DICK’S Sporting Goods (NYSE:DKS) Rating Increased 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 report issued on Wednesday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the stock. Truist Financial raised their price objective on shares of DICK’S Sporting Goods from $248.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, October 17th. DA Davidson set a $260.00 price target on shares of DICK’S Sporting Goods in a research note on Monday, January 12th. Morgan Stanley raised their price target on shares of DICK’S Sporting Goods from $253.00 to $260.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. Telsey Advisory Group reduced their price objective on DICK’S Sporting Goods from $255.00 to $245.00 and set an “outperform” rating on the stock in a report on Wednesday, November 26th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of DICK’S Sporting Goods in a research report on Monday, December 29th. 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 given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $238.37.

DICK’S Sporting Goods Trading Up 2.1%

Shares of DKS opened at $204.10 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 1.57. The company has a market cap of $18.36 billion, a price-to-earnings ratio of 16.42, a PEG ratio of 2.72 and a beta of 1.23. The stock has a fifty day moving average price of $209.67 and a two-hundred day moving average price of $216.64. DICK’S Sporting Goods has a 52-week low of $166.37 and a 52-week high of $245.63.

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 for the quarter, beating analysts’ consensus estimates of $2.62 by $0.16. DICK’S Sporting Goods had a return on equity of 30.55% and a net margin of 6.86%.The company had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.45 billion. During the same period last year, the company posted $2.75 earnings per share. The firm’s quarterly revenue was up 36.3% compared to the same quarter last year. 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 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in DKS. Guggenheim Capital LLC raised its stake in 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 purchasing an additional 46 shares in the last quarter. Clearstead Advisors LLC increased its holdings in shares of 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 worth $32,000 after buying an additional 46 shares during the last quarter. Lido Advisors LLC increased its holdings in shares of DICK’S Sporting Goods by 3.9% in the 3rd quarter. Lido Advisors LLC now owns 1,358 shares of the sporting goods retailer’s stock worth $302,000 after buying an additional 51 shares during the last quarter. Bath Savings Trust Co raised its position 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 valued at $2,448,000 after buying an additional 53 shares in the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its holdings in shares of DICK’S Sporting Goods by 0.3% during the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 16,458 shares of the sporting goods retailer’s stock worth $3,258,000 after acquiring an additional 54 shares during the last quarter. Institutional investors and hedge funds 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.