Public Employees Retirement System of Ohio Takes $8.29 Million Position in DICK’S Sporting Goods, Inc. $DKS

Public Employees Retirement System of Ohio bought a new position in DICK’S Sporting Goods, Inc. (NYSE:DKS) in the second quarter, HoldingsChannel.com reports. The fund bought 36,564 shares of the sporting goods retailer’s stock, valued at approximately $8,293,000.

Several other hedge funds and other institutional investors have also modified their holdings of DKS. Harbor Investment Advisory LLC acquired a new position in DICK’S Sporting Goods during the first quarter worth $30,000. Elyxium Wealth LLC acquired a new stake in shares of DICK’S Sporting Goods in the 4th quarter valued at $35,000. SHP Wealth Management bought a new stake in shares of DICK’S Sporting Goods in the 4th quarter worth about $38,000. Fideuram Asset Management Ireland dac bought a new stake in shares of DICK’S Sporting Goods in the 4th quarter worth about $44,000. Finally, Clearstead Advisors LLC increased its position in shares of DICK’S Sporting Goods by 68.8% during the 4th quarter. Clearstead Advisors LLC now owns 243 shares of the sporting goods retailer’s stock worth $48,000 after purchasing an additional 99 shares in the last quarter. Institutional investors own 89.83% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on DKS. BTIG Research cut their price target on shares of DICK’S Sporting Goods from $300.00 to $180.00 and set a “buy” rating for the company in a report on Wednesday, August 26th. The Goldman Sachs Group dropped their price objective on shares of DICK’S Sporting Goods from $271.00 to $170.00 and set a “buy” rating for the company in a report on Wednesday, August 26th. UBS Group cut their target price on shares of DICK’S Sporting Goods from $275.00 to $178.00 and set a “buy” rating for the company in a research note on Thursday. Citigroup reduced their target price on DICK’S Sporting Goods from $280.00 to $190.00 and set a “buy” rating on the stock in a report on Thursday, August 27th. Finally, DA Davidson decreased their price target on DICK’S Sporting Goods from $260.00 to $205.00 and set a “buy” rating on the stock in a research report on Wednesday, August 26th. Twelve analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $170.22.

Insider Activity at DICK’S Sporting Goods

In related news, Director Mark J. Barrenechea purchased 17,000 shares of the stock in a transaction that occurred on Thursday, August 27th. The stock was acquired at an average price of $130.72 per share, with a total value of $2,222,240.00. Following the completion of the acquisition, the director directly owned 25,977 shares in the company, valued at approximately $3,395,713.44. This trade represents a 189.37% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William J. Colombo acquired 1,100 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The stock was bought at an average price of $129.00 per share, with a total value of $141,900.00. Following the transaction, the director directly owned 180,087 shares in the company, valued at $23,231,223. The trade was a 0.61% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired 28,650 shares of company stock valued at $3,722,280 over the last three months. 28.91% of the stock is owned by company insiders.

DICK’S Sporting Goods Stock Down 0.4%

Shares of NYSE DKS opened at $134.58 on Tuesday. The firm’s 50-day simple moving average is $203.19 and its 200 day simple moving average is $208.64. The company has a market cap of $12.04 billion, a price-to-earnings ratio of 14.46, a price-to-earnings-growth ratio of 1.43 and a beta of 1.21. The company has a quick ratio of 0.36, a current ratio of 1.49 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.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Tuesday, August 25th. The sporting goods retailer reported $3.53 EPS for the quarter, missing analysts’ consensus estimates of $3.74 by ($0.21). The company had revenue of $5.59 billion for 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 firm’s revenue was up 53.2% compared to the same quarter last year. During the same period in the prior year, the company earned $4.38 EPS. DICK’S Sporting Goods has set its FY 2026 guidance at 11.000-12.000 EPS. On average, research analysts expect that DICK’S Sporting Goods, Inc. will post 11.72 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders 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 dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, September 11th. DICK’S Sporting Goods’s dividend payout ratio is 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.