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

DICK’S Sporting Goods, Inc. (NYSE:DKS) has received an average recommendation of “Moderate Buy” from the twenty ratings firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, ten have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $236.2105.

A number of research firms recently commented on DKS. 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 research note on Thursday, March 12th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $245.00 price objective on shares of DICK’S Sporting Goods in a research note on Monday, March 9th. UBS Group reaffirmed a “buy” rating on shares of DICK’S Sporting Goods in a research note on Tuesday, March 3rd. DA Davidson set a $260.00 price objective on DICK’S Sporting Goods in a research note on Monday, January 12th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of DICK’S Sporting Goods in a research note on Friday, March 27th.

DICK’S Sporting Goods Stock Performance

Shares of DKS stock opened at $205.03 on Thursday. The business’s 50-day moving average price is $199.67 and its 200-day moving average price is $210.70. The company has a current ratio of 1.53, a quick ratio of 0.47 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $18.26 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 2.72 and a beta of 1.21. DICK’S Sporting Goods has a 12 month low of $166.37 and a 12 month high of $237.31.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Thursday, March 12th. The sporting goods retailer reported $3.45 EPS for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. The company had revenue of $6.23 billion for the quarter, compared to analyst estimates of $6.06 billion. DICK’S Sporting Goods had a return on equity of 27.12% and a net margin of 4.93%.The firm’s quarterly revenue was up 59.9% on a year-over-year basis. During the same period in the previous year, the firm earned $3.62 earnings per share. 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 EPS for the current year.

DICK’S Sporting Goods Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be paid a $1.25 dividend. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $1.21. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, March 27th. DICK’S Sporting Goods’s payout ratio is presently 48.92%.

Insider Activity at DICK’S Sporting Goods

In related news, Chairman Edward W. Stack sold 210,478 shares of DICK’S Sporting Goods stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $197.69, for a total value of $41,609,395.82. Following the transaction, the chairman directly owned 6,549,026 shares of the company’s stock, valued at $1,294,676,949.94. The trade was a 3.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 32.55% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On DICK’S Sporting Goods

A number of hedge funds have recently added to or reduced their stakes in DKS. Baird Financial Group Inc. increased its holdings in DICK’S Sporting Goods by 17.7% in the second quarter. Baird Financial Group Inc. now owns 24,300 shares of the sporting goods retailer’s stock worth $4,807,000 after purchasing an additional 3,648 shares in the last quarter. Brown Advisory Inc. increased its holdings in DICK’S Sporting Goods by 9.6% in the second quarter. Brown Advisory Inc. now owns 1,143 shares of the sporting goods retailer’s stock worth $226,000 after purchasing an additional 100 shares in the last quarter. Cerity Partners LLC increased its holdings in DICK’S Sporting Goods by 54.1% in the second quarter. Cerity Partners LLC now owns 1,600 shares of the sporting goods retailer’s stock worth $316,000 after purchasing an additional 562 shares in the last quarter. Bank of Nova Scotia bought a new stake in DICK’S Sporting Goods in the second quarter worth approximately $417,000. Finally, Ossiam increased its holdings in DICK’S Sporting Goods by 21.0% in the second quarter. Ossiam now owns 6,023 shares of the sporting goods retailer’s stock worth $1,191,000 after purchasing an additional 1,046 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors.

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.