Connor Clark & Lunn Investment Management Ltd. Invests $18.45 Million in DICK’S Sporting Goods, Inc. $DKS

Connor Clark & Lunn Investment Management Ltd. acquired a new position in DICK’S Sporting Goods, Inc. (NYSE:DKS) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 81,339 shares of the sporting goods retailer’s stock, valued at approximately $18,448,000.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in DICK’S Sporting Goods in the 2nd quarter valued at approximately $1,501,321,000. Viking Global Investors LP acquired a new position in DICK’S Sporting Goods during the 4th quarter worth $509,371,000. Norges Bank acquired a new position in DICK’S Sporting Goods during the 4th quarter worth $192,639,000. Atreides Management LP bought a new position in shares of DICK’S Sporting Goods in the second quarter worth $172,715,000. Finally, Bank of New York Mellon Corp bought a new position in shares of DICK’S Sporting Goods in the second quarter worth $128,943,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

DICK’S Sporting Goods Stock Performance

DKS opened at $124.31 on Wednesday. The business has a 50 day moving average price of $211.11 and a two-hundred day moving average price of $210.64. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.50 and a quick ratio of 0.38. The company has a market capitalization of $11.13 billion, a price-to-earnings ratio of 11.82, a price-to-earnings-growth ratio of 1.56 and a beta of 1.21. DICK’S Sporting Goods, Inc. has a 1-year low of $124.00 and a 1-year high of $244.38.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Tuesday, August 25th. The sporting goods retailer reported $3.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.75 by ($0.22). DICK’S Sporting Goods had a net margin of 4.71% and a return on equity of 22.22%. The firm had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.64 billion. During the same quarter last year, the business posted $4.38 earnings per share. The firm’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. Research analysts predict that DICK’S Sporting Goods, Inc. will post 14.24 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors 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 4.0%. The ex-dividend date of this dividend is Friday, September 11th. DICK’S Sporting Goods’s payout ratio is presently 47.53%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DKS. Wells Fargo & Company set a $185.00 price target on DICK’S Sporting Goods and gave the company an “overweight” rating in a report on Tuesday. BTIG Research reaffirmed a “buy” rating and issued a $300.00 price objective on shares of DICK’S Sporting Goods in a report on Thursday, May 28th. Telsey Advisory Group increased their target price on shares of DICK’S Sporting Goods from $240.00 to $255.00 and gave the company an “outperform” rating in a research report on Wednesday, May 20th. Morgan Stanley raised their target price on shares of DICK’S Sporting Goods from $250.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Finally, Loop Capital reissued a “hold” rating and set a $140.00 target price on shares of DICK’S Sporting Goods in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, DICK’S Sporting Goods currently has a consensus rating of “Moderate Buy” and a consensus target price of $243.65.

Key Stories Impacting DICK’S Sporting Goods

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

• Positive Sentiment: The core DICK’S business delivered 4.9% comparable-sales growth, supported by broad-based category gains, higher transactions and average ticket, and strong FIFA World Cup-related demand. Management maintained its core-business comparable-sales outlook of 2.5% to 4.0% growth. DICK’S Sporting Goods Second Quarter Results
• Positive Sentiment: The company declared a quarterly dividend of $1.25 per share, payable September 25 to shareholders of record September 11. The dividend provides ongoing shareholder support following the selloff.
• Positive Sentiment: CNBC’s Jim Cramer argued that investors should not abandon DKS, saying the core business remains relatively strong and that the decline could create a more attractive long-term entry point if Foot Locker stabilizes. Jim Cramer’s Advice on DICK’S Sporting Goods

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.