Legal & General Group Plc Acquires New Holdings in DICK’S Sporting Goods, Inc. $DKS

Legal & General Group Plc bought a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 169,502 shares of the sporting goods retailer’s stock, valued at approximately $38,445,000.

Several other institutional investors and hedge funds have also bought and sold shares of DKS. Jacobi Capital Management LLC grew its position in shares of DICK’S Sporting Goods by 4.5% during the 4th quarter. Jacobi Capital Management LLC now owns 1,189 shares of the sporting goods retailer’s stock valued at $235,000 after purchasing an additional 51 shares in the last quarter. Lido Advisors LLC raised its position in shares of DICK’S Sporting Goods by 3.9% in the third quarter. Lido Advisors LLC now owns 1,358 shares of the sporting goods retailer’s stock worth $302,000 after buying an additional 51 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its position in shares of DICK’S Sporting Goods by 2.4% in the first quarter. Fifth Third Wealth Advisors LLC now owns 2,284 shares of the sporting goods retailer’s stock worth $453,000 after buying an additional 54 shares in the last quarter. PCB Capital LLC boosted its stake in DICK’S Sporting Goods by 1.5% during the first quarter. PCB Capital LLC now owns 3,607 shares of the sporting goods retailer’s stock valued at $715,000 after buying an additional 55 shares during the period. Finally, Parallel Advisors LLC boosted its stake in DICK’S Sporting Goods by 5.9% during the fourth quarter. Parallel Advisors LLC now owns 980 shares of the sporting goods retailer’s stock valued at $194,000 after buying an additional 55 shares during the period. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on DKS. KGI Securities lowered DICK’S Sporting Goods from an “outperform” rating to a “neutral” rating and set a $135.10 target price on the stock. in a research note on Wednesday. Telsey Advisory Group reiterated a “market perform” rating and set a $145.00 price target (down from $255.00) on shares of DICK’S Sporting Goods in a research report on Wednesday. Weiss Ratings lowered DICK’S Sporting Goods from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 5th. Bank of America lowered their target price on shares of DICK’S Sporting Goods from $245.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Oppenheimer dropped 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 report on Wednesday. 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $170.22.

Insider Buying and Selling at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, Director Robert W. Eddy bought 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The shares were bought at an average price of $128.69 per share, for a total transaction of $514,760.00. Following the transaction, the director directly owned 10,886 shares in the company, valued at $1,400,919.34. This trade represents a 58.09% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark J. Barrenechea purchased 17,000 shares of the stock in a transaction on Thursday, August 27th. The stock was acquired at an average cost of $130.72 per share, with a total value of $2,222,240.00. Following the completion of the purchase, the director directly owned 25,977 shares of the company’s stock, valued at $3,395,713.44. The trade was a 189.37% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 28,650 shares of company stock worth $3,722,280 over the last 90 days. Company insiders own 28.91% of the company’s stock.

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

DICK’S Sporting Goods Price Performance

Shares of DICK’S Sporting Goods stock opened at $135.09 on Friday. The firm has a market capitalization of $12.09 billion, a PE ratio of 14.51, a price-to-earnings-growth ratio of 1.39 and a beta of 1.21. The company has a current ratio of 1.49, a quick ratio of 0.38 and a debt-to-equity ratio of 0.33. DICK’S Sporting Goods, Inc. has a 12 month low of $120.40 and a 12 month high of $244.38. The business’s 50-day moving average price is $205.27 and its 200-day moving average price is $209.05.

DICK’S Sporting Goods (NYSE:DKS) last released its 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 during 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 quarterly revenue was up 53.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.38 EPS. DICK’S Sporting Goods has set its FY 2026 guidance at 11.000-12.000 EPS. Sell-side analysts forecast that DICK’S Sporting Goods, Inc. will post 11.75 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be issued a $1.25 dividend. 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 payout ratio is presently 53.71%.

DICK’S Sporting Goods 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.