DICK’S Sporting Goods (NYSE:DKS) Price Target Cut to $273.00 by Analysts at DA Davidson

DICK’S Sporting Goods (NYSE:DKS) had its price target cut by DA Davidson from $280.00 to $273.00 in a research report released on Wednesday morning,Benzinga reports. They currently have a buy rating on the sporting goods retailer’s stock. DA Davidson also issued estimates for DICK’S Sporting Goods’ Q1 2026 earnings at $3.27 EPS, FY2026 earnings at $14.23 EPS and FY2027 earnings at $15.15 EPS.

Other equities research analysts have also recently issued reports about the company. Morgan Stanley boosted their price target on DICK’S Sporting Goods from $245.00 to $255.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Argus boosted their price target on DICK’S Sporting Goods from $255.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Telsey Advisory Group reiterated an “outperform” rating and issued a $260.00 price target on shares of DICK’S Sporting Goods in a research note on Friday, March 7th. Stifel Nicolaus cut their target price on DICK’S Sporting Goods from $240.00 to $226.00 and set a “hold” rating for the company in a research note on Wednesday. Finally, Wedbush restated a “neutral” rating and set a $215.00 target price on shares of DICK’S Sporting Goods in a research note on Wednesday. Nine investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, DICK’S Sporting Goods currently has an average rating of “Moderate Buy” and an average price target of $245.57.

DICK’S Sporting Goods Trading Up 4.4 %

Shares of NYSE:DKS opened at $194.74 on Wednesday. DICK’S Sporting Goods has a 12-month low of $182.84 and a 12-month high of $254.60. The stock has a market cap of $15.87 billion, a PE ratio of 13.92, a P/E/G ratio of 2.47 and a beta of 1.53. The business has a 50 day moving average of $228.59 and a 200-day moving average of $218.26. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.47 by $0.15. The company had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.76 billion. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The business’s revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.85 earnings per share. As a group, equities research analysts forecast that DICK’S Sporting Goods will post 13.89 earnings per share for the current year.

DICK’S Sporting Goods Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be issued a $1.2125 dividend. This represents a $4.85 dividend on an annualized basis and a yield of 2.49%. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Friday, March 28th. DICK’S Sporting Goods’s dividend payout ratio is presently 31.45%.

DICK’S Sporting Goods announced that its board has authorized a share buyback plan on Tuesday, March 11th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the sporting goods retailer to repurchase up to 18.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

Insider Activity at DICK’S Sporting Goods

In related news, Chairman Edward W. Stack sold 160,600 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $229.25, for a total value of $36,817,550.00. Following the completion of the sale, the chairman now directly owns 8,362,128 shares in the company, valued at $1,917,017,844. This represents a 1.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the stock in a transaction on Friday, January 17th. The shares were sold at an average price of $227.99, for a total value of $1,139,950.00. Following the completion of the sale, the executive vice president now owns 16,504 shares of the company’s stock, valued at $3,762,746.96. The trade was a 23.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 172,933 shares of company stock worth $39,655,456 over the last three months. Company insiders own 32.03% of the company’s stock.

Institutional Trading of DICK’S Sporting Goods

A number of institutional investors have recently bought and sold shares of the company. Brooklyn Investment Group bought a new position in shares of DICK’S Sporting Goods during the 3rd quarter worth about $27,000. Park Square Financial Group LLC bought a new position in DICK’S Sporting Goods in the 4th quarter valued at about $27,000. New Wave Wealth Advisors LLC bought a new position in DICK’S Sporting Goods in the 4th quarter valued at about $28,000. Ancora Advisors LLC bought a new position in DICK’S Sporting Goods in the 4th quarter valued at about $28,000. Finally, Rialto Wealth Management LLC bought a new position in DICK’S Sporting Goods in the 4th quarter valued at about $30,000. Institutional investors own 89.83% of the company’s stock.

About DICK’S Sporting Goods

Dick’s Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.