Montanova Capital LLC Buys Shares of 151,320 DICK'S Sporting Goods, Inc. $DKS

Key Points

• Montanova Capital acquired 151,320 shares of DICK’S Sporting Goods in the second quarter, worth approximately $34.3 million and representing a 0.17% stake.
• Institutional investors own 89.83% of the company, while analysts maintain a “Moderate Buy” consensus with an average price target of $170.22, despite several recent target reductions and downgrades.
• DICK’S missed quarterly earnings and revenue estimates, reporting $3.53 in EPS on $5.59 billion in revenue, but revenue still rose 53.2% year over year. The company also declared a $1.25 quarterly dividend, equivalent to a 3.7% annualized yield.

Montanova Capital LLC 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 13F filing with the Securities and Exchange Commission. The firm bought 151,320 shares of the sporting goods retailer's stock, valued at approximately $34,321,000. Montanova Capital LLC owned 0.17% of DICK'S Sporting Goods as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Senator Investment Group LP purchased a new position in shares of DICK'S Sporting Goods in the 2nd quarter valued at about $45,362,000. Moore Capital Management LP purchased a new position in DICK'S Sporting Goods during the second quarter worth $523,000. Northwestern Mutual Wealth Management Co. lifted its holdings in DICK'S Sporting Goods by 73.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 11,773 shares of the sporting goods retailer's stock valued at $2,670,000 after purchasing an additional 4,968 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of DICK'S Sporting Goods by 5.9% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 369,928 shares of the sporting goods retailer's stock valued at $83,903,000 after buying an additional 20,503 shares during the period. Finally, Hsbc Holdings PLC boosted its holdings in shares of DICK'S Sporting Goods by 5.7% during the second quarter. Hsbc Holdings PLC now owns 45,241 shares of the sporting goods retailer's stock worth $10,271,000 after purchasing an additional 2,434 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DKS. Jefferies Financial Group set a $171.00 price target on DICK'S Sporting Goods in a research note on Tuesday, August 25th. KGI Securities downgraded shares of DICK'S Sporting Goods from an "outperform" rating to a "neutral" rating and set a $135.10 price target on the stock. in a research note on Wednesday, August 26th. JPMorgan Chase & Co. lowered their price objective on shares of DICK'S Sporting Goods from $270.00 to $245.00 and set an "overweight" rating for the company in a research note on Monday, August 24th. Wells Fargo & Company dropped their price objective on DICK'S Sporting Goods from $240.00 to $185.00 and set an "overweight" rating for the company in a report on Tuesday, August 25th. Finally, Weiss Ratings downgraded DICK'S Sporting Goods from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, June 5th. Twelve investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, DICK'S Sporting Goods has an average rating of "Moderate Buy" and an average price target of $170.22.

Insider Activity at DICK'S Sporting Goods

In related news, Director William J. Colombo bought 1,100 shares of the company's stock in a transaction dated Thursday, August 27th. The stock was bought at an average price of $129.00 per share, with a total value of $141,900.00. Following the transaction, the director owned 180,087 shares of the company's stock, valued at approximately $23,231,223. This trade represents a 0.61% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert W. Eddy bought 4,000 shares of the business's stock in a transaction dated Wednesday, August 26th. The stock was bought at an average price 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 position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders bought 28,650 shares of company stock valued at $3,722,280. Insiders own 28.91% of the company's stock.

DICK'S Sporting Goods Price Performance

Shares of NYSE DKS opened at $134.58 on Tuesday. The company has a quick ratio of 0.36, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. DICK'S Sporting Goods, Inc. has a fifty-two week low of $120.40 and a fifty-two week high of $244.38. The business has a 50 day moving average price of $203.19 and a two-hundred day moving average price of $208.64. The firm has a market cap of $12.04 billion, a PE ratio of 14.46, a price-to-earnings-growth ratio of 1.43 and a beta of 1.21.

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 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% on a year-over-year basis. During the same period in the previous year, the company earned $4.38 earnings per share. DICK'S Sporting Goods has set its FY 2026 guidance at 11.000-12.000 EPS. Sell-side analysts expect that DICK'S Sporting Goods, Inc. will post 11.72 earnings per share for the current fiscal year.

DICK'S Sporting Goods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $5.00 annualized dividend and a yield of 3.7%. DICK'S Sporting Goods's dividend payout ratio is currently 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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