DICK’S Sporting Goods (NYSE:DKS) Reaches New 1-Year High – Still a Buy?

DICK’S Sporting Goods, Inc. (NYSE:DKS) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $237.75 and last traded at $235.40, with a volume of 2814141 shares. The stock had previously closed at $231.24.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on DKS shares. Wells Fargo & Company decreased their price target on DICK’S Sporting Goods from $225.00 to $200.00 and set an “equal weight” rating for the company in a report on Friday, March 13th. BTIG Research reiterated a “buy” rating and set a $300.00 target price on shares of DICK’S Sporting Goods in a research report on Wednesday, May 13th. Morgan Stanley cut their price target on DICK’S Sporting Goods from $260.00 to $250.00 and set an “overweight” rating on the stock in a research report on Friday, March 13th. JPMorgan Chase & Co. lifted their price target on DICK’S Sporting Goods from $228.00 to $240.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, UBS Group reaffirmed a “buy” rating on shares of DICK’S Sporting Goods in a research report on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $246.72.

DICK’S Sporting Goods Stock Performance

The firm’s 50-day moving average is $210.73 and its 200 day moving average is $209.54. The stock has a market cap of $20.96 billion, a PE ratio of 23.03, a P/E/G ratio of 3.29 and a beta of 1.21. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.47 and a current ratio of 1.53.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Thursday, March 12th. The sporting goods retailer reported $3.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.43 by $0.02. The firm had revenue of $6.23 billion for 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 firm’s revenue for the quarter was up 59.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.62 EPS. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. As a group, research analysts anticipate that DICK’S Sporting Goods, Inc. will post 14.25 EPS for the current year.

DICK’S Sporting Goods Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Friday, March 27th were given a $1.25 dividend. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.21. The ex-dividend date was Friday, March 27th. This represents a $5.00 annualized dividend and a yield of 2.1%. DICK’S Sporting Goods’s payout ratio is presently 48.92%.

Insider Activity

In related news, Chairman Edward W. Stack sold 210,478 shares of the business’s stock in a transaction dated 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 owned 6,549,026 shares in the company, valued at $1,294,676,949.94. The trade was a 3.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Julie Lodge-Jarrett sold 4,140 shares of the business’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $223.56, for a total value of $925,538.40. Following the completion of the transaction, the executive vice president owned 24,757 shares in the company, valued at $5,534,674.92. This trade represents a 14.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 28.91% of the company’s stock.

Hedge Funds Weigh In On DICK’S Sporting Goods

Several institutional investors have recently added to or reduced their stakes in DKS. Clearstead Advisors LLC boosted its holdings in DICK’S Sporting Goods by 46.9% in the 3rd quarter. Clearstead Advisors LLC now owns 144 shares of the sporting goods retailer’s stock valued at $32,000 after purchasing an additional 46 shares in the last quarter. Root Financial Partners LLC purchased a new stake in DICK’S Sporting Goods in the 3rd quarter valued at approximately $33,000. Harbor Investment Advisory LLC purchased a new stake in DICK’S Sporting Goods in the 1st quarter valued at approximately $30,000. Westside Investment Management Inc. boosted its holdings in DICK’S Sporting Goods by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 152 shares of the sporting goods retailer’s stock valued at $35,000 after purchasing an additional 76 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in DICK’S Sporting Goods in the 4th quarter valued at approximately $30,000. 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.