Glenview Trust Co Takes $1.36 Million Position in DICK’S Sporting Goods, Inc. $DKS

Glenview Trust Co bought a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 6,001 shares of the sporting goods retailer’s stock, valued at approximately $1,361,000.

A number of other institutional investors also recently bought and sold shares of DKS. Empowered Funds LLC acquired a new stake in shares of DICK’S Sporting Goods in the 2nd quarter worth $2,297,000. United Capital Financial Advisors LLC purchased a new position in shares of DICK’S Sporting Goods during the 2nd quarter worth approximately $416,000. Caitlin John LLC acquired a new position in shares of DICK’S Sporting Goods during the 2nd quarter worth $445,000. Equitable Holdings Inc. acquired a new position in DICK’S Sporting Goods during the second quarter worth about $206,000. Finally, Jefferies Financial Group Inc. purchased a new stake in DICK’S Sporting Goods during the second quarter worth $680,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DKS has been the topic of a number of analyst reports. Morgan Stanley lowered their target price on DICK’S Sporting Goods from $270.00 to $180.00 and set an “overweight” rating on the stock in a report on Wednesday. Oppenheimer cut their target price on shares of DICK’S Sporting Goods from $270.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday. DA Davidson reduced 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 report on Wednesday. Wells Fargo & Company lowered their price target on shares of DICK’S Sporting Goods from $240.00 to $185.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, KGI Securities lowered shares of DICK’S Sporting Goods from an “outperform” rating to a “neutral” rating and set a $135.10 price objective for the company. in a research report on Wednesday. Twelve research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $170.22.

DICK’S Sporting Goods Price Performance

Shares of NYSE DKS opened at $135.09 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 0.38. DICK’S Sporting Goods, Inc. has a 1-year low of $120.40 and a 1-year high of $244.38. The business has a 50-day moving average of $205.27 and a 200-day moving average of $209.05. The company has a market capitalization of $12.09 billion, a price-to-earnings ratio of 14.51, a PEG ratio of 1.39 and a beta of 1.21.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data 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). DICK’S Sporting Goods had a net margin of 3.97% and a return on equity of 19.21%. The firm had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.64 billion. During the same quarter in the prior year, the business 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. On average, equities analysts anticipate that DICK’S Sporting Goods, Inc. will post 11.75 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $5.00 annualized dividend and a yield of 3.7%. DICK’S Sporting Goods’s payout ratio is 53.71%.

DICK’S Sporting Goods News Summary

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

Insider Activity

In other DICK’S Sporting Goods news, Director Robert W. Eddy bought 4,000 shares of the company’s stock in a transaction dated Wednesday, August 26th. The shares were acquired at an average cost of $128.69 per share, with a total value of $514,760.00. Following the completion of the transaction, the director owned 10,886 shares in the company, valued at $1,400,919.34. The trade was a 58.09% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William J. Colombo purchased 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The stock was acquired at an average price of $128.72 per share, for a total transaction of $643,600.00. Following the purchase, 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 SEC filing for this purchase provides additional information. In the last quarter, insiders purchased 28,650 shares of company stock valued at $3,722,280. Corporate insiders own 28.91% of the company’s stock.

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.