DICK’S Sporting Goods (NYSE:DKS) Downgraded to “Sell” Rating by Wall Street Zen

DICK’S Sporting Goods (NYSE:DKS) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

A number of other brokerages have also weighed in on DKS. Telsey Advisory Group lowered their price objective on DICK’S Sporting Goods from $255.00 to $245.00 and set an “outperform” rating for the company in a research note on Wednesday, November 26th. JPMorgan Chase & Co. increased 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. Weiss Ratings reissued a “hold (c+)” rating on shares of DICK’S Sporting Goods in a research report on Thursday. DA Davidson dropped their price target on shares of 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. Finally, Barclays cut their price target on shares of DICK’S Sporting Goods from $246.00 to $242.00 and set an “overweight” rating on the stock in a report on Friday, November 28th. Eleven equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, DICK’S Sporting Goods has an average rating of “Hold” and an average target price of $235.10.

DICK’S Sporting Goods Stock Performance

DICK’S Sporting Goods stock opened at $213.54 on Friday. DICK’S Sporting Goods has a 12-month low of $166.37 and a 12-month high of $254.60. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 0.37. The company has a market capitalization of $19.21 billion, a price-to-earnings ratio of 17.18, a price-to-earnings-growth ratio of 3.35 and a beta of 1.17. The firm’s fifty day moving average price is $219.65 and its 200 day moving average price is $212.18.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Tuesday, November 25th. The sporting goods retailer reported $2.78 earnings per share for the quarter, beating analysts’ consensus estimates of $2.62 by $0.16. DICK’S Sporting Goods had a net margin of 6.86% and a return on equity of 30.55%. The company had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $4.45 billion. During the same period in the prior year, the company posted $2.75 EPS. The firm’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. On average, research analysts forecast that DICK’S Sporting Goods will post 13.89 EPS for the current fiscal year.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, CEO Lauren R. Hobart sold 20,083 shares of the business’s stock in a transaction on 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 sale, the chief executive officer 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 32.55% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Clearstead Advisors LLC lifted its holdings 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 acquiring an additional 46 shares during the last quarter. Root Financial Partners LLC acquired a new stake in shares of DICK’S Sporting Goods during the 3rd quarter worth approximately $33,000. Westside Investment Management Inc. raised its position in shares of DICK’S Sporting Goods by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 152 shares of the sporting goods retailer’s stock worth $35,000 after purchasing an additional 76 shares during the period. Mather Group LLC. bought a new stake in shares of DICK’S Sporting Goods in the 3rd quarter worth approximately $39,000. Finally, Atlantic Union Bankshares Corp acquired a new position in DICK’S Sporting Goods during the 2nd quarter valued at approximately $40,000. 89.83% of the stock is owned by institutional investors and hedge funds.

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.