DICK’S Sporting Goods (NYSE:DKS) Earns Buy Rating from BTIG Research

DICK’S Sporting Goods (NYSE:DKS)‘s stock had its “buy” rating reiterated by BTIG Research in a note issued to investors on Wednesday,Benzinga reports. They presently have a $300.00 price objective on the sporting goods retailer’s stock. BTIG Research’s target price indicates a potential upside of 36.88% from the stock’s current price.

A number of other analysts have also recently commented on DKS. Jefferies Financial Group reaffirmed a “hold” rating and issued a $210.00 price target on shares of DICK’S Sporting Goods in a research note on Thursday, March 12th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $245.00 price target on shares of DICK’S Sporting Goods in a research note on Monday, March 9th. Robert W. Baird set a $253.00 price target on DICK’S Sporting Goods in a research note on Wednesday, February 11th. Truist Financial lowered their price target on DICK’S Sporting Goods from $275.00 to $252.00 and set a “buy” rating for the company in a research note on Thursday, March 12th. Finally, UBS Group reaffirmed a “buy” rating on shares of DICK’S Sporting Goods in a research note on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, DICK’S Sporting Goods has an average rating of “Moderate Buy” and a consensus price target of $241.89.

DICK’S Sporting Goods Stock Performance

Shares of NYSE:DKS opened at $219.17 on Wednesday. The stock has a market capitalization of $19.52 billion, a P/E ratio of 21.45, a P/E/G ratio of 3.13 and a beta of 1.21. DICK’S Sporting Goods has a 1-year low of $167.03 and a 1-year high of $237.31. The company has a current ratio of 1.53, a quick ratio of 0.47 and a debt-to-equity ratio of 0.34. The business has a 50-day moving average price of $206.93 and a two-hundred day moving average price of $209.79.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Thursday, March 12th. The sporting goods retailer reported $3.45 earnings per share for the quarter, topping the consensus estimate of $3.43 by $0.02. The firm had revenue of $6.23 billion during the quarter, compared to analysts’ expectations of $6.06 billion. DICK’S Sporting Goods had a return on equity of 27.12% and a net margin of 4.93%.The company’s quarterly revenue was up 59.9% compared to the same quarter last year. During the same period in the previous year, the business posted $3.62 EPS. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. Equities analysts predict that DICK’S Sporting Goods will post 14.29 earnings per share for the current year.

Insider Activity at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, EVP Julie Lodge-Jarrett sold 4,140 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $223.56, for a total transaction of $925,538.40. Following the completion of the transaction, the executive vice president owned 24,757 shares of the company’s stock, valued at $5,534,674.92. This represents a 14.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Edward W. Stack sold 210,478 shares of the company’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $197.69, for a total value of $41,609,395.82. Following the transaction, the chairman directly owned 6,549,026 shares of the company’s stock, valued at approximately $1,294,676,949.94. This trade represents a 3.11% decrease in their position. The SEC filing for this sale provides additional information. 28.91% of the stock is currently owned by insiders.

Hedge Funds Weigh In On DICK’S Sporting Goods

A number of large investors have recently bought and sold shares of DKS. Bank of America Corp DE boosted its position in DICK’S Sporting Goods by 588.1% during the 3rd quarter. Bank of America Corp DE now owns 3,545,944 shares of the sporting goods retailer’s stock worth $787,980,000 after acquiring an additional 3,030,642 shares during the last quarter. Wellington Management Group LLP boosted its position in DICK’S Sporting Goods by 83.9% during the 3rd quarter. Wellington Management Group LLP now owns 6,606,860 shares of the sporting goods retailer’s stock worth $1,468,176,000 after acquiring an additional 3,013,850 shares during the last quarter. Viking Global Investors LP acquired a new position in DICK’S Sporting Goods during the 4th quarter worth approximately $509,371,000. Vanguard Group Inc. boosted its position in DICK’S Sporting Goods by 17.8% during the 3rd quarter. Vanguard Group Inc. now owns 6,719,011 shares of the sporting goods retailer’s stock worth $1,493,099,000 after acquiring an additional 1,015,599 shares during the last quarter. Finally, Norges Bank acquired a new position in DICK’S Sporting Goods during the 4th quarter worth approximately $192,639,000. Institutional investors and hedge funds 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.