DICK’S Sporting Goods (NYSE:DKS) Now Covered by The Goldman Sachs Group

The Goldman Sachs Group assumed coverage on shares of DICK’S Sporting Goods (NYSE:DKS) in a research note issued to investors on Tuesday, Marketbeat Ratings reports. The firm issued a buy rating and a $274.00 target price on the sporting goods retailer’s stock.

Other equities analysts have also recently issued reports about the company. DA Davidson set a $250.00 price target on DICK’S Sporting Goods in a research report on Friday, August 29th. Bank of America lowered their price target on DICK’S Sporting Goods from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Tuesday, June 24th. UBS Group raised their price objective on DICK’S Sporting Goods from $225.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Gordon Haskett raised DICK’S Sporting Goods from a “reduce” rating to a “hold” rating in a research note on Friday, July 25th. Finally, Cowen reissued a “hold” rating on shares of DICK’S Sporting Goods in a research note on Monday, August 18th. Eleven investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, DICK’S Sporting Goods currently has an average rating of “Moderate Buy” and a consensus target price of $237.84.

DICK’S Sporting Goods Stock Up 4.3%

Shares of DKS stock opened at $228.77 on Tuesday. DICK’S Sporting Goods has a 1 year low of $166.37 and a 1 year high of $254.60. The stock has a market cap of $18.32 billion, a PE ratio of 15.98, a price-to-earnings-growth ratio of 3.14 and a beta of 1.02. The business’s fifty day moving average is $218.68 and its 200-day moving average is $200.07. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.55 and a current ratio of 1.70.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.30 by $0.08. DICK’S Sporting Goods had a return on equity of 36.54% and a net margin of 8.52%.The company had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.61 billion. During the same period last year, the firm earned $4.37 EPS. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. DICK’S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. Equities analysts expect that DICK’S Sporting Goods will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be issued a dividend of $1.2125 per share. This represents a $4.85 annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, September 12th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 33.87%.

Insider Activity at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, EVP Julie Lodge-Jarrett sold 3,541 shares of the firm’s stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $187.00, for a total transaction of $662,167.00. Following the transaction, the executive vice president directly owned 19,165 shares in the company, valued at $3,583,855. This trade represents a 15.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lauren R. Hobart sold 40,166 shares of the firm’s stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $204.58, for a total value of $8,217,160.28. Following the transaction, the chief executive officer owned 299,990 shares in the company, valued at approximately $61,371,954.20. This trade represents a 11.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 69,200 shares of company stock valued at $14,462,923. Insiders own 32.55% of the company’s stock.

Hedge Funds Weigh In On DICK’S Sporting Goods

Institutional investors have recently bought and sold shares of the stock. Park Square Financial Group LLC bought a new position in DICK’S Sporting Goods during the fourth quarter valued at about $27,000. Private Trust Co. NA grew its position in shares of 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 valued at $38,000 after purchasing an additional 66 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new stake in shares of DICK’S Sporting Goods in the second quarter valued at about $40,000. Golden State Wealth Management LLC grew its position in shares of DICK’S Sporting Goods by 1,435.7% in the first quarter. Golden State Wealth Management LLC now owns 215 shares of the sporting goods retailer’s stock valued at $43,000 after purchasing an additional 201 shares during the last quarter. Finally, Bessemer Group Inc. grew its position in shares of DICK’S Sporting Goods by 49.3% in the first quarter. Bessemer Group Inc. now owns 218 shares of the sporting goods retailer’s stock valued at $44,000 after purchasing an additional 72 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors.

DICK’S Sporting Goods Company Profile

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.