The Manufacturers Life Insurance Company Invests $11.47 Million in DICK’S Sporting Goods, Inc. $DKS

The Manufacturers Life Insurance Company acquired a new stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 50,552 shares of the sporting goods retailer’s stock, valued at approximately $11,466,000. The Manufacturers Life Insurance Company owned about 0.06% of DICK’S Sporting Goods at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Harbor Investment Advisory LLC bought a new stake in shares of DICK’S Sporting Goods in the 1st quarter worth approximately $30,000. Laurel Wealth Advisors LLC bought a new position in DICK’S Sporting Goods in the fourth quarter worth about $34,000. Elyxium Wealth LLC purchased a new stake in DICK’S Sporting Goods in the fourth quarter worth about $35,000. SHP Wealth Management purchased a new stake in DICK’S Sporting Goods in the fourth quarter worth about $38,000. Finally, Fideuram Asset Management Ireland dac purchased a new stake in DICK’S Sporting Goods in the fourth quarter worth about $44,000. 89.83% of the stock is owned by hedge funds and other institutional investors.

Key DICK’S Sporting Goods News

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

Insiders Place Their Bets

In other DICK’S Sporting Goods news, Director Sandeep Mathrani acquired 1,550 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The shares were bought at an average cost of $128.89 per share, with a total value of $199,779.50. Following the completion of the transaction, the director directly owned 11,136 shares of the company’s stock, valued at approximately $1,435,319.04. This represents a 16.17% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert W. Eddy acquired 4,000 shares of DICK’S Sporting Goods stock in a transaction that occurred on Wednesday, August 26th. The stock was acquired at an average price of $128.69 per share, with a total value of $514,760.00. Following the completion of the acquisition, the director directly owned 10,886 shares in the company, valued at $1,400,919.34. This represents a 58.09% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 28,650 shares of company stock worth $3,722,280 in the last 90 days. 28.91% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Jefferies Financial Group set a $171.00 target price on DICK’S Sporting Goods in a report on Tuesday. Telsey Advisory Group reiterated a “market perform” rating and issued a $145.00 price objective (down from $255.00) on shares of DICK’S Sporting Goods in a report on Wednesday. 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 report on Wednesday. Robert W. Baird reduced their target price on shares of DICK’S Sporting Goods from $264.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Wells Fargo & Company decreased 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 research note on Tuesday. Twelve equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $170.22.

DICK’S Sporting Goods Stock Up 2.5%

NYSE:DKS opened at $135.09 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.38 and a current ratio of 1.49. The firm has a market cap of $12.09 billion, a P/E ratio of 14.51, a P/E/G ratio of 1.43 and a beta of 1.21. DICK’S Sporting Goods, Inc. has a fifty-two week low of $120.40 and a fifty-two week high of $244.38. The firm has a 50-day simple moving average of $205.27 and a two-hundred day simple moving average of $209.05.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, August 25th. The sporting goods retailer reported $3.53 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company’s quarterly revenue was up 53.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.38 EPS. DICK’S Sporting Goods has set its FY 2026 guidance at 11.000-12.000 EPS. Analysts predict that DICK’S Sporting Goods, Inc. will post 11.72 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a 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%.

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.