Deutsche Bank AG Buys New Stake in DICK’S Sporting Goods, Inc. $DKS

Deutsche Bank AG purchased a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 112,451 shares of the sporting goods retailer’s stock, valued at approximately $25,505,000. Deutsche Bank AG owned approximately 0.13% of DICK’S Sporting Goods as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Perigon Wealth Management LLC bought a new stake in shares of DICK’S Sporting Goods in the 2nd quarter valued at $474,000. Phillips Wealth Planners LLC acquired a new stake in DICK’S Sporting Goods in the 2nd quarter valued at $437,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in DICK’S Sporting Goods during the second quarter valued at approximately $15,986,000. Persistent Asset Partners Ltd bought a new position in shares of DICK’S Sporting Goods in the second quarter valued at $100,000. Finally, HBK Sorce Advisory LLC bought a new position in DICK’S Sporting Goods during the second quarter worth about $319,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on DKS. Jefferies Financial Group raised their target price on shares of DICK’S Sporting Goods from $210.00 to $224.00 and gave the stock a “hold” rating in a report on Wednesday, May 27th. Robert W. Baird set a $264.00 price target on shares of DICK’S Sporting Goods in a report on Thursday, May 28th. DA Davidson reissued a “buy” rating and set a $260.00 price target on shares of DICK’S Sporting Goods in a research note on Monday, August 17th. Wells Fargo & Company raised DICK’S Sporting Goods from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $220.00 to $240.00 in a research note on Monday, August 10th. Finally, Truist Financial boosted their price objective on DICK’S Sporting Goods from $252.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, DICK’S Sporting Goods currently has a consensus rating of “Moderate Buy” and an average price target of $258.44.

DICK’S Sporting Goods Price Performance

Shares of NYSE DKS opened at $183.23 on Friday. The stock’s 50-day simple moving average is $213.93 and its two-hundred day simple moving average is $211.35. The firm has a market capitalization of $16.40 billion, a P/E ratio of 17.42, a P/E/G ratio of 1.56 and a beta of 1.21. The company has a quick ratio of 0.38, a current ratio of 1.50 and a debt-to-equity ratio of 0.34. DICK’S Sporting Goods, Inc. has a twelve month low of $176.07 and a twelve month high of $244.38.

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

DICK’S Sporting Goods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.7%. The ex-dividend date was Friday, June 12th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 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.