Insider Buying: DICK’S Sporting Goods (NYSE:DKS) Director Acquires $514,760.00 in Stock

DICK’S Sporting Goods, Inc. (NYSE:DKS) Director Robert Eddy bought 4,000 shares of the company’s stock in a transaction on Wednesday, August 26th. The stock was purchased at an average cost of $128.69 per share, with a total value of $514,760.00. Following the completion of the transaction, the director owned 10,886 shares in the company, valued at $1,400,919.34. This represents a 58.09% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

DICK’S Sporting Goods Price Performance

Shares of DKS opened at $135.09 on Monday. The stock has a market capitalization of $12.09 billion, a PE ratio of 14.51, a P/E/G ratio of 1.43 and a beta of 1.21. DICK’S Sporting Goods, Inc. has a 1 year low of $120.40 and a 1 year high of $244.38. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.36 and a current ratio of 1.49. The company’s 50-day simple moving average is $205.27 and its 200-day simple moving average is $209.10.

DICK’S Sporting Goods (NYSE:DKS) last posted 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 company’s revenue for the quarter was up 53.2% compared to the same quarter last year. During the same period in the previous year, the business posted $4.38 EPS. DICK’S Sporting Goods has set its FY 2026 guidance at 11.000-12.000 EPS. Analysts forecast that DICK’S Sporting Goods, Inc. will post 11.72 earnings per share for the current fiscal 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 given 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 (DPR) is currently 53.71%.

Institutional Investors Weigh In On DICK’S Sporting Goods

A number of large investors have recently modified their holdings of the company. Brown Advisory Inc. raised its holdings 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 valued at $226,000 after purchasing an additional 100 shares in the last quarter. Cerity Partners LLC grew its stake 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 worth $316,000 after purchasing an additional 562 shares in the last quarter. Bank of Nova Scotia acquired a new position in shares of DICK’S Sporting Goods during the second quarter worth $417,000. Daiwa Securities Group Inc. increased its holdings in DICK’S Sporting Goods by 9.8% in the second quarter. Daiwa Securities Group Inc. now owns 5,974 shares of the sporting goods retailer’s stock valued at $1,182,000 after buying an additional 531 shares during the last quarter. Finally, NewEdge Advisors LLC raised its stake in DICK’S Sporting Goods by 4.4% in the second quarter. NewEdge Advisors LLC now owns 2,951 shares of the sporting goods retailer’s stock valued at $584,000 after buying an additional 124 shares in 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: 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

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Wells Fargo & Company cut their price objective on DICK’S Sporting Goods from $240.00 to $185.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 25th. Weiss Ratings cut DICK’S Sporting Goods from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 5th. Telsey Advisory Group restated a “market perform” rating and set a $145.00 price target (down from $255.00) on shares of DICK’S Sporting Goods in a report on Wednesday. BNP Paribas Exane restated an “underperform” rating and set a $99.00 price target on shares of DICK’S Sporting Goods in a report on Wednesday. Finally, Bank of America reduced 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 report on Wednesday, August 26th. Twelve research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, DICK’S Sporting Goods has a consensus rating of “Moderate Buy” and a consensus price target of $170.22.

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.