Northwestern Mutual Wealth Management Co. boosted its position in DICK’S Sporting Goods, Inc. (NYSE:DKS – Free Report) by 73.0% in the second quarter, HoldingsChannel.com reports. The firm owned 11,773 shares of the sporting goods retailer’s stock after acquiring an additional 4,968 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in DICK’S Sporting Goods were worth $2,670,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the company. Brown Advisory Inc. grew its position in shares of 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 buying an additional 100 shares during the last quarter. Cerity Partners LLC increased its holdings in shares of DICK’S Sporting Goods by 54.1% during the second quarter. Cerity Partners LLC now owns 1,600 shares of the sporting goods retailer’s stock valued at $316,000 after acquiring an additional 562 shares in the last quarter. Bank of Nova Scotia purchased a new position in shares of DICK’S Sporting Goods in the 2nd quarter valued at 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 in the last quarter. Finally, NewEdge Advisors LLC grew its position in DICK’S Sporting Goods by 4.4% during 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 last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.
Key Headlines Impacting DICK’S Sporting Goods
Here are the key news stories impacting DICK’S Sporting Goods this week:
- Positive Sentiment: Director William Colombo purchased 913 DKS shares for approximately $121,600, increasing his direct ownership to 181,000 shares. Recent insider buying may signal that company directors view the selloff as an attractive entry point. DICK’S Sporting Goods Director Acquires 913 Shares of Stock
- Neutral Sentiment: DKS now trades at a materially lower valuation and offers an annualized dividend of $5.00 per share, or roughly a 3.6% yield based on the provided price. However, analysts remain divided, with a consensus “Hold” rating and an average price target of $170.22. Dick’s Sporting Goods Stock Just Crashed 31%
- Negative Sentiment: DICK’S reduced its 2026 profit outlook as Foot Locker weakness, promotional activity and higher costs outweighed strong sales growth in its core operations. The company’s latest quarterly earnings also missed analyst expectations, increasing concerns about integration execution and profitability. DKS Cuts 2026 Profit Outlook
- Negative Sentiment: Multiple law firms, including Kaplan Fox, Block & Leviton, Bleichmar Fonti & Auld, Kirby McInerney and Pomerantz, announced investigations into potential securities-law violations. The inquiries reportedly focus on whether DICK’S adequately disclosed inventory, discounting and Foot Locker-related profit risks. These notices are investor-solicitation announcements and do not establish wrongdoing, but they add legal and reputational overhang. Kaplan Fox Securities Investigation
- Negative Sentiment: Zacks Research downgraded DKS to “strong sell,” while technical coverage flagged a bearish “death cross” pattern, reinforcing negative momentum and investor caution. DKS Death Cross Analysis
DICK’S Sporting Goods Price Performance
DICK’S Sporting Goods (NYSE:DKS – Get Free Report) last posted its earnings results on Tuesday, August 25th. The sporting goods retailer reported $3.53 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.64 billion. During the same period in the previous year, the company earned $4.38 earnings per share. The company’s 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. Equities research analysts forecast that DICK’S Sporting Goods, Inc. will post 11.73 EPS for the current year.
DICK’S Sporting Goods Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be given a dividend of $1.25 per share. The ex-dividend date is Friday, September 11th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 3.6%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 53.71%.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on DKS. Robert W. Baird decreased their price target on shares of DICK’S Sporting Goods from $264.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, August 26th. Barclays reduced their target price on DICK’S Sporting Goods from $280.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, August 26th. Bank of America dropped their price target on DICK’S Sporting Goods from $245.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, August 26th. KGI Securities lowered DICK’S Sporting Goods from an “outperform” rating to a “neutral” rating and set a $135.10 price objective on the stock. in a report on Wednesday, August 26th. Finally, Jefferies Financial Group set a $171.00 target price on DICK’S Sporting Goods in a report on Tuesday, August 25th. Twelve investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $170.22.
Check Out Our Latest Stock Report on DKS
Insider Activity at DICK’S Sporting Goods
In related news, Director Robert W. Eddy purchased 4,000 shares of DICK’S Sporting Goods stock in a transaction that occurred on Wednesday, August 26th. The stock was purchased at an average price of $128.69 per share, for a total transaction of $514,760.00. Following the transaction, the director directly owned 10,886 shares in the company, valued at approximately $1,400,919.34. This trade represents a 58.09% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Sandeep Mathrani acquired 1,550 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was purchased at an average price of $128.89 per share, for a total transaction of $199,779.50. Following the completion of the acquisition, the director owned 11,136 shares in the company, valued at $1,435,319.04. The trade was a 16.17% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 29,563 shares of company stock worth $3,843,882 over the last 90 days. 28.91% of the stock is owned by insiders.
DICK’S Sporting Goods Company 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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