DICK’S Sporting Goods, Inc. $DKS Shares Purchased by Retirement Systems of Alabama

Retirement Systems of Alabama raised its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 67.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 144,817 shares of the sporting goods retailer’s stock after purchasing an additional 58,194 shares during the quarter. Retirement Systems of Alabama’s holdings in DICK’S Sporting Goods were worth $19,447,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in shares of DICK’S Sporting Goods during the 2nd quarter valued at $1,501,321,000. Bank of America Corp DE acquired a new stake in shares of DICK’S Sporting Goods during the 2nd quarter worth $1,024,000,000. Darsana Capital Partners LP increased its holdings in shares of DICK’S Sporting Goods by 9.1% during the 2nd quarter. Darsana Capital Partners LP now owns 1,500,000 shares of the sporting goods retailer’s stock worth $340,215,000 after buying an additional 125,000 shares during the last quarter. Maverick Capital Ltd. increased its holdings in shares of DICK’S Sporting Goods by 25.3% during the 1st quarter. Maverick Capital Ltd. now owns 1,044,903 shares of the sporting goods retailer’s stock worth $207,194,000 after buying an additional 210,654 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of DICK’S Sporting Goods in the 2nd quarter worth $128,943,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Analyst Ratings Changes

DKS has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reduced their target price on DICK’S Sporting Goods from $270.00 to $245.00 and set an “overweight” rating on the stock in a report on Monday, August 24th. Wells Fargo & Company lowered their price target on DICK’S Sporting Goods from $240.00 to $185.00 and set an “overweight” rating for the company in a research report on Tuesday, August 25th. DA Davidson dropped their price target on DICK’S Sporting Goods from $260.00 to $205.00 and set a “buy” rating for the company in a research note on Wednesday, August 26th. Wall Street Zen upgraded DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a report on Saturday, October 17th. Finally, Guggenheim restated a “neutral” rating on shares of DICK’S Sporting Goods in a report on Wednesday, September 30th. Twelve research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $166.55.

DICK’S Sporting Goods Stock Performance

Shares of DKS stock opened at $149.51 on Thursday. The company’s fifty day simple moving average is $137.25 and its 200-day simple moving average is $189.92. DICK’S Sporting Goods, Inc. has a 52 week low of $120.15 and a 52 week 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 market cap of $13.30 billion, a PE ratio of 16.06, a P/E/G ratio of 2.84 and a beta of 1.09.

DICK’S Sporting Goods (NYSE:DKS) last posted its earnings results on Tuesday, August 25th. The sporting goods retailer reported $3.53 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.64 billion. During the same quarter in the previous year, the firm posted $4.38 EPS. The business’s revenue 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. As a group, equities research analysts anticipate that DICK’S Sporting Goods, Inc. will post 11.68 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were given a $1.25 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a $5.00 annualized dividend and a yield of 3.3%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 53.71%.

Insider Activity at DICK’S Sporting Goods

In related news, insider Matthew Barnes bought 3,665 shares of the stock in a transaction dated Wednesday, September 30th. The stock was acquired at an average price of $136.39 per share, for a total transaction of $499,869.35. Following the completion of the purchase, the insider owned 11,965 shares in the company, valued at $1,631,906.35. This represents a 44.16% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William J. Colombo bought 5,000 shares of the stock in a transaction dated Wednesday, August 26th. The stock was bought at an average price of $128.72 per share, with a total value of $643,600.00. Following the purchase, the director owned 178,987 shares of the company’s stock, valued at approximately $23,039,206.64. This represents a 2.87% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 42,795 shares of company stock valued at $5,588,641 over the last 90 days. Corporate insiders own 28.91% of the company’s stock.

DICK’S Sporting Goods Company Profile

DICK’S Sporting Goods, Inc. is a U.S. sporting goods retailer that sells equipment, apparel, footwear and accessories for a range of sports and outdoor activities. Customers can shop through its stores and e-commerce platforms, and the company also offers services such as golf club fitting and equipment repair at select locations. The company operates under several retail banners, including DICK’S Sporting Goods, Golf Galaxy, Public Lands and Going Going Gone!, as well as experiential DICK’S House of Sport locations.