Brokerages Set DICK’S Sporting Goods, Inc. (NYSE:DKS) PT at $235.83

DICK’S Sporting Goods, Inc. (NYSE:DKS) has received a consensus recommendation of “Moderate Buy” from the twenty-one research firms that are currently covering the firm, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $237.8421.

Several equities analysts recently issued reports on the company. Loop Capital set a $215.00 price target on DICK’S Sporting Goods and gave the company a “hold” rating in a report on Wednesday, July 30th. Wells Fargo & Company raised their target price on shares of DICK’S Sporting Goods from $215.00 to $220.00 and gave the company an “equal weight” rating in a research note on Friday, August 29th. Oppenheimer reissued an “outperform” rating and set a $270.00 price target on shares of DICK’S Sporting Goods in a research note on Friday, August 29th. Truist Financial increased their price objective on shares of DICK’S Sporting Goods from $230.00 to $248.00 and gave the company a “buy” rating in a report on Friday, August 29th. Finally, Gordon Haskett raised shares of DICK’S Sporting Goods from a “reduce” rating to a “hold” rating in a report on Friday, July 25th.

Insider Transactions at DICK’S Sporting Goods

In other news, EVP Navdeep Gupta sold 13,334 shares of the company’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $225.00, for a total value of $3,000,150.00. Following the completion of the sale, the executive vice president directly owned 74,444 shares of the company’s stock, valued at $16,749,900. This represents a 15.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Elizabeth H. Baran sold 1,830 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $204.65, for a total transaction of $374,509.50. Following the completion of the sale, the senior vice president owned 12,465 shares in the company, valued at $2,550,962.25. This represents a 12.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,467 shares of company stock valued at $5,374,805 in the last quarter. 32.55% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On DICK’S Sporting Goods

Several hedge funds have recently bought and sold shares of DKS. Texas Permanent School Fund Corp boosted its position in shares of DICK’S Sporting Goods by 4.5% during the second quarter. Texas Permanent School Fund Corp now owns 78,209 shares of the sporting goods retailer’s stock worth $15,471,000 after purchasing an additional 3,396 shares in the last quarter. Caldwell Trust Co acquired a new stake in DICK’S Sporting Goods during the 2nd quarter worth $1,433,000. Osaic Holdings Inc. raised its stake in DICK’S Sporting Goods by 33.8% during the 2nd quarter. Osaic Holdings Inc. now owns 39,026 shares of the sporting goods retailer’s stock worth $7,783,000 after buying an additional 9,866 shares during the period. Orion Porfolio Solutions LLC lifted its holdings in DICK’S Sporting Goods by 16.8% during the second quarter. Orion Porfolio Solutions LLC now owns 10,500 shares of the sporting goods retailer’s stock worth $2,077,000 after acquiring an additional 1,507 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in DICK’S Sporting Goods by 5.9% in the second quarter. Thrivent Financial for Lutherans now owns 23,572 shares of the sporting goods retailer’s stock valued at $4,680,000 after acquiring an additional 1,316 shares during the period. 89.83% of the stock is currently owned by institutional investors and hedge funds.

DICK’S Sporting Goods Stock Performance

Shares of DICK’S Sporting Goods stock opened at $225.44 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.70 and a quick ratio of 0.55. The firm has a 50 day simple moving average of $219.57 and a 200 day simple moving average of $200.37. DICK’S Sporting Goods has a fifty-two week low of $166.37 and a fifty-two week high of $254.60. The firm has a market cap of $18.06 billion, a P/E ratio of 15.74, a P/E/G ratio of 3.30 and a beta of 1.02.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Thursday, August 28th. The sporting goods retailer reported $4.38 EPS for the quarter, beating analysts’ consensus estimates of $4.30 by $0.08. The firm had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.61 billion. DICK’S Sporting Goods had a return on equity of 36.54% and a net margin of 8.52%.The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the company earned $4.37 EPS. DICK’S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. Sell-side analysts predict that DICK’S Sporting Goods will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be paid a dividend of $1.2125 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.2%. DICK’S Sporting Goods’s payout ratio is 33.87%.

DICK’S Sporting Goods Company Profile

DICK’s Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.