Hsbc Holdings PLC Purchases Shares of 45,241 DICK’S Sporting Goods, Inc. $DKS

Hsbc Holdings PLC purchased a new stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 45,241 shares of the sporting goods retailer’s stock, valued at approximately $10,271,000. Hsbc Holdings PLC owned approximately 0.05% of DICK’S Sporting Goods at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DKS. Brown Advisory Inc. raised its position in shares of DICK’S Sporting Goods by 9.6% in the second quarter. Brown Advisory Inc. now owns 1,143 shares of the sporting goods retailer’s stock worth $226,000 after buying an additional 100 shares in the last quarter. Cerity Partners LLC boosted its stake in DICK’S Sporting Goods by 54.1% during the second quarter. Cerity Partners LLC now owns 1,600 shares of the sporting goods retailer’s stock valued at $316,000 after buying an additional 562 shares during the period. Bank of Nova Scotia purchased a new position in DICK’S Sporting Goods during the second quarter worth about $417,000. Daiwa Securities Group Inc. increased its stake in DICK’S Sporting Goods by 9.8% in the 2nd quarter. Daiwa Securities Group Inc. now owns 5,974 shares of the sporting goods retailer’s stock worth $1,182,000 after acquiring an additional 531 shares during the last quarter. Finally, NewEdge Advisors LLC increased its stake in DICK’S Sporting Goods by 4.4% in the 2nd quarter. NewEdge Advisors LLC now owns 2,951 shares of the sporting goods retailer’s stock worth $584,000 after acquiring an additional 124 shares during the last quarter. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Up 2.5%

DKS opened at $135.09 on Friday. The business’s fifty day simple moving average is $205.27 and its 200 day simple moving average is $209.05. 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 stock has a market cap of $12.09 billion, a PE ratio of 14.51, a P/E/G ratio of 1.39 and a beta of 1.21.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Tuesday, August 25th. The sporting goods retailer reported $3.53 earnings per share (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 firm had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.64 billion. During the same period last year, the firm earned $4.38 EPS. The company’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, research analysts expect that DICK’S Sporting Goods, Inc. will post 11.75 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be given a $1.25 dividend. 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%.

Insider Transactions at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, Director Sandeep Mathrani purchased 1,550 shares of DICK’S Sporting Goods stock in a transaction on Wednesday, August 26th. The shares were acquired at an average cost of $128.89 per share, for a total transaction of $199,779.50. Following the completion of the transaction, the director directly owned 11,136 shares of the company’s stock, valued at approximately $1,435,319.04. The trade was a 16.17% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Robert W. Eddy purchased 4,000 shares of the firm’s stock in a transaction on Wednesday, August 26th. The shares were acquired at an average cost of $128.69 per share, for a total transaction of $514,760.00. Following the completion of the purchase, the director directly owned 10,886 shares of the company’s stock, valued at approximately $1,400,919.34. This represents a 58.09% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have purchased 28,650 shares of company stock worth $3,722,280. 28.91% of the stock is owned by corporate insiders.

More DICK’S Sporting Goods News

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on DKS shares. BTIG Research dropped their price target on DICK’S Sporting Goods from $300.00 to $180.00 and set a “buy” rating for the company in a research report on Wednesday. The Goldman Sachs Group decreased their price objective on shares of DICK’S Sporting Goods from $271.00 to $170.00 and set a “buy” rating on the stock in a research report on Wednesday. Wells Fargo & Company decreased their price objective on shares of DICK’S Sporting Goods from $240.00 to $185.00 and set an “overweight” rating on the stock in a research report on Tuesday. DA Davidson lowered their target price on shares of DICK’S Sporting Goods from $260.00 to $205.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, 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. Twelve analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, DICK’S Sporting Goods presently has a consensus rating of “Moderate Buy” and a consensus target price of $170.22.

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.