DICK’S Sporting Goods, Inc. (NYSE:DKS) Receives Average Rating of “Moderate Buy” from Analysts

DICK’S Sporting Goods, Inc. (NYSE:DKS) has been given an average recommendation of “Moderate Buy” by the eighteen research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, eleven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $254.7059.

Several equities analysts have issued reports on the stock. Truist Financial upped their price objective on shares of DICK’S Sporting Goods from $252.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. BTIG Research reaffirmed a “buy” rating and set a $300.00 price objective on shares of DICK’S Sporting Goods in a report on Thursday, May 28th. DA Davidson reiterated a “buy” rating and set a $260.00 target price on shares of DICK’S Sporting Goods in a research report on Wednesday, July 1st. Wells Fargo & Company reissued a “positive” rating on shares of DICK’S Sporting Goods in a report on Thursday, May 28th. Finally, Jefferies Financial Group upped their target price on DICK’S Sporting Goods from $210.00 to $224.00 and gave the company a “hold” rating in a research report on Wednesday, May 27th.

DICK’S Sporting Goods Stock Up 0.8%

Shares of NYSE:DKS opened at $205.93 on Friday. The firm has a 50 day simple moving average of $222.34 and a 200-day simple moving average of $212.82. DICK’S Sporting Goods has a twelve month low of $186.67 and a twelve month high of $244.38. The company has a current ratio of 1.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $18.43 billion, a PE ratio of 19.58, a P/E/G ratio of 1.78 and a beta of 1.19.

DICK’S Sporting Goods (NYSE:DKS) last posted its earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 EPS for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.01). The company had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.07 billion. DICK’S Sporting Goods had a net margin of 4.71% and a return on equity of 22.22%. The company’s quarterly revenue was up 62.7% on a year-over-year basis. During the same period last year, the business earned $3.37 earnings per share. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. On average, equities analysts predict that DICK’S Sporting Goods will post 14.24 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were paid a $1.25 dividend. The ex-dividend date was Friday, June 12th. This represents a $5.00 dividend on an annualized basis and a yield of 2.4%. DICK’S Sporting Goods’s payout ratio is currently 47.53%.

Institutional Investors Weigh In On DICK’S Sporting Goods

Several large investors have recently modified their holdings of DKS. SG Americas Securities LLC increased its stake in DICK’S Sporting Goods by 1,122.1% in the fourth quarter. SG Americas Securities LLC now owns 80,351 shares of the sporting goods retailer’s stock valued at $15,907,000 after purchasing an additional 73,776 shares during the period. Broad Peak Investment Advisers Pte Ltd boosted its stake in shares of DICK’S Sporting Goods by 42.4% during the fourth quarter. Broad Peak Investment Advisers Pte Ltd now owns 37,804 shares of the sporting goods retailer’s stock worth $7,484,000 after buying an additional 11,250 shares during the period. Financial Synergies Wealth Advisors Inc. acquired a new stake in shares of DICK’S Sporting Goods during the fourth quarter worth about $1,446,000. Principal Financial Group Inc. grew its holdings in shares of DICK’S Sporting Goods by 56.3% during the fourth quarter. Principal Financial Group Inc. now owns 503,077 shares of the sporting goods retailer’s stock worth $99,597,000 after buying an additional 181,223 shares during the last quarter. Finally, SCS Capital Management LLC grew its holdings in shares of DICK’S Sporting Goods by 10.6% during the fourth quarter. SCS Capital Management LLC now owns 71,121 shares of the sporting goods retailer’s stock worth $14,080,000 after buying an additional 6,837 shares during the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

About DICK’S Sporting Goods

DICK’S Sporting Goods is a leading U.S.-based sporting goods retailer that sells a broad range of sports equipment, apparel, footwear and outdoor gear. The company operates an omnichannel business combining physical stores with digital sales, offering products for team sports, fitness, hunting and fishing, golf, and general active lifestyle categories. In addition to its flagship DICK’S stores, the company operates specialty formats such as Golf Galaxy and branded service offerings including team-sports sales and custom equipment solutions.

The company traces its roots to a single sporting goods outlet founded in 1948 and has since grown into a national retail chain serving customers across the United States.