8,668 Shares in DICK’S Sporting Goods, Inc. $DKS Acquired by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP acquired a new position in DICK’S Sporting Goods, Inc. (NYSE:DKS) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 8,668 shares of the sporting goods retailer’s stock, valued at approximately $1,168,000.

A number of other hedge funds also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC bought a new stake in DICK’S Sporting Goods during the 3rd quarter valued at $7,600,000. Pictet Asset Management Holding SA raised its position in shares of DICK’S Sporting Goods by 12.0% in the 3rd quarter. Pictet Asset Management Holding SA now owns 37,947 shares of the sporting goods retailer’s stock worth $5,096,000 after acquiring an additional 4,072 shares in the last quarter. Parallel Advisors LLC raised its position in shares of DICK’S Sporting Goods by 38.8% in the 3rd quarter. Parallel Advisors LLC now owns 1,332 shares of the sporting goods retailer’s stock worth $179,000 after acquiring an additional 372 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of DICK’S Sporting Goods in the 3rd quarter worth $222,000. Finally, Heritage Family Offices LLP purchased a new stake in shares of DICK’S Sporting Goods during the 3rd quarter worth $29,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Price Performance

Shares of DKS opened at $149.51 on Thursday. The company has a 50 day moving average of $137.25 and a two-hundred day moving average of $189.92. The company has a quick ratio of 0.36, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. DICK’S Sporting Goods, Inc. has a twelve month low of $120.15 and a twelve month high of $244.38. The company has a market cap of $13.30 billion, a price-to-earnings ratio of 16.06, a price-to-earnings-growth ratio of 2.84 and a beta of 1.09.

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 analysts’ consensus estimates of $3.74 by ($0.21). The business 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 19.21% and a net margin of 3.97%. The business’s revenue for the quarter was up 53.2% on a year-over-year basis. During the same period in the previous year, the company 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, analysts predict that DICK’S Sporting Goods, Inc. will post 11.68 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were given a $1.25 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 3.3%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 53.71%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DKS. UBS Group dropped their price objective on DICK’S Sporting Goods from $275.00 to $178.00 and set a “buy” rating on the stock in a research report on Thursday, August 27th. BTIG Research cut their target price on 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. Telsey Advisory Group downgraded shares of DICK’S Sporting Goods from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $255.00 to $145.00 in a report on Wednesday, August 26th. Truist Financial decreased their price target on shares of DICK’S Sporting Goods from $135.00 to $128.00 and set a “hold” rating for the company in a research report on Thursday, October 1st. Finally, Morgan Stanley decreased their price target on shares of DICK’S Sporting Goods from $270.00 to $180.00 and set an “overweight” rating for the company in a research report on Wednesday, August 26th. Twelve analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $166.55.

Insider Activity

In other DICK’S Sporting Goods news, Director Robert Eddy bought 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The shares were purchased at an average cost of $128.69 per share, for a total transaction of $514,760.00. Following the purchase, the director directly owned 10,886 shares in the company, valued at $1,400,919.34. This represents a 58.09% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Matthew Barnes bought 3,665 shares of DICK’S Sporting Goods stock in a transaction that occurred on Wednesday, September 30th. The shares were acquired at an average cost of $136.39 per share, for a total transaction of $499,869.35. Following the completion of the transaction, the insider directly owned 11,965 shares in the company, valued at $1,631,906.35. This represents a 44.16% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 42,795 shares of company stock worth $5,588,641 over the last quarter. Company insiders own 28.91% of the company’s stock.

DICK’S Sporting Goods Company Profile

DICK’S Sporting Goods, Inc. is a U.S. sporting goods retailer that sells equipment, apparel, footwear and accessories for a range of sports and outdoor activities. Customers can shop through its stores and e-commerce platforms, and the company also offers services such as golf club fitting and equipment repair at select locations. The company operates under several retail banners, including DICK’S Sporting Goods, Golf Galaxy, Public Lands and Going Going Gone!, as well as experiential DICK’S House of Sport locations.