6,596 Shares in DICK’S Sporting Goods, Inc. $DKS Bought by Korea Investment CORP

Korea Investment CORP purchased a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,596 shares of the sporting goods retailer’s stock, valued at approximately $1,496,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DKS. EP Wealth Advisors LLC purchased a new position in shares of DICK’S Sporting Goods during the 2nd quarter valued at about $215,000. Ieq Capital LLC purchased a new stake in shares of DICK’S Sporting Goods in the second quarter worth about $12,499,000. Callan Family Office LLC purchased a new stake in shares of DICK’S Sporting Goods in the second quarter worth about $697,000. Allworth Financial LP acquired a new stake in DICK’S Sporting Goods during the second quarter worth about $747,000. Finally, B. Metzler seel. Sohn & Co. AG acquired a new stake in DICK’S Sporting Goods during the second quarter worth about $375,000. 89.83% of the stock is owned by institutional investors and hedge funds.

More DICK’S Sporting Goods News

Here are the key news stories impacting DICK’S Sporting Goods this week:

• Positive Sentiment: The core DICK’S business delivered 4.9% comparable-sales growth, supported by broad-based category gains, higher transactions and average ticket, and strong FIFA World Cup-related demand. Management maintained its core-business comparable-sales outlook of 2.5% to 4.0% growth. DICK’S Sporting Goods Second Quarter Results
• Positive Sentiment: The company declared a quarterly dividend of $1.25 per share, payable September 25 to shareholders of record September 11. The dividend provides ongoing shareholder support following the selloff.
• Positive Sentiment: CNBC’s Jim Cramer argued that investors should not abandon DKS, saying the core business remains relatively strong and that the decline could create a more attractive long-term entry point if Foot Locker stabilizes. Jim Cramer’s Advice on DICK’S Sporting Goods

Analysts Set New Price Targets

A number of brokerages have issued reports on DKS. DA Davidson reissued a “buy” rating and issued a $260.00 price target on shares of DICK’S Sporting Goods in a report on Monday, August 17th. Robert W. Baird set a $264.00 price objective on DICK’S Sporting Goods in a research report on Thursday, May 28th. UBS Group raised shares of DICK’S Sporting Goods from a “buy” rating to a “positive” rating in a research note on Monday, August 10th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of DICK’S Sporting Goods in a report on Monday, August 3rd. Finally, JPMorgan Chase & Co. decreased 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 research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, DICK’S Sporting Goods currently has a consensus rating of “Moderate Buy” and an average target price of $243.65.

DICK’S Sporting Goods Stock Performance

Shares of DKS stock opened at $124.31 on Wednesday. The company has a market capitalization of $11.13 billion, a P/E ratio of 11.82, a P/E/G ratio of 1.56 and a beta of 1.21. The business’s 50 day moving average is $211.11 and its two-hundred day moving average is $210.64. The company has a current ratio of 1.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.34. DICK’S Sporting Goods, Inc. has a 12-month low of $124.00 and a 12-month high of $244.38.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Tuesday, August 25th. The sporting goods retailer reported $3.53 EPS for the quarter, missing analysts’ consensus estimates of $3.75 by ($0.22). The business had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.64 billion. DICK’S Sporting Goods had a net margin of 4.71% and a return on equity of 22.22%. The firm’s quarterly revenue was up 53.2% compared to the same quarter last year. During the same quarter last year, the firm earned $4.38 earnings per share. DICK’S Sporting Goods has set its FY 2026 guidance at 11.000-12.000 EPS. Analysts expect that DICK’S Sporting Goods, Inc. will post 14.24 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Friday, September 11th. DICK’S Sporting Goods’s payout ratio is presently 47.53%.

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.