DICK'S Sporting Goods, Inc. (NYSE:DKS - Get Free Report) Director William Colombo bought 1,100 shares of the business's stock in a transaction on Thursday, August 27th. The stock was bought at an average price of $129.00 per share, for a total transaction of $141,900.00. Following the transaction, the director directly owned 180,087 shares of the company's stock, valued at approximately $23,231,223. This represents a 0.61% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.
DICK'S Sporting Goods Stock Up 2.5%
Shares of NYSE:DKS opened at $135.09 on Friday. DICK'S Sporting Goods, Inc. has a 52-week low of $120.40 and a 52-week high of $244.38. The company has a market capitalization of $12.09 billion, a PE ratio of 14.51, a price-to-earnings-growth ratio of 1.39 and a beta of 1.21. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.38 and a current ratio of 1.49. The company has a fifty day moving average of $205.27 and a 200-day moving average of $209.05.
DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its earnings results 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). 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%.DICK'S Sporting Goods's revenue for the quarter was up 53.2% on a year-over-year basis. During the same period in the previous year, the company earned $4.38 EPS. DICK'S Sporting Goods has set its FY 2026 guidance at 11.000-12.000 EPS. On average, equities analysts predict that DICK'S Sporting Goods, Inc. will post 11.75 EPS for the current fiscal year.
DICK'S Sporting Goods Dividend Announcement
The firm also recently announced 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 of this dividend is Friday, September 11th. DICK'S Sporting Goods's payout ratio is presently 53.71%.
Hedge Funds Weigh In On DICK'S Sporting Goods
A number of institutional investors and hedge funds have recently modified their holdings of DKS. Harbor Investment Advisory LLC bought a new stake in shares of DICK'S Sporting Goods in the 1st quarter valued at $30,000. Laurel Wealth Advisors LLC bought a new position in DICK'S Sporting Goods during the fourth quarter worth $34,000. Elyxium Wealth LLC bought a new position in DICK'S Sporting Goods during the fourth quarter worth $35,000. SHP Wealth Management acquired a new stake in DICK'S Sporting Goods in the fourth quarter worth $38,000. Finally, Torren Management LLC acquired a new stake in DICK'S Sporting Goods in the fourth quarter worth $41,000. 89.83% of the stock is currently owned by institutional investors.
DICK'S Sporting Goods News Summary
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 Analysts Forecast Growth
Several analysts recently weighed in on DKS shares. JPMorgan Chase & Co. reduced their price objective on shares of DICK'S Sporting Goods from $270.00 to $245.00 and set an "overweight" rating on the stock in a research note on Monday, August 24th. Oppenheimer cut their target price on DICK'S Sporting Goods from $270.00 to $150.00 and set an "outperform" rating on the stock in a report on Wednesday. Citigroup reduced their price target on DICK'S Sporting Goods from $280.00 to $190.00 and set a "buy" rating on the stock in a research report on Thursday. Jefferies Financial Group set a $171.00 price target on DICK'S Sporting Goods in a research note on Tuesday. Finally, BNP Paribas Exane restated an "underperform" rating and set a $99.00 price objective on shares of DICK'S Sporting Goods in a research report on Wednesday. Twelve research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, DICK'S Sporting Goods currently has an average rating of "Moderate Buy" and a consensus target price of $170.22.
Check Out Our Latest Stock Report on DICK'S Sporting Goods
About DICK'S Sporting Goods
(
Get Free Report)
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.
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