Zacks Research Upgrades DICK’S Sporting Goods (NYSE:DKS) to “Hold”

DICK’S Sporting Goods (NYSE:DKS) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday, Zacks reports.

Several other analysts also recently weighed in on the stock. The Goldman Sachs Group dropped their target price on shares of DICK’S Sporting Goods from $271.00 to $170.00 and set a “buy” rating for the company in a report on Wednesday, August 26th. Cantor Fitzgerald started coverage on DICK’S Sporting Goods in a research report on Tuesday. They issued a “neutral” rating and a $146.00 target price on the stock. Wells Fargo & Company decreased their price target on DICK’S Sporting Goods from $240.00 to $185.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 25th. Loop Capital restated a “hold” rating and set a $140.00 price target on shares of DICK’S Sporting Goods in a research report on Tuesday, August 25th. Finally, Wall Street Zen raised DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a research note on Saturday, October 17th. Twelve investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $166.55.

DICK’S Sporting Goods Trading Up 1.5%

NYSE DKS opened at $149.84 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 0.36. The stock has a market capitalization of $13.33 billion, a P/E ratio of 16.09, a PEG ratio of 2.80 and a beta of 1.09. The firm’s 50-day moving average is $136.92 and its two-hundred day moving average is $190.20. DICK’S Sporting Goods has a 12 month low of $120.15 and a 12 month high of $244.38.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Tuesday, August 25th. The sporting goods retailer reported $3.53 earnings per share for the quarter, missing analysts’ consensus estimates of $3.74 by ($0.21). The company had revenue of $5.59 billion for 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%. DICK’S Sporting Goods’s revenue was up 53.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.38 earnings per share. DICK’S Sporting Goods has set its FY 2026 guidance at 11.000-12.000 EPS. On average, sell-side analysts anticipate that DICK’S Sporting Goods will post 11.68 earnings per share for the current year.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, Director William Colombo acquired 5,000 shares of the stock in a transaction dated Wednesday, August 26th. The stock was acquired at an average price of $128.72 per share, with a total value of $643,600.00. Following the completion of the purchase, the director owned 178,987 shares in the company, valued at $23,039,206.64. This trade represents a 2.87% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Navdeep Gupta acquired 7,707 shares of the company’s stock in a transaction that occurred on Tuesday, September 22nd. The stock was acquired at an average price of $129.75 per share, with a total value of $999,983.25. Following the acquisition, the executive vice president directly owned 86,580 shares of the company’s stock, valued at approximately $11,233,755. This represents a 9.77% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have bought 42,795 shares of company stock valued at $5,588,641. 28.91% of the stock is owned by company insiders.

Hedge Funds Weigh In On DICK’S Sporting Goods

Institutional investors have recently modified their holdings of the business. BlackRock Inc. acquired a new stake in shares of DICK’S Sporting Goods in the second quarter valued at $1,501,321,000. Bank of America Corp DE acquired a new position in DICK’S Sporting Goods during the 2nd quarter worth $1,024,000,000. Bank of New York Mellon Corp acquired a new position in DICK’S Sporting Goods during the 2nd quarter worth $128,943,000. Atreides Management LP acquired a new position in DICK’S Sporting Goods during the 2nd quarter worth $85,081,000. Finally, Minneapolis Portfolio Management Group LLC acquired a new position in DICK’S Sporting Goods during the 3rd quarter worth $28,390,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

About DICK’S Sporting Goods

DICK’S Sporting Goods, Inc. is a U.S. sporting goods retailer that sells equipment, apparel, footwear and accessories for a range of sports and outdoor activities. Customers can shop through its stores and e-commerce platforms, and the company also offers services such as golf club fitting and equipment repair at select locations. The company operates under several retail banners, including DICK’S Sporting Goods, Golf Galaxy, Public Lands and Going Going Gone!, as well as experiential DICK’S House of Sport locations.