DICK’S Sporting Goods, Inc. (NYSE:DKS) Receives Consensus Recommendation of “Hold” from Analysts

Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) have been assigned an average rating of “Hold” from the twenty-four ratings firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $233.3333.

A number of analysts have weighed in on the stock. Wells Fargo & Company raised their target price on shares of DICK’S Sporting Goods from $215.00 to $220.00 and gave the company an “equal weight” rating in a research report on Friday, August 29th. UBS Group raised their target price on shares of DICK’S Sporting Goods from $225.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, August 29th. The Goldman Sachs Group assumed coverage on shares of DICK’S Sporting Goods in a research report on Tuesday, September 23rd. They issued a “buy” rating and a $274.00 target price on the stock. Morgan Stanley raised their target price on shares of DICK’S Sporting Goods from $232.00 to $253.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. Finally, Gordon Haskett upgraded shares of DICK’S Sporting Goods from a “reduce” rating to a “hold” rating in a research report on Friday, July 25th.

DICK’S Sporting Goods Stock Performance

Shares of NYSE:DKS opened at $225.63 on Thursday. The company’s 50 day simple moving average is $224.28 and its 200 day simple moving average is $203.80. The stock has a market capitalization of $18.07 billion, a price-to-earnings ratio of 15.76, a price-to-earnings-growth ratio of 3.28 and a beta of 1.06. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.70 and a quick ratio of 0.55. DICK’S Sporting Goods has a 1 year low of $166.37 and a 1 year high of $254.60.

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

DICK’S Sporting Goods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders 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 dividend yield of 2.1%. The ex-dividend date was Friday, September 12th. DICK’S Sporting Goods’s payout ratio is 33.87%.

Insiders Place Their Bets

In other news, CEO Lauren R. Hobart sold 20,083 shares of DICK’S Sporting Goods stock in a transaction on 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 transaction, the chief executive officer owned 299,990 shares in the company, valued at approximately $66,204,793.10. The trade was a 6.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Navdeep Gupta sold 13,334 shares of DICK’S Sporting Goods stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $225.00, for a total transaction of $3,000,150.00. Following the transaction, the executive vice president owned 74,444 shares in the company, valued at approximately $16,749,900. This trade represents a 15.19% decrease in their position. The disclosure for this sale can be found here. 32.55% of the stock is currently owned by insiders.

Hedge Funds Weigh In On DICK’S Sporting Goods

Several hedge funds and other institutional investors have recently bought and sold shares of DKS. GAMMA Investing LLC lifted its holdings in DICK’S Sporting Goods by 20.3% in the first quarter. GAMMA Investing LLC now owns 1,448 shares of the sporting goods retailer’s stock valued at $292,000 after buying an additional 244 shares during the period. Fifth Third Bancorp lifted its holdings in DICK’S Sporting Goods by 27.5% in the first quarter. Fifth Third Bancorp now owns 968 shares of the sporting goods retailer’s stock valued at $195,000 after buying an additional 209 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in DICK’S Sporting Goods by 255.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 34,434 shares of the sporting goods retailer’s stock valued at $6,940,000 after buying an additional 24,746 shares during the period. Ritholtz Wealth Management lifted its holdings in DICK’S Sporting Goods by 37.1% in the first quarter. Ritholtz Wealth Management now owns 1,201 shares of the sporting goods retailer’s stock valued at $242,000 after buying an additional 325 shares during the period. Finally, Sound Income Strategies LLC lifted its holdings in DICK’S Sporting Goods by 109.4% in the first quarter. Sound Income Strategies LLC now owns 289 shares of the sporting goods retailer’s stock valued at $58,000 after buying an additional 151 shares during the period. Institutional investors and hedge funds own 89.83% of the company’s stock.

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.