200,000 Shares in DICK’S Sporting Goods, Inc. $DKS Bought by Senator Investment Group LP

Senator Investment Group LP bought 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 SEC. The institutional investor bought 200,000 shares of the sporting goods retailer’s stock, valued at approximately $45,362,000. DICK’S Sporting Goods makes up about 1.7% of Senator Investment Group LP’s investment portfolio, making the stock its 26th largest holding. Senator Investment Group LP owned 0.22% of DICK’S Sporting Goods at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of DKS. BlackRock Inc. bought a new stake in shares of DICK’S Sporting Goods during the second quarter worth about $1,501,321,000. Bank of America Corp DE bought a new position in DICK’S Sporting Goods in the 2nd quarter valued at approximately $1,024,000,000. Viking Global Investors LP bought a new position in DICK’S Sporting Goods in the 4th quarter valued at approximately $509,371,000. Norges Bank acquired a new stake in DICK’S Sporting Goods during the 4th quarter worth approximately $192,639,000. Finally, Atreides Management LP acquired a new stake in DICK’S Sporting Goods during the 2nd quarter worth approximately $172,715,000. 89.83% of the stock is currently owned by institutional investors.

DICK’S Sporting Goods Price Performance

DICK’S Sporting Goods stock opened at $135.09 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.36 and a current ratio of 1.49. DICK’S Sporting Goods, Inc. has a 52-week low of $120.40 and a 52-week high of $244.38. The firm has a 50 day moving average price of $205.27 and a two-hundred day moving average price of $209.10. The firm has a market cap of $12.09 billion, a price-to-earnings ratio of 14.51, a PEG ratio of 1.43 and a beta of 1.21.

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 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 firm had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.64 billion. During the same period in the prior year, the company posted $4.38 earnings per share. The company’s revenue for the quarter was up 53.2% compared to the same quarter last year. DICK’S Sporting Goods has set its FY 2026 guidance at 11.000-12.000 EPS. Equities analysts predict that DICK’S Sporting Goods, Inc. will post 11.72 EPS for the current 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 dividend of $1.25 per share. 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 dividend payout ratio (DPR) is presently 53.71%.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, Director Sandeep Mathrani acquired 1,550 shares of the company’s stock in a transaction dated Wednesday, August 26th. The shares were bought at an average cost of $128.89 per share, with a total value of $199,779.50. Following the purchase, the director directly owned 11,136 shares of the company’s stock, valued at $1,435,319.04. This trade represents a 16.17% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert W. Eddy bought 4,000 shares of the business’s 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 in the company, valued at $1,400,919.34. This represents a 58.09% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders bought 28,650 shares of company stock valued at $3,722,280. Insiders own 28.91% of the company’s stock.

More DICK’S Sporting Goods News

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on DKS. KGI Securities cut shares of DICK’S Sporting Goods from an “outperform” rating to a “neutral” rating and set a $135.10 price target for the company. in a research report on Wednesday. Wells Fargo & Company reduced their price objective on shares of DICK’S Sporting Goods from $240.00 to $185.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 25th. BTIG Research decreased their price objective on DICK’S Sporting Goods from $300.00 to $180.00 and set a “buy” rating for the company in a report on Wednesday, August 26th. The Goldman Sachs Group lowered their target price on DICK’S Sporting Goods from $271.00 to $170.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Guggenheim reaffirmed a “neutral” rating on shares of DICK’S Sporting Goods in a report on Wednesday. Twelve 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $170.22.

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.