Traders Buy Large Volume of Call Options on DICK’S Sporting Goods (NYSE:DKS)

DICK’S Sporting Goods, Inc. (NYSE:DKS) was the target of some unusual options trading activity on Monday. Traders bought 6,700 call options on the company. This represents an increase of approximately 306% compared to the average volume of 1,650 call options.

Hedge Funds Weigh In On DICK’S Sporting Goods

A number of hedge funds have recently modified their holdings of the stock. Lido Advisors LLC raised its stake in 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 valued at $302,000 after purchasing an additional 51 shares in the last quarter. Jacobi Capital Management LLC grew its stake in DICK’S Sporting Goods by 4.5% during the fourth quarter. Jacobi Capital Management LLC now owns 1,189 shares of the sporting goods retailer’s stock worth $235,000 after buying an additional 51 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its stake in DICK’S Sporting Goods by 2.4% during 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. Parallel Advisors LLC increased its holdings in DICK’S Sporting Goods by 5.9% in the 4th 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. Finally, PCB Capital LLC raised its position in shares of DICK’S Sporting Goods by 1.5% in the 1st 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 in the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

DICK’S Sporting Goods Price Performance

Shares of NYSE DKS traded down $0.78 during midday trading on Monday, reaching $182.45. The company’s stock had a trading volume of 772,615 shares, compared to its average volume of 1,230,343. The company has a current ratio of 1.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.34. The company has a 50 day moving average price of $213.93 and a 200 day moving average price of $211.41. DICK’S Sporting Goods has a one year low of $176.07 and a one year high of $244.38. The company has a market cap of $16.33 billion, a price-to-earnings ratio of 17.28, a price-to-earnings-growth ratio of 1.60 and a beta of 1.21.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.01). The business had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.07 billion. DICK’S Sporting Goods had a return on equity of 22.22% and a net margin of 4.71%.The company’s quarterly revenue was up 62.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.37 earnings per share. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. On average, equities research analysts expect that DICK’S Sporting Goods will post 14.24 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Friday, June 12th. DICK’S Sporting Goods’s dividend payout ratio is 47.53%.

Wall Street Analyst Weigh In

DKS has been the subject of a number of research analyst reports. Truist Financial upped their target price on DICK’S Sporting Goods from $252.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. The Goldman Sachs Group reiterated a “buy” rating on shares of DICK’S Sporting Goods in a research report on Monday, August 3rd. Telsey Advisory Group boosted their price objective on DICK’S Sporting Goods from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 20th. Robert W. Baird set a $264.00 price objective on DICK’S Sporting Goods in a report on Thursday, May 28th. Finally, Jefferies Financial Group raised their target price on DICK’S Sporting Goods from $210.00 to $224.00 and gave the company a “hold” rating in a research note on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $256.88.

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.