Robert Eddy Buys 4,000 Shares of DICK’S Sporting Goods (NYSE:DKS) Stock

DICK’S Sporting Goods, Inc. (NYSE:DKS) Director Robert Eddy purchased 4,000 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were acquired at an average cost of $128.69 per share, with a total value of $514,760.00. Following the completion of the transaction, the director owned 10,886 shares in the company, valued at $1,400,919.34. This trade represents a 58.09% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

DICK’S Sporting Goods Trading Up 2.5%

NYSE:DKS opened at $135.09 on Friday. The firm has a market capitalization of $12.09 billion, a P/E ratio of 14.51, a PEG ratio of 1.43 and a beta of 1.21. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 0.38. DICK’S Sporting Goods, Inc. has a one year low of $120.40 and a one year high of $244.38. The company’s 50-day simple moving average is $205.27 and its 200 day simple moving average is $209.05.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Tuesday, August 25th. The sporting goods retailer reported $3.53 earnings per share 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 for the quarter, compared to the consensus estimate of $5.64 billion. During the same period in the prior year, the business posted $4.38 EPS. DICK’S Sporting Goods’s revenue for the quarter was up 53.2% on a year-over-year basis. DICK’S Sporting Goods has set its FY 2026 guidance at 11.000-12.000 EPS. As a group, analysts forecast that DICK’S Sporting Goods, Inc. will post 11.72 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a dividend of $1.25 per share. The ex-dividend date is Friday, September 11th. This represents a $5.00 dividend on an annualized basis and a yield of 3.7%. DICK’S Sporting Goods’s payout ratio is presently 53.71%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DKS. Loop Capital reissued a “hold” rating and issued a $140.00 target price on shares of DICK’S Sporting Goods in a research note on Tuesday. JPMorgan Chase & Co. cut 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 report on Monday, August 24th. Citigroup reduced their price objective on shares of DICK’S Sporting Goods from $280.00 to $190.00 and set a “buy” rating for the company in a research note on Thursday. Morgan Stanley decreased their target price on shares of DICK’S Sporting Goods from $270.00 to $180.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Bank of America dropped their target price on shares of DICK’S Sporting Goods from $245.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday. Twelve analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $170.22.

Key Headlines Impacting DICK’S Sporting Goods

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

Hedge Funds Weigh In On DICK’S Sporting Goods

Several hedge funds and other institutional investors have recently modified their holdings of DKS. Harbor Investment Advisory LLC purchased a new position in shares of DICK’S Sporting Goods in the 1st quarter worth $30,000. Laurel Wealth Advisors LLC purchased a new stake in DICK’S Sporting Goods during the fourth quarter valued at $34,000. Elyxium Wealth LLC purchased a new stake in DICK’S Sporting Goods during the fourth quarter valued at $35,000. SHP Wealth Management bought a new position in DICK’S Sporting Goods in the fourth quarter valued at about $38,000. Finally, Torren Management LLC bought a new position in DICK’S Sporting Goods in the fourth quarter valued at about $41,000. 89.83% of the stock is owned by institutional investors.

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.