Hsbc Holdings PLC acquired a new position in DICK’S Sporting Goods, Inc. (NYSE:DKS – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 45,241 shares of the sporting goods retailer’s stock, valued at approximately $10,271,000.
Several other large investors have also recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in DICK’S Sporting Goods during the 2nd quarter valued at about $1,501,321,000. Bank of America Corp DE grew its position in DICK’S Sporting Goods by 5.8% during the 1st quarter. Bank of America Corp DE now owns 3,382,472 shares of the sporting goods retailer’s stock worth $670,710,000 after acquiring an additional 184,727 shares during the last quarter. State Street Corp increased its stake in DICK’S Sporting Goods by 17.7% in the 3rd quarter. State Street Corp now owns 2,606,541 shares of the sporting goods retailer’s stock worth $579,226,000 after purchasing an additional 391,694 shares during the period. Viking Global Investors LP purchased a new position in DICK’S Sporting Goods in the 4th quarter worth approximately $509,371,000. Finally, Geode Capital Management LLC lifted its position in DICK’S Sporting Goods by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 1,226,792 shares of the sporting goods retailer’s stock valued at $242,184,000 after purchasing an additional 16,051 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.
Insider Activity at DICK’S Sporting Goods
In related news, Director Robert W. Eddy acquired 4,000 shares of DICK’S Sporting Goods stock in a transaction on Wednesday, August 26th. The shares were acquired at an average cost of $128.69 per share, with a total value of $514,760.00. Following the transaction, the director owned 10,886 shares in the company, valued at $1,400,919.34. This trade represents a 58.09% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mark J. Barrenechea acquired 17,000 shares of the firm’s stock in a transaction on Thursday, August 27th. The stock was bought at an average price of $130.72 per share, with a total value of $2,222,240.00. Following the completion of the acquisition, the director directly owned 25,977 shares in the company, valued at approximately $3,395,713.44. This represents a 189.37% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have acquired 28,650 shares of company stock worth $3,722,280. 28.91% of the stock is currently owned by insiders.
Analyst Ratings Changes
View Our Latest Report on DICK’S Sporting Goods
Key Stories Impacting DICK’S Sporting Goods
Here are the key news stories impacting DICK’S Sporting Goods this week:
- Positive Sentiment: Several directors made sizable open-market purchases after the earnings-related decline. William J. Colombo bought 6,100 shares for roughly $785,500, Mark J. Barrenechea purchased 17,000 shares for about $2.2 million, Robert W. Eddy bought 4,000 shares, and Sandeep Mathrani acquired 1,550 shares. The transactions may signal that company insiders view the selloff as excessive. SEC insider filing
- Positive Sentiment: Oppenheimer maintained a Buy rating, and Citigroup retained a Buy rating despite reducing its price target to $190 from $280. The new target still implies substantial potential upside from current trading levels. Analyst price target report
- Neutral Sentiment: Multiple law firms announced investigations into potential securities-law violations, including Kaplan Fox, Block & Leviton, BFA Law, Levi & Korsinsky and Pomerantz. These notices are investor solicitations and do not establish that DICK’S violated any law, but they add reputational and litigation risk. Kaplan Fox investigation notice
- Negative Sentiment: DICK’S reported quarterly earnings of $3.53 per share versus the $3.74 consensus estimate, while revenue of $5.59 billion also fell short of expectations. Earnings declined from $4.38 per share a year earlier, intensifying concerns about profitability despite strong reported revenue growth.
- Negative Sentiment: Telsey downgraded the stock to Market Perform and slashed its price target to $145 from $255. DA Davidson and BTIG also issued pessimistic forecasts, reinforcing concerns about the company’s outlook. Analyst downgrade report
DICK’S Sporting Goods Trading Up 2.5%
NYSE DKS opened at $135.09 on Friday. DICK’S Sporting Goods, Inc. has a fifty-two week low of $120.40 and a fifty-two week high of $244.38. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.38 and a current ratio of 1.49. The stock has a 50 day simple moving average of $205.27 and a two-hundred day simple moving average of $209.05. The stock has a market cap of $12.09 billion, a P/E ratio of 14.51, a price-to-earnings-growth ratio of 1.39 and a beta of 1.21.
DICK’S Sporting Goods (NYSE:DKS – Get Free Report) last issued its quarterly earnings data on Tuesday, August 25th. The sporting goods retailer reported $3.53 earnings per share for the quarter, missing analysts’ consensus estimates of $3.74 by ($0.21). DICK’S Sporting Goods had a return on equity of 19.21% and a net margin of 3.97%.The business had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.64 billion. During the same quarter in the prior year, the business posted $4.38 earnings per share. DICK’S Sporting Goods’s quarterly revenue was up 53.2% compared to the same quarter last year. DICK’S Sporting Goods has set its FY 2026 guidance at 11.000-12.000 EPS. On average, analysts forecast that DICK’S Sporting Goods, Inc. will post 11.75 earnings per share for the current year.
DICK’S Sporting Goods Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be issued a $1.25 dividend. The ex-dividend date is Friday, September 11th. This represents a $5.00 annualized dividend and a yield of 3.7%. DICK’S Sporting Goods’s payout ratio is 53.71%.
DICK’S Sporting Goods Profile
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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