DICK’S Sporting Goods, Inc. (NYSE:DKS) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) have received an average recommendation of “Moderate Buy” from the twenty-one ratings firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $238.3684.

DKS has been the topic of a number of research reports. Morgan Stanley raised their target price on shares of DICK’S Sporting Goods from $253.00 to $260.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. DA Davidson set a $260.00 price target on shares of DICK’S Sporting Goods in a research note on Monday, January 12th. Telsey Advisory Group dropped their price objective on shares of DICK’S Sporting Goods from $255.00 to $245.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 26th. Robert W. Baird set a $253.00 target price on shares of DICK’S Sporting Goods in a research note on Wednesday, February 11th. Finally, TD Cowen restated a “hold” rating on shares of DICK’S Sporting Goods in a research report on Wednesday, November 26th.

Hedge Funds Weigh In On DICK’S Sporting Goods

Several institutional investors have recently bought and sold shares of the company. Guggenheim Capital LLC boosted its holdings in shares of DICK’S Sporting Goods by 0.4% in the second quarter. Guggenheim Capital LLC now owns 11,829 shares of the sporting goods retailer’s stock valued at $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% in the 3rd quarter. Clearstead Advisors LLC now owns 144 shares of the sporting goods retailer’s stock valued at $32,000 after purchasing an additional 46 shares in the last quarter. Jacobi Capital Management LLC boosted its holdings in DICK’S Sporting Goods by 4.5% in the 4th quarter. Jacobi Capital Management LLC now owns 1,189 shares of the sporting goods retailer’s stock valued at $235,000 after purchasing an additional 51 shares in the last quarter. Lido Advisors LLC increased its position 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 worth $302,000 after purchasing an additional 51 shares during the period. Finally, Bath Savings Trust Co raised its stake in shares of DICK’S Sporting Goods by 0.4% during the 4th quarter. Bath Savings Trust Co now owns 12,366 shares of the sporting goods retailer’s stock worth $2,448,000 after buying an additional 53 shares in the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

DICK’S Sporting Goods Stock Performance

Shares of DKS stock opened at $205.78 on Wednesday. The stock’s 50-day moving average is $207.93 and its two-hundred day moving average is $216.36. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 1.57. DICK’S Sporting Goods has a 1 year low of $166.37 and a 1 year high of $240.38. The firm has a market cap of $18.51 billion, a price-to-earnings ratio of 16.56, a PEG ratio of 2.74 and a beta of 1.23.

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

DICK’S Sporting Goods Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Friday, December 12th were issued a $1.2125 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.4%. DICK’S Sporting Goods’s payout ratio is presently 39.02%.

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.