DICK’S Sporting Goods, Inc. (NYSE:DKS) Receives Consensus Recommendation of “Hold” from Brokerages

DICK’S Sporting Goods, Inc. (NYSE:DKS) has received an average recommendation of “Hold” from the twenty-four ratings firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $235.0952.

Several research analysts have issued reports on DKS shares. Barclays dropped their target price on DICK’S Sporting Goods from $246.00 to $242.00 and set an “overweight” rating on the stock in a research report on Friday, November 28th. UBS Group upped their target price on shares of DICK’S Sporting Goods from $225.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Oppenheimer restated an “outperform” rating and issued a $270.00 price objective on shares of DICK’S Sporting Goods in a research report on Friday, August 29th. TD Cowen cut their target price on DICK’S Sporting Goods from $234.00 to $226.00 and set a “hold” rating for the company in a research report on Wednesday, November 26th. Finally, DA Davidson dropped their price target on DICK’S Sporting Goods from $270.00 to $245.00 and set a “buy” rating for the company in a research note on Wednesday, November 26th.

Insider Buying and Selling

In other DICK’S Sporting Goods news, CEO Lauren R. Hobart sold 20,083 shares of the 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 completion of the transaction, the chief executive officer owned 299,990 shares of the company’s stock, valued at $66,204,793.10. This represents a 6.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 32.55% of the stock is currently owned by insiders.

Hedge Funds Weigh In On DICK’S Sporting Goods

Several institutional investors have recently added to or reduced their stakes in the company. Allworth Financial LP grew its holdings in shares of DICK’S Sporting Goods by 129.6% in the third quarter. Allworth Financial LP now owns 3,079 shares of the sporting goods retailer’s stock valued at $684,000 after purchasing an additional 1,738 shares in the last quarter. Swiss Life Asset Management Ltd increased its stake in DICK’S Sporting Goods by 19.4% during the third quarter. Swiss Life Asset Management Ltd now owns 13,839 shares of the sporting goods retailer’s stock worth $3,075,000 after acquiring an additional 2,244 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in shares of DICK’S Sporting Goods by 0.5% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 415,091 shares of the sporting goods retailer’s stock valued at $92,241,000 after purchasing an additional 2,212 shares during the last quarter. CIBC Bancorp USA Inc. bought a new position in shares of DICK’S Sporting Goods during the 3rd quarter valued at approximately $533,000. Finally, WBI Investments LLC increased its position in shares of DICK’S Sporting Goods by 19.1% during the 3rd quarter. WBI Investments LLC now owns 5,865 shares of the sporting goods retailer’s stock valued at $1,303,000 after purchasing an additional 940 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Down 1.0%

DKS opened at $225.61 on Friday. The stock has a market capitalization of $18.07 billion, a price-to-earnings ratio of 18.15, a PEG ratio of 3.48 and a beta of 1.17. The firm has a 50 day moving average price of $220.57 and a 200-day moving average price of $210.30. DICK’S Sporting Goods has a twelve month low of $166.37 and a twelve month high of $254.60. The company has a quick ratio of 0.37, a current ratio of 1.57 and a debt-to-equity ratio of 0.35.

DICK’S Sporting Goods (NYSE:DKS) last posted its earnings results on Tuesday, November 25th. The sporting goods retailer reported $2.78 EPS for the quarter, topping analysts’ consensus estimates of $2.62 by $0.16. The business had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.45 billion. DICK’S Sporting Goods had a net margin of 6.86% and a return on equity of 30.55%. The firm’s revenue was up 36.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.75 EPS. DICK’S Sporting Goods has set its FY 2025 guidance at 14.250-14.550 EPS. Equities research analysts forecast that DICK’S Sporting Goods will post 13.89 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Friday, December 12th will be issued a $1.2125 dividend. This represents a $4.85 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, December 12th. DICK’S Sporting Goods’s payout ratio is currently 39.02%.

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.