PYA Waltman Capital LLC Takes $1.59 Million Position in DICK’S Sporting Goods, Inc. $DKS

PYA Waltman Capital LLC bought a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 6,992 shares of the sporting goods retailer’s stock, valued at approximately $1,586,000.

A number of other large investors have also added to or reduced their stakes in the business. Senator Investment Group LP acquired a new position in shares of DICK’S Sporting Goods in the second quarter valued at $45,362,000. The Manufacturers Life Insurance Company acquired a new stake in shares of DICK’S Sporting Goods during the 2nd quarter worth about $11,466,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of DICK’S Sporting Goods during the 2nd quarter worth about $18,448,000. State of Wyoming bought a new stake in shares of DICK’S Sporting Goods during the 2nd quarter worth about $1,348,000. Finally, Financial Synergies Wealth Advisors Inc. bought a new stake in shares of DICK’S Sporting Goods during the 4th quarter worth about $1,446,000. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods News Summary

Here are the key news stories impacting DICK’S Sporting Goods this week:

• Positive Sentiment: Four DICK’S directors purchased approximately $3.7 million of company stock after the selloff. The insider buying may signal that the directors view the decline as excessive and retain confidence in the company’s long-term prospects. Dick’s Sporting Goods Directors Buy $3.7 Million of Stock After Shares Plunge
• Neutral Sentiment: Management is scheduled to participate in a Goldman Sachs consumer and retail conference on September 14. Investors may look for updates on Foot Locker integration, inventory levels, promotions and full-year guidance. DICK’S Sporting Goods Announces Participation in the Goldman Sachs Conference
• Negative Sentiment: DICK’S reported adjusted second-quarter EPS of $3.53, below estimates near $3.74–$3.78, while revenue of about $5.59 billion also fell short of expectations. Earnings declined from the prior-year period despite revenue growth, increasing concern about profitability.
• Negative Sentiment: Analysts and market commentators say the Foot Locker acquisition is weighing on otherwise stronger core results. Integration costs, elevated inventory, discounting and margin pressure prompted a reduction in guidance and drove the sharp selloff. DICK’S Sporting Goods’ Foot Locker Integration Clouding Strong Core Results
• Negative Sentiment: Several law firms, including Pomerantz, BFA Law, Levi & Korsinsky and Kaplan Fox, announced investigations into potential securities-law violations related to disclosures about the Foot Locker acquisition, inventory and profit pressures. These announcements may add reputational and potential litigation risk, although they do not establish wrongdoing. Pomerantz Investor Alert

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Truist Financial cut shares of DICK’S Sporting Goods from a “buy” rating to a “hold” rating and lowered their price target for the company from $270.00 to $135.00 in a report on Wednesday, August 26th. UBS Group reduced their price objective on DICK’S Sporting Goods from $275.00 to $178.00 and set a “buy” rating for the company in a report on Thursday, August 27th. Weiss Ratings downgraded DICK’S Sporting Goods from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 5th. Jefferies Financial Group set a $171.00 target price on DICK’S Sporting Goods in a research note on Tuesday, August 25th. Finally, Bank of America dropped their price target on DICK’S Sporting Goods from $245.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, August 26th. Twelve investment 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 company has an average rating of “Moderate Buy” and an average target price of $170.22.

DICK’S Sporting Goods Stock Down 1.5%

NYSE DKS opened at $133.06 on Wednesday. The company has a market cap of $11.91 billion, a price-to-earnings ratio of 14.29, a PEG ratio of 1.43 and a beta of 1.12. 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 current ratio of 1.49, a quick ratio of 0.36 and a debt-to-equity ratio of 0.33. The company has a 50 day moving average of $201.13 and a 200-day moving average of $208.14.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results 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). The company had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.64 billion. DICK’S Sporting Goods had a net margin of 3.97% and a return on equity of 19.21%. The firm’s revenue for the quarter was up 53.2% compared to the same quarter last year. During the same period last year, the firm earned $4.38 EPS. DICK’S Sporting Goods has set its FY 2026 guidance at 11.000-12.000 EPS. On average, equities research analysts expect 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 company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, September 11th. DICK’S Sporting Goods’s dividend payout ratio is 53.71%.

Insider Activity

In other 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 shares were acquired at an average price of $128.69 per share, for a total transaction of $514,760.00. Following the transaction, the director owned 10,886 shares of the company’s stock, valued at approximately $1,400,919.34. The trade was a 58.09% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Mark J. Barrenechea acquired 17,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The stock was purchased at an average cost of $130.72 per share, for a total transaction 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. The trade was a 189.37% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders purchased 28,650 shares of company stock worth $3,722,280. Insiders own 28.91% of the company’s stock.

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.