Brokerages Set DICK’S Sporting Goods, Inc. (NYSE:DKS) Target Price at $236.21

DICK’S Sporting Goods, Inc. (NYSE:DKS) has earned an average recommendation of “Moderate Buy” from the twenty brokerages that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $236.2105.

Several equities research analysts have issued reports on DKS shares. Telsey Advisory Group reaffirmed an “outperform” rating and set a $245.00 target price on shares of DICK’S Sporting Goods in a research note on Monday, March 9th. Wall Street Zen upgraded shares of DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a research report on Sunday, January 25th. Wells Fargo & Company decreased their price target on shares of DICK’S Sporting Goods from $225.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Friday, March 13th. DA Davidson set a $260.00 price objective on shares of DICK’S Sporting Goods in a research note on Monday, January 12th. Finally, UBS Group reiterated a “buy” rating on shares of DICK’S Sporting Goods in a report on Tuesday, March 3rd.

Hedge Funds Weigh In On DICK’S Sporting Goods

Institutional investors have recently added to or reduced their stakes in the stock. Guggenheim Capital LLC boosted its stake in DICK’S Sporting Goods by 0.4% during the second quarter. Guggenheim Capital LLC now owns 11,829 shares of the sporting goods retailer’s stock worth $2,340,000 after buying an additional 46 shares during the last quarter. Clearstead Advisors LLC increased its stake in shares of 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 worth $32,000 after acquiring an additional 46 shares during the last quarter. Jacobi Capital Management LLC raised its holdings in shares of DICK’S Sporting Goods by 4.5% during the 4th quarter. Jacobi Capital Management LLC now owns 1,189 shares of the sporting goods retailer’s stock worth $235,000 after acquiring an additional 51 shares during the period. Lido Advisors LLC boosted its position in shares of DICK’S Sporting Goods by 3.9% during the 3rd quarter. Lido Advisors LLC now owns 1,358 shares of the sporting goods retailer’s stock valued at $302,000 after acquiring an additional 51 shares during the last quarter. Finally, Bath Savings Trust Co boosted its position in shares of DICK’S Sporting Goods by 0.4% during the 4th quarter. Bath Savings Trust Co now owns 12,366 shares of the sporting goods retailer’s stock valued at $2,448,000 after acquiring an additional 53 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Price Performance

Shares of DICK’S Sporting Goods stock opened at $190.11 on Friday. The stock has a market capitalization of $17.10 billion, a P/E ratio of 18.60, a PEG ratio of 2.71 and a beta of 1.23. The business has a 50 day simple moving average of $203.66 and a two-hundred day simple moving average of $213.25. DICK’S Sporting Goods has a 12 month low of $166.37 and a 12 month high of $237.31. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.53 and a quick ratio of 0.47.

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, topping analysts’ consensus estimates of $3.43 by $0.02. DICK’S Sporting Goods had a return on equity of 27.12% and a net margin of 4.93%.The firm had revenue of $6.23 billion for the quarter, compared to analyst estimates of $6.06 billion. During the same period in the previous year, the company posted $3.62 earnings per share. The business’s revenue was up 59.9% on a year-over-year basis. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. As a group, analysts predict that DICK’S Sporting Goods will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.6%. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.21. The ex-dividend date is Friday, March 27th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 47.46%.

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.