DICK’S Sporting Goods (NYSE:DKS) Director Sandeep Mathrani Buys 1,550 Shares

DICK’S Sporting Goods, Inc. (NYSE:DKS) Director Sandeep Mathrani purchased 1,550 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was acquired at an average cost of $128.89 per share, with a total value of $199,779.50. Following 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 purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

DICK’S Sporting Goods Trading Up 2.5%

DKS opened at $135.09 on Friday. The stock has a 50-day moving average of $205.27 and a 200 day moving average of $209.05. 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 firm has a market cap of $12.09 billion, a P/E ratio of 14.51, a P/E/G ratio of 1.39 and a beta of 1.21.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Tuesday, August 25th. The sporting goods retailer reported $3.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.74 by ($0.21). The company had revenue of $5.59 billion for 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 company’s revenue for the quarter was up 53.2% on a year-over-year basis. During the same quarter 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, research analysts forecast that DICK’S Sporting Goods, Inc. will post 11.75 EPS 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 dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 3.7%. The ex-dividend date is Friday, September 11th. DICK’S Sporting Goods’s dividend payout ratio is presently 53.71%.

Institutional Trading of DICK’S Sporting Goods

Hedge funds and other institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System lifted its position in shares of DICK’S Sporting Goods by 20,961.0% during the second quarter. California State Teachers Retirement System now owns 15,878,288 shares of the sporting goods retailer’s stock worth $3,601,355,000 after purchasing an additional 15,802,896 shares during the last quarter. BlackRock Inc. bought a new position in shares of DICK’S Sporting Goods in the second quarter worth about $1,501,321,000. Bank of America Corp DE bought a new position in shares of DICK’S Sporting Goods in the second quarter worth about $1,024,000,000. 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 buying an additional 391,694 shares during the period. Finally, Viking Global Investors LP purchased a new position in DICK’S Sporting Goods in the 4th quarter worth about $509,371,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Weiss Ratings lowered shares of DICK’S Sporting Goods from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 5th. Loop Capital reissued a “hold” rating and issued a $140.00 target price on shares of DICK’S Sporting Goods in a research note on Tuesday. Robert W. Baird dropped 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 research note on Wednesday. Citigroup cut their price target on shares of DICK’S Sporting Goods from $280.00 to $190.00 and set a “buy” rating on the stock in a report on Thursday. Finally, KGI Securities lowered shares of DICK’S Sporting Goods from an “outperform” rating to a “neutral” rating and set a $135.10 price objective on the stock. in a research report on Wednesday. Twelve research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $170.22.

Key Headlines 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 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.