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

DICK’S Sporting Goods, Inc. (NYSE:DKS) has been assigned a consensus recommendation of “Moderate Buy” from the seventeen ratings firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, twelve have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $258.4375.

A number of analysts recently issued reports on DKS shares. The Goldman Sachs Group reiterated a “buy” rating on shares of DICK’S Sporting Goods in a report on Monday, August 3rd. Jefferies Financial Group raised their price objective on DICK’S Sporting Goods from $210.00 to $224.00 and gave the stock a “hold” rating in a report on Wednesday, May 27th. Wells Fargo & Company raised DICK’S Sporting Goods from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $220.00 to $240.00 in a research report on Monday. Truist Financial upped their target price on DICK’S Sporting Goods from $252.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Finally, Telsey Advisory Group upped their target price on DICK’S Sporting Goods from $240.00 to $255.00 and gave the stock an “outperform” rating in a report on Wednesday, May 20th.

DICK’S Sporting Goods Trading Down 0.0%

DKS stock opened at $202.24 on Wednesday. DICK’S Sporting Goods has a 12 month low of $186.67 and a 12 month high of $244.38. The firm’s 50-day moving average is $216.95 and its 200 day moving average is $211.91. The company has a market capitalization of $18.10 billion, a PE ratio of 19.22, a P/E/G ratio of 1.76 and a beta of 1.21. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.50 and a quick ratio of 0.38.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.91 by ($0.01). The company had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.07 billion. DICK’S Sporting Goods had a net margin of 4.71% and a return on equity of 22.22%. DICK’S Sporting Goods’s quarterly revenue was up 62.7% on a year-over-year basis. During the same period last year, the firm earned $3.37 earnings per share. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. On average, research analysts anticipate that DICK’S Sporting Goods will post 14.24 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

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

Institutional Trading of DICK’S Sporting Goods

A number of hedge funds have recently added to or reduced their stakes in DKS. Harbor Investment Advisory LLC bought a new stake in shares of DICK’S Sporting Goods in the 1st quarter valued at about $30,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of DICK’S Sporting Goods during the fourth quarter valued at approximately $30,000. Laurel Wealth Advisors LLC bought a new position in shares of DICK’S Sporting Goods during the fourth quarter valued at approximately $34,000. Elyxium Wealth LLC purchased a new position in DICK’S Sporting Goods during the fourth quarter valued at approximately $35,000. Finally, SHP Wealth Management purchased a new position in DICK’S Sporting Goods during the fourth quarter valued at approximately $38,000. 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.