Tidal Investments LLC Boosts Stake in DICK'S Sporting Goods, Inc. $DKS

Key Points

• Tidal Investments increased its DICK’S Sporting Goods stake by 1,429.8% in the second quarter, while institutional investors collectively owned 89.83% of the company’s shares.
• DICK’S reported quarterly EPS of $3.53, below the $3.74 consensus estimate, and revenue of $5.59 billion versus expectations of $5.64 billion. The company guided fiscal 2026 EPS to $11–$12, contributing to a consensus “Hold” rating and $167.20 average price target.
• The company declared a quarterly dividend of $1.25 per share, equivalent to a 3.7% yield, while two directors purchased shares totaling more than $2.8 million.

Tidal Investments LLC raised its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 1,429.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,479 shares of the sporting goods retailer's stock after purchasing an additional 37,833 shares during the quarter. Tidal Investments LLC's holdings in DICK'S Sporting Goods were worth $9,181,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. WINTON GROUP Ltd grew its stake in shares of DICK'S Sporting Goods by 1,573.8% in the second quarter. WINTON GROUP Ltd now owns 55,167 shares of the sporting goods retailer's stock valued at $12,512,000 after buying an additional 51,871 shares in the last quarter. Senator Investment Group LP bought a new stake in shares of DICK'S Sporting Goods in the second quarter worth $45,362,000. The Manufacturers Life Insurance Company bought a new stake in shares of DICK'S Sporting Goods in the 2nd quarter worth about $11,466,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in DICK'S Sporting Goods in the second quarter valued at about $18,448,000. Finally, California State Teachers Retirement System lifted its holdings in DICK'S Sporting Goods by 20,961.0% during the 2nd quarter. California State Teachers Retirement System now owns 15,878,288 shares of the sporting goods retailer's stock worth $3,601,355,000 after buying an additional 15,802,896 shares during the last quarter. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

DICK'S Sporting Goods Trading Up 1.6%

Shares of NYSE DKS opened at $135.23 on Friday. DICK'S Sporting Goods, Inc. has a 12-month low of $120.40 and a 12-month high of $244.38. The company has a market cap of $12.03 billion, a price-to-earnings ratio of 14.53, a price-to-earnings-growth ratio of 1.57 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. The stock's 50 day simple moving average is $185.44 and its 200 day simple moving average is $204.38.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its quarterly earnings data 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 return on equity of 19.21% and a net margin of 3.97%.The company had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.64 billion. During the same quarter in the previous year, the company earned $4.38 earnings per share. DICK'S Sporting Goods'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. Equities research analysts expect that DICK'S Sporting Goods, Inc. will post 11.7 EPS for the current year.

DICK'S Sporting Goods Dividend Announcement

The firm also recently disclosed 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 3.7%. DICK'S Sporting Goods's payout ratio is currently 53.71%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Loop Capital reiterated a "hold" rating and issued a $140.00 price target on shares of DICK'S Sporting Goods in a report on Tuesday, August 25th. Guggenheim restated a "neutral" rating on shares of DICK'S Sporting Goods in a research note on Wednesday, August 26th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of DICK'S Sporting Goods in a report on Wednesday, September 2nd. JPMorgan Chase & Co. lowered their target price 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. Finally, The Goldman Sachs Group lowered their target price on shares of DICK'S Sporting Goods from $271.00 to $170.00 and set a "buy" rating for the company in a research note on Wednesday, August 26th. Twelve investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $167.20.

Insiders Place Their Bets

In related news, Director Mark J. Barrenechea acquired 17,000 shares of the firm's stock in a transaction dated Thursday, August 27th. The stock was acquired at an average cost of $130.72 per share, for a total transaction of $2,222,240.00. Following the completion of the acquisition, the director directly owned 25,977 shares of the company's stock, valued at approximately $3,395,713.44. The trade was a 189.37% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director William J. Colombo purchased 5,000 shares of the firm's stock in a transaction on Wednesday, August 26th. The shares were purchased at an average cost of $128.72 per share, with a total value of $643,600.00. Following the completion of the purchase, the director owned 178,987 shares in the company, valued at $23,039,206.64. This represents a 2.87% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have purchased 29,563 shares of company stock worth $3,843,882. Insiders own 28.91% of the company's stock.

More DICK'S Sporting Goods News

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

• Positive Sentiment: Investors traded a large volume of DKS call options, suggesting that some market participants are positioning for a rebound or seeking leveraged upside exposure. Stock Traders Purchase Large Volume of DICK'S Sporting Goods Call Options
• Neutral Sentiment: Several investor-rights law firms announced or promoted a securities class action covering shareholders who purchased DKS stock from September 8, 2025, through August 24, 2026. The lead-plaintiff deadline is November 3, 2026. These notices largely repeat the same information and do not represent a court finding of wrongdoing. Class Action Filed Alleging Investor Harm
• Negative Sentiment: The lawsuits allege investor harm related to DICK’S statements about its Foot Locker integration and the subsequent guidance reduction. One notice said DKS fell about 30% on August 25 after the company’s earnings and outlook update, highlighting the potential reputational, legal and financial risks for investors. DKS Shareholder Alert
• Negative Sentiment: Analyst sentiment deteriorated further: Zacks Research added DKS to its Rank #5 “Strong Sell” list, while BMO Capital Markets also reportedly rated the stock “Strong Sell.” Zacks reduced multiple quarterly and annual EPS forecasts, including FY2027 EPS from $14.10 to $11.49 and FY2028 EPS from $16.26 to $13.43. New Strong Sell Stocks
• Negative Sentiment: The latest forecast revisions follow DICK’S recent quarterly miss, when EPS of $3.53 came in below the $3.74 consensus and revenue of $5.59 billion trailed the $5.64 billion estimate. The company also guided to fiscal 2026 EPS of $11.00–$12.00, reinforcing concerns about earnings momentum.

DICK'S Sporting Goods Company Profile

DICK'S Sporting Goods, Inc is a leading American sporting goods retailer that sells athletic equipment, apparel, footwear and accessories for a broad range of sports and outdoor activities. Its merchandise includes products for fitness, team sports, golf, running, hunting, fishing and camping, as well as casual and performance-oriented clothing and footwear.

The company operates through its DICK'S Sporting Goods stores and e-commerce platform, along with specialty and concept businesses including Golf Galaxy, Public Lands and House of Sport locations.

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