DICK’S Sporting Goods (NYSE:DKS) Raised to Strong-Buy at Robert W. Baird

DICK’S Sporting Goods (NYSE:DKS) was upgraded by investment analysts at Robert W. Baird from a “hold” rating to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

A number of other equities research analysts have also recently issued reports on DKS. Truist Financial lifted their price target on shares of 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. TD Cowen reaffirmed a “hold” rating on shares of DICK’S Sporting Goods in a report on Wednesday, November 26th. DA Davidson set a $260.00 target price on shares of DICK’S Sporting Goods in a research report on Monday, January 12th. The Goldman Sachs Group reissued a “buy” rating on shares of DICK’S Sporting Goods in a research note on Monday, January 5th. Finally, Telsey Advisory Group decreased their price target 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. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, DICK’S Sporting Goods has an average rating of “Moderate Buy” and a consensus price target of $238.37.

DICK’S Sporting Goods Trading Down 2.3%

Shares of DICK’S Sporting Goods stock opened at $199.71 on Wednesday. The firm has a 50-day simple moving average of $209.15 and a two-hundred day simple moving average of $216.53. 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 fifty-two week low of $166.37 and a fifty-two week high of $245.63. The company has a market cap of $17.97 billion, a P/E ratio of 16.07, a price-to-earnings-growth ratio of 2.78 and a beta of 1.23.

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, beating analysts’ consensus estimates of $2.62 by $0.16. The firm had revenue of $4.17 billion for 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 company’s quarterly revenue was up 36.3% on a year-over-year basis. During the same period last year, the firm earned $2.75 EPS. DICK’S Sporting Goods has set its FY 2025 guidance at 14.250-14.550 EPS. As a group, equities analysts predict that DICK’S Sporting Goods will post 13.89 earnings per share for the current fiscal year.

Institutional Trading of DICK’S Sporting Goods

A number of hedge funds have recently bought and sold shares of the business. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of DICK’S Sporting Goods during the 4th quarter worth approximately $30,000. Clearstead Advisors LLC lifted its position in 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 worth $32,000 after buying an additional 46 shares in the last quarter. Root Financial Partners LLC acquired a new position in DICK’S Sporting Goods during the third quarter worth $33,000. Laurel Wealth Advisors LLC acquired a new position in DICK’S Sporting Goods during the fourth quarter worth $34,000. Finally, Westside Investment Management Inc. grew its holdings in DICK’S Sporting Goods by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 152 shares of the sporting goods retailer’s stock valued at $35,000 after buying an additional 76 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

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.