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

DICK’S Sporting Goods, Inc. (NYSE:DKS) saw some unusual options trading on Monday. Stock traders acquired 10,988 put options on the company. This is an increase of approximately 58% compared to the average volume of 6,943 put options.

DICK’S Sporting Goods Price Performance

Shares of DKS traded up $2.14 during midday trading on Monday, reaching $123.29. The stock had a trading volume of 782,409 shares, compared to its average volume of 1,756,981. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 0.36. The company has a market capitalization of $10.96 billion, a P/E ratio of 13.25, a P/E/G ratio of 2.29 and a beta of 1.11. The firm’s 50 day moving average price is $175.83 and its 200-day moving average price is $201.34. DICK’S Sporting Goods has a 52 week low of $120.15 and a 52 week 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 for the quarter, missing the consensus estimate 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 firm had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.64 billion. During the same period in the prior year, the business earned $4.38 EPS. The company’s quarterly 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 will post 11.7 earnings per share 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 paid a $1.25 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $5.00 annualized dividend and a dividend yield of 4.1%. DICK’S Sporting Goods’s payout ratio is currently 53.71%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DKS. JPMorgan Chase & Co. cut their price objective on shares of DICK’S Sporting Goods from $270.00 to $245.00 and set an “overweight” rating on the stock in a research note on Monday, August 24th. Oppenheimer decreased 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, August 26th. DA Davidson lowered their target price on shares of DICK’S Sporting Goods from $260.00 to $205.00 and set a “buy” rating on the stock in a research note on Wednesday, August 26th. Barclays dropped their price target on shares of DICK’S Sporting Goods from $280.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 26th. Finally, Morgan Stanley reduced their price target on shares of DICK’S Sporting Goods from $270.00 to $180.00 and set an “overweight” rating for the company in a research note on Wednesday, August 26th. Eleven analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $167.20.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, Director Robert W. Eddy bought 4,000 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were purchased at an average cost 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. The trade was 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 accessible through this hyperlink. Also, Director William J. Colombo bought 5,000 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were acquired at an average cost of $128.72 per share, for a total transaction of $643,600.00. Following the purchase, the director directly owned 178,987 shares in the company, valued at $23,039,206.64. This represents a 2.87% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have acquired 29,563 shares of company stock valued at $3,843,882. Corporate insiders own 28.91% of the company’s stock.

Institutional Trading of DICK’S Sporting Goods

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. WINTON GROUP Ltd lifted its position in shares of DICK’S Sporting Goods by 1,573.8% in the 2nd quarter. WINTON GROUP Ltd now owns 55,167 shares of the sporting goods retailer’s stock valued at $12,512,000 after acquiring an additional 51,871 shares in the last quarter. Senator Investment Group LP purchased a new position in DICK’S Sporting Goods during the 2nd quarter worth approximately $45,362,000. The Manufacturers Life Insurance Company purchased a new position in DICK’S Sporting Goods during the 2nd quarter worth approximately $11,466,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in DICK’S Sporting Goods during the 2nd quarter valued at $18,448,000. Finally, Darsana Capital Partners LP raised its stake in DICK’S Sporting Goods by 9.1% during the 2nd quarter. Darsana Capital Partners LP now owns 1,500,000 shares of the sporting goods retailer’s stock valued at $340,215,000 after purchasing an additional 125,000 shares during the period. 89.83% of the stock is owned by institutional investors and hedge funds.

DICK’S Sporting Goods Company Profile

DICK’S Sporting Goods, Inc is a leading American sporting goods retailer that sells athletic equipment, apparel, footwear and accessories for a broad range of sports and outdoor activities. Its merchandise includes products for fitness, team sports, golf, running, hunting, fishing and camping, as well as casual and performance-oriented clothing and footwear.

The company operates through its DICK’S Sporting Goods stores and e-commerce platform, along with specialty and concept businesses including Golf Galaxy, Public Lands and House of Sport locations.