DICK’S Sporting Goods (NYSE:DKS) Lowered to Neutral Rating by Robert W. Baird

DICK’S Sporting Goods (NYSE:DKS) was downgraded by stock analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating in a research note issued to investors on Monday, Briefing.com reports. They presently have a $150.00 price target on the sporting goods retailer’s stock. Robert W. Baird’s price objective suggests a potential upside of 10.92% from the stock’s current price.

A number of other brokerages have also issued reports on DKS. Jefferies Financial Group set a $171.00 target price on DICK’S Sporting Goods in a research report on Tuesday, August 25th. KGI Securities lowered DICK’S Sporting Goods from an “outperform” rating to a “neutral” rating and set a $135.10 price objective for the company. in a research report on Wednesday, August 26th. Guggenheim restated a “neutral” rating on shares of DICK’S Sporting Goods in a research report on Wednesday, August 26th. JPMorgan Chase & Co. decreased their price objective on DICK’S Sporting Goods from $270.00 to $245.00 and set an “overweight” rating for the company in a research note on Monday, August 24th. Finally, BMO Capital Markets started coverage on shares of DICK’S Sporting Goods in a research report on Tuesday, September 8th. They issued an “underperform” rating and a $110.00 price target for the company. Eleven investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $167.20.

DICK’S Sporting Goods Trading Up 0.2%

NYSE DKS opened at $135.23 on Monday. The stock has a market cap of $12.03 billion, a P/E ratio of 14.53, a P/E/G ratio of 1.57 and a beta of 1.11. The company has a current ratio of 1.49, a quick ratio of 0.36 and a debt-to-equity ratio of 0.33. DICK’S Sporting Goods has a 12-month low of $120.40 and a 12-month high of $244.38. The company has a fifty day simple moving average of $185.44 and a two-hundred day simple moving average of $204.32.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, August 25th. The sporting goods retailer reported $3.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.74 by ($0.21). DICK’S Sporting Goods had a return on equity of 19.21% and a net margin of 3.97%.The firm had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.64 billion. During the same quarter last year, the business earned $4.38 EPS. The business’s revenue was up 53.2% on a year-over-year basis. DICK’S Sporting Goods has set its FY 2026 guidance at 11.000-12.000 EPS. On average, analysts forecast that DICK’S Sporting Goods will post 11.7 earnings per share for the current year.

Insider Activity at DICK’S Sporting Goods

In other news, Director Sandeep Mathrani bought 1,550 shares of DICK’S Sporting Goods stock in a transaction on Wednesday, August 26th. The shares were bought at an average price of $128.89 per share, with a total value of $199,779.50. Following the acquisition, the director directly owned 11,136 shares in the company, valued at approximately $1,435,319.04. This represents a 16.17% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert Eddy bought 4,000 shares of the firm’s stock in a transaction on Wednesday, August 26th. The stock was bought at an average price of $128.69 per share, with a total value of $514,760.00. Following the completion of the purchase, the director owned 10,886 shares of the company’s stock, valued at $1,400,919.34. This trade represents a 58.09% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 29,563 shares of company stock worth $3,843,882 over the last quarter. Company insiders own 28.91% of the company’s stock.

Institutional Trading of DICK’S Sporting Goods

A number of hedge funds have recently modified their holdings of the business. California State Teachers Retirement System boosted its stake in shares of DICK’S Sporting Goods by 20,961.0% during the 2nd quarter. California State Teachers Retirement System now owns 15,878,288 shares of the sporting goods retailer’s stock valued at $3,601,355,000 after buying an additional 15,802,896 shares during the period. BlackRock Inc. bought a new position in shares of DICK’S Sporting Goods in the second quarter worth about $1,501,321,000. Bank of America Corp DE bought a new position in DICK’S Sporting Goods during the second quarter worth $1,024,000,000. State Street Corp grew its position in DICK’S Sporting Goods by 17.7% in the 3rd quarter. State Street Corp now owns 2,606,541 shares of the sporting goods retailer’s stock worth $579,226,000 after purchasing an additional 391,694 shares during the last quarter. Finally, Viking Global Investors LP bought a new position in shares of DICK’S Sporting Goods during the 4th quarter worth about $509,371,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

About DICK’S Sporting Goods

DICK’S Sporting Goods, Inc is a leading American sporting goods retailer that sells athletic equipment, apparel, footwear and accessories for a broad range of sports and outdoor activities. Its merchandise includes products for fitness, team sports, golf, running, hunting, fishing and camping, as well as casual and performance-oriented clothing and footwear.

The company operates through its DICK’S Sporting Goods stores and e-commerce platform, along with specialty and concept businesses including Golf Galaxy, Public Lands and House of Sport locations.