DICK’S Sporting Goods Target of Unusually Large Options Trading (NYSE:DKS)

DICK’S Sporting Goods, Inc. (NYSE:DKS) saw unusually large options trading activity on Monday. Stock investors purchased 10,988 put options on the stock. This represents an increase of 58% compared to the average volume of 6,943 put options.

Analysts Set New Price Targets

Several equities analysts have issued reports on DKS shares. Jefferies Financial Group set a $171.00 price target on shares of DICK’S Sporting Goods in a report on Tuesday, August 25th. The Goldman Sachs Group dropped their price target on DICK’S Sporting Goods from $271.00 to $170.00 and set a “buy” rating on the stock in a research note on Wednesday, August 26th. BNP Paribas Exane reissued an “underperform” rating and set a $99.00 target price on shares of DICK’S Sporting Goods in a research report on Wednesday, August 26th. Citigroup reduced their target price on DICK’S Sporting Goods from $280.00 to $190.00 and set a “buy” rating for the company in a research note on Thursday, August 27th. Finally, BTIG Research dropped their price objective on shares of DICK’S Sporting Goods from $300.00 to $180.00 and set a “buy” rating on the stock in a report on Wednesday, August 26th. Eleven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, DICK’S Sporting Goods presently has a consensus rating of “Hold” and a consensus target price of $167.20.

Insider Buying and Selling at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, Director William Colombo bought 5,000 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were acquired at an average price of $128.72 per share, with a total value of $643,600.00. Following the transaction, the director owned 178,987 shares of the company’s stock, valued at approximately $23,039,206.64. This trade represents a 2.87% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Sandeep Mathrani purchased 1,550 shares of DICK’S Sporting Goods stock in a transaction dated Wednesday, August 26th. The stock was acquired at an average price of $128.89 per share, with a total value of $199,779.50. Following the acquisition, the director owned 11,136 shares in the company, valued at approximately $1,435,319.04. This represents a 16.17% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders acquired 29,563 shares of company stock worth $3,843,882. Company insiders own 28.91% of the company’s stock.

Hedge Funds Weigh In On DICK’S Sporting Goods

Hedge funds have recently bought and sold shares of the business. Tidal Investments LLC grew its holdings in DICK’S Sporting Goods by 1,429.8% in the second quarter. Tidal Investments LLC now owns 40,479 shares of the sporting goods retailer’s stock valued at $9,181,000 after purchasing an additional 37,833 shares during the period. National Pension Service acquired a new position in shares of DICK’S Sporting Goods during the 2nd quarter worth approximately $740,000. Darsana Capital Partners LP raised its stake in shares of 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 worth $340,215,000 after buying an additional 125,000 shares during the period. WINTON GROUP Ltd lifted its position in shares of DICK’S Sporting Goods by 1,573.8% during the 2nd quarter. WINTON GROUP Ltd now owns 55,167 shares of the sporting goods retailer’s stock valued at $12,512,000 after buying an additional 51,871 shares in the last quarter. Finally, Cidel Asset Management Inc. acquired a new stake in DICK’S Sporting Goods in the 2nd quarter valued at $205,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Performance

Shares of NYSE:DKS traded up $2.14 during trading on Monday, hitting $123.29. 782,409 shares of the stock traded hands, compared to its average volume of 1,756,981. The company has a quick ratio of 0.36, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. The company has a fifty day moving average price of $175.83 and a two-hundred day moving average price of $201.34. DICK’S Sporting Goods has a 52-week low of $120.15 and a 52-week high of $244.38. The company has a market cap of $10.96 billion, a price-to-earnings ratio of 13.25, a P/E/G ratio of 2.29 and a beta of 1.11.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Tuesday, August 25th. The sporting goods retailer reported $3.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.74 by ($0.21). The firm had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.64 billion. DICK’S Sporting Goods had a return on equity of 19.21% and a net margin of 3.97%.The business’s quarterly revenue was up 53.2% on a year-over-year basis. During the same period last year, the company posted $4.38 earnings per share. DICK’S Sporting Goods has set its FY 2026 guidance at 11.000-12.000 EPS. As a group, equities analysts predict that DICK’S Sporting Goods will post 11.7 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Friday, September 11th. This represents a $5.00 dividend on an annualized basis and a yield of 4.1%. DICK’S Sporting Goods’s dividend payout ratio is presently 53.71%.

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.