Public Employees Retirement System of Ohio Buys Shares of 36,564 DICK’S Sporting Goods, Inc. $DKS

Public Employees Retirement System of Ohio purchased a new position in DICK’S Sporting Goods, Inc. (NYSE:DKS) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 36,564 shares of the sporting goods retailer’s stock, valued at approximately $8,293,000.

Several other large investors also recently made changes to their positions in the stock. Capstone Investment Advisors LLC acquired a new position in shares of DICK’S Sporting Goods during the 2nd quarter valued at about $1,731,000. Transamerica Financial Advisors LLC acquired a new stake in DICK’S Sporting Goods in the 2nd quarter worth approximately $100,000. Corient Private Wealth LP bought a new stake in DICK’S Sporting Goods during the second quarter worth approximately $1,249,000. Atreides Management LP bought a new stake in DICK’S Sporting Goods during the second quarter worth approximately $85,081,000. Finally, Bank of America Corp DE bought a new stake in DICK’S Sporting Goods during the second quarter worth approximately $1,024,000,000. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Price Performance

NYSE:DKS opened at $134.58 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 0.36. DICK’S Sporting Goods, Inc. has a one year low of $120.40 and a one year high of $244.38. The company has a fifty day moving average price of $203.19 and a 200 day moving average price of $208.64. The stock has a market cap of $12.04 billion, a P/E ratio of 14.46, a PEG ratio of 1.43 and a beta of 1.21.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Tuesday, August 25th. The sporting goods retailer reported $3.53 EPS for the quarter, missing analysts’ consensus estimates of $3.74 by ($0.21). DICK’S Sporting Goods had a net margin of 3.97% and a return on equity of 19.21%. The company had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.64 billion. During the same period in the prior year, the company posted $4.38 EPS. The firm’s quarterly revenue was up 53.2% on a year-over-year basis. DICK’S Sporting Goods has set its FY 2026 guidance at 11.000-12.000 EPS. Analysts anticipate that DICK’S Sporting Goods, Inc. will post 11.72 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Friday, September 11th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 3.7%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 53.71%.

Insider Transactions at DICK’S Sporting Goods

In other news, Director William J. Colombo acquired 1,100 shares of the stock in a transaction dated Thursday, August 27th. The shares were acquired at an average cost of $129.00 per share, for a total transaction of $141,900.00. Following the completion of the transaction, the director owned 180,087 shares in the company, valued at approximately $23,231,223. This trade represents a 0.61% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Mark J. Barrenechea bought 17,000 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was purchased at an average price of $130.72 per share, with a total value of $2,222,240.00. Following the completion of the purchase, the director directly owned 25,977 shares of the company’s stock, valued at $3,395,713.44. This represents a 189.37% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have acquired 28,650 shares of company stock valued at $3,722,280. Company insiders own 28.91% of the company’s stock.

Wall Street Analyst Weigh In

DKS has been the topic of a number of recent analyst reports. 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 on the stock in a research report on Wednesday, August 26th. KGI Securities lowered shares of DICK’S Sporting Goods from an “outperform” rating to a “neutral” rating and set a $135.10 target price on the stock. in a research note on Wednesday, August 26th. Barclays dropped their target price on shares of DICK’S Sporting Goods from $280.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, August 26th. Weiss Ratings cut shares of DICK’S Sporting Goods from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 5th. Finally, The Goldman Sachs Group lowered their price target on DICK’S Sporting Goods from $271.00 to $170.00 and set a “buy” rating on the stock in a research report on Wednesday, August 26th. Twelve equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, DICK’S Sporting Goods has an average rating of “Moderate Buy” and an average 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.