DICK’S Sporting Goods (NYSE:DKS) Price Target Lowered to $226.00 at TD Cowen

DICK’S Sporting Goods (NYSE:DKS) had its price objective dropped by analysts at TD Cowen from $234.00 to $226.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “hold” rating on the sporting goods retailer’s stock. TD Cowen’s target price would suggest a potential upside of 7.81% from the stock’s previous close.

A number of other equities analysts also recently commented on DKS. Truist Financial increased their price objective on DICK’S Sporting Goods from $248.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, October 17th. 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. The Goldman Sachs Group started coverage on shares of DICK’S Sporting Goods in a research note on Tuesday, September 23rd. They issued a “buy” rating and a $274.00 price objective for the company. Citigroup raised shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $225.00 to $280.00 in a report on Tuesday, September 9th. Finally, BNP Paribas set a $177.00 target price on shares of DICK’S Sporting Goods and gave the stock an “underperform” rating in a report on Friday, September 26th. Twelve analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, DICK’S Sporting Goods currently has a consensus rating of “Hold” and an average price target of $233.33.

DICK’S Sporting Goods Trading Up 1.4%

Shares of NYSE DKS traded up $2.90 during mid-day trading on Wednesday, hitting $209.63. 1,210,535 shares of the company traded hands, compared to its average volume of 1,506,269. The company has a quick ratio of 0.55, a current ratio of 1.70 and a debt-to-equity ratio of 0.44. DICK’S Sporting Goods has a 1 year low of $166.37 and a 1 year high of $254.60. The stock has a market capitalization of $16.79 billion, a price-to-earnings ratio of 14.66, a PEG ratio of 3.23 and a beta of 1.05. The business has a 50 day moving average of $222.27 and a two-hundred day moving average of $209.77.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Tuesday, November 25th. The sporting goods retailer reported $2.78 EPS for the quarter, beating analysts’ consensus estimates of $2.62 by $0.16. The company had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.45 billion. DICK’S Sporting Goods had a net margin of 8.52% and a return on equity of 36.54%. The business’s quarterly revenue was up 36.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.75 earnings per share. DICK’S Sporting Goods has set its FY 2025 guidance at 14.250-14.550 EPS. On average, sell-side analysts anticipate that DICK’S Sporting Goods will post 13.89 earnings per share for the current fiscal year.

Insider Transactions at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, CEO Lauren R. Hobart sold 20,083 shares of the company’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $220.69, for a total transaction of $4,432,117.27. Following the completion of the sale, the chief executive officer directly owned 299,990 shares of the company’s stock, valued at $66,204,793.10. This represents a 6.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 32.55% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On DICK’S Sporting Goods

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Clearstead Advisors LLC increased its position in DICK’S Sporting Goods by 46.9% during the third quarter. Clearstead Advisors LLC now owns 144 shares of the sporting goods retailer’s stock worth $32,000 after buying an additional 46 shares in the last quarter. Root Financial Partners LLC acquired a new stake in shares of DICK’S Sporting Goods during the 3rd quarter worth about $33,000. Westside Investment Management Inc. raised its position in shares of DICK’S Sporting Goods by 100.0% in the third quarter. Westside Investment Management Inc. now owns 152 shares of the sporting goods retailer’s stock valued at $35,000 after buying an additional 76 shares during the last quarter. Mather Group LLC. purchased a new position in shares of DICK’S Sporting Goods during the third quarter valued at approximately $39,000. Finally, Atlantic Union Bankshares Corp purchased a new stake in DICK’S Sporting Goods in the 2nd quarter worth approximately $40,000. 89.83% of the stock is owned by institutional investors and hedge funds.

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.