Primecap Management Co. CA Takes $14.55 Million Position in DICK’S Sporting Goods, Inc. $DKS

Primecap Management Co. CA purchased a new stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 64,150 shares of the sporting goods retailer’s stock, valued at approximately $14,550,000. Primecap Management Co. CA owned about 0.07% of DICK’S Sporting Goods at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. bought a new position in DICK’S Sporting Goods during the 2nd quarter worth approximately $18,448,000. State of Wyoming acquired a new stake in shares of DICK’S Sporting Goods during the second quarter worth $1,348,000. Financial Synergies Wealth Advisors Inc. bought a new position in DICK’S Sporting Goods during the fourth quarter worth $1,446,000. Principal Financial Group Inc. lifted its holdings in DICK’S Sporting Goods by 56.3% in the fourth quarter. Principal Financial Group Inc. now owns 503,077 shares of the sporting goods retailer’s stock valued at $99,597,000 after buying an additional 181,223 shares during the period. Finally, SCS Capital Management LLC boosted its position in DICK’S Sporting Goods by 10.6% during the fourth quarter. SCS Capital Management LLC now owns 71,121 shares of the sporting goods retailer’s stock valued at $14,080,000 after acquiring an additional 6,837 shares during the last quarter. Institutional investors own 89.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on DKS shares. Jefferies Financial Group set a $171.00 price target on DICK’S Sporting Goods in a report on Tuesday. Bank of America cut their target price on DICK’S Sporting Goods from $245.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday. DA Davidson decreased their target price on DICK’S Sporting Goods from $260.00 to $205.00 and set a “buy” rating for the company in a research note on Wednesday. Telsey Advisory Group reiterated a “market perform” rating and issued a $145.00 target price (down from $255.00) on shares of DICK’S Sporting Goods in a report on Wednesday. Finally, KGI Securities lowered DICK’S Sporting Goods from an “outperform” rating to a “neutral” rating and set a $135.10 price target on the stock. in a research note on Wednesday. Twelve research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $180.06.

Key Stories Impacting DICK’S Sporting Goods

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

• Positive Sentiment: Analysts continue to view the selloff as an opportunity: Bank of America, DA Davidson and BTIG all maintained Buy ratings while lowering their price targets to $200, $205 and $180, respectively. These targets imply substantial potential upside from current levels. Analyst price-target updates
• 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 retained its comparable-sales outlook for the DICK’S business. DICK’S second-quarter results
• Positive Sentiment: DICK’S declared a quarterly dividend of $1.25 per share, payable September 25 to shareholders of record September 11, supporting the stock’s income appeal. DICK’S dividend announcement
• Neutral Sentiment: Unusually high options activity and commentary that sellers may have capitulated suggest elevated trading interest and the possibility of a technical bounce, but also indicate unusually high volatility. DICK’S options activity
• Negative Sentiment: Second-quarter adjusted EPS of $3.53 and revenue of $5.59 billion missed consensus estimates, while EPS declined from $4.38 a year earlier. DICK’S earnings miss
• Negative Sentiment: Foot Locker comparable sales fell 3.6% as athletic footwear became more promotional. Higher discounts, integration costs and other expenses led management to cut operating-income expectations for both businesses and reduce fiscal 2026 EPS guidance to $11-$12, well below analyst expectations. DICK’S guidance reduction
• Negative Sentiment: Several law firms announced investigations into potential securities-law violations following the guidance reduction and stock collapse. These notices may add reputational and legal overhang, although no wrongdoing has been established. DICK’S investor investigation notice

DICK’S Sporting Goods Trading Up 4.6%

DKS opened at $130.02 on Thursday. The company has a fifty day moving average price of $209.22 and a two-hundred day moving average price of $210.11. DICK’S Sporting Goods, Inc. has a 1-year low of $120.40 and a 1-year high of $244.38. The company has a market cap of $11.64 billion, a P/E ratio of 13.97, a price-to-earnings-growth ratio of 1.34 and a beta of 1.21. The company has a current ratio of 1.49, a quick ratio of 0.38 and a debt-to-equity ratio of 0.33.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings data 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 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%.DICK’S Sporting Goods’s revenue for the quarter was up 53.2% compared to the same quarter last year. During the same period last year, the company earned $4.38 EPS. DICK’S Sporting Goods has set its FY 2026 guidance at 11.000-12.000 EPS. Analysts predict that DICK’S Sporting Goods, Inc. will post 11.5 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be issued a $1.25 dividend. The ex-dividend date is Friday, September 11th. This represents a $5.00 annualized dividend and a yield of 3.8%. DICK’S Sporting Goods’s dividend 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.