The Manufacturers Life Insurance Company Takes Position in DICK’S Sporting Goods, Inc. $DKS

The Manufacturers Life Insurance Company acquired a new position in DICK’S Sporting Goods, Inc. (NYSE:DKS) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 50,552 shares of the sporting goods retailer’s stock, valued at approximately $11,466,000.

A number of other institutional investors also recently bought and sold shares of the company. Manning & Napier Advisors LLC purchased a new position in DICK’S Sporting Goods in the second quarter worth about $731,000. Visionary Wealth Advisors purchased a new position in shares of DICK’S Sporting Goods in the second quarter worth approximately $212,000. D.B. Root & Company LLC bought a new stake in DICK’S Sporting Goods during the second quarter valued at approximately $6,114,000. Cibc World Market Inc. bought a new stake in DICK’S Sporting Goods during the second quarter valued at approximately $1,155,000. Finally, OMERS ADMINISTRATION Corp purchased a new stake in DICK’S Sporting Goods during the second quarter valued at approximately $745,000. Institutional investors own 89.83% of the company’s stock.

Insider Buying and Selling

In related news, Director William J. Colombo bought 1,100 shares of the business’s stock in a transaction dated Thursday, August 27th. The shares were purchased at an average price of $129.00 per share, with a total value of $141,900.00. Following the transaction, the director owned 180,087 shares in the company, valued at $23,231,223. This trade represents a 0.61% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mark J. Barrenechea purchased 17,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The shares were bought at an average price of $130.72 per share, for a total transaction of $2,222,240.00. Following the acquisition, the director directly owned 25,977 shares in the company, valued at $3,395,713.44. This trade represents a 189.37% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have acquired 28,650 shares of company stock valued at $3,722,280. 28.91% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

DKS has been the topic of several recent research reports. Citigroup decreased their price target on shares of DICK’S Sporting Goods from $280.00 to $190.00 and set a “buy” rating on the stock in a research report on Thursday. Telsey Advisory Group reiterated a “market perform” rating and set a $145.00 target price (down from $255.00) on shares of DICK’S Sporting Goods in a research report on Wednesday. Morgan Stanley decreased their target price on DICK’S Sporting Goods from $270.00 to $180.00 and set an “overweight” rating on the stock in a research note on Wednesday. KGI Securities downgraded DICK’S Sporting Goods from an “outperform” rating to a “neutral” rating and set a $135.10 price target for the company. in a research note on Wednesday. Finally, Guggenheim reaffirmed a “neutral” rating on shares of DICK’S Sporting Goods in a report on Wednesday. Twelve research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $170.22.

DICK’S Sporting Goods Price Performance

DICK’S Sporting Goods stock 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 quick ratio of 0.38, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. The firm’s fifty day moving average is $205.27 and its 200 day moving average is $209.05. The company has a market cap of $12.09 billion, a price-to-earnings ratio of 14.51, a PEG ratio of 1.43 and a beta of 1.21.

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 analysts’ consensus estimates of $3.74 by ($0.21). The business had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.64 billion. DICK’S Sporting Goods had a return on equity of 19.21% and a net margin of 3.97%.The business’s quarterly revenue was up 53.2% on a year-over-year basis. During the same quarter last year, the firm earned $4.38 earnings per share. DICK’S Sporting Goods has set its FY 2026 guidance at 11.000-12.000 EPS. Sell-side analysts forecast that DICK’S Sporting Goods, Inc. will post 11.72 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

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. This represents a $5.00 annualized dividend 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%.

Key Stories 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

DICK’S Sporting Goods Company Profile

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.