Wellington Management Group LLP Lowers Holdings in DICK'S Sporting Goods, Inc. $DKS

Key Points

• Wellington Management cut its DICK’S Sporting Goods stake by 12.9%, selling 1.14 million shares and retaining 7.67 million shares valued at approximately $1.74 billion. Institutional investors still own about 89.8% of the company.
• DICK’S reported quarterly EPS of $3.53 and revenue of $5.59 billion, both below analyst expectations, while EPS declined from $4.38 a year earlier despite 53.2% revenue growth. The company maintained fiscal 2026 guidance of $11–$12 EPS.
• Insiders bought shares following the earnings-related selloff, while analysts significantly reduced price targets; the stock carried a consensus “Moderate Buy” rating with a $170.22 target versus its recent price near $135.

Wellington Management Group LLP lowered its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 12.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,673,983 shares of the sporting goods retailer's stock after selling 1,138,841 shares during the quarter. Wellington Management Group LLP owned approximately 8.57% of DICK'S Sporting Goods worth $1,740,536,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Kingsview Wealth Management LLC bought a new stake in DICK'S Sporting Goods during the 2nd quarter valued at $595,000. Beacon Pointe Advisors LLC bought a new position in shares of DICK'S Sporting Goods during the 2nd quarter worth $410,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of DICK'S Sporting Goods during the 2nd quarter worth $91,000. Glenview Trust Co purchased a new position in shares of DICK'S Sporting Goods during the second quarter valued at $1,361,000. Finally, Empowered Funds LLC purchased a new position in shares of DICK'S Sporting Goods during the second quarter valued at $2,297,000. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Robert W. Eddy acquired 4,000 shares of the business's stock in a transaction dated Wednesday, August 26th. The shares were purchased at an average price of $128.69 per share, with a total value of $514,760.00. Following the transaction, the director directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William J. Colombo acquired 5,000 shares of DICK'S Sporting Goods stock in a transaction that occurred on Wednesday, August 26th. The shares were purchased at an average price of $128.72 per share, with a total value of $643,600.00. Following 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 ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 28,650 shares of company stock worth $3,722,280 in the last quarter. 28.91% of the stock is currently owned by corporate insiders.

Key DICK'S Sporting Goods News

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

• Positive Sentiment: Several directors made sizable open-market purchases after the earnings-related decline. William J. Colombo bought 6,100 shares for roughly $785,500, Mark J. Barrenechea purchased 17,000 shares for about $2.2 million, Robert W. Eddy bought 4,000 shares, and Sandeep Mathrani acquired 1,550 shares. The transactions may signal that company insiders view the selloff as excessive. SEC insider filing
• Positive Sentiment: Oppenheimer maintained a Buy rating, and Citigroup retained a Buy rating despite reducing its price target to $190 from $280. The new target still implies substantial potential upside from current trading levels. Analyst price target report
• Neutral Sentiment: Multiple law firms announced investigations into potential securities-law violations, including Kaplan Fox, Block & Leviton, BFA Law, Levi & Korsinsky and Pomerantz. These notices are investor solicitations and do not establish that DICK’S violated any law, but they add reputational and litigation risk. Kaplan Fox investigation notice
• Negative Sentiment: DICK’S reported quarterly earnings of $3.53 per share versus the $3.74 consensus estimate, while revenue of $5.59 billion also fell short of expectations. Earnings declined from $4.38 per share a year earlier, intensifying concerns about profitability despite strong reported revenue growth.
• Negative Sentiment: Telsey downgraded the stock to Market Perform and slashed its price target to $145 from $255. DA Davidson and BTIG also issued pessimistic forecasts, reinforcing concerns about the company’s outlook. Analyst downgrade report

DICK'S Sporting Goods Trading Up 2.5%

Shares of NYSE DKS opened at $135.09 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 0.38. The stock has a market capitalization of $12.09 billion, a P/E ratio of 14.51, a price-to-earnings-growth ratio of 1.39 and a beta of 1.21. DICK'S Sporting Goods, Inc. has a 1-year low of $120.40 and a 1-year high of $244.38. The business has a fifty day moving average price of $205.27 and a 200 day moving average price of $209.05.

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 earnings per share 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 company had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.64 billion. During the same period in the previous year, the business earned $4.38 EPS. DICK'S Sporting Goods's revenue for the quarter 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 11.75 EPS for the current fiscal year.

DICK'S Sporting Goods Announces Dividend

The company also recently declared 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. This represents a $5.00 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Friday, September 11th. DICK'S Sporting Goods's dividend payout ratio (DPR) is currently 53.71%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. BNP Paribas Exane reaffirmed an "underperform" rating and issued a $99.00 price objective on shares of DICK'S Sporting Goods in a research note on Wednesday. Bank of America cut their target price on shares of DICK'S Sporting Goods from $245.00 to $200.00 and set a "buy" rating on the stock in a research report on Wednesday. Wells Fargo & Company reduced their price target on shares of DICK'S Sporting Goods from $240.00 to $185.00 and set an "overweight" rating for the company in a report on Tuesday. Loop Capital reaffirmed a "hold" rating and issued a $140.00 price target on shares of DICK'S Sporting Goods in a research report on Tuesday. Finally, UBS Group dropped their price objective on shares of DICK'S Sporting Goods from $275.00 to $178.00 and set a "buy" rating on the stock in a research note on Thursday. Twelve analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $170.22.

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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