Traders Buy Large Volume of DICK’S Sporting Goods Put Options (NYSE:DKS)

DICK’S Sporting Goods, Inc. (NYSE:DKS) was the target of some unusual options trading on Monday. Stock investors acquired 10,988 put options on the company. This represents an increase of approximately 58% compared to the average volume of 6,943 put options.

DICK’S Sporting Goods Stock Up 1.8%

DKS stock traded up $2.14 during trading hours on Monday, hitting $123.29. The company’s stock had a trading volume of 782,409 shares, compared to its average volume of 1,756,981. 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 company has a market capitalization of $10.96 billion, a PE ratio of 13.25, a price-to-earnings-growth ratio of 2.29 and a beta of 1.11. DICK’S Sporting Goods has a 12 month low of $120.15 and a 12 month high of $244.38. The stock has a 50 day moving average price of $175.83 and a two-hundred day moving average price of $201.34.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly 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 quarter in the prior year, the business posted $4.38 EPS. The firm’s revenue for the quarter 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. On average, equities research analysts expect that DICK’S Sporting Goods will post 11.7 earnings per share for the current year.

DICK’S Sporting Goods Dividend Announcement

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

Insiders Place Their Bets

In other DICK’S Sporting Goods news, Director Sandeep Mathrani acquired 1,550 shares of DICK’S Sporting Goods stock in a transaction that occurred on Wednesday, August 26th. The stock was purchased at an average cost of $128.89 per share, with a total value of $199,779.50. Following the purchase, the director owned 11,136 shares in the company, valued at approximately $1,435,319.04. The trade was a 16.17% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mark Barrenechea acquired 17,000 shares of the firm’s stock in a transaction on Thursday, August 27th. The shares were acquired at an average price of $130.72 per share, with a total value of $2,222,240.00. Following the completion of the transaction, the director directly owned 25,977 shares in the company, valued at approximately $3,395,713.44. This trade represents a 189.37% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 29,563 shares of company stock valued at $3,843,882 over the last ninety days. Corporate insiders own 28.91% of the company’s stock.

Hedge Funds Weigh In On DICK’S Sporting Goods

A number of institutional investors have recently made changes to their positions in DKS. Tidal Investments LLC increased its position in DICK’S Sporting Goods by 1,429.8% in the 2nd 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 period. National Pension Service acquired a new stake in DICK’S Sporting Goods during the second quarter worth about $740,000. Darsana Capital Partners LP grew 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 worth $340,215,000 after buying an additional 125,000 shares in the last quarter. WINTON GROUP Ltd increased its stake in DICK’S Sporting Goods by 1,573.8% during the second quarter. WINTON GROUP Ltd now owns 55,167 shares of the sporting goods retailer’s stock valued at $12,512,000 after acquiring an additional 51,871 shares during the period. Finally, Cidel Asset Management Inc. bought a new position in DICK’S Sporting Goods during the second quarter valued at about $205,000. 89.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on DKS shares. Robert W. Baird downgraded shares of DICK’S Sporting Goods from an “outperform” rating to a “neutral” rating and set a $150.00 price objective on the stock. in a research report on Monday, September 14th. Citigroup cut their target price on shares of DICK’S Sporting Goods from $280.00 to $190.00 and set a “buy” rating for the company in a research report on Thursday, August 27th. 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 research note on Wednesday, August 26th. Loop Capital restated a “hold” rating and set a $140.00 price target on shares of DICK’S Sporting Goods in a report on Tuesday, August 25th. Finally, BTIG Research dropped their price target on shares of DICK’S Sporting Goods from $300.00 to $180.00 and set a “buy” rating on the stock in a research note on Wednesday, August 26th. Eleven research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $167.20.

DICK’S Sporting Goods Company Profile

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.