Eastern Bank Trims Position in DICK'S Sporting Goods, Inc. $DKS

Key Points

• Eastern Bank cut its DICK’S Sporting Goods stake by 84% in the third quarter, selling 140,126 shares and retaining 26,711 shares valued at approximately $3.59 million. Institutional investors still own about 89.83% of the company.
• DICK’S shares opened at $137.35, near their 12-month low of $120.15 and well below the 12-month high of $244.38. The company recently missed quarterly EPS and revenue estimates, while analysts maintain a consensus “Hold” rating with an average price target of $166.85.
• Insiders have been buying shares, including significant purchases by executives and directors totaling 42,795 shares worth about $5.59 million over the past three months. The company also pays a quarterly dividend of $1.25, or $5.00 annually, yielding approximately 3.6%.

Eastern Bank lowered its stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 84.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,711 shares of the sporting goods retailer's stock after selling 140,126 shares during the quarter. Eastern Bank's holdings in DICK'S Sporting Goods were worth $3,587,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fifth Third Wealth Advisors LLC lifted its position in DICK'S Sporting Goods by 2.4% during 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 purchasing an additional 54 shares during the last quarter. PCB Capital LLC grew its stake in shares of DICK'S Sporting Goods by 1.5% in the 1st quarter. PCB Capital LLC now owns 3,607 shares of the sporting goods retailer's stock worth $715,000 after buying an additional 55 shares in the last quarter. Stonehearth Capital Management LLC increased its holdings in shares of DICK'S Sporting Goods by 5.5% in the 1st quarter. Stonehearth Capital Management LLC now owns 1,087 shares of the sporting goods retailer's stock worth $216,000 after buying an additional 57 shares during the last quarter. J2 Capital Management Inc increased its holdings in shares of DICK'S Sporting Goods by 2.1% in the 1st quarter. J2 Capital Management Inc now owns 3,030 shares of the sporting goods retailer's stock worth $601,000 after buying an additional 62 shares during the last quarter. Finally, Assetmark Inc. raised its position in shares of DICK'S Sporting Goods by 2.2% during the 1st quarter. Assetmark Inc. now owns 2,887 shares of the sporting goods retailer's stock valued at $572,000 after buying an additional 63 shares in the last quarter. Institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods News Roundup

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

• Positive Sentiment: An insider purchased 3,665 shares of DICK’S Sporting Goods in a recent filing. The transaction may signal confidence in the company’s valuation after the stock’s significant decline, although the purchase is relatively small compared with the company’s market capitalization. DICK'S Sporting Goods insider buys 3,665 shares in latest filing
• Neutral Sentiment: Several law firms reminded investors that November 3, 2026 is the deadline to seek appointment as lead plaintiff in a securities class action covering DKS securities purchased between September 8, 2025 and August 24, 2026. The repeated announcements largely concern the same lawsuit and deadline rather than separate legal actions. Rosen securities class-action deadline notice
• Negative Sentiment: The lawsuit names DICK’S Sporting Goods and certain executives and seeks damages for investors, alleging violations of federal securities laws during the class period. The legal claims could increase uncertainty, potential costs and reputational pressure; however, the allegations have not been proven, and the notices do not establish the company’s liability. DICK'S Sporting Goods securities class-action announcement

DICK'S Sporting Goods Price Performance

NYSE DKS opened at $137.35 on Tuesday. The firm's fifty day simple moving average is $158.83 and its two-hundred day simple moving average is $196.51. The firm has a market capitalization of $12.21 billion, a P/E ratio of 14.75, a P/E/G ratio of 2.58 and a beta of 1.09. 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, Inc. has a 12-month low of $120.15 and a 12-month high of $244.38.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its quarterly earnings results on Tuesday, August 25th. The sporting goods retailer reported $3.53 EPS for the quarter, missing analysts' consensus estimates of $3.74 by ($0.21). DICK'S Sporting Goods had a net margin of 3.97% and a return on equity of 19.21%. The business had revenue of $5.59 billion during the quarter, compared to analysts' expectations of $5.64 billion. During the same quarter last year, the business posted $4.38 earnings per share. The company's quarterly revenue was up 53.2% compared to the same quarter last year. DICK'S Sporting Goods has set its FY 2026 guidance at 11.000-12.000 EPS. Analysts forecast that DICK'S Sporting Goods, Inc. will post 11.69 EPS for the current fiscal year.

DICK'S Sporting Goods Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. UBS Group decreased their price objective on 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. BNP Paribas Exane reissued an "underperform" rating and set a $99.00 target price on shares of DICK'S Sporting Goods in a research report on Wednesday, August 26th. Citigroup decreased their price target on DICK'S Sporting Goods from $280.00 to $190.00 and set a "buy" rating on the stock in a report on Thursday, August 27th. KGI Securities downgraded DICK'S Sporting Goods from an "outperform" rating to a "neutral" rating and set a $135.10 price target for the company. in a research report on Wednesday, August 26th. Finally, Zacks Research lowered shares of DICK'S Sporting Goods from a "hold" rating to a "strong sell" rating in a report on Tuesday, September 1st. Eleven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $166.85.

Insider Buying and Selling

In other news, EVP Navdeep Gupta purchased 7,707 shares of the stock in a transaction on Tuesday, September 22nd. The stock was bought at an average price of $129.75 per share, with a total value of $999,983.25. Following the transaction, the executive vice president owned 86,580 shares in the company, valued at $11,233,755. The trade was a 9.77% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert Eddy bought 4,000 shares of the company's stock in a transaction that occurred on Wednesday, August 26th. The stock was purchased at an average price of $128.69 per share, for a total transaction of $514,760.00. Following the transaction, the director owned 10,886 shares of the company's stock, valued at $1,400,919.34. The trade was a 58.09% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 42,795 shares of company stock worth $5,588,641 over the last three months. Corporate insiders own 28.91% of the company's stock.

DICK'S Sporting Goods Company Profile

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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