Y Intercept Hong Kong Ltd Invests $805,000 in DICK’S Sporting Goods, Inc. $DKS

Y Intercept Hong Kong Ltd bought a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,058 shares of the sporting goods retailer’s stock, valued at approximately $805,000.

Other hedge funds have also recently modified their holdings of the company. Bank of America Corp DE lifted its position in DICK’S Sporting Goods by 588.1% in the third quarter. Bank of America Corp DE now owns 3,545,944 shares of the sporting goods retailer’s stock valued at $787,980,000 after acquiring an additional 3,030,642 shares during the last quarter. Viking Global Investors LP purchased a new position in shares of DICK’S Sporting Goods during the fourth quarter worth about $509,371,000. Norges Bank acquired a new stake in shares of DICK’S Sporting Goods during the fourth quarter worth about $192,639,000. Atreides Management LP acquired a new stake in shares of DICK’S Sporting Goods during the second quarter worth about $172,715,000. Finally, Hamlin Capital Management LLC purchased a new stake in shares of DICK’S Sporting Goods in the 3rd quarter valued at about $157,537,000. 89.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DKS has been the subject of a number of research analyst reports. BTIG Research reissued a “buy” rating and issued a $300.00 target price on shares of DICK’S Sporting Goods in a research report on Thursday, May 28th. Jefferies Financial Group lifted their price target on DICK’S Sporting Goods from $210.00 to $224.00 and gave the stock a “hold” rating in a research report on Wednesday, May 27th. JPMorgan Chase & Co. upgraded DICK’S Sporting Goods from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $240.00 to $270.00 in a research note on Thursday, May 28th. Telsey Advisory Group increased their price objective on DICK’S Sporting Goods from $240.00 to $255.00 and gave the company an “outperform” rating in a report on Wednesday, May 20th. Finally, Wells Fargo & Company restated a “positive” rating on shares of DICK’S Sporting Goods in a research report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, DICK’S Sporting Goods presently has a consensus rating of “Moderate Buy” and a consensus price target of $254.71.

Insider Buying and Selling at DICK’S Sporting Goods

In related news, EVP Julie Lodge-Jarrett sold 4,140 shares of the company’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $223.56, for a total transaction of $925,538.40. Following the transaction, the executive vice president owned 24,757 shares of the company’s stock, valued at $5,534,674.92. This represents a 14.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 28.91% of the stock is currently owned by company insiders.

DICK’S Sporting Goods Trading Up 0.0%

Shares of DICK’S Sporting Goods stock opened at $218.07 on Monday. DICK’S Sporting Goods, Inc. has a 52-week low of $186.67 and a 52-week high of $244.38. The company has a quick ratio of 0.38, a current ratio of 1.50 and a debt-to-equity ratio of 0.34. The company’s 50-day simple moving average is $224.25 and its 200-day simple moving average is $212.35. The firm has a market cap of $19.52 billion, a price-to-earnings ratio of 20.73, a price-to-earnings-growth ratio of 1.90 and a beta of 1.19.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Wednesday, May 27th. The sporting goods retailer reported $2.90 EPS for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.01). DICK’S Sporting Goods had a net margin of 4.71% and a return on equity of 22.22%. The firm had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.07 billion. During the same quarter in the previous year, the business earned $3.37 EPS. DICK’S Sporting Goods’s revenue for the quarter was up 62.7% on a year-over-year basis. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. As a group, equities research analysts anticipate that DICK’S Sporting Goods, Inc. will post 14.24 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were paid a $1.25 dividend. The ex-dividend date was Friday, June 12th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.3%. DICK’S Sporting Goods’s payout ratio is 47.53%.

About DICK’S Sporting Goods

DICK’S Sporting Goods is a leading U.S.-based sporting goods retailer that sells a broad range of sports equipment, apparel, footwear and outdoor gear. The company operates an omnichannel business combining physical stores with digital sales, offering products for team sports, fitness, hunting and fishing, golf, and general active lifestyle categories. In addition to its flagship DICK’S stores, the company operates specialty formats such as Golf Galaxy and branded service offerings including team-sports sales and custom equipment solutions.

The company traces its roots to a single sporting goods outlet founded in 1948 and has since grown into a national retail chain serving customers across the United States.