BTIG Research Initiates Coverage on DICK’S Sporting Goods (NYSE:DKS)

Analysts at BTIG Research started coverage on shares of DICK’S Sporting Goods (NYSE:DKS) in a note issued to investors on Thursday, MarketBeat reports. The firm set a “buy” rating and a $300.00 price target on the sporting goods retailer’s stock. BTIG Research’s price target would indicate a potential upside of 33.80% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Robert W. Baird set a $253.00 target price on DICK’S Sporting Goods in a research report on Wednesday, February 11th. Wall Street Zen upgraded DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a research report on Sunday, January 25th. Telsey Advisory Group reissued an “outperform” rating and issued a $245.00 price target on shares of DICK’S Sporting Goods in a research note on Monday, March 9th. Truist Financial cut their price objective on DICK’S Sporting Goods from $275.00 to $252.00 and set a “buy” rating on the stock in a report on Thursday, March 12th. Finally, Morgan Stanley reduced their price objective on shares of DICK’S Sporting Goods from $260.00 to $250.00 and set an “overweight” rating for the company in a research note on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, DICK’S Sporting Goods has a consensus rating of “Moderate Buy” and an average price target of $241.89.

DICK’S Sporting Goods Stock Up 2.9%

DKS stock opened at $224.22 on Thursday. The firm has a market cap of $19.96 billion, a PE ratio of 21.94, a P/E/G ratio of 3.08 and a beta of 1.21. DICK’S Sporting Goods has a 12 month low of $167.03 and a 12 month high of $237.31. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.53 and a quick ratio of 0.47. The firm has a 50 day simple moving average of $201.14 and a 200 day simple moving average of $210.34.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Thursday, March 12th. The sporting goods retailer reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.43 by $0.02. DICK’S Sporting Goods had a net margin of 4.93% and a return on equity of 27.12%. The firm had revenue of $6.23 billion for the quarter, compared to analyst estimates of $6.06 billion. During the same quarter in the previous year, the business posted $3.62 earnings per share. The firm’s quarterly revenue was up 59.9% compared to the same quarter last year. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. Equities research analysts forecast that DICK’S Sporting Goods will post 13.89 earnings per share for the current fiscal year.

Insider Activity at DICK’S Sporting Goods

In other news, Chairman Edward W. Stack sold 210,478 shares of DICK’S Sporting Goods stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $197.69, for a total transaction of $41,609,395.82. Following the transaction, the chairman owned 6,549,026 shares in the company, valued at approximately $1,294,676,949.94. The trade was a 3.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 32.55% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On DICK’S Sporting Goods

A number of institutional investors have recently bought and sold shares of the business. Bank of America Corp DE increased its holdings in shares of DICK’S Sporting Goods by 588.1% in the 3rd quarter. Bank of America Corp DE now owns 3,545,944 shares of the sporting goods retailer’s stock valued at $787,980,000 after purchasing an additional 3,030,642 shares during the period. Wellington Management Group LLP boosted its holdings in shares of DICK’S Sporting Goods by 83.9% during the third quarter. Wellington Management Group LLP now owns 6,606,860 shares of the sporting goods retailer’s stock worth $1,468,176,000 after purchasing an additional 3,013,850 shares during the period. Viking Global Investors LP acquired a new stake in shares of DICK’S Sporting Goods during the fourth quarter worth approximately $509,371,000. Vanguard Group Inc. grew its position in DICK’S Sporting Goods by 17.8% during the third quarter. Vanguard Group Inc. now owns 6,719,011 shares of the sporting goods retailer’s stock valued at $1,493,099,000 after purchasing an additional 1,015,599 shares in the last quarter. Finally, Norges Bank purchased a new position in DICK’S Sporting Goods during the fourth quarter valued at approximately $192,639,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

About DICK’S Sporting Goods

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.