Connor Clark & Lunn Investment Management Ltd. Makes New Investment in DICK'S Sporting Goods, Inc. $DKS

Key Points

• Connor Clark & Lunn Investment Management acquired 81,339 DICK’S Sporting Goods shares worth approximately $18.4 million, while institutional investors collectively own 89.83% of the company.
• DICK’S reported quarterly EPS of $3.53, below the $3.75 consensus estimate, and revenue of $5.59 billion versus expectations of $5.64 billion. Despite the miss, revenue increased 53.2% year over year and analysts maintain a “Moderate Buy” consensus with an average $243.65 price target.
• The company declared a quarterly dividend of $1.25 per share, equivalent to $5.00 annually and a 4.0% yield, while maintaining its core-business comparable-sales growth outlook of 2.5% to 4.0%.

Connor Clark & Lunn Investment Management Ltd. bought a new position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 81,339 shares of the sporting goods retailer's stock, valued at approximately $18,448,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.09% of DICK'S Sporting Goods as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of DKS. BlackRock Inc. bought a new stake in shares of DICK'S Sporting Goods in the 2nd quarter valued at approximately $1,501,321,000. Viking Global Investors LP bought a new position in DICK'S Sporting Goods during the fourth quarter worth $509,371,000. Norges Bank bought a new position in DICK'S Sporting Goods during the fourth quarter worth $192,639,000. Atreides Management LP acquired a new position in DICK'S Sporting Goods in the second quarter worth $172,715,000. Finally, Bank of New York Mellon Corp acquired a new position in DICK'S Sporting Goods in the second quarter worth $128,943,000. Institutional investors and hedge funds own 89.83% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on DKS. Robert W. Baird set a $264.00 target price on shares of DICK'S Sporting Goods in a report on Thursday, May 28th. Morgan Stanley lifted their price target on shares of DICK'S Sporting Goods from $250.00 to $270.00 and gave the company an "overweight" rating in a report on Thursday, May 28th. Weiss Ratings downgraded shares of DICK'S Sporting Goods from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, June 5th. Wells Fargo & Company set a $185.00 price objective on shares of DICK'S Sporting Goods and gave the company an "overweight" rating in a research report on Tuesday. Finally, Barclays increased their price objective on shares of DICK'S Sporting Goods from $264.00 to $280.00 and gave the stock an "overweight" rating in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, DICK'S Sporting Goods presently has an average rating of "Moderate Buy" and an average target price of $243.65.

Key Stories Impacting DICK'S Sporting Goods

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

• 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 maintained its core-business comparable-sales outlook of 2.5% to 4.0% growth. DICK'S Sporting Goods Second Quarter Results
• Positive Sentiment: The company declared a quarterly dividend of $1.25 per share, payable September 25 to shareholders of record September 11. The dividend provides ongoing shareholder support following the selloff.
• Positive Sentiment: CNBC’s Jim Cramer argued that investors should not abandon DKS, saying the core business remains relatively strong and that the decline could create a more attractive long-term entry point if Foot Locker stabilizes. Jim Cramer’s Advice on DICK’S Sporting Goods

DICK'S Sporting Goods Price Performance

Shares of DKS opened at $124.31 on Wednesday. The company has a market cap of $11.13 billion, a P/E ratio of 11.82, a PEG ratio of 1.56 and a beta of 1.21. The stock has a fifty day moving average price of $211.11 and a 200 day moving average price of $210.64. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.50 and a quick ratio of 0.38. DICK'S Sporting Goods, Inc. has a 12 month low of $124.00 and a 12 month high of $244.38.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its earnings results on Tuesday, August 25th. The sporting goods retailer reported $3.53 earnings per share for the quarter, missing the consensus estimate of $3.75 by ($0.22). The company had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.64 billion. DICK'S Sporting Goods had a return on equity of 22.22% and a net margin of 4.71%.DICK'S Sporting Goods's quarterly revenue was up 53.2% on a year-over-year basis. During the same period in the prior year, the business earned $4.38 earnings per share. DICK'S Sporting Goods has set its FY 2026 guidance at 11.000-12.000 EPS. On average, research analysts forecast that DICK'S Sporting Goods, Inc. will post 14.24 earnings per share for the current year.

DICK'S Sporting Goods Announces Dividend

The company 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 dividend of $1.25 per share. The ex-dividend date is Friday, September 11th. This represents a $5.00 annualized dividend and a dividend yield of 4.0%. DICK'S Sporting Goods's dividend payout ratio is currently 47.53%.

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.

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