EFG International AG Invests $7.12 Million in DICK’S Sporting Goods, Inc. $DKS

EFG International AG 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 31,401 shares of the sporting goods retailer’s stock, valued at approximately $7,122,000.

A number of other hedge funds also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in DICK’S Sporting Goods in the second quarter worth $1,501,321,000. Viking Global Investors LP bought a new position in shares of DICK’S Sporting Goods during the fourth quarter valued at about $509,371,000. Norges Bank bought a new position in shares of DICK’S Sporting Goods during the fourth quarter valued at about $192,639,000. Atreides Management LP purchased a new position in shares of DICK’S Sporting Goods in the second quarter worth about $172,715,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of DICK’S Sporting Goods in the second quarter worth about $128,943,000. Institutional investors own 89.83% of the company’s stock.

Key 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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. DA Davidson reissued a “buy” rating and issued a $260.00 target price on shares of DICK’S Sporting Goods in a research note on Monday, August 17th. The Goldman Sachs Group restated a “buy” rating on shares of DICK’S Sporting Goods in a research report on Monday, August 3rd. Loop Capital reaffirmed a “hold” rating and issued a $140.00 price target on shares of DICK’S Sporting Goods in a research note on Tuesday. BTIG Research reiterated a “buy” rating and issued a $300.00 price objective on shares of DICK’S Sporting Goods in a research report on Thursday, May 28th. Finally, Telsey Advisory Group increased their price objective on DICK’S Sporting Goods from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $243.65.

DICK’S Sporting Goods Stock Performance

DICK’S Sporting Goods stock opened at $124.31 on Wednesday. The company has a current ratio of 1.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.34. The firm has a market cap 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. DICK’S Sporting Goods, Inc. has a 1-year low of $124.00 and a 1-year high of $244.38. The firm has a 50-day moving average of $211.11 and a 200-day moving average of $210.64.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results 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). DICK’S Sporting Goods had a net margin of 4.71% and a return on equity of 22.22%. The business had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.64 billion. During the same period in the previous year, the company earned $4.38 EPS. The company’s revenue for the quarter was up 53.2% on a year-over-year basis. DICK’S Sporting Goods has set its FY 2026 guidance at 11.000-12.000 EPS. Sell-side analysts expect that DICK’S Sporting Goods, Inc. will post 14.24 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, September 11th. This represents a $5.00 annualized dividend and a dividend yield of 4.0%. DICK’S Sporting Goods’s payout ratio is 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.