Wellington Management Group LLP decreased its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS – Free Report) by 12.9% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 7,673,983 shares of the sporting goods retailer’s stock after selling 1,138,841 shares during the period. Wellington Management Group LLP owned approximately 0.09% of DICK’S Sporting Goods worth $1,740,536,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Kingsview Wealth Management LLC purchased a new position in shares of DICK’S Sporting Goods in the 2nd quarter valued at approximately $595,000. Beacon Pointe Advisors LLC acquired a new stake in DICK’S Sporting Goods in the 2nd quarter worth approximately $410,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in DICK’S Sporting Goods during the 2nd quarter worth approximately $91,000. Glenview Trust Co purchased a new stake in DICK’S Sporting Goods during the 2nd quarter worth approximately $1,361,000. Finally, Empowered Funds LLC acquired a new position in DICK’S Sporting Goods during the 2nd quarter valued at approximately $2,297,000. Institutional investors and hedge funds own 89.83% of the company’s stock.
Insider Buying and Selling at DICK’S Sporting Goods
In related news, Director Mark J. Barrenechea purchased 17,000 shares of the business’s stock in a transaction on Thursday, August 27th. The shares were bought at an average cost of $130.72 per share, with a total value of $2,222,240.00. Following the transaction, the director owned 25,977 shares of the company’s stock, valued at approximately $3,395,713.44. This trade represents a 189.37% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sandeep Mathrani acquired 1,550 shares of DICK’S Sporting Goods stock in a transaction on Wednesday, August 26th. The shares were bought at an average price of $128.89 per share, with a total value of $199,779.50. Following the purchase, the director directly owned 11,136 shares in the company, valued at approximately $1,435,319.04. The trade was a 16.17% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 28,650 shares of company stock valued at $3,722,280 in the last three months. Company insiders own 28.91% of the company’s stock.
Wall Street Analysts Forecast Growth
Read Our Latest Report on DICK’S Sporting Goods
More DICK’S Sporting Goods News
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 Stock Performance
Shares of NYSE DKS opened at $135.09 on Friday. The company has a current ratio of 1.49, a quick ratio of 0.38 and a debt-to-equity ratio of 0.33. DICK’S Sporting Goods, Inc. has a 12 month low of $120.40 and a 12 month high of $244.38. The company 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 price-to-earnings ratio of 14.51, a PEG ratio of 1.39 and a beta of 1.21.
DICK’S Sporting Goods (NYSE:DKS – Get Free Report) last released its quarterly earnings data on Tuesday, August 25th. The sporting goods retailer reported $3.53 EPS for the quarter, missing the consensus estimate of $3.74 by ($0.21). The business had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.64 billion. DICK’S Sporting Goods had a net margin of 3.97% and a return on equity of 19.21%. The firm’s revenue was up 53.2% on a year-over-year basis. During the same period last year, the company earned $4.38 earnings per share. DICK’S Sporting Goods has set its FY 2026 guidance at 11.000-12.000 EPS. As a group, analysts predict that DICK’S Sporting Goods, Inc. will post 11.75 earnings per share for the current year.
DICK’S Sporting Goods Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Friday, September 11th. DICK’S Sporting Goods’s dividend payout ratio is presently 53.71%.
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.
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