DICK'S Sporting Goods (NYSE:DKS) Insider Buys $499,869.35 in Stock

Key Points

• Insider buying: Matthew Barnes purchased 3,665 DICK’S Sporting Goods shares for approximately $499,869, increasing his direct ownership by 44.16% to 11,965 shares.
• Recent performance: Shares traded near $133, well below their 52-week high of $244.38. The company’s latest quarterly results missed analyst expectations, although revenue increased 53.2% year over year.
• Analyst outlook: Analysts have a consensus “Hold” rating and an average price target of about $166.85, while institutional investors own nearly 90% of the company’s stock.

DICK'S Sporting Goods, Inc. (NYSE:DKS - Get Free Report) insider Matthew Barnes bought 3,665 shares of the business's stock in a transaction on Wednesday, September 30th. The stock was purchased at an average price of $136.39 per share, with a total value of $499,869.35. Following the completion of the transaction, the insider directly owned 11,965 shares of the company's stock, valued at $1,631,906.35. This trade represents a 44.16% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

DICK'S Sporting Goods Price Performance

Shares of DKS stock traded down $1.27 during mid-day trading on Thursday, hitting $133.02. 2,949,148 shares of the stock traded hands, compared to its average volume of 1,806,453. DICK'S Sporting Goods, Inc. has a twelve month low of $120.15 and a twelve month high of $244.38. The firm has a market cap of $11.83 billion, a price-to-earnings ratio of 14.29, a price-to-earnings-growth ratio of 2.55 and a beta of 1.11. The company's 50-day simple moving average is $163.02 and its 200-day simple moving average is $197.67. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.36 and a current ratio of 1.49.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 25th. The sporting goods retailer reported $3.53 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.64 billion. During the same quarter last year, the company earned $4.38 EPS. 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. As a group, equities research analysts expect that DICK'S Sporting Goods, Inc. will post 11.7 earnings per share for the current year.

DICK'S Sporting Goods Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Friday, September 11th. DICK'S Sporting Goods's dividend payout ratio is presently 53.71%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on DKS shares. UBS Group lowered 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, August 27th. BTIG Research reduced their target price on shares of DICK'S Sporting Goods from $300.00 to $180.00 and set a "buy" rating for the company in a report on Wednesday, August 26th. KGI Securities lowered 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 report on Wednesday, August 26th. Morgan Stanley cut their price objective on DICK'S Sporting Goods from $270.00 to $180.00 and set an "overweight" rating for the company in a research report on Wednesday, August 26th. Finally, BNP Paribas Exane reissued an "underperform" rating and set a $99.00 price objective on shares of DICK'S Sporting Goods in a research note on Wednesday, August 26th. Eleven equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $166.85.

Institutional Investors Weigh In On DICK'S Sporting Goods

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in DICK'S Sporting Goods during the 2nd quarter valued at $1,501,321,000. Bank of America Corp DE acquired a new position in DICK'S Sporting Goods during the second quarter valued at $1,024,000,000. Darsana Capital Partners LP raised its position in DICK'S Sporting Goods by 9.1% during the second quarter. Darsana Capital Partners LP now owns 1,500,000 shares of the sporting goods retailer's stock valued at $340,215,000 after buying an additional 125,000 shares during the period. Geode Capital Management LLC lifted its stake in DICK'S Sporting Goods by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 1,226,792 shares of the sporting goods retailer's stock worth $242,184,000 after acquiring an additional 16,051 shares in the last quarter. Finally, Sachem Head Capital Management LP lifted its stake in DICK'S Sporting Goods by 21.0% in the 4th quarter. Sachem Head Capital Management LP now owns 1,220,000 shares of the sporting goods retailer's stock worth $241,523,000 after acquiring an additional 211,400 shares in the last quarter. Hedge funds and other institutional investors own 89.83% 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: An analyst upgrade argued that investor concerns about Foot Locker’s performance may already be reflected in DKS’s valuation. Separately, Bank of America data suggesting consumers are shifting spending from travel toward hobbies identified DICK’S as a potential fourth-quarter laggard with recovery upside. DICK'S Sporting Goods: Foot Locker Fears Materialize But Are Priced In
• Positive Sentiment: Analysts’ consensus target price is approximately $167.20, implying potential upside from recent trading levels if the company stabilizes operations and investor sentiment improves. DICK'S Sporting Goods Consensus Target Price

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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