California State Teachers Retirement System Buys 15,802,896 Shares of DICK'S Sporting Goods, Inc. $DKS

Key Points

• California State Teachers Retirement System bought 15.8 million additional DICK’S Sporting Goods shares, increasing its stake to approximately 17.74%, valued at $3.6 billion. Institutional investors now own 89.83% of the company.
• DICK’S latest quarterly results missed expectations, with EPS of $3.53 versus the $3.74 consensus and revenue of $5.59 billion versus $5.64 billion expected. The company issued fiscal 2026 EPS guidance of $11.00–$12.00, while analysts’ average rating is “Hold” with a $167.20 price target.
• Shares opened at $133.30, near the lower end of their 52-week range, amid lowered analyst price targets, reduced earnings forecasts and legal risks tied to the Foot Locker integration. Directors also purchased shares recently, and the company announced a quarterly dividend of $1.25, equivalent to a 3.8% annual yield.

California State Teachers Retirement System boosted its stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 20,961.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 15,878,288 shares of the sporting goods retailer's stock after buying an additional 15,802,896 shares during the period. California State Teachers Retirement System owned approximately 17.74% of DICK'S Sporting Goods worth $3,601,355,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of DICK'S Sporting Goods in the 2nd quarter worth about $1,501,321,000. Bank of America Corp DE bought a new position in DICK'S Sporting Goods during the 2nd quarter valued at about $1,024,000,000. State Street Corp raised its position in DICK'S Sporting Goods by 17.7% in the 3rd quarter. State Street Corp now owns 2,606,541 shares of the sporting goods retailer's stock worth $579,226,000 after purchasing an additional 391,694 shares during the period. Viking Global Investors LP purchased a new stake in DICK'S Sporting Goods in the 4th quarter worth about $509,371,000. Finally, Geode Capital Management LLC lifted its stake in DICK'S Sporting Goods by 1.3% in 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 purchasing an additional 16,051 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director William J. Colombo bought 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 26th. The stock was bought at an average price of $128.72 per share, with a total value of $643,600.00. Following the completion of the transaction, the director directly owned 178,987 shares of the company's stock, valued at approximately $23,039,206.64. The trade was a 2.87% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert W. Eddy bought 4,000 shares of the stock in a transaction on Wednesday, August 26th. The stock was purchased at an average price of $128.69 per share, with a total value of $514,760.00. Following the completion of the purchase, the director owned 10,886 shares of the company's stock, valued at $1,400,919.34. This represents a 58.09% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought 29,563 shares of company stock worth $3,843,882 in the last quarter. 28.91% of the stock is currently owned by corporate insiders.

Key DICK'S Sporting Goods News

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

• Positive Sentiment: Traders purchased a large volume of DKS call options, indicating some investors are positioning for a potential rebound despite the recent weakness. Stock Traders Purchase Large Volume of DICK'S Sporting Goods Call Options
• Neutral Sentiment: Several law firms reminded shareholders that November 3, 2026 is the deadline to seek lead-plaintiff status in a securities class action covering investors who purchased DKS shares between September 8, 2025 and August 24, 2026. These notices repeat the same lawsuit and do not represent new operating developments. ROSEN securities class action notice
• Negative Sentiment: The securities lawsuit alleges that DICK’S and certain executives violated federal securities laws in connection with statements about the Foot Locker integration. Investor alerts say the case followed an August guidance cut that was associated with a reported $55.02-per-share decline. The allegations have not been proven, but the litigation creates legal, reputational and potential financial risks. DKS shareholder alert and class action details
• Negative Sentiment: Zacks Research lowered its EPS forecasts across fiscal 2027 through fiscal 2029, including fiscal 2027 EPS from $14.10 to $11.49 and fiscal 2028 EPS from $16.26 to $13.43. Zacks maintains a “Strong Sell” rating, reinforcing concerns about DICK’S longer-term earnings outlook.
• Negative Sentiment: The pressure follows DICK’S latest quarterly results, which missed analysts’ EPS and revenue expectations, while quarterly EPS declined year over year despite revenue growth driven partly by the Foot Locker acquisition.

DICK'S Sporting Goods Trading Down 0.0%

Shares of NYSE DKS opened at $133.30 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 0.36. The stock has a market capitalization of $11.93 billion, a P/E ratio of 14.32, a price-to-earnings-growth ratio of 1.55 and a beta of 1.11. DICK'S Sporting Goods, Inc. has a 1-year low of $120.40 and a 1-year high of $244.38. The business has a fifty day moving average price of $187.46 and a 200 day moving average price of $204.87.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 25th. The sporting goods retailer reported $3.53 earnings per share 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 net margin of 3.97% and a return on equity of 19.21%. DICK'S Sporting Goods's revenue for the quarter was up 53.2% compared to the same quarter last year. During the same period in the previous year, the business earned $4.38 EPS. DICK'S Sporting Goods has set its FY 2026 guidance at 11.000-12.000 EPS. Equities research analysts expect that DICK'S Sporting Goods, Inc. will post 11.7 EPS for the current fiscal year.

DICK'S Sporting Goods Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 3.8%. DICK'S Sporting Goods's payout ratio is presently 53.71%.

Analysts Set New Price Targets

Several research analysts have issued reports on DKS shares. BMO Capital Markets began coverage on DICK'S Sporting Goods in a research report on Tuesday. They set an "underperform" rating and a $110.00 target price for the company. BTIG Research reduced their price target on 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. Zacks Research lowered DICK'S Sporting Goods from a "hold" rating to a "strong sell" rating in a research note on Tuesday, September 1st. Barclays dropped their price objective on DICK'S Sporting Goods from $280.00 to $150.00 and set an "overweight" rating for the company in a report on Wednesday, August 26th. Finally, DA Davidson cut their price objective on DICK'S Sporting Goods from $260.00 to $205.00 and set a "buy" rating on the stock in a research report on Wednesday, August 26th. Twelve investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $167.20.

DICK'S Sporting Goods 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.

Want to see what other hedge funds are holding DKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.