Pictet Asset Management Holding SA Buys 4,072 Shares of DICK’S Sporting Goods, Inc. $DKS

Pictet Asset Management Holding SA increased its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 12.0% in the 3rd quarter, Holdings Channel reports. The firm owned 37,947 shares of the sporting goods retailer’s stock after purchasing an additional 4,072 shares during the period. Pictet Asset Management Holding SA’s holdings in DICK’S Sporting Goods were worth $5,096,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in DKS. Heritage Family Offices LLP acquired a new position in DICK’S Sporting Goods during the third quarter valued at approximately $29,000. Pinnacle Wealth Planning Services Inc. raised its position in shares of DICK’S Sporting Goods by 241.2% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 290 shares of the sporting goods retailer’s stock valued at $39,000 after purchasing an additional 205 shares during the period. Versant Capital Management Inc lifted its stake in shares of DICK’S Sporting Goods by 34.3% in the third quarter. Versant Capital Management Inc now owns 333 shares of the sporting goods retailer’s stock worth $45,000 after buying an additional 85 shares during the last quarter. Ancora Advisors LLC acquired a new stake in shares of DICK’S Sporting Goods in the second quarter worth $83,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of DICK’S Sporting Goods during the 2nd quarter worth $91,000. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Performance

DKS traded up $3.78 during trading on Friday, reaching $149.44. 1,378,411 shares of the company’s stock were exchanged, compared to its average volume of 2,277,389. DICK’S Sporting Goods, Inc. has a fifty-two week low of $120.15 and a fifty-two week high of $244.38. The company has a quick ratio of 0.36, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. The business has a 50 day moving average price of $137.61 and a 200 day moving average price of $189.35. The company has a market capitalization of $13.29 billion, a P/E ratio of 16.05, a PEG ratio of 2.77 and a beta of 1.09.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Tuesday, August 25th. The sporting goods retailer reported $3.53 earnings per share (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 business had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.64 billion. During the same quarter in the prior year, the company posted $4.38 EPS. The company’s quarterly 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, analysts predict that DICK’S Sporting Goods, Inc. will post 11.67 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were paid a $1.25 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a $5.00 dividend on an annualized basis and a yield of 3.3%. DICK’S Sporting Goods’s payout ratio is presently 53.71%.

Wall Street Analysts Forecast Growth

DKS has been the topic of a number of research analyst reports. KGI Securities lowered shares of DICK’S Sporting Goods from an “outperform” rating to a “neutral” rating and set a $135.10 target price on the stock. in a research note on Wednesday, August 26th. BNP Paribas Exane reiterated an “underperform” rating on shares of DICK’S Sporting Goods in a report on Tuesday, October 27th. Barclays cut their target price on shares of DICK’S Sporting Goods from $280.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, August 26th. Jefferies Financial Group set a $171.00 price target on shares of DICK’S Sporting Goods in a report on Tuesday, August 25th. Finally, Weiss Ratings downgraded DICK’S Sporting Goods from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, September 16th. Twelve research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, DICK’S Sporting Goods presently has an average rating of “Hold” and a consensus price target of $167.00.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, Director William J. Colombo purchased 913 shares of the business’s stock in a transaction on Tuesday, September 1st. The stock was purchased at an average price of $133.19 per share, for a total transaction of $121,602.47. Following the completion of the purchase, the director directly owned 181,000 shares in the company, valued at approximately $24,107,390. This trade represents a 0.51% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark J. Barrenechea acquired 17,000 shares of the firm’s stock in a transaction on Thursday, August 27th. The shares were bought at an average cost of $130.72 per share, for a total transaction of $2,222,240.00. Following the completion of the acquisition, the director directly owned 25,977 shares of the company’s stock, valued at approximately $3,395,713.44. This represents a 189.37% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 42,795 shares of company stock valued at $5,588,641 over the last 90 days. Company 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.