DICK’S Sporting Goods (NYSE:DKS) Stock Rating Raised to “Hold” at Zacks Research

DICK’S Sporting Goods (NYSE:DKS) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday, Zacks reports.

Several other analysts have also issued reports on DKS. BTIG Research dropped their target price on shares of DICK’S Sporting Goods from $300.00 to $180.00 and set a “buy” rating on the stock in a research report on Wednesday, August 26th. BNP Paribas Exane restated an “underperform” rating on shares of DICK’S Sporting Goods in a research report on Tuesday, October 27th. Loop Capital reaffirmed a “hold” rating and issued a $140.00 price target on shares of DICK’S Sporting Goods in a research note on Tuesday, August 25th. Wolfe Research assumed coverage on DICK’S Sporting Goods in a report on Wednesday, October 21st. They issued an “outperform” rating and a $181.00 price objective on the stock. Finally, Oppenheimer cut their price objective 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 analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $166.55.

DICK’S Sporting Goods Trading Up 1.5%

Shares of DKS stock opened at $149.84 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 0.36. The company has a market cap of $13.33 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 2.80 and a beta of 1.09. The stock has a 50 day simple moving average of $136.92 and a 200-day simple moving average of $190.20. DICK’S Sporting Goods has a 1-year low of $120.15 and a 1-year high of $244.38.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Tuesday, August 25th. The sporting goods retailer reported $3.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.74 by ($0.21). The company had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.64 billion. DICK’S Sporting Goods had a net margin of 3.97% and a return on equity of 19.21%. DICK’S Sporting Goods’s revenue was up 53.2% compared to the same quarter last year. During the same period in the prior year, the business posted $4.38 EPS. DICK’S Sporting Goods has set its FY 2026 guidance at 11.000-12.000 EPS. On average, equities research analysts expect that DICK’S Sporting Goods will post 11.68 EPS for the current fiscal year.

Insider Activity at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, Director Larry Jr. Fitzgerald bought 1,860 shares of DICK’S Sporting Goods stock in a transaction dated Wednesday, September 23rd. The stock was acquired at an average cost of $131.67 per share, for a total transaction of $244,906.20. Following the completion of the transaction, the director directly owned 15,199 shares of the company’s stock, valued at approximately $2,001,252.33. This represents a 13.94% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Matthew Barnes purchased 3,665 shares of the stock in a transaction that occurred on Wednesday, September 30th. The shares were acquired at an average price of $136.39 per share, for a total transaction 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. The trade was a 44.16% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 42,795 shares of company stock worth $5,588,641 over the last 90 days. Corporate insiders own 28.91% of the company’s stock.

Institutional Trading of DICK’S Sporting Goods

A number of hedge funds have recently bought and sold shares of the business. Heritage Family Offices LLP purchased a new position in DICK’S Sporting Goods in the 3rd quarter worth approximately $29,000. Rothschild Investment LLC grew its position in shares of DICK’S Sporting Goods by 707.1% in the third quarter. Rothschild Investment LLC now owns 226 shares of the sporting goods retailer’s stock valued at $30,000 after purchasing an additional 198 shares in the last quarter. Pinnacle Wealth Planning Services Inc. increased its holdings in shares of DICK’S Sporting Goods by 241.2% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 290 shares of the sporting goods retailer’s stock valued at $39,000 after purchasing an additional 205 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of DICK’S Sporting Goods by 34.3% in the third quarter. Versant Capital Management Inc now owns 333 shares of the sporting goods retailer’s stock valued at $45,000 after purchasing an additional 85 shares during the last quarter. Finally, Ancora Advisors LLC acquired a new stake in shares of DICK’S Sporting Goods in the second quarter valued at approximately $83,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

DICK’S Sporting Goods Company 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.