DICK'S Sporting Goods, Inc. $DKS Shares Bought by Darsana Capital Partners LP

Key Points

• Darsana Capital Partners increased its DICK’S Sporting Goods stake by 9.1% in the second quarter, acquiring 125,000 additional shares for a total of 1.5 million shares valued at approximately $340.2 million.
• Analysts remain mixed but have sharply reduced price targets following the company’s quarterly earnings miss; the stock carries an average “Hold” rating and a consensus target of $167.20.
• DICK’S reported quarterly earnings of $3.53 per share, below the $3.74 consensus estimate, while revenue reached $5.59 billion. The company declared a quarterly dividend of $1.25 per share, representing a 3.7% annualized yield.

Darsana Capital Partners LP increased its stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 9.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,500,000 shares of the sporting goods retailer's stock after acquiring an additional 125,000 shares during the period. DICK'S Sporting Goods makes up approximately 1.5% of Darsana Capital Partners LP's investment portfolio, making the stock its 9th biggest position. Darsana Capital Partners LP owned approximately 1.68% of DICK'S Sporting Goods worth $340,215,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jacobi Capital Management LLC lifted its position in DICK'S Sporting Goods by 4.5% in the fourth quarter. Jacobi Capital Management LLC now owns 1,189 shares of the sporting goods retailer's stock worth $235,000 after purchasing an additional 51 shares during the period. Lido Advisors LLC raised its stake in shares of DICK'S Sporting Goods by 3.9% in the 3rd quarter. Lido Advisors LLC now owns 1,358 shares of the sporting goods retailer's stock worth $302,000 after buying an additional 51 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in shares of DICK'S Sporting Goods by 2.4% in the first quarter. Fifth Third Wealth Advisors LLC now owns 2,284 shares of the sporting goods retailer's stock valued at $453,000 after buying an additional 54 shares during the period. PCB Capital LLC lifted its holdings in shares of DICK'S Sporting Goods by 1.5% in the first quarter. PCB Capital LLC now owns 3,607 shares of the sporting goods retailer's stock valued at $715,000 after buying an additional 55 shares during the period. Finally, Parallel Advisors LLC boosted its stake in DICK'S Sporting Goods by 5.9% during the fourth quarter. Parallel Advisors LLC now owns 980 shares of the sporting goods retailer's stock valued at $194,000 after buying an additional 55 shares in the last quarter. Institutional investors own 89.83% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on DKS shares. UBS Group dropped their price target on shares of DICK'S Sporting Goods from $275.00 to $178.00 and set a "buy" rating on the stock in a research report on Thursday, August 27th. Zacks Research cut shares of DICK'S Sporting Goods from a "hold" rating to a "strong sell" rating in a research note on Tuesday, September 1st. BTIG Research cut their target price on shares of DICK'S Sporting Goods from $300.00 to $180.00 and set a "buy" rating for the company in a research note on Wednesday, August 26th. The Goldman Sachs Group decreased their price target on shares of DICK'S Sporting Goods from $271.00 to $170.00 and set a "buy" rating on the stock in a research report on Wednesday, August 26th. Finally, Wells Fargo & Company dropped their price target on DICK'S Sporting Goods from $240.00 to $185.00 and set an "overweight" rating on the stock in a report on Tuesday, August 25th. Twelve analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $167.20.

DICK'S Sporting Goods Price Performance

DKS stock opened at $133.57 on Thursday. DICK'S Sporting Goods, Inc. has a one year low of $120.40 and a one year high of $244.38. The firm has a 50-day moving average of $189.51 and a two-hundred day moving average of $205.38. The firm has a market capitalization of $11.95 billion, a PE ratio of 14.35, a P/E/G ratio of 1.53 and a beta of 1.11. The company has a current ratio of 1.49, a quick ratio of 0.36 and a debt-to-equity ratio of 0.33.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released 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 $3.74 by ($0.21). The firm had revenue of $5.59 billion during the quarter, compared to analysts' expectations of $5.64 billion. DICK'S Sporting Goods had a return on equity of 19.21% and a net margin of 3.97%.The business's revenue was up 53.2% on a year-over-year basis. During the same period last 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, analysts forecast that DICK'S Sporting Goods, Inc. will post 11.73 earnings per share for the current year.

DICK'S Sporting Goods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be issued a $1.25 dividend. The ex-dividend date is Friday, September 11th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 3.7%. DICK'S Sporting Goods's dividend payout ratio is presently 53.71%.

Key Stories Impacting DICK'S Sporting Goods

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

• Positive Sentiment: Options activity provided a limited bullish signal, with traders purchasing 6,416 DKS call contracts—about 13% above the average daily volume of 5,668 calls. Options trading report
• Neutral Sentiment: Several law firms are soliciting investors for an already-filed securities class action covering purchases made from September 8, 2025, through August 24, 2026. Kaplan Fox said the deadline to seek lead-plaintiff status is November 3, 2026. These announcements largely repeat the same lawsuit rather than representing separate new claims. Kaplan Fox class action deadline announcement
• Negative Sentiment: The litigation and a related investigation allege potential securities-law violations connected with disclosures about the Foot Locker deal, inventory buildup, markdowns and declining profitability. Continued legal costs, reputational damage and uncertainty could weigh on DKS. DKS securities fraud investigation
• Negative Sentiment: Zacks Research lowered its estimates for DKS’s first- and second-quarter 2029 earnings to $3.69 and $4.40 per share, respectively, from $3.82 and $4.76. Zacks also maintained a “Strong Sell” rating, reinforcing concerns about the retailer’s longer-term earnings outlook. DKS earnings estimate report

Insiders Place Their Bets

In other DICK'S Sporting Goods news, Director Sandeep Mathrani bought 1,550 shares of the stock in a transaction on Wednesday, August 26th. The shares were bought at an average price of $128.89 per share, with a total value of $199,779.50. Following the purchase, the director directly 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 document filed with the SEC, which can be accessed 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 purchase, the director owned 10,886 shares in the company, valued at approximately $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. In the last ninety days, insiders acquired 29,563 shares of company stock worth $3,843,882. 28.91% of the stock is currently owned by corporate insiders.

DICK'S Sporting Goods Company 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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