DICK’S Sporting Goods, Inc. $DKS Shares Newly Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,334 shares of the sporting goods retailer’s stock, valued at approximately $716,000.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of DICK’S Sporting Goods in the second quarter worth about $1,501,321,000. Bank of America Corp DE bought a new stake in shares of DICK’S Sporting Goods during the 2nd quarter valued at approximately $1,024,000,000. Darsana Capital Partners LP grew its holdings in shares of DICK’S Sporting Goods by 9.1% during the 2nd quarter. Darsana Capital Partners LP now owns 1,500,000 shares of the sporting goods retailer’s stock valued at $340,215,000 after purchasing an additional 125,000 shares during the last quarter. Maverick Capital Ltd. grew its holdings in shares of DICK’S Sporting Goods by 25.3% during the 1st quarter. Maverick Capital Ltd. now owns 1,044,903 shares of the sporting goods retailer’s stock valued at $207,194,000 after purchasing an additional 210,654 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in DICK’S Sporting Goods during the 2nd quarter worth approximately $128,943,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

DICK’S Sporting Goods Price Performance

DICK’S Sporting Goods stock opened at $140.78 on Monday. The stock has a 50-day moving average price of $136.36 and a two-hundred day moving average price of $190.82. DICK’S Sporting Goods, Inc. has a 12 month low of $120.15 and a 12 month high of $244.38. The company has a market capitalization of $12.52 billion, a PE ratio of 15.12, a P/E/G ratio of 2.67 and a beta of 1.09. 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 (NYSE:DKS) last released its quarterly earnings results on Tuesday, August 25th. The sporting goods retailer reported $3.53 earnings per share for the quarter, missing the consensus estimate of $3.74 by ($0.21). The firm had revenue of $5.59 billion for the quarter, compared to the consensus estimate 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 quarter last year, the firm posted $4.38 earnings per share. DICK’S Sporting Goods has set its FY 2026 guidance at 11.000-12.000 EPS. Analysts expect that DICK’S Sporting Goods, Inc. will post 11.68 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The firm 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. This represents a $5.00 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Friday, September 11th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 53.71%.

Insider Buying and Selling at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, EVP Navdeep Gupta bought 7,707 shares of DICK’S Sporting Goods stock in a transaction on Tuesday, September 22nd. The shares were purchased at an average cost of $129.75 per share, with a total value of $999,983.25. Following the acquisition, the executive vice president directly owned 86,580 shares of the company’s stock, valued at $11,233,755. The trade was a 9.77% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Larry Jr. Fitzgerald bought 1,860 shares of DICK’S Sporting Goods stock in a transaction on Wednesday, September 23rd. The shares were acquired at an average cost of $131.67 per share, for a total transaction of $244,906.20. Following the completion of the acquisition, the director directly owned 15,199 shares in the company, valued at approximately $2,001,252.33. The trade was a 13.94% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired 42,795 shares of company stock worth $5,588,641 over the last quarter. Insiders own 28.91% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. BNP Paribas Exane reissued an “underperform” rating on shares of DICK’S Sporting Goods in a research note on Tuesday, October 27th. BMO Capital Markets restated an “underperform” rating on shares of DICK’S Sporting Goods in a research report on Monday, October 26th. Oppenheimer decreased their target price on shares of DICK’S Sporting Goods from $270.00 to $150.00 and set an “outperform” 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 lowered their price target for the stock from $255.00 to $145.00 in a report on Wednesday, August 26th. Finally, Morgan Stanley lowered 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 report on Wednesday, August 26th. Twelve research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $167.53.

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.