Evolve Private Wealth LLC Makes New Investment in DICK’S Sporting Goods, Inc. $DKS

Evolve Private Wealth LLC bought a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) during the 2nd quarter, Holdings Channel reports. The firm bought 4,129 shares of the sporting goods retailer’s stock, valued at approximately $936,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DKS. Harbor Investment Advisory LLC bought a new position in shares of DICK’S Sporting Goods in the first quarter worth about $30,000. Laurel Wealth Advisors LLC bought a new stake in shares of DICK’S Sporting Goods during the fourth quarter valued at approximately $34,000. Elyxium Wealth LLC bought a new stake in shares of DICK’S Sporting Goods during the fourth quarter valued at approximately $35,000. SHP Wealth Management acquired a new stake in shares of DICK’S Sporting Goods in the fourth quarter valued at approximately $38,000. Finally, Torren Management LLC acquired a new stake in shares of DICK’S Sporting Goods in the fourth quarter valued at approximately $41,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DKS has been the topic of several research reports. JPMorgan Chase & Co. raised DICK’S Sporting Goods from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $240.00 to $270.00 in a report on Thursday, May 28th. UBS Group raised shares of DICK’S Sporting Goods from a “buy” rating to a “positive” rating in a research note on Monday, August 10th. Wells Fargo & Company raised shares of DICK’S Sporting Goods from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $220.00 to $240.00 in a research note on Monday, August 10th. Jefferies Financial Group lifted 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. Finally, Telsey Advisory Group upped their target price on shares of DICK’S Sporting Goods from $240.00 to $255.00 and gave the company an “outperform” rating in a research report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $258.44.

DICK’S Sporting Goods Price Performance

DKS opened at $183.23 on Monday. 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 12 month low of $176.07 and a 12 month high of $244.38. The company has a fifty day simple moving average of $213.93 and a 200 day simple moving average of $211.41. The stock has a market cap of $16.40 billion, a P/E ratio of 17.42, a P/E/G ratio of 1.60 and a beta of 1.21.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share (EPS) 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 firm’s revenue was up 62.7% compared to the same quarter last year. During the same quarter last year, the company earned $3.37 earnings per share. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. On average, research analysts expect that DICK’S Sporting Goods, Inc. will post 14.24 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were issued a dividend of $1.25 per share. 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 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.