Cantor Fitzgerald Investment Advisors L.P. Buys New Position in DICK'S Sporting Goods, Inc. $DKS

Key Points

• Cantor Fitzgerald Investment Advisors purchased a new 10,050-share stake in DICK’S Sporting Goods valued at approximately $1.35 million. Institutional investors and hedge funds collectively own 89.83% of the company.
• DICK’S reported quarterly revenue of $5.59 billion, up 53.2% year over year, but missed earnings and revenue estimates. Analysts have an average “Hold” rating and a $166.85 price target, while the company reaffirmed fiscal 2026 EPS guidance of $11.00–$12.00.
• The company faces heightened legal and reputational risk from a securities class-action lawsuit alleging executives overstated Foot Locker’s inventory cleanup and margin performance before lowering its outlook.

Cantor Fitzgerald Investment Advisors L.P. purchased a new stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 10,050 shares of the sporting goods retailer's stock, valued at approximately $1,350,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in shares of DICK'S Sporting Goods during the second quarter worth about $1,501,321,000. Bank of America Corp DE bought a new stake in shares of DICK'S Sporting Goods in the second quarter worth $1,024,000,000. Bank of New York Mellon Corp acquired a new position in DICK'S Sporting Goods during the second quarter worth $128,943,000. Atreides Management LP acquired a new stake in DICK'S Sporting Goods in the 2nd quarter valued at $85,081,000. Finally, Maverick Capital Ltd. lifted its position in DICK'S Sporting Goods by 25.3% during the 1st quarter. Maverick Capital Ltd. now owns 1,044,903 shares of the sporting goods retailer's stock worth $207,194,000 after buying an additional 210,654 shares in the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting DICK'S Sporting Goods

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

• Positive Sentiment: DICK'S Sporting Goods secured a multi-year deal to serve as the New York Knicks’ footwear retail partner. The agreement could support brand visibility, customer traffic and footwear sales, although financial terms were not disclosed. DICK'S Sporting Goods Lands Multi-Year Knicks Footwear Retail Deal
• Positive Sentiment: DICK’S and Foot Locker plan to hire more than 11,000 seasonal employees for the 2026 holiday period. The hiring plan indicates preparation for holiday demand and supports store operations, though it will also increase seasonal labor expenses. DICK'S to Hire Over 11,000 Seasonal Teammates
• Neutral Sentiment: DKS outpaced the broader market in the latest trading session. The move reflects positive market momentum, but does not represent a new change to the company’s earnings outlook. DICK'S Sporting Goods Outpaces Stock Market Gains
• Negative Sentiment: Multiple law firms publicized a securities class action against DICK'S Sporting Goods and certain executives, including CFO Navdeep Gupta. The lawsuit alleges that management overstated the progress of Foot Locker’s inventory cleanup and margin performance before the company reduced its Foot Locker sales outlook, an announcement reportedly associated with a sharp share-price decline. Investors who purchased shares between September 8, 2025, and August 24, 2026, have until November 3, 2026, to seek lead-plaintiff status. The repeated announcements are largely duplicative reminders rather than separate lawsuits, but they increase legal, financial and reputational risk. SueWallSt DICK'S Sporting Goods Class Action Reminder

DICK'S Sporting Goods Price Performance

Shares of DKS opened at $140.82 on Friday. The business has a 50-day moving average of $148.36 and a 200-day moving average of $193.37. DICK'S Sporting Goods, Inc. has a 1 year low of $120.15 and a 1 year high of $244.38. The company has a market capitalization of $12.52 billion, a price-to-earnings ratio of 15.13, a price-to-earnings-growth ratio of 2.60 and a beta of 1.09. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 0.36.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted 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). The business had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.64 billion. DICK'S Sporting Goods had a net margin of 3.97% and a return on equity of 19.21%. The business'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 posted $4.38 EPS. DICK'S Sporting Goods has set its FY 2026 guidance at 11.000-12.000 EPS. As a group, equities research analysts anticipate that DICK'S Sporting Goods, Inc. will post 11.69 earnings per share for the current year.

DICK'S Sporting Goods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were issued a $1.25 dividend. The ex-dividend date was Friday, September 11th. This represents a $5.00 annualized dividend and a yield of 3.6%. DICK'S Sporting Goods's payout ratio is 53.71%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Telsey Advisory Group reissued a "market perform" rating and issued a $145.00 price objective (down from $255.00) on shares of DICK'S Sporting Goods in a report on Wednesday, August 26th. KGI Securities lowered DICK'S Sporting Goods from an "outperform" rating to a "neutral" rating and set a $135.10 price objective on the stock. in a research note on Wednesday, August 26th. Oppenheimer decreased their target price on DICK'S Sporting Goods from $270.00 to $150.00 and set an "outperform" rating on the stock in a report on Wednesday, August 26th. The Goldman Sachs Group dropped their price target on DICK'S Sporting Goods from $271.00 to $170.00 and set a "buy" rating on the stock in a research note on Wednesday, August 26th. Finally, Loop Capital reiterated a "hold" rating and issued a $140.00 price objective on shares of DICK'S Sporting Goods in a report on Tuesday, August 25th. Eleven equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $166.85.

Insider Activity at DICK'S Sporting Goods

In other DICK'S Sporting Goods news, EVP Navdeep Gupta bought 7,707 shares of DICK'S Sporting Goods stock in a transaction on Tuesday, September 22nd. The stock was acquired at an average price of $129.75 per share, with a total value of $999,983.25. Following the acquisition, the executive vice president owned 86,580 shares in the company, valued at approximately $11,233,755. This trade represents a 9.77% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark J. Barrenechea purchased 17,000 shares of the firm's stock in a transaction dated Thursday, August 27th. The stock was acquired at an average price of $130.72 per share, with a total value of $2,222,240.00. Following the purchase, the director directly owned 25,977 shares of the company's stock, valued at approximately $3,395,713.44. The trade was a 189.37% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought 42,795 shares of company stock valued at $5,588,641 over 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 U.S.-based omnichannel sporting goods retailer that sells athletic apparel, footwear, sports equipment and related accessories. Its merchandise serves a broad range of sports and outdoor activities, including team sports, fitness, golf, running, hunting, fishing and camping.

The company operates through its DICK'S Sporting Goods stores and digital platforms, offering products from major athletic brands as well as private-label merchandise. Its retail portfolio also includes specialized concepts such as Golf Galaxy, Public Lands and House of Sport, which provide more focused assortments and, in some locations, services and experiences tailored to particular sports and outdoor activities.

DICK'S traces its history to 1948, when Richard “Dick” Stack opened a fishing-tackle store in Binghamton, New York.

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