DICK’S Sporting Goods, Inc. $DKS Holdings Raised by Retirement Systems of Alabama

Retirement Systems of Alabama raised its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 67.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 144,817 shares of the sporting goods retailer’s stock after buying an additional 58,194 shares during the quarter. Retirement Systems of Alabama owned about 0.16% of DICK’S Sporting Goods worth $19,447,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of DKS. Fulcrum Asset Management LLP acquired a new position in shares of DICK’S Sporting Goods in the third quarter worth $1,168,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of DICK’S Sporting Goods in the third quarter valued at $7,600,000. Pictet Asset Management Holding SA boosted its stake in shares of DICK’S Sporting Goods by 12.0% during the third quarter. Pictet Asset Management Holding SA now owns 37,947 shares of the sporting goods retailer’s stock valued at $5,096,000 after acquiring an additional 4,072 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of DICK’S Sporting Goods by 38.8% during the third quarter. Parallel Advisors LLC now owns 1,332 shares of the sporting goods retailer’s stock valued at $179,000 after acquiring an additional 372 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in shares of DICK’S Sporting Goods during the third quarter valued at $222,000. 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 purchased 3,665 shares of the firm’s stock in a transaction on Wednesday, September 30th. The shares were purchased at an average cost of $136.39 per share, with a total value of $499,869.35. Following the purchase, the insider owned 11,965 shares in the company, valued at approximately $1,631,906.35. This represents a 44.16% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Robert W. Eddy purchased 4,000 shares of the firm’s stock in a transaction on Wednesday, August 26th. The stock was 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 owned 10,886 shares in the company, valued at $1,400,919.34. The trade was a 58.09% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders acquired 42,795 shares of company stock valued at $5,588,641. Corporate insiders own 28.91% of the company’s stock.

DICK’S Sporting Goods Trading Down 0.3%

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

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 for the quarter, missing analysts’ consensus estimates 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 business had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.64 billion. During the same period in the prior year, the company earned $4.38 EPS. The company’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. As a group, analysts forecast that DICK’S Sporting Goods, Inc. will post 11.68 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

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

Analyst Ratings Changes

A number of analysts recently commented on DKS shares. Weiss Ratings cut DICK’S Sporting Goods from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, September 16th. KGI Securities downgraded shares of DICK’S Sporting Goods from an “outperform” rating to a “neutral” rating and set a $135.10 target price for the company. in a research note on Wednesday, August 26th. Zacks Research upgraded shares of DICK’S Sporting Goods from a “strong sell” rating to a “hold” rating in a report on Monday. Jefferies Financial Group set a $171.00 price target on shares of DICK’S Sporting Goods in a research note on Tuesday, August 25th. Finally, Robert W. Baird cut shares of DICK’S Sporting Goods from an “outperform” rating to a “neutral” rating and set a $150.00 price target on the stock. in a research note on Monday, September 14th. Twelve research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $166.55.

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.