Empowered Funds LLC Buys Shares of 10,129 DICK'S Sporting Goods, Inc. $DKS

Key Points

• Empowered Funds LLC initiated a position in DICK’S Sporting Goods by purchasing 10,129 shares valued at approximately $2.3 million. Institutional investors collectively own 89.83% of the company.
• Company insiders have been buying shares, with directors William Colombo and Robert Eddy purchasing a combined 9,000 shares; insiders acquired 29,563 shares worth $3.84 million over the past 90 days.
• DICK’S missed quarterly earnings and revenue expectations, while lowering parts of its outlook amid Foot Locker integration concerns. Analysts still maintain a “Moderate Buy” consensus with an average price target of $170.22, and the company pays a quarterly dividend of $1.25 per share.

Empowered Funds LLC purchased a new position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 10,129 shares of the sporting goods retailer's stock, valued at approximately $2,297,000.

Several other large investors also recently made changes to their positions in the stock. Harbor Investment Advisory LLC bought a new position in shares of DICK'S Sporting Goods in the 1st quarter valued at approximately $30,000. Elyxium Wealth LLC acquired a new stake in DICK'S Sporting Goods in the 4th quarter worth approximately $35,000. SHP Wealth Management bought a new stake in DICK'S Sporting Goods during the fourth quarter worth approximately $38,000. Fideuram Asset Management Ireland dac bought a new stake in DICK'S Sporting Goods during the fourth quarter worth approximately $44,000. Finally, Clearstead Advisors LLC grew its holdings in DICK'S Sporting Goods by 68.8% during the fourth quarter. Clearstead Advisors LLC now owns 243 shares of the sporting goods retailer's stock valued at $48,000 after purchasing an additional 99 shares during the last quarter. Institutional investors own 89.83% of the company's stock.

Insider Activity at DICK'S Sporting Goods

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 shares were acquired at an average cost 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 in the company, valued at $23,039,206.64. This represents a 2.87% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert W. Eddy purchased 4,000 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were purchased at an average price of $128.69 per share, for a total transaction of $514,760.00. Following the completion of the purchase, the director directly owned 10,886 shares of the company's stock, valued at approximately $1,400,919.34. This trade represents a 58.09% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 29,563 shares of company stock worth $3,843,882 over the last ninety days. Corporate insiders own 28.91% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Jefferies Financial Group set a $171.00 price objective on shares of DICK'S Sporting Goods in a report on Tuesday, August 25th. Guggenheim reissued a "neutral" rating on shares of DICK'S Sporting Goods in a research report on Wednesday, August 26th. Oppenheimer decreased their price target on shares of DICK'S Sporting Goods from $270.00 to $150.00 and set an "outperform" rating for the company in a report on Wednesday, August 26th. The Goldman Sachs Group lowered 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 report on Wednesday, August 26th. Finally, BNP Paribas Exane reiterated an "underperform" rating and issued a $99.00 price objective on shares of DICK'S Sporting Goods in a research note on Wednesday, August 26th. Twelve analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, DICK'S Sporting Goods currently has a consensus rating of "Moderate Buy" and a consensus target price of $170.22.

Key DICK'S Sporting Goods News

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

• Positive Sentiment: Four DICK’S directors reportedly purchased approximately $3.7 million of stock after the recent decline, signaling that insiders view the lower share price as attractive. Director William J. Colombo separately bought 913 shares for about $121,600, increasing his position to 181,000 shares. Dick's Sporting Goods Directors Buy $3.7 Million of Stock After Shares Plunge SEC insider transaction filing
• Neutral Sentiment: Valuation-focused coverage highlights that DKS has fallen substantially and now offers a dividend yield near 4%, but argues investors should wait because earnings and integration risks remain unresolved. DICK'S Sporting Goods: Crashed 31% And Now Yielding Near 4%
• Negative Sentiment: Recent earnings showed weaker-than-expected results, while management reduced its consolidated non-GAAP operating-profit outlook and Foot Locker comparable-sales projections. Coverage says the Foot Locker integration is obscuring otherwise stronger core business performance. DICK'S Sporting Goods Securities Investigation Notice DICK’S Sporting Goods’ Foot Locker Integration Clouding Strong Core Results
• Negative Sentiment: Several law firms, including Kirby McInerney, Bragar Eagel & Squire, Kaplan Fox, Levi & Korsinsky, Bleichmar Fonti & Auld and Pomerantz, announced investigations into potential securities-law violations. The inquiries center on whether DICK’S adequately disclosed Foot Locker-related inventory, discounting and profit pressures. These announcements are largely investor-solicitation notices and do not establish wrongdoing, but they add legal and reputational overhang. DKS Shareholder Alert Kaplan Fox Investigation

DICK'S Sporting Goods Trading Up 3.3%

Shares of DICK'S Sporting Goods stock opened at $137.33 on Thursday. The company's fifty day simple moving average is $199.13 and its 200-day simple moving average is $207.70. The company has a market cap of $12.29 billion, a price-to-earnings ratio of 14.75, a PEG ratio of 1.54 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, Inc. has a 1 year low of $120.40 and a 1 year high of $244.38.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its earnings results on Tuesday, August 25th. The sporting goods retailer reported $3.53 earnings per share (EPS) 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 return on equity of 19.21% and a net margin of 3.97%.The company's revenue was up 53.2% compared to the same quarter last year. During the same period last year, the firm posted $4.38 EPS. DICK'S Sporting Goods has set its FY 2026 guidance at 11.000-12.000 EPS. As a group, sell-side analysts expect that DICK'S Sporting Goods, Inc. will post 11.73 EPS for the current year.

DICK'S Sporting Goods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be issued 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 3.6%. DICK'S Sporting Goods's payout ratio is presently 53.71%.

About DICK'S Sporting Goods

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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