Glenview Trust Co Makes New Investment in DICK’S Sporting Goods, Inc. $DKS

Glenview Trust Co bought a new position in DICK’S Sporting Goods, Inc. (NYSE:DKS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 6,001 shares of the sporting goods retailer’s stock, valued at approximately $1,361,000.

A number of other institutional investors have also modified their holdings of DKS. Harbor Investment Advisory LLC bought a new stake in DICK’S Sporting Goods in the first quarter valued at about $30,000. Laurel Wealth Advisors LLC bought a new position in DICK’S Sporting Goods during the 4th quarter worth approximately $34,000. Elyxium Wealth LLC bought a new position in DICK’S Sporting Goods during the 4th quarter worth approximately $35,000. SHP Wealth Management acquired a new position in shares of DICK’S Sporting Goods in the 4th quarter worth approximately $38,000. Finally, Torren Management LLC acquired a new position in shares of DICK’S Sporting Goods in the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Insider Buying and Selling at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, Director Mark J. Barrenechea bought 17,000 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The shares were acquired at an average cost of $130.72 per share, for a total transaction of $2,222,240.00. Following the acquisition, the director directly owned 25,977 shares of the company’s stock, valued at $3,395,713.44. This trade represents a 189.37% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Sandeep Mathrani bought 1,550 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The shares were acquired at an average cost of $128.89 per share, with a total value of $199,779.50. Following the completion of the purchase, the director owned 11,136 shares of the company’s stock, valued at approximately $1,435,319.04. The trade was a 16.17% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have purchased 28,650 shares of company stock worth $3,722,280. Company insiders own 28.91% of the company’s stock.

Key Stories 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

Analyst Ratings Changes

Several equities research analysts recently issued reports on DKS shares. Robert W. Baird dropped their price target on DICK’S Sporting Goods from $264.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday. BNP Paribas Exane reaffirmed an “underperform” rating and issued a $99.00 price objective on shares of DICK’S Sporting Goods in a report on Wednesday. Morgan Stanley lowered their target price on shares of DICK’S Sporting Goods from $270.00 to $180.00 and set an “overweight” rating for the company in a research note on Wednesday. Bank of America dropped their target price on shares of DICK’S Sporting Goods from $245.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Weiss Ratings downgraded shares of DICK’S Sporting Goods from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 5th. Twelve investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $170.22.

DICK’S Sporting Goods Stock Performance

DKS stock opened at $135.09 on Friday. DICK’S Sporting Goods, Inc. has a fifty-two week low of $120.40 and a fifty-two week high of $244.38. The company has a quick ratio of 0.38, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $12.09 billion, a P/E ratio of 14.51, a PEG ratio of 1.39 and a beta of 1.21. The company has a 50-day simple moving average of $205.27 and a 200 day simple moving average of $209.05.

DICK’S Sporting Goods (NYSE:DKS) last released its 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 firm had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.64 billion. DICK’S Sporting Goods had a return on equity of 19.21% and a net margin of 3.97%.The business’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. Sell-side analysts predict that DICK’S Sporting Goods, Inc. will post 11.75 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 issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis 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 is presently 53.71%.

DICK’S Sporting Goods 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.