Bank of America Corp DE Acquires New Stake in DICK'S Sporting Goods, Inc. $DKS

Key Points

• Bank of America acquired 4.51 million DICK’S Sporting Goods shares worth approximately $1.02 billion, giving it a 5.04% stake. Institutional investors collectively own 89.83% of the company.
• DICK’S shares were trading near $130.92 after a 3% decline, while the company’s latest quarterly earnings and revenue fell short of analyst expectations. Fiscal 2026 EPS guidance is $11.00–$12.00, and analysts’ average rating is “Hold” with a $167.20 target price.
• The company declared a quarterly dividend of $1.25, equivalent to $5.00 annually and a 3.8% yield; meanwhile, company directors and other insiders purchased shares recently, including more than $3.8 million in insider buying over the past three months.

Bank of America Corp DE acquired a new stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,514,791 shares of the sporting goods retailer's stock, valued at approximately $1,024,000,000. Bank of America Corp DE owned 5.04% of DICK'S Sporting Goods at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the company. Harbor Investment Advisory LLC bought a new stake in shares of DICK'S Sporting Goods in the first quarter valued at $30,000. Elyxium Wealth LLC purchased a new position in shares of DICK'S Sporting Goods during the 4th quarter valued at $35,000. SHP Wealth Management bought a new position in shares of DICK'S Sporting Goods during the 4th quarter worth $38,000. Fideuram Asset Management Ireland dac bought a new position in shares of DICK'S Sporting Goods during the 4th quarter worth $44,000. Finally, Clearstead Advisors LLC grew its stake in shares of DICK'S Sporting Goods by 68.8% during the 4th quarter. Clearstead Advisors LLC now owns 243 shares of the sporting goods retailer's stock worth $48,000 after acquiring an additional 99 shares during the period. 89.83% of the stock is owned by hedge funds and other institutional investors.

DICK'S Sporting Goods Trading Down 3.0%

NYSE DKS opened at $130.92 on Tuesday. The stock's 50-day simple moving average is $183.47 and its two-hundred day simple moving average is $203.75. DICK'S Sporting Goods, Inc. has a twelve month low of $120.40 and a twelve month high of $244.38. 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 market capitalization of $11.64 billion, a price-to-earnings ratio of 14.06, a PEG ratio of 1.57 and a beta of 1.11.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 25th. The sporting goods retailer reported $3.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.74 by ($0.21). DICK'S Sporting Goods had a return on equity of 19.21% and a net margin of 3.97%.The firm had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.64 billion. During the same period last year, the firm 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. Research analysts forecast that DICK'S Sporting Goods, Inc. will post 11.7 EPS for the current fiscal year.

DICK'S Sporting Goods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a $1.25 dividend. The ex-dividend date of this dividend 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 currently 53.71%.

Analyst Ratings Changes

DKS has been the topic of a number of research reports. Morgan Stanley lowered their price objective on DICK'S Sporting Goods from $270.00 to $180.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 26th. Wells Fargo & Company cut their target price on shares of DICK'S Sporting Goods from $240.00 to $185.00 and set an "overweight" rating for the company in a research report on Tuesday, August 25th. Barclays reduced their target price on shares of DICK'S Sporting Goods from $280.00 to $150.00 and set an "overweight" rating for the company in a research note on Wednesday, August 26th. BTIG Research lowered their price target on shares of DICK'S Sporting Goods from $300.00 to $180.00 and set a "buy" rating on the stock in a research report on Wednesday, August 26th. Finally, KGI Securities cut shares of 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, August 26th. Eleven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $167.20.

Trending Headlines about DICK'S Sporting Goods

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

• Positive Sentiment: Robert W. Baird downgraded DICK'S from “outperform” to “neutral” but set a $150 price target, implying potential upside from the recent trading level. Baird analyst rating report
• Neutral Sentiment: DICK'S management presented at the Goldman Sachs Global Consumer and Retail Conference. The event gives investors additional commentary on strategy, Foot Locker integration and consumer demand, although no specific new financial guidance was provided in the available report. Goldman Sachs conference transcript
• Negative Sentiment: Several investor-rights firms, including Kaplan Fox, Robbins LLP, Levi & Korsinsky, Bronstein Gewirtz & Grossman and Rosen Law Firm, are promoting or investigating a securities class action covering investors who purchased DKS shares between September 8, 2025, and August 24, 2026. The lead-plaintiff deadline is November 3, 2026. The allegations remain unproven. Robbins LLP investigation
• Negative Sentiment: The litigation centers on claims that DICK'S and certain executives misled investors about Foot Locker’s growth, profitability, inventory condition and expected margin expansion before the company reduced its Foot Locker sales outlook. Levi and Korsinsky lawsuit notice
• Negative Sentiment: Zacks named DICK'S its “Bear of the Day,” reinforcing the cautious analyst view. This follows the company’s latest quarterly earnings and revenue misses, while full-year fiscal 2026 EPS guidance of $11.00 to $12.00 is below prior-year performance. Zacks Bear of the Day report

Insider Transactions at DICK'S Sporting Goods

In other DICK'S Sporting Goods news, Director Sandeep Mathrani acquired 1,550 shares of the stock in a transaction dated Wednesday, August 26th. The stock was purchased at an average cost of $128.89 per share, for a total transaction of $199,779.50. Following the acquisition, the director owned 11,136 shares in the company, valued at $1,435,319.04. The trade was a 16.17% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert W. Eddy acquired 4,000 shares of the business's stock in a transaction dated Wednesday, August 26th. The stock was acquired at an average cost of $128.69 per share, with a total value of $514,760.00. Following the purchase, the director directly owned 10,886 shares in the company, valued at $1,400,919.34. This represents a 58.09% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired 29,563 shares of company stock worth $3,843,882 in the last three months. Corporate insiders own 28.91% of the company's stock.

About DICK'S Sporting Goods

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.

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