DICK’S Sporting Goods (NYSE:DKS) Hits New 12-Month Low – Time to Sell?

DICK’S Sporting Goods, Inc. (NYSE:DKS) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $120.16 and last traded at $120.98, with a volume of 213248 shares traded. The stock had previously closed at $121.15.

Wall Street Analyst Weigh In

Several research firms have commented on DKS. KGI Securities downgraded DICK’S Sporting Goods from an “outperform” rating to a “neutral” rating and set a $135.10 target price for the company. in a research report on Wednesday, August 26th. BMO Capital Markets initiated coverage on DICK’S Sporting Goods in a research note on Tuesday, September 8th. They issued an “underperform” rating and a $110.00 price objective for the company. JPMorgan Chase & Co. dropped their price objective on shares of DICK’S Sporting Goods from $270.00 to $245.00 and set an “overweight” rating for the company in a report on Monday, August 24th. BTIG Research dropped their price objective on shares of DICK’S Sporting Goods from $300.00 to $180.00 and set a “buy” rating for the company in a report on Wednesday, August 26th. Finally, Jefferies Financial Group set a $171.00 target price on shares of DICK’S Sporting Goods in a research report on Tuesday, August 25th. Eleven equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $167.20.

DICK’S Sporting Goods Stock Up 1.0%

The firm has a market capitalization of $10.89 billion, a price-to-earnings ratio of 13.15, a P/E/G ratio of 2.29 and a beta of 1.11. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 0.36. The stock has a fifty day moving average of $175.83 and a two-hundred day moving average of $201.34.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Tuesday, August 25th. The sporting goods retailer reported $3.53 EPS for the quarter, missing the consensus estimate of $3.74 by ($0.21). DICK’S Sporting Goods had a return on equity of 19.21% and a net margin of 3.97%.The company had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.64 billion. During the same period in the previous year, the firm posted $4.38 earnings per share. The firm’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. Sell-side analysts anticipate that DICK’S Sporting Goods, Inc. will post 11.7 earnings per share for the current year.

DICK’S Sporting Goods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, September 11th. DICK’S Sporting Goods’s payout ratio is currently 53.71%.

Insider Buying and Selling

In other news, Director William J. Colombo purchased 5,000 shares of the stock in a transaction on Wednesday, August 26th. The stock was purchased at an average price of $128.72 per share, for a total transaction of $643,600.00. Following the acquisition, the director owned 178,987 shares in the company, valued at $23,039,206.64. This trade represents a 2.87% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert W. Eddy purchased 4,000 shares of the stock in a transaction on Wednesday, August 26th. The shares were purchased at an average price of $128.69 per share, with a total value of $514,760.00. Following the acquisition, the director owned 10,886 shares in the company, valued at approximately $1,400,919.34. The trade was a 58.09% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased 29,563 shares of company stock valued at $3,843,882 in the last ninety days. Insiders own 28.91% of the company’s stock.

Institutional Investors Weigh In On DICK’S Sporting Goods

Several large investors have recently modified their holdings of the company. Tidal Investments LLC raised its stake in DICK’S Sporting Goods by 1,429.8% during the second quarter. Tidal Investments LLC now owns 40,479 shares of the sporting goods retailer’s stock worth $9,181,000 after buying an additional 37,833 shares during the last quarter. National Pension Service bought a new stake in DICK’S Sporting Goods during the second quarter valued at $740,000. Darsana Capital Partners LP boosted its position in DICK’S Sporting Goods by 9.1% during the second quarter. Darsana Capital Partners LP now owns 1,500,000 shares of the sporting goods retailer’s stock valued at $340,215,000 after acquiring an additional 125,000 shares during the last quarter. WINTON GROUP Ltd grew its holdings in DICK’S Sporting Goods by 1,573.8% during the 2nd quarter. WINTON GROUP Ltd now owns 55,167 shares of the sporting goods retailer’s stock worth $12,512,000 after acquiring an additional 51,871 shares during the period. Finally, Cidel Asset Management Inc. acquired a new stake in DICK’S Sporting Goods during the 2nd quarter worth about $205,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

About DICK’S Sporting Goods

DICK’S Sporting Goods, Inc is a leading American sporting goods retailer that sells athletic equipment, apparel, footwear and accessories for a broad range of sports and outdoor activities. Its merchandise includes products for fitness, team sports, golf, running, hunting, fishing and camping, as well as casual and performance-oriented clothing and footwear.

The company operates through its DICK’S Sporting Goods stores and e-commerce platform, along with specialty and concept businesses including Golf Galaxy, Public Lands and House of Sport locations.