DICK’S Sporting Goods, Inc. (NYSE:DKS) Receives $232.05 Average Price Target from Analysts

Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) have received an average rating of “Hold” from the twenty-four analysts that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $234.2857.

Several research firms have commented on DKS. JPMorgan Chase & Co. increased their target price on shares of DICK’S Sporting Goods from $195.00 to $235.00 and gave the stock a “neutral” rating in a research report on Friday, August 29th. Loop Capital set a $215.00 target price on shares of DICK’S Sporting Goods and gave the stock a “hold” rating in a research report on Wednesday, July 30th. The Goldman Sachs Group began coverage on shares of DICK’S Sporting Goods in a research report on Tuesday, September 23rd. They set a “buy” rating and a $274.00 target price on the stock. Oppenheimer reissued an “outperform” rating and set a $270.00 target price on shares of DICK’S Sporting Goods in a research report on Friday, August 29th. Finally, DA Davidson increased their target price on shares of DICK’S Sporting Goods from $250.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday.

Insider Transactions at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, EVP Navdeep Gupta sold 13,334 shares of the company’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $225.00, for a total transaction of $3,000,150.00. Following the completion of the sale, the executive vice president directly owned 74,444 shares in the company, valued at $16,749,900. This represents a 15.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lauren R. Hobart sold 20,083 shares of the company’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $220.69, for a total transaction of $4,432,117.27. Following the sale, the chief executive officer owned 299,990 shares of the company’s stock, valued at $66,204,793.10. This trade represents a 6.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. 32.55% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On DICK’S Sporting Goods

A number of hedge funds have recently bought and sold shares of the company. Louisiana State Employees Retirement System boosted its holdings in DICK’S Sporting Goods by 17.0% during the third quarter. Louisiana State Employees Retirement System now owns 18,600 shares of the sporting goods retailer’s stock valued at $4,133,000 after acquiring an additional 2,700 shares during the period. Byrne Asset Management LLC boosted its holdings in DICK’S Sporting Goods by 9.8% during the third quarter. Byrne Asset Management LLC now owns 1,062 shares of the sporting goods retailer’s stock valued at $236,000 after acquiring an additional 95 shares during the period. Global Retirement Partners LLC boosted its holdings in DICK’S Sporting Goods by 2,785.9% during the third quarter. Global Retirement Partners LLC now owns 1,847 shares of the sporting goods retailer’s stock valued at $410,000 after acquiring an additional 1,783 shares during the period. American National Bank & Trust boosted its holdings in DICK’S Sporting Goods by 5.7% during the third quarter. American National Bank & Trust now owns 1,270 shares of the sporting goods retailer’s stock valued at $282,000 after acquiring an additional 69 shares during the period. Finally, Econ Financial Services Corp bought a new stake in DICK’S Sporting Goods during the third quarter valued at about $1,054,000. 89.83% of the stock is currently owned by institutional investors.

DICK’S Sporting Goods Trading Up 0.2%

DICK’S Sporting Goods stock opened at $228.20 on Thursday. The company’s fifty day simple moving average is $224.43 and its 200-day simple moving average is $204.14. 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 12 month low of $166.37 and a 12 month high of $254.60. The stock has a market cap of $18.28 billion, a P/E ratio of 15.94, a P/E/G ratio of 3.26 and a beta of 1.06.

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

DICK’S Sporting Goods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were issued a dividend of $1.2125 per share. This represents a $4.85 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Friday, September 12th. DICK’S Sporting Goods’s dividend payout ratio is 33.87%.

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.