Steigerwald Gordon & Koch Inc. Sells 4,004 Shares of DICK’S Sporting Goods, Inc. $DKS

by · The Cerbat Gem

Steigerwald Gordon & Koch Inc. cut its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKSFree Report) by 3.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 128,038 shares of the sporting goods retailer’s stock after selling 4,004 shares during the quarter. DICK’S Sporting Goods makes up approximately 2.4% of Steigerwald Gordon & Koch Inc.’s holdings, making the stock its 14th biggest position. Steigerwald Gordon & Koch Inc.’s holdings in DICK’S Sporting Goods were worth $25,348,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DKS. Brown Advisory Inc. boosted its stake in DICK’S Sporting Goods by 9.6% in the 2nd quarter. Brown Advisory Inc. now owns 1,143 shares of the sporting goods retailer’s stock worth $226,000 after purchasing an additional 100 shares during the period. Cerity Partners LLC boosted its stake in DICK’S Sporting Goods by 54.1% in the 2nd quarter. Cerity Partners LLC now owns 1,600 shares of the sporting goods retailer’s stock worth $316,000 after purchasing an additional 562 shares during the period. Bank of Nova Scotia bought a new position in DICK’S Sporting Goods in the 2nd quarter worth approximately $417,000. Daiwa Securities Group Inc. boosted its stake in DICK’S Sporting Goods by 9.8% in the 2nd quarter. Daiwa Securities Group Inc. now owns 5,974 shares of the sporting goods retailer’s stock worth $1,182,000 after purchasing an additional 531 shares during the period. Finally, NewEdge Advisors LLC boosted its stake in DICK’S Sporting Goods by 4.4% in the 2nd quarter. NewEdge Advisors LLC now owns 2,951 shares of the sporting goods retailer’s stock worth $584,000 after purchasing an additional 124 shares during the period. 89.83% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Chairman Edward W. Stack sold 210,478 shares of the stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $197.69, for a total transaction of $41,609,395.82. Following the sale, the chairman owned 6,549,026 shares in the company, valued at approximately $1,294,676,949.94. This represents a 3.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 32.55% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on DKS shares. The Goldman Sachs Group restated a “buy” rating on shares of DICK’S Sporting Goods in a research note on Monday, January 5th. Wells Fargo & Company dropped their price target on DICK’S Sporting Goods from $225.00 to $200.00 and set an “equal weight” rating for the company in a research note on Friday, March 13th. Telsey Advisory Group restated an “outperform” rating and issued a $245.00 price target on shares of DICK’S Sporting Goods in a research note on Monday, March 9th. Truist Financial dropped their price target on DICK’S Sporting Goods from $275.00 to $252.00 and set a “buy” rating for the company in a research note on Thursday, March 12th. Finally, Morgan Stanley dropped their price target on DICK’S Sporting Goods from $260.00 to $250.00 and set an “overweight” rating for the company in a research note on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, DICK’S Sporting Goods currently has an average rating of “Moderate Buy” and a consensus target price of $238.67.

Get Our Latest Research Report on DKS

DICK’S Sporting Goods Stock Down 0.0%

NYSE DKS opened at $212.59 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.47 and a current ratio of 1.53. The company has a market capitalization of $18.93 billion, a P/E ratio of 20.80, a P/E/G ratio of 3.02 and a beta of 1.21. DICK’S Sporting Goods, Inc. has a one year low of $167.03 and a one year high of $237.31. The stock has a 50 day moving average price of $200.02 and a 200-day moving average price of $210.54.

DICK’S Sporting Goods (NYSE:DKSGet Free Report) last posted its earnings results on Thursday, March 12th. The sporting goods retailer reported $3.45 EPS for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. The firm had revenue of $6.23 billion during the quarter, compared to the consensus estimate of $6.06 billion. DICK’S Sporting Goods had a return on equity of 27.12% and a net margin of 4.93%.The company’s quarterly revenue was up 59.9% compared to the same quarter last year. During the same period in the prior year, the company earned $3.62 EPS. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. As a group, equities analysts predict that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Friday, March 27th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.4%. The ex-dividend date was Friday, March 27th. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.21. DICK’S Sporting Goods’s payout ratio is currently 48.92%.

DICK’S Sporting Goods Company Profile

(Free Report)

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.

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