Legal & General Group Plc Makes New $38.45 Million Investment in DICK’S Sporting Goods, Inc. $DKS

Legal & General Group Plc bought a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 169,502 shares of the sporting goods retailer’s stock, valued at approximately $38,445,000. Legal & General Group Plc owned about 0.19% of DICK’S Sporting Goods at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DKS. BlackRock Inc. purchased a new position in shares of DICK’S Sporting Goods in the 2nd quarter worth approximately $1,501,321,000. Bank of America Corp DE increased its position in shares of DICK’S Sporting Goods by 5.8% during the first quarter. Bank of America Corp DE now owns 3,382,472 shares of the sporting goods retailer’s stock valued at $670,710,000 after acquiring an additional 184,727 shares during the last quarter. State Street Corp increased its position in shares of DICK’S Sporting Goods by 17.7% during the third quarter. State Street Corp now owns 2,606,541 shares of the sporting goods retailer’s stock valued at $579,226,000 after acquiring an additional 391,694 shares during the last quarter. Viking Global Investors LP bought a new stake in DICK’S Sporting Goods during the fourth quarter worth $509,371,000. Finally, Geode Capital Management LLC lifted its holdings in DICK’S Sporting Goods by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 1,226,792 shares of the sporting goods retailer’s stock worth $242,184,000 after acquiring an additional 16,051 shares during the period. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

DICK’S Sporting Goods News Roundup

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

• Positive Sentiment: Several directors made sizable open-market purchases after the earnings-related decline. William J. Colombo bought 6,100 shares for roughly $785,500, Mark J. Barrenechea purchased 17,000 shares for about $2.2 million, Robert W. Eddy bought 4,000 shares, and Sandeep Mathrani acquired 1,550 shares. The transactions may signal that company insiders view the selloff as excessive. SEC insider filing
• Positive Sentiment: Oppenheimer maintained a Buy rating, and Citigroup retained a Buy rating despite reducing its price target to $190 from $280. The new target still implies substantial potential upside from current trading levels. Analyst price target report
• Neutral Sentiment: Multiple law firms announced investigations into potential securities-law violations, including Kaplan Fox, Block & Leviton, BFA Law, Levi & Korsinsky and Pomerantz. These notices are investor solicitations and do not establish that DICK’S violated any law, but they add reputational and litigation risk. Kaplan Fox investigation notice
• Negative Sentiment: DICK’S reported quarterly earnings of $3.53 per share versus the $3.74 consensus estimate, while revenue of $5.59 billion also fell short of expectations. Earnings declined from $4.38 per share a year earlier, intensifying concerns about profitability despite strong reported revenue growth.
• Negative Sentiment: Telsey downgraded the stock to Market Perform and slashed its price target to $145 from $255. DA Davidson and BTIG also issued pessimistic forecasts, reinforcing concerns about the company’s outlook. Analyst downgrade report

Wall Street Analyst Weigh In

DKS has been the subject of several research analyst reports. BNP Paribas Exane reaffirmed an “underperform” rating and set a $99.00 target price on shares of DICK’S Sporting Goods in a research report on Wednesday. Guggenheim reissued a “neutral” rating on shares of DICK’S Sporting Goods in a report on Wednesday. Citigroup reduced their price target on shares of DICK’S Sporting Goods from $280.00 to $190.00 and set a “buy” rating for the company in a research report on Thursday. Robert W. Baird decreased their price objective on shares of DICK’S Sporting Goods from $264.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Truist Financial cut shares of DICK’S Sporting Goods from a “buy” rating to a “hold” rating and dropped their target price for the company from $270.00 to $135.00 in a research note on Wednesday. Twelve analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $170.22.

DICK’S Sporting Goods Stock Up 2.5%

DKS stock opened at $135.09 on Friday. The stock has a fifty day moving average of $205.27 and a 200-day moving average of $209.05. DICK’S Sporting Goods, Inc. has a fifty-two week low of $120.40 and a fifty-two week high of $244.38. The company has a market capitalization of $12.09 billion, a price-to-earnings ratio of 14.51, a PEG ratio of 1.39 and a beta of 1.21. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.38 and a current ratio of 1.49.

DICK’S Sporting Goods (NYSE:DKS) last announced 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 firm had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.64 billion. DICK’S Sporting Goods had a net margin of 3.97% and a return on equity of 19.21%. The company’s revenue was up 53.2% on a year-over-year basis. During the same quarter in the prior year, the firm 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 research analysts predict that DICK’S Sporting Goods, Inc. will post 11.75 earnings per share 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. Stockholders of record on Friday, September 11th will be given 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 3.7%. DICK’S Sporting Goods’s payout ratio is 53.71%.

Insider Buying and Selling at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, Director Mark J. Barrenechea acquired 17,000 shares of DICK’S Sporting Goods stock in a transaction that occurred on Thursday, August 27th. The stock was acquired at an average cost of $130.72 per share, for a total transaction of $2,222,240.00. Following the purchase, the director owned 25,977 shares of the company’s stock, valued at approximately $3,395,713.44. This represents a 189.37% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert W. Eddy bought 4,000 shares of the stock in a transaction on Wednesday, August 26th. The shares were acquired at an average cost of $128.69 per share, for a total transaction of $514,760.00. Following the acquisition, the director directly owned 10,886 shares in the company, valued at approximately $1,400,919.34. This trade represents a 58.09% 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 purchased 28,650 shares of company stock worth $3,722,280. 28.91% of the stock is currently owned by company insiders.

DICK’S Sporting Goods Profile

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.