Montanova Capital LLC Invests $34.32 Million in DICK’S Sporting Goods, Inc. $DKS

Montanova Capital LLC purchased a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) in the second quarter, according to its most recent filing with the SEC. The fund purchased 151,320 shares of the sporting goods retailer’s stock, valued at approximately $34,321,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new position in DICK’S Sporting Goods in the second quarter worth $1,501,321,000. Bank of America Corp DE acquired a new position in shares of DICK’S Sporting Goods in the 2nd quarter valued at about $1,024,000,000. State Street Corp grew its position in shares of DICK’S Sporting Goods by 17.7% during the 3rd quarter. State Street Corp now owns 2,606,541 shares of the sporting goods retailer’s stock valued at $579,226,000 after buying an additional 391,694 shares during the last quarter. Viking Global Investors LP acquired a new stake in DICK’S Sporting Goods during the fourth quarter worth about $509,371,000. Finally, Geode Capital Management LLC raised its stake in DICK’S Sporting Goods by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 1,226,792 shares of the sporting goods retailer’s stock worth $242,184,000 after acquiring an additional 16,051 shares during the period. 89.83% of the stock is owned by institutional investors and hedge funds.

DICK’S Sporting Goods Trading Down 0.4%

NYSE:DKS opened at $134.58 on Tuesday. The business has a fifty day moving average of $203.19 and a 200-day moving average of $208.64. The stock has a market cap of $12.04 billion, a price-to-earnings ratio of 14.46, a PEG ratio of 1.43 and a beta of 1.21. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.36 and a current ratio of 1.49. DICK’S Sporting Goods, Inc. has a 1 year low of $120.40 and a 1 year high of $244.38.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Tuesday, August 25th. The sporting goods retailer reported $3.53 EPS for the quarter, missing the consensus estimate 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 company had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.64 billion. During the same period in the previous year, the business posted $4.38 EPS. The firm’s quarterly revenue 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. Equities analysts predict that DICK’S Sporting Goods, Inc. will post 11.72 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The business also recently disclosed 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. This represents a $5.00 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Friday, September 11th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 53.71%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Loop Capital restated a “hold” rating and issued a $140.00 target price on shares of DICK’S Sporting Goods in a research note on Tuesday, August 25th. Jefferies Financial Group set a $171.00 price target on DICK’S Sporting Goods in a report on Tuesday, August 25th. JPMorgan Chase & Co. reduced their price objective on DICK’S Sporting Goods from $270.00 to $245.00 and set an “overweight” rating for the company in a research report on Monday, August 24th. Morgan Stanley lowered their price objective on DICK’S Sporting Goods from $270.00 to $180.00 and set an “overweight” rating for the company in a research note on Wednesday, August 26th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $145.00 target price (down from $255.00) on shares of DICK’S Sporting Goods in a research report on Wednesday, August 26th. Twelve analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $170.22.

Insider Activity at DICK’S Sporting Goods

In other news, Director William J. Colombo purchased 5,000 shares of the firm’s stock in a transaction on Wednesday, August 26th. The stock was purchased at an average cost of $128.72 per share, with a total value of $643,600.00. Following the purchase, the director owned 178,987 shares in the company, valued at $23,039,206.64. This trade represents a 2.87% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mark J. Barrenechea purchased 17,000 shares of the stock in a transaction dated Thursday, August 27th. The shares were purchased at an average price of $130.72 per share, for a total transaction of $2,222,240.00. Following the completion of the transaction, the director owned 25,977 shares in the company, valued at $3,395,713.44. This trade represents a 189.37% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired 28,650 shares of company stock worth $3,722,280 over the last ninety days. Insiders own 28.91% of the company’s stock.

DICK’S Sporting Goods Company Profile

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.