6,596 Shares in DICK’S Sporting Goods, Inc. $DKS Purchased by Korea Investment CORP

Korea Investment CORP acquired a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) in the 2nd quarter, HoldingsChannel reports. The firm acquired 6,596 shares of the sporting goods retailer’s stock, valued at approximately $1,496,000.

A number of other hedge funds have also made changes to their positions in the company. Jacobi Capital Management LLC boosted its stake in shares of DICK’S Sporting Goods by 4.5% in the fourth quarter. Jacobi Capital Management LLC now owns 1,189 shares of the sporting goods retailer’s stock worth $235,000 after acquiring an additional 51 shares during the last quarter. Lido Advisors LLC raised its stake in DICK’S Sporting Goods by 3.9% in the 3rd quarter. Lido Advisors LLC now owns 1,358 shares of the sporting goods retailer’s stock valued at $302,000 after purchasing an additional 51 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its stake in DICK’S Sporting Goods by 2.4% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,284 shares of the sporting goods retailer’s stock valued at $453,000 after purchasing an additional 54 shares during the last quarter. PCB Capital LLC lifted its holdings in DICK’S Sporting Goods by 1.5% in the 1st quarter. PCB Capital LLC now owns 3,607 shares of the sporting goods retailer’s stock valued at $715,000 after purchasing an additional 55 shares in the last quarter. Finally, Parallel Advisors LLC lifted its holdings in DICK’S Sporting Goods by 5.9% in the 4th quarter. Parallel Advisors LLC now owns 980 shares of the sporting goods retailer’s stock valued at $194,000 after purchasing an additional 55 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

DICK’S Sporting Goods Trading Down 30.7%

Shares of DKS stock opened at $124.31 on Wednesday. The company has a current ratio of 1.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.34. DICK’S Sporting Goods, Inc. has a twelve month low of $124.00 and a twelve month high of $244.38. The company’s 50-day moving average price is $211.11 and its 200-day moving average price is $210.64. The stock has a market cap of $11.13 billion, a price-to-earnings ratio of 11.82, a PEG ratio of 1.56 and a beta of 1.21.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Tuesday, August 25th. The sporting goods retailer reported $3.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.75 by ($0.22). The firm had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.64 billion. DICK’S Sporting Goods had a return on equity of 22.22% and a net margin of 4.71%.DICK’S Sporting Goods’s revenue for the quarter was up 53.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.38 earnings per share. DICK’S Sporting Goods has set its FY 2026 guidance at 11.000-12.000 EPS. As a group, equities analysts predict that DICK’S Sporting Goods, Inc. will post 14.24 earnings per share for the current year.

DICK’S Sporting Goods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, September 11th. DICK’S Sporting Goods’s payout ratio is presently 47.53%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DKS. Telsey Advisory Group upped their target price on shares of DICK’S Sporting Goods from $240.00 to $255.00 and gave the stock an “outperform” rating in a report on Wednesday, May 20th. Barclays raised their price target on shares of DICK’S Sporting Goods from $264.00 to $280.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Weiss Ratings lowered shares of DICK’S Sporting Goods from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 5th. Wells Fargo & Company set a $185.00 price objective on shares of DICK’S Sporting Goods and gave the company an “overweight” rating in a research note on Tuesday. Finally, BTIG Research reissued a “buy” rating and issued a $300.00 target price on shares of DICK’S Sporting Goods in a research note on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $243.65.

More DICK’S Sporting Goods News

Here are the key news stories impacting DICK’S Sporting Goods this week:

• Positive Sentiment: The core DICK’S business delivered 4.9% comparable-sales growth, supported by broad-based category gains, higher transactions and average ticket, and strong FIFA World Cup-related demand. Management maintained its core-business comparable-sales outlook of 2.5% to 4.0% growth. DICK’S Sporting Goods Second Quarter Results
• Positive Sentiment: The company declared a quarterly dividend of $1.25 per share, payable September 25 to shareholders of record September 11. The dividend provides ongoing shareholder support following the selloff.
• Positive Sentiment: CNBC’s Jim Cramer argued that investors should not abandon DKS, saying the core business remains relatively strong and that the decline could create a more attractive long-term entry point if Foot Locker stabilizes. Jim Cramer’s Advice on DICK’S Sporting Goods

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.