Bank of America Cuts DICK’S Sporting Goods (NYSE:DKS) Price Target to $200.00

DICK’S Sporting Goods (NYSE:DKS) had its price target decreased by Bank of America from $245.00 to $200.00 in a research report released on Wednesday morning,Benzinga reports. Bank of America currently has a buy rating on the sporting goods retailer’s stock.

DKS has been the topic of several other research reports. BNP Paribas Exane reissued an “underperform” rating and issued a $99.00 price target on shares of DICK’S Sporting Goods in a report on Wednesday. Barclays lowered their target price on shares of DICK’S Sporting Goods from $280.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday. KGI Securities lowered shares of DICK’S Sporting Goods from an “outperform” rating to a “neutral” rating and set a $135.10 price target for the company. in a research report on Wednesday. Wells Fargo & Company cut their price target on shares of DICK’S Sporting Goods from $240.00 to $185.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, Jefferies Financial Group set a $171.00 price objective on DICK’S Sporting Goods in a report on Tuesday. Twelve research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $170.22.

DICK’S Sporting Goods Price Performance

Shares of NYSE:DKS opened at $135.09 on Wednesday. The firm has a market capitalization of $12.09 billion, a PE ratio of 14.51, a PEG ratio of 1.39 and a beta of 1.21. The company has a current ratio of 1.49, a quick ratio of 0.38 and a debt-to-equity ratio of 0.33. DICK’S Sporting Goods has a 1-year low of $120.40 and a 1-year high of $244.38. The business’s 50 day moving average is $205.27 and its 200-day moving average is $209.05.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, August 25th. The sporting goods retailer reported $3.53 EPS for the quarter, missing analysts’ consensus estimates of $3.74 by ($0.21). The firm had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.64 billion. DICK’S Sporting Goods had a net margin of 3.97% and a return on equity of 19.21%. The business’s revenue for the quarter was up 53.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.38 earnings per share. DICK’S Sporting Goods has set its FY 2026 guidance at 11.000-12.000 EPS. Sell-side analysts predict that DICK’S Sporting Goods will post 11.75 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Friday, September 11th. DICK’S Sporting Goods’s dividend payout ratio is currently 53.71%.

Insider Activity

In other news, Director William J. Colombo acquired 1,100 shares of the company’s stock in a transaction dated Thursday, August 27th. The stock was bought at an average price of $129.00 per share, with a total value of $141,900.00. Following the completion of the acquisition, the director owned 180,087 shares in the company, valued at approximately $23,231,223. This represents a 0.61% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Sandeep Mathrani bought 1,550 shares of the business’s stock in a transaction dated Wednesday, August 26th. The stock was purchased at an average price of $128.89 per share, with a total value of $199,779.50. Following the purchase, the director directly owned 11,136 shares of the company’s stock, valued at $1,435,319.04. The trade was a 16.17% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought a total of 28,650 shares of company stock valued at $3,722,280 over the last three months. 28.91% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On DICK’S Sporting Goods

Hedge funds and other institutional investors have recently bought and sold shares of the business. Brown Financial Advisors bought a new position in DICK’S Sporting Goods in the 2nd quarter valued at $201,000. HighTower Advisors LLC grew its holdings in shares of DICK’S Sporting Goods by 34.7% during the second quarter. HighTower Advisors LLC now owns 275,886 shares of the sporting goods retailer’s stock worth $62,574,000 after purchasing an additional 71,001 shares during the last quarter. California State Teachers Retirement System grew its holdings in shares of DICK’S Sporting Goods by 20,961.0% during the second quarter. California State Teachers Retirement System now owns 15,878,288 shares of the sporting goods retailer’s stock worth $3,601,355,000 after purchasing an additional 15,802,896 shares during the last quarter. Alan B Lancz & Associates Inc. acquired a new stake in shares of DICK’S Sporting Goods in the second quarter valued at $227,000. Finally, HB Wealth Management LLC increased its stake in shares of DICK’S Sporting Goods by 24.8% in the second quarter. HB Wealth Management LLC now owns 2,064 shares of the sporting goods retailer’s stock valued at $468,000 after buying an additional 410 shares in the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

Key DICK’S Sporting Goods News

Here are the key news stories impacting DICK’S Sporting Goods this week:

• Positive Sentiment: Several directors made sizable open-market purchases after the earnings-related decline. William J. Colombo bought 6,100 shares for roughly $785,500, Mark J. Barrenechea purchased 17,000 shares for about $2.2 million, Robert W. Eddy bought 4,000 shares, and Sandeep Mathrani acquired 1,550 shares. The transactions may signal that company insiders view the selloff as excessive. SEC insider filing
• Positive Sentiment: Oppenheimer maintained a Buy rating, and Citigroup retained a Buy rating despite reducing its price target to $190 from $280. The new target still implies substantial potential upside from current trading levels. Analyst price target report
• Neutral Sentiment: Multiple law firms announced investigations into potential securities-law violations, including Kaplan Fox, Block & Leviton, BFA Law, Levi & Korsinsky and Pomerantz. These notices are investor solicitations and do not establish that DICK’S violated any law, but they add reputational and litigation risk. Kaplan Fox investigation notice
• Negative Sentiment: DICK’S reported quarterly earnings of $3.53 per share versus the $3.74 consensus estimate, while revenue of $5.59 billion also fell short of expectations. Earnings declined from $4.38 per share a year earlier, intensifying concerns about profitability despite strong reported revenue growth.
• Negative Sentiment: Telsey downgraded the stock to Market Perform and slashed its price target to $145 from $255. DA Davidson and BTIG also issued pessimistic forecasts, reinforcing concerns about the company’s outlook. Analyst downgrade report

DICK’S Sporting Goods Company Profile

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.