DICK’S Sporting Goods, Inc. (NYSE:DKS) Receives $258.44 Average Price Target from Analysts

DICK’S Sporting Goods, Inc. (NYSE:DKS) has been assigned an average recommendation of “Moderate Buy” from the seventeen research firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $258.4375.

Several research firms have commented on DKS. Truist Financial boosted their price objective on DICK’S Sporting Goods from $252.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Telsey Advisory Group lifted their price target on DICK’S Sporting Goods from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 20th. UBS Group raised DICK’S Sporting Goods from a “buy” rating to a “positive” rating in a research note on Monday, August 10th. Robert W. Baird set a $264.00 price objective on DICK’S Sporting Goods in a research note on Thursday, May 28th. Finally, Jefferies Financial Group increased their price objective on DICK’S Sporting Goods from $210.00 to $224.00 and gave the company a “hold” rating in a research note on Wednesday, May 27th.

DICK’S Sporting Goods Stock Up 0.1%

Shares of NYSE DKS opened at $202.24 on Wednesday. The company’s 50-day simple moving average is $216.95 and its 200-day simple moving average is $211.97. DICK’S Sporting Goods has a 52-week low of $186.67 and a 52-week high of $244.38. The firm has a market cap of $18.10 billion, a price-to-earnings ratio of 19.22, a price-to-earnings-growth ratio of 1.76 and a beta of 1.21. The company has a quick ratio of 0.38, a current ratio of 1.50 and a debt-to-equity ratio of 0.34.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 EPS for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.01). The company had revenue of $5.16 billion for the quarter, compared to analysts’ expectations of $5.07 billion. DICK’S Sporting Goods had a return on equity of 22.22% and a net margin of 4.71%.The firm’s revenue for the quarter was up 62.7% on a year-over-year basis. During the same period in the prior year, the firm earned $3.37 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 14.24 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.5%. DICK’S Sporting Goods’s dividend payout ratio is presently 47.53%.

Hedge Funds Weigh In On DICK’S Sporting Goods

Several hedge funds and other institutional investors have recently modified their holdings of the business. Lido Advisors LLC lifted its stake in DICK’S Sporting Goods by 3.9% in the 3rd quarter. Lido Advisors LLC now owns 1,358 shares of the sporting goods retailer’s stock worth $302,000 after acquiring an additional 51 shares in the last quarter. Jacobi Capital Management LLC boosted its position in DICK’S Sporting Goods by 4.5% during the 4th quarter. Jacobi Capital Management LLC now owns 1,189 shares of the sporting goods retailer’s stock worth $235,000 after acquiring an additional 51 shares during the period. Fifth Third Wealth Advisors LLC grew its stake in DICK’S Sporting Goods by 2.4% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,284 shares of the sporting goods retailer’s stock valued at $453,000 after acquiring an additional 54 shares in the last quarter. Parallel Advisors LLC grew its stake in DICK’S Sporting Goods by 5.9% during the 4th quarter. Parallel Advisors LLC now owns 980 shares of the sporting goods retailer’s stock valued at $194,000 after acquiring an additional 55 shares in the last quarter. Finally, PCB Capital LLC increased its holdings in shares of DICK’S Sporting Goods by 1.5% in the 1st quarter. PCB Capital LLC now owns 3,607 shares of the sporting goods retailer’s stock valued at $715,000 after purchasing an additional 55 shares during the period. 89.83% of the stock is owned by hedge funds and other institutional investors.

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.