DICK’S Sporting Goods (NYSE:DKS) Price Target Cut to $242.00 by Analysts at Barclays

DICK’S Sporting Goods (NYSE:DKS) had its target price cut by Barclays from $246.00 to $242.00 in a research report released on Friday,Benzinga reports. They currently have an overweight rating on the sporting goods retailer’s stock.

Other equities analysts have also recently issued reports about the company. Cowen reiterated a “hold” rating on shares of DICK’S Sporting Goods in a research note on Wednesday. Morgan Stanley increased their price objective on shares of DICK’S Sporting Goods from $232.00 to $253.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. Wells Fargo & Company boosted their target price on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock an “equal weight” rating in a research report on Wednesday. TD Cowen cut their target price on shares of DICK’S Sporting Goods from $234.00 to $226.00 and set a “hold” rating on the stock in a research note on Wednesday. Finally, Weiss Ratings upgraded DICK’S Sporting Goods from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. Twelve research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $235.10.

DICK’S Sporting Goods Stock Down 0.5%

Shares of DICK’S Sporting Goods stock opened at $206.40 on Friday. DICK’S Sporting Goods has a 1-year low of $166.37 and a 1-year high of $254.60. The company has a market capitalization of $16.53 billion, a PE ratio of 14.41, a P/E/G ratio of 3.23 and a beta of 1.05. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.70 and a quick ratio of 0.55. The business has a 50-day moving average of $221.24 and a 200-day moving average of $209.70.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Tuesday, November 25th. The sporting goods retailer reported $2.78 EPS for the quarter, beating analysts’ consensus estimates of $2.62 by $0.16. DICK’S Sporting Goods had a return on equity of 36.54% and a net margin of 8.52%.The firm had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.45 billion. During the same quarter in the prior year, the business posted $2.75 earnings per share. DICK’S Sporting Goods’s revenue for the quarter was up 36.3% on a year-over-year basis. DICK’S Sporting Goods has set its FY 2025 guidance at 14.250-14.550 EPS. As a group, equities analysts forecast that DICK’S Sporting Goods will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Friday, December 12th will be given a dividend of $1.2125 per share. This represents a $4.85 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, December 12th. DICK’S Sporting Goods’s payout ratio is 39.02%.

Insider Activity at DICK’S Sporting Goods

In related news, CEO Lauren R. Hobart sold 20,083 shares of DICK’S Sporting Goods stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $220.69, for a total transaction of $4,432,117.27. Following the sale, the chief executive officer directly owned 299,990 shares in the company, valued at $66,204,793.10. The trade was a 6.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 32.55% of the company’s stock.

Hedge Funds Weigh In On DICK’S Sporting Goods

Several large investors have recently bought and sold shares of DKS. Guggenheim Capital LLC lifted its stake in shares of DICK’S Sporting Goods by 0.4% in 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 during the period. Clearstead Advisors LLC lifted its position in DICK’S Sporting Goods by 46.9% in 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 period. Oder Investment Management LLC lifted 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 worth $1,060,000 after purchasing an additional 51 shares during the period. Lido Advisors LLC boosted its stake in 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 purchasing an additional 51 shares in the last quarter. Finally, US Bancorp DE increased its position in shares of DICK’S Sporting Goods by 1.1% during the 1st quarter. US Bancorp DE now owns 4,740 shares of the sporting goods retailer’s stock valued at $955,000 after purchasing an additional 53 shares during the period. Institutional investors and hedge funds own 89.83% of the company’s stock.

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.