Senator Investment Group LP Invests $45.36 Million in DICK’S Sporting Goods, Inc. $DKS

Senator Investment Group LP bought a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 200,000 shares of the sporting goods retailer’s stock, valued at approximately $45,362,000. DICK’S Sporting Goods accounts for 1.7% of Senator Investment Group LP’s holdings, making the stock its 26th largest holding.

Other institutional investors have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company acquired a new position in DICK’S Sporting Goods during the second quarter worth $11,466,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of DICK’S Sporting Goods during the second quarter valued at about $18,448,000. State of Wyoming bought a new stake in shares of DICK’S Sporting Goods during the second quarter worth about $1,348,000. Financial Synergies Wealth Advisors Inc. bought a new stake in shares of DICK’S Sporting Goods during the fourth quarter worth about $1,446,000. Finally, Norges Bank acquired a new stake in shares of DICK’S Sporting Goods in the 4th quarter worth about $192,639,000. 89.83% of the stock is owned by institutional investors and hedge funds.

DICK’S Sporting Goods Stock Performance

Shares of DICK’S Sporting Goods stock opened at $135.09 on Monday. The firm has a market cap 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 current ratio of 1.49 and a quick ratio of 0.36. The stock has a fifty day moving average price of $205.27 and a 200-day moving average price of $209.10.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results 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). The company had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.64 billion. DICK’S Sporting Goods had a return on equity of 19.21% and a net margin of 3.97%.DICK’S Sporting Goods’s quarterly revenue was up 53.2% compared to the same quarter last year. During the same period last year, the firm posted $4.38 earnings per share. DICK’S Sporting Goods has set its FY 2026 guidance at 11.000-12.000 EPS. Equities research analysts anticipate that DICK’S Sporting Goods, Inc. will post 11.72 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Friday, September 11th. DICK’S Sporting Goods’s payout ratio is presently 53.71%.

Analyst Ratings Changes

A number of analysts have commented on the company. Morgan Stanley decreased their price objective on DICK’S Sporting Goods from $270.00 to $180.00 and set an “overweight” rating for the company in a report on Wednesday. Jefferies Financial Group set a $171.00 price objective on DICK’S Sporting Goods in a research note on Tuesday, August 25th. Citigroup cut their price objective 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. JPMorgan Chase & Co. reduced their target price on shares of DICK’S Sporting Goods from $270.00 to $245.00 and set an “overweight” rating for the company in a research note on Monday, August 24th. Finally, Weiss Ratings downgraded shares of DICK’S Sporting Goods from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 5th. Twelve research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $170.22.

Insider Activity at DICK’S Sporting Goods

In related news, Director William J. Colombo bought 5,000 shares of DICK’S Sporting Goods stock in a transaction dated Wednesday, August 26th. The stock was purchased at an average cost of $128.72 per share, with a total value of $643,600.00. Following the transaction, the director directly owned 178,987 shares of the company’s stock, valued at approximately $23,039,206.64. The trade was a 2.87% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sandeep Mathrani purchased 1,550 shares of the firm’s stock in a transaction dated 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 owned 11,136 shares in the company, valued at $1,435,319.04. The trade was a 16.17% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought 28,650 shares of company stock valued at $3,722,280 in the last three months. Insiders own 28.91% of the company’s stock.

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

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.