Brokerages Set DICK’S Sporting Goods, Inc. (NYSE:DKS) Target Price at $235.10

DICK’S Sporting Goods, Inc. (NYSE:DKS) has been given a consensus rating of “Hold” by the twenty-four research firms that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $235.0952.

DKS has been the topic of a number of analyst reports. BNP Paribas Exane initiated coverage on shares of DICK’S Sporting Goods in a report on Friday, September 26th. They set an “underperform” rating and a $177.00 target price on the stock. Citigroup upgraded shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and boosted their price target for the company from $225.00 to $280.00 in a research report on Tuesday, September 9th. BNP Paribas set a $177.00 price target on shares of DICK’S Sporting Goods and gave the stock an “underperform” rating in a report on Friday, September 26th. Robert W. Baird set a $226.00 price objective on DICK’S Sporting Goods in a research note on Wednesday, November 26th. Finally, TD Cowen reduced their target price on DICK’S Sporting Goods from $234.00 to $226.00 and set a “hold” rating for the company in a research report on Wednesday, November 26th.

Institutional Investors Weigh In On DICK’S Sporting Goods

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Clearstead Advisors LLC grew its stake in DICK’S Sporting Goods by 46.9% in the 3rd quarter. Clearstead Advisors LLC now owns 144 shares of the sporting goods retailer’s stock worth $32,000 after buying an additional 46 shares in the last quarter. Root Financial Partners LLC purchased a new stake in shares of DICK’S Sporting Goods during the 3rd quarter valued at $33,000. Westside Investment Management Inc. lifted its holdings in shares of 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 acquiring an additional 76 shares during the last quarter. Mather Group LLC. purchased a new position in DICK’S Sporting Goods in the third quarter worth $39,000. Finally, Atlantic Union Bankshares Corp purchased a new position in DICK’S Sporting Goods in the second quarter worth $40,000. 89.83% of the stock is owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Stock Performance

NYSE:DKS opened at $207.14 on Tuesday. The business’s fifty day moving average is $213.01 and its 200 day moving average is $215.79. The firm has a market cap of $18.64 billion, a price-to-earnings ratio of 16.66, a PEG ratio of 3.14 and a beta of 1.19. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 1.57. DICK’S Sporting Goods has a 52-week low of $166.37 and a 52-week high of $254.60.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, November 25th. The sporting goods retailer reported $2.78 EPS for the quarter, topping the consensus estimate of $2.62 by $0.16. DICK’S Sporting Goods had a return on equity of 30.55% and a net margin of 6.86%.The business had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.45 billion. During the same quarter last year, the company earned $2.75 EPS. The firm’s revenue was up 36.3% compared to the same quarter last year. DICK’S Sporting Goods has set its FY 2025 guidance at 14.250-14.550 EPS. Research analysts predict that DICK’S Sporting Goods will post 13.89 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Friday, December 12th were issued a dividend of $1.2125 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $4.85 annualized dividend and a dividend yield of 2.3%. DICK’S Sporting Goods’s payout ratio is presently 39.02%.

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.