DICK’S Sporting Goods, Inc. $DKS Holdings Boosted by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA raised its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 12.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,947 shares of the sporting goods retailer’s stock after purchasing an additional 4,072 shares during the quarter. Pictet Asset Management Holding SA’s holdings in DICK’S Sporting Goods were worth $5,096,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of DKS. BlackRock Inc. purchased a new position in shares of DICK’S Sporting Goods during the second quarter valued at $1,501,321,000. Bank of America Corp DE acquired a new position in DICK’S Sporting Goods during the second quarter valued at $1,024,000,000. Darsana Capital Partners LP raised 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 buying an additional 125,000 shares during the period. Maverick Capital Ltd. lifted its stake in DICK’S Sporting Goods by 25.3% in the 1st quarter. Maverick Capital Ltd. now owns 1,044,903 shares of the sporting goods retailer’s stock worth $207,194,000 after acquiring an additional 210,654 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in DICK’S Sporting Goods in the 2nd quarter worth about $128,943,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Insider Transactions at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, insider Matthew Barnes acquired 3,665 shares of the business’s stock in a transaction that occurred on Wednesday, September 30th. The shares were purchased at an average price of $136.39 per share, with a total value of $499,869.35. Following the completion of the transaction, the insider owned 11,965 shares in the company, valued at $1,631,906.35. The trade was a 44.16% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director William Colombo acquired 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The shares were acquired at an average cost of $128.72 per share, for a total transaction of $643,600.00. Following the transaction, the director owned 178,987 shares of the company’s stock, valued at approximately $23,039,206.64. This represents a 2.87% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 42,795 shares of company stock valued at $5,588,641 in the last ninety days. 28.91% of the stock is currently owned by insiders.

DICK’S Sporting Goods Stock Up 2.6%

NYSE DKS traded up $3.78 on Friday, reaching $149.44. The stock had a trading volume of 1,378,411 shares, compared to its average volume of 2,277,389. The company has a current ratio of 1.49, a quick ratio of 0.36 and a debt-to-equity ratio of 0.33. DICK’S Sporting Goods, Inc. has a 1 year low of $120.15 and a 1 year high of $244.38. The business has a 50 day moving average price of $137.61 and a 200 day moving average price of $189.35. The company has a market capitalization of $13.29 billion, a price-to-earnings ratio of 16.05, a P/E/G ratio of 2.77 and a beta of 1.09.

DICK’S Sporting Goods (NYSE:DKS) last posted 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). The firm had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.64 billion. DICK’S Sporting Goods had a return on equity of 19.21% and a net margin of 3.97%. The firm’s revenue for the quarter was up 53.2% on a year-over-year basis. During the same period last year, the business earned $4.38 earnings per share. DICK’S Sporting Goods has set its FY 2026 guidance at 11.000-12.000 EPS. On average, analysts forecast that DICK’S Sporting Goods, Inc. will post 11.67 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were issued a $1.25 dividend. The ex-dividend date was Friday, September 11th. This represents a $5.00 dividend on an annualized basis and a yield of 3.3%. DICK’S Sporting Goods’s dividend payout ratio is currently 53.71%.

Analysts Set New Price Targets

Several equities analysts have weighed in on DKS shares. Telsey Advisory Group cut DICK’S Sporting Goods from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $255.00 to $145.00 in a research note on Wednesday, August 26th. BTIG Research reduced their price target on shares of DICK’S Sporting Goods from $300.00 to $180.00 and set a “buy” rating for the company in a research report on Wednesday, August 26th. Citigroup decreased their price target on shares of DICK’S Sporting Goods from $280.00 to $190.00 and set a “buy” rating for the company in a report on Thursday, August 27th. BNP Paribas Exane restated an “underperform” rating on shares of DICK’S Sporting Goods in a report on Tuesday, October 27th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of DICK’S Sporting Goods from $270.00 to $245.00 and set an “overweight” rating on the stock in a research report on Monday, August 24th. Twelve equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $167.00.

DICK’S Sporting Goods 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.