DICK’S Sporting Goods (NYSE:DKS) Downgraded to Sell Rating by Wall Street Zen

Wall Street Zen cut shares of DICK’S Sporting Goods (NYSE:DKS) from a hold rating to a sell rating in a report published on Saturday.

A number of other equities research analysts have also issued reports on DKS. Robert W. Baird set a $226.00 price objective on shares of DICK’S Sporting Goods in a report on Wednesday, November 26th. DA Davidson set a $260.00 price target on shares of DICK’S Sporting Goods in a research note on Monday, January 12th. TD Cowen cut their price target on shares of DICK’S Sporting Goods from $234.00 to $226.00 and set a “hold” rating for the company in a report on Wednesday, November 26th. Wells Fargo & Company upped their price objective on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company an “equal weight” rating in a report on Wednesday, November 26th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of DICK’S Sporting Goods in a research note on Monday, December 29th. Eleven investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $236.14.

DICK’S Sporting Goods Stock Up 1.2%

DKS stock opened at $215.47 on Friday. The company has a current ratio of 1.57, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The firm has a 50-day moving average of $211.84 and a two-hundred day moving average of $217.16. DICK’S Sporting Goods has a 12 month low of $166.37 and a 12 month high of $254.60. The company has a market cap of $19.39 billion, a price-to-earnings ratio of 17.33, a PEG ratio of 3.38 and a beta of 1.19.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Tuesday, November 25th. The sporting goods retailer reported $2.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.62 by $0.16. DICK’S Sporting Goods had a return on equity of 30.55% and a net margin of 6.86%.The business had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.45 billion. During the same period in the prior year, the business earned $2.75 earnings per share. The business’s revenue was up 36.3% compared to the same quarter last year. DICK’S Sporting Goods has set its FY 2025 guidance at 14.250-14.550 EPS. As a group, analysts forecast that DICK’S Sporting Goods will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 12th were paid a dividend of $1.2125 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $4.85 annualized dividend and a yield of 2.3%. DICK’S Sporting Goods’s dividend payout ratio is presently 39.02%.

Hedge Funds Weigh In On DICK’S Sporting Goods

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of DICK’S Sporting Goods by 17.8% in the third quarter. Vanguard Group Inc. now owns 6,719,011 shares of the sporting goods retailer’s stock valued at $1,493,099,000 after purchasing an additional 1,015,599 shares during the period. Wellington Management Group LLP boosted its position in DICK’S Sporting Goods by 83.9% in the 3rd quarter. Wellington Management Group LLP now owns 6,606,860 shares of the sporting goods retailer’s stock valued at $1,468,176,000 after buying an additional 3,013,850 shares during the period. Bank of America Corp DE grew its stake in shares of DICK’S Sporting Goods by 588.1% in the third quarter. Bank of America Corp DE now owns 3,545,944 shares of the sporting goods retailer’s stock worth $787,980,000 after acquiring an additional 3,030,642 shares in the last quarter. State Street Corp increased its position in shares of DICK’S Sporting Goods by 17.7% during the third quarter. State Street Corp now owns 2,606,541 shares of the sporting goods retailer’s stock worth $579,226,000 after acquiring an additional 391,694 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of DICK’S Sporting Goods by 58.2% during the third quarter. Dimensional Fund Advisors LP now owns 1,423,102 shares of the sporting goods retailer’s stock worth $316,224,000 after acquiring an additional 523,809 shares during the period. 89.83% of the stock is owned by institutional investors and hedge funds.

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.