Mirae Asset Global Investments Co. Ltd. Makes New Investment in DICK’S Sporting Goods, Inc. $DKS

Mirae Asset Global Investments Co. Ltd. acquired a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 5,334 shares of the sporting goods retailer’s stock, valued at approximately $716,000.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of DICK’S Sporting Goods during the second quarter worth $1,501,321,000. Bank of America Corp DE acquired a new position in shares of DICK’S Sporting Goods in the second quarter valued at about $1,024,000,000. Darsana Capital Partners LP grew its stake in shares of DICK’S Sporting Goods by 9.1% in 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 acquiring an additional 125,000 shares in the last quarter. Maverick Capital Ltd. increased its position in DICK’S Sporting Goods by 25.3% during the first quarter. Maverick Capital Ltd. now owns 1,044,903 shares of the sporting goods retailer’s stock worth $207,194,000 after acquiring an additional 210,654 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in DICK’S Sporting Goods during the second quarter worth about $128,943,000. Institutional investors own 89.83% of the company’s stock.

Insider Buying and Selling

In other news, Director Robert W. Eddy acquired 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The shares were acquired at an average cost of $128.69 per share, with a total value of $514,760.00. Following the completion of the purchase, the director directly owned 10,886 shares of the company’s stock, valued at $1,400,919.34. The trade was a 58.09% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director William J. Colombo acquired 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The stock was purchased at an average cost of $128.72 per share, for a total transaction of $643,600.00. Following the completion of the purchase, the director directly owned 178,987 shares of the company’s stock, valued at $23,039,206.64. The trade was a 2.87% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders acquired 42,795 shares of company stock worth $5,588,641. 28.91% of the stock is owned by company insiders.

DICK’S Sporting Goods Stock Down 0.0%

Shares of NYSE DKS opened at $140.78 on Monday. 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, Inc. has a 52 week low of $120.15 and a 52 week high of $244.38. The stock has a market capitalization of $12.52 billion, a P/E ratio of 15.12, a PEG ratio of 2.67 and a beta of 1.09. The stock’s fifty day moving average is $136.36 and its 200 day moving average is $190.82.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results 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 net margin of 3.97% and a return on equity of 19.21%. The company had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.64 billion. During the same period last year, the firm earned $4.38 EPS. The firm’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. Sell-side analysts forecast that DICK’S Sporting Goods, Inc. will post 11.68 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were given a $1.25 dividend. The ex-dividend date was 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%.

Wall Street Analysts Forecast Growth

DKS has been the subject of several analyst reports. Guggenheim reiterated a “neutral” rating on shares of DICK’S Sporting Goods in a research note on Wednesday, September 30th. JPMorgan Chase & Co. decreased their target price on shares of DICK’S Sporting Goods from $270.00 to $245.00 and set an “overweight” rating on the stock in a research report on Monday, August 24th. Barclays lowered their target price on shares of DICK’S Sporting Goods from $280.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, August 26th. Loop Capital reiterated a “hold” rating and issued a $140.00 price target on shares of DICK’S Sporting Goods in a research report on Tuesday, August 25th. Finally, Oppenheimer cut their price target on DICK’S Sporting Goods from $270.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday, August 26th. Twelve research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $167.53.

DICK’S Sporting Goods Profile

DICK’S Sporting Goods, Inc is a U.S. sporting goods retailer that sells equipment, apparel, footwear and accessories for a range of sports and outdoor activities. Customers can shop through its stores and e-commerce platforms, and the company also offers services such as golf club fitting and equipment repair at select locations.

The company operates under several retail banners, including DICK’S Sporting Goods, Golf Galaxy, Public Lands and Going Going Gone!, as well as experiential DICK’S House of Sport locations.