DICK’S Sporting Goods, Inc. $DKS Stake Boosted by MGO One Seven LLC

MGO One Seven LLC increased its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 261.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 4,942 shares of the sporting goods retailer’s stock after purchasing an additional 3,574 shares during the period. MGO One Seven LLC’s holdings in DICK’S Sporting Goods were worth $664,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Assetmark Inc. boosted its stake in shares of DICK’S Sporting Goods by 2.2% during the 1st quarter. Assetmark Inc. now owns 2,887 shares of the sporting goods retailer’s stock worth $572,000 after acquiring an additional 63 shares during the period. Versant Capital Management Inc lifted its holdings in DICK’S Sporting Goods by 34.3% during the 3rd quarter. Versant Capital Management Inc now owns 333 shares of the sporting goods retailer’s stock valued at $45,000 after purchasing an additional 85 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in DICK’S Sporting Goods by 0.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,636 shares of the sporting goods retailer’s stock valued at $3,299,000 after purchasing an additional 94 shares during the last quarter. Guardian Partners Inc. lifted its holdings in DICK’S Sporting Goods by 6.8% during the 1st quarter. Guardian Partners Inc. now owns 1,716 shares of the sporting goods retailer’s stock valued at $340,000 after purchasing an additional 109 shares during the last quarter. Finally, Sage Private Wealth Group LLC increased its holdings in shares of DICK’S Sporting Goods by 6.0% in the third quarter. Sage Private Wealth Group LLC now owns 1,980 shares of the sporting goods retailer’s stock valued at $266,000 after purchasing an additional 112 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Insider Activity

In other DICK’S Sporting Goods news, insider Matthew Barnes purchased 3,665 shares of the company’s stock in a transaction dated Wednesday, September 30th. The stock was bought at an average cost of $136.39 per share, for a total transaction of $499,869.35. Following the completion of the transaction, 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 acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director William J. Colombo purchased 5,000 shares of the company’s stock in a transaction dated Wednesday, August 26th. The stock was acquired at an average price of $128.72 per share, with a total value of $643,600.00. Following the completion of the transaction, the director owned 178,987 shares of the company’s stock, valued at $23,039,206.64. This represents a 2.87% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have acquired 42,795 shares of company stock worth $5,588,641. Insiders own 28.91% of the company’s stock.

DICK’S Sporting Goods Stock Performance

DKS stock traded down $0.29 during trading hours on Friday, hitting $140.78. 1,397,869 shares of the stock were exchanged, compared to its average volume of 2,335,800. The company has a current ratio of 1.49, a quick ratio of 0.36 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $12.52 billion, a P/E ratio of 15.12, a P/E/G ratio of 2.70 and a beta of 1.09. The company has a 50-day simple moving average of $136.36 and a two-hundred day simple moving average of $190.82. DICK’S Sporting Goods, Inc. has a 12 month low of $120.15 and a 12 month high of $244.38.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results 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 business had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.64 billion. During the same period in the previous year, the firm posted $4.38 EPS. The company’s revenue 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. On average, analysts forecast that DICK’S Sporting Goods, Inc. will post 11.68 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were issued a $1.25 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a $5.00 dividend on an annualized basis and a yield of 3.6%. DICK’S Sporting Goods’s payout ratio is currently 53.71%.

Analyst Ratings Changes

DKS has been the topic of several research analyst reports. Oppenheimer dropped their price objective on shares of DICK’S Sporting Goods from $270.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 26th. JPMorgan Chase & Co. reduced their target price on shares of DICK’S Sporting Goods from $270.00 to $245.00 and set an “overweight” rating for the company in a report on Monday, August 24th. The Goldman Sachs Group decreased their price target on shares of DICK’S Sporting Goods from $271.00 to $170.00 and set a “buy” rating on the stock in a research note on Wednesday, August 26th. BNP Paribas Exane reissued an “underperform” rating on shares of DICK’S Sporting Goods in a report on Tuesday, October 27th. Finally, DA Davidson cut their price objective on shares of DICK’S Sporting Goods from $260.00 to $205.00 and set a “buy” rating for the company in a research report on Wednesday, August 26th. Twelve investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average 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.-based omnichannel sporting goods retailer that sells athletic apparel, footwear, sports equipment and accessories. Its merchandise serves a broad range of sports and outdoor activities, including team sports, fitness, golf, running, hunting, fishing and camping.

The company operates through its namesake DICK’S Sporting Goods stores and digital platforms, along with specialty and concept formats such as Golf Galaxy, Public Lands, House of Sport and other retail brands.