DICK’S Sporting Goods’ (DKS) “Outperform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group restated their outperform rating on shares of DICK’S Sporting Goods (NYSE:DKS) in a report released on Thursday, MarketBeat.com reports. They currently have a $255.00 price objective on the sporting goods retailer’s stock.

A number of other equities analysts have also recently weighed in on DKS. Wells Fargo & Company lifted their price target on shares of DICK’S Sporting Goods from $215.00 to $220.00 and gave the stock an “equal weight” rating in a research report on Friday, August 29th. Weiss Ratings upgraded shares of DICK’S Sporting Goods from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. UBS Group lifted their target price on DICK’S Sporting Goods from $225.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, August 29th. JPMorgan Chase & Co. boosted their target price on DICK’S Sporting Goods from $195.00 to $235.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. Finally, Loop Capital set a $215.00 price target on DICK’S Sporting Goods and gave the stock a “hold” rating in a research report on Wednesday, July 30th. Twelve research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, DICK’S Sporting Goods currently has a consensus rating of “Hold” and a consensus target price of $234.29.

DICK’S Sporting Goods Trading Up 3.1%

NYSE:DKS opened at $208.81 on Thursday. The company has a current ratio of 1.70, a quick ratio of 0.55 and a debt-to-equity ratio of 0.44. DICK’S Sporting Goods has a 1-year low of $166.37 and a 1-year high of $254.60. The firm has a market capitalization of $16.72 billion, a price-to-earnings ratio of 14.58, a PEG ratio of 3.23 and a beta of 1.05. The business’s 50-day moving average price is $222.96 and its two-hundred day moving average price is $209.40.

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

DICK’S Sporting Goods Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were paid a $1.2125 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $4.85 annualized dividend and a dividend yield of 2.3%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 33.87%.

Insider Activity at DICK’S Sporting Goods

In other news, CEO Lauren R. Hobart sold 20,083 shares of the company’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $220.69, for a total transaction of $4,432,117.27. Following the completion of the transaction, the chief executive officer directly owned 299,990 shares of the company’s stock, valued at $66,204,793.10. This represents a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 32.55% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On DICK’S Sporting Goods

A number of hedge funds and other institutional investors have recently bought and sold shares of DKS. Guggenheim Capital LLC grew its stake in shares of DICK’S Sporting Goods by 0.4% during the 2nd quarter. Guggenheim Capital LLC now owns 11,829 shares of the sporting goods retailer’s stock worth $2,340,000 after acquiring an additional 46 shares in the last quarter. Clearstead Advisors LLC boosted its holdings in DICK’S Sporting Goods by 46.9% during the third quarter. Clearstead Advisors LLC now owns 144 shares of the sporting goods retailer’s stock worth $32,000 after purchasing an additional 46 shares during the last quarter. Oder Investment Management LLC grew its position in DICK’S Sporting Goods by 1.0% in the first quarter. Oder Investment Management LLC now owns 5,258 shares of the sporting goods retailer’s stock valued at $1,060,000 after purchasing an additional 51 shares in the last quarter. Lido Advisors LLC increased its stake in DICK’S Sporting Goods by 3.9% in the 3rd quarter. Lido Advisors LLC now owns 1,358 shares of the sporting goods retailer’s stock valued at $302,000 after buying an additional 51 shares during the last quarter. Finally, US Bancorp DE increased its stake in DICK’S Sporting Goods by 1.1% in the 1st quarter. US Bancorp DE now owns 4,740 shares of the sporting goods retailer’s stock valued at $955,000 after buying an additional 53 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

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.