DICK’S Sporting Goods (NYSE:DKS) Rating Increased to Hold at Wall Street Zen

DICK’S Sporting Goods (NYSE:DKS) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Sunday.

Several other analysts also recently weighed in on the stock. Wells Fargo & Company boosted their price target on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 26th. Telsey Advisory Group decreased their price objective on shares of DICK’S Sporting Goods from $255.00 to $245.00 and set an “outperform” rating for the company in a report on Wednesday, November 26th. Truist Financial raised their target price on DICK’S Sporting Goods from $248.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, October 17th. Robert W. Baird set a $226.00 price objective on shares of DICK’S Sporting Goods in a research note on Wednesday, November 26th. Finally, Morgan Stanley raised their price target on DICK’S Sporting Goods from $253.00 to $260.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. Eleven investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $239.10.

DICK’S Sporting Goods Trading Down 0.7%

NYSE:DKS opened at $206.16 on Friday. The company has a current ratio of 1.57, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The firm’s 50 day moving average is $210.86 and its 200 day moving average is $217.26. DICK’S Sporting Goods has a 12 month low of $166.37 and a 12 month high of $254.60. The stock has a market capitalization of $18.55 billion, a PE ratio of 16.59, a price-to-earnings-growth ratio of 3.23 and a beta of 1.19.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, November 25th. The sporting goods retailer reported $2.78 earnings per share for the quarter, topping 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 firm had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.45 billion. During the same quarter last year, the business earned $2.75 earnings per share. The company’s quarterly revenue 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. Sell-side analysts expect that DICK’S Sporting Goods will post 13.89 earnings per share for the current year.

Hedge Funds Weigh In On DICK’S Sporting Goods

A number of hedge funds and other institutional investors have recently made changes to their positions in DKS. Clearstead Advisors LLC lifted its position in shares of 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 valued at $32,000 after buying an additional 46 shares during the last quarter. Root Financial Partners LLC acquired a new stake in DICK’S Sporting Goods during the 3rd quarter worth about $33,000. Westside Investment Management Inc. raised its position in 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 buying an additional 76 shares during the last quarter. Mather Group LLC. acquired a new position in DICK’S Sporting Goods during the third quarter valued at $39,000. Finally, Atlantic Union Bankshares Corp purchased a new stake in DICK’S Sporting Goods during the second quarter worth $40,000. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Company Profile

DICK’S Sporting Goods is a leading U.S.-based sporting goods retailer that sells a broad range of sports equipment, apparel, footwear and outdoor gear. The company operates an omnichannel business combining physical stores with digital sales, offering products for team sports, fitness, hunting and fishing, golf, and general active lifestyle categories. In addition to its flagship DICK’S stores, the company operates specialty formats such as Golf Galaxy and branded service offerings including team-sports sales and custom equipment solutions.

The company traces its roots to a single sporting goods outlet founded in 1948 and has since grown into a national retail chain serving customers across the United States.