Telsey Advisory Group Forecasts Strong Price Appreciation for DICK’S Sporting Goods (NYSE:DKS) Stock

DICK’S Sporting Goods (NYSE:DKS) had its price objective increased by investment analysts at Telsey Advisory Group from $220.00 to $255.00 in a research note issued on Friday, MarketBeat Ratings reports. The firm currently has an “outperform” rating on the sporting goods retailer’s stock. Telsey Advisory Group’s price target would suggest a potential upside of 12.12% from the company’s previous close. Telsey Advisory Group also issued estimates for DICK’S Sporting Goods’ Q2 2027 earnings at $4.67 EPS and Q3 2027 earnings at $3.07 EPS.

DKS has been the subject of several other reports. Bank of America dropped their price objective on shares of DICK’S Sporting Goods from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Tuesday, June 24th. Wells Fargo & Company boosted their target price on shares of DICK’S Sporting Goods from $187.00 to $215.00 and gave the company an “equal weight” rating in a research note on Thursday, August 14th. Barclays boosted their target price on shares of DICK’S Sporting Goods from $217.00 to $232.00 and gave the company an “overweight” rating in a research note on Thursday, May 29th. DA Davidson reissued a “buy” rating and set a $230.00 target price on shares of DICK’S Sporting Goods in a research note on Friday, June 27th. Finally, Wall Street Zen raised shares of DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a research note on Friday, May 9th. Nine research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, DICK’S Sporting Goods currently has an average rating of “Hold” and a consensus price target of $225.00.

DICK’S Sporting Goods Stock Up 1.8%

NYSE DKS opened at $227.4270 on Friday. The company has a quick ratio of 0.47, a current ratio of 1.62 and a debt-to-equity ratio of 0.49. The company has a fifty day moving average of $207.23 and a two-hundred day moving average of $201.08. The firm has a market capitalization of $18.20 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 3.25 and a beta of 1.07. DICK’S Sporting Goods has a 52 week low of $166.37 and a 52 week high of $254.60.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Wednesday, May 28th. The sporting goods retailer reported $3.37 EPS for the quarter, hitting the consensus estimate of $3.37. The company had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.12 billion. DICK’S Sporting Goods had a net margin of 8.49% and a return on equity of 38.06%. DICK’S Sporting Goods has set its FY 2025 guidance at 13.800-14.400 EPS. On average, analysts predict that DICK’S Sporting Goods will post 13.89 earnings per share for the current year.

Insider Transactions at DICK’S Sporting Goods

In other news, Director Robert W. Eddy acquired 1,280 shares of the firm’s stock in a transaction that occurred on Thursday, June 26th. The stock was purchased at an average cost of $194.99 per share, for a total transaction of $249,587.20. Following the completion of the acquisition, the director directly owned 6,048 shares of the company’s stock, valued at $1,179,299.52. The trade was a 26.85% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Elizabeth H. Baran sold 1,830 shares of DICK’S Sporting Goods stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $204.65, for a total value of $374,509.50. Following the completion of the sale, the senior vice president owned 12,465 shares of the company’s stock, valued at $2,550,962.25. The trade was a 12.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 69,200 shares of company stock valued at $14,462,923 over the last three months. 32.55% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On DICK’S Sporting Goods

Large investors have recently added to or reduced their stakes in the company. Park Square Financial Group LLC bought a new position in DICK’S Sporting Goods in the fourth quarter worth about $27,000. Ancora Advisors LLC bought a new position in DICK’S Sporting Goods in the fourth quarter worth about $28,000. Private Trust Co. NA raised its holdings in DICK’S Sporting Goods by 54.1% in the first quarter. Private Trust Co. NA now owns 188 shares of the sporting goods retailer’s stock worth $38,000 after purchasing an additional 66 shares in the last quarter. Atlantic Union Bankshares Corp bought a new position in DICK’S Sporting Goods in the second quarter worth about $40,000. Finally, Golden State Wealth Management LLC increased its holdings in shares of DICK’S Sporting Goods by 1,435.7% during the first quarter. Golden State Wealth Management LLC now owns 215 shares of the sporting goods retailer’s stock valued at $43,000 after acquiring an additional 201 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors.

About DICK’S Sporting Goods

Dick’s Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.