DICK’S Sporting Goods (NYSE:DKS) Cut to “Sell” at Wall Street Zen

Wall Street Zen downgraded shares of DICK’S Sporting Goods (NYSE:DKS) from a hold rating to a sell rating in a research report report published on Saturday.

Several other brokerages also recently issued reports on DKS. Morgan Stanley increased their price objective on DICK’S Sporting Goods from $253.00 to $260.00 and gave the stock an “overweight” rating in a research note on Thursday. DA Davidson set a $260.00 target price on shares of DICK’S Sporting Goods in a research note on Monday, January 12th. TD Cowen lowered their price target on shares of DICK’S Sporting Goods from $234.00 to $226.00 and set a “hold” rating on the stock in a report on Wednesday, November 26th. Weiss Ratings reiterated a “hold (c+)” rating on shares of DICK’S Sporting Goods in a report on Monday, December 29th. Finally, Truist Financial raised their price objective on shares of DICK’S Sporting Goods from $248.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, October 17th. Eleven analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, DICK’S Sporting Goods presently has an average rating of “Hold” and an average price target of $236.14.

DICK’S Sporting Goods Trading Up 1.2%

Shares of DKS opened at $215.47 on Friday. The business’s 50-day moving average price is $211.76 and its 200 day moving average price is $217.30. The company has a current ratio of 1.57, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $19.39 billion, a P/E ratio of 17.33, a P/E/G ratio of 3.38 and a beta of 1.19. 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 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 net margin of 6.86% and a return on equity of 30.55%. The company had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $4.45 billion. During the same period last year, the company posted $2.75 earnings per share. The business’s revenue for the quarter was up 36.3% on a year-over-year basis. DICK’S Sporting Goods has set its FY 2025 guidance at 14.250-14.550 EPS. Analysts expect that DICK’S Sporting Goods will post 13.89 earnings per share for the current year.

DICK’S Sporting Goods Dividend Announcement

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

Institutional Trading of DICK’S Sporting Goods

A number of hedge funds have recently modified their holdings of DKS. Parallel Advisors LLC lifted its position in DICK’S Sporting Goods by 14.0% in the second quarter. Parallel Advisors LLC now owns 667 shares of the sporting goods retailer’s stock worth $132,000 after purchasing an additional 82 shares during the period. Baader Bank Aktiengesellschaft boosted its position in shares of DICK’S Sporting Goods by 102.8% during the 2nd quarter. Baader Bank Aktiengesellschaft now owns 2,164 shares of the sporting goods retailer’s stock valued at $426,000 after acquiring an additional 1,097 shares in the last quarter. Mn Services Vermogensbeheer B.V. acquired a new stake in shares of DICK’S Sporting Goods during the 2nd quarter valued at about $4,154,000. IFM Investors Pty Ltd increased its stake in DICK’S Sporting Goods by 11.7% in the second quarter. IFM Investors Pty Ltd now owns 12,079 shares of the sporting goods retailer’s stock valued at $2,389,000 after acquiring an additional 1,265 shares during the period. Finally, Farther Finance Advisors LLC raised its position in DICK’S Sporting Goods by 15.7% in the second quarter. Farther Finance Advisors LLC now owns 2,327 shares of the sporting goods retailer’s stock worth $460,000 after purchasing an additional 315 shares in the last quarter. Institutional investors own 89.83% of the company’s stock.

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.