DA Davidson Has Strong Forecast for DKS FY2027 Earnings

DICK’S Sporting Goods, Inc. (NYSE:DKS) – Equities researchers at DA Davidson upped their FY2027 earnings estimates for shares of DICK’S Sporting Goods in a research note issued on Wednesday, November 26th. DA Davidson analyst M. Baker now expects that the sporting goods retailer will post earnings of $16.29 per share for the year, up from their previous estimate of $16.02. DA Davidson has a “Buy” rating and a $245.00 price objective on the stock. The consensus estimate for DICK’S Sporting Goods’ current full-year earnings is $13.89 per share.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Tuesday, November 25th. The sporting goods retailer reported $2.78 EPS for the quarter, topping analysts’ consensus estimates of $2.62 by $0.16. DICK’S Sporting Goods had a net margin of 8.52% and a return on equity of 36.54%. The business had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.45 billion. During the same quarter last year, the company earned $2.75 EPS. The business’s revenue was up 36.3% on a year-over-year basis. DICK’S Sporting Goods has set its FY 2025 guidance at 14.250-14.550 EPS.

Several other research analysts have also commented on DKS. Telsey Advisory Group lowered their price target on DICK’S Sporting Goods from $255.00 to $245.00 and set an “outperform” rating for the company in a research report on Wednesday. Robert W. Baird set a $226.00 price objective on DICK’S Sporting Goods in a research report on Wednesday. Cowen reissued a “hold” rating on shares of DICK’S Sporting Goods in a research report on Wednesday. Citigroup raised DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and increased their price objective for the company from $225.00 to $280.00 in a report on Tuesday, September 9th. Finally, Wells Fargo & Company raised their target price on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Twelve analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $235.29.

DICK’S Sporting Goods Stock Up 0.3%

NYSE DKS opened at $207.34 on Thursday. The company has a quick ratio of 0.55, a current ratio of 1.70 and a debt-to-equity ratio of 0.44. The business’s fifty day simple moving average is $221.95 and its 200-day simple moving average is $209.76. DICK’S Sporting Goods has a 52 week low of $166.37 and a 52 week high of $254.60. The firm has a market cap of $16.61 billion, a PE ratio of 14.48, a P/E/G ratio of 3.23 and a beta of 1.05.

DICK’S Sporting Goods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Friday, December 12th will be paid a $1.2125 dividend. The ex-dividend date is Friday, December 12th. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.3%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 39.02%.

Insider Activity

In other news, CEO Lauren R. Hobart sold 20,083 shares of the firm’s stock in a transaction dated 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 in the company, valued at $66,204,793.10. This trade represents a 6.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 32.55% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On DICK’S Sporting Goods

Several institutional investors and hedge funds have recently made changes to their positions in DKS. Clearstead Advisors LLC boosted its position in DICK’S Sporting Goods by 46.9% during the 3rd quarter. Clearstead Advisors LLC now owns 144 shares of the sporting goods retailer’s stock valued at $32,000 after purchasing an additional 46 shares during the period. Root Financial Partners LLC acquired a new position in shares of DICK’S Sporting Goods in the 3rd quarter worth $33,000. Westside Investment Management Inc. raised its holdings in DICK’S Sporting Goods by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 152 shares of the sporting goods retailer’s stock worth $35,000 after buying an additional 76 shares during the period. Mather Group LLC. purchased a new stake in shares of DICK’S Sporting Goods in the 3rd quarter valued at approximately $39,000. Finally, Atlantic Union Bankshares Corp purchased a new position in shares of DICK’S Sporting Goods during the second quarter valued at $40,000. 89.83% of the stock is owned by institutional investors and hedge funds.

About DICK’S Sporting Goods

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.