Analysts Set DICK’S Sporting Goods, Inc. (NYSE:DKS) PT at $258.44

Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) have been given an average rating of “Moderate Buy” by the seventeen brokerages that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, twelve have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $258.4375.

Several analysts recently commented on the stock. JPMorgan Chase & Co. upgraded shares of DICK’S Sporting Goods from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $240.00 to $270.00 in a report on Thursday, May 28th. Truist Financial increased their target price on shares of DICK’S Sporting Goods from $252.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. BTIG Research reissued a “buy” rating and set a $300.00 target price on shares of DICK’S Sporting Goods in a research note on Thursday, May 28th. Wells Fargo & Company upgraded shares of DICK’S Sporting Goods from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $220.00 to $240.00 in a report on Monday, August 10th. Finally, Barclays boosted their price target on shares of DICK’S Sporting Goods from $264.00 to $280.00 and gave the company an “overweight” rating in a report on Thursday, May 28th.

DICK’S Sporting Goods Stock Down 2.4%

Shares of DICK’S Sporting Goods stock opened at $191.55 on Wednesday. DICK’S Sporting Goods has a 1 year low of $186.67 and a 1 year high of $244.38. The company has a market cap of $17.14 billion, a P/E ratio of 18.21, a P/E/G ratio of 1.76 and a beta of 1.21. The company has a current ratio of 1.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.34. The stock has a 50-day moving average price of $216.04 and a 200 day moving average price of $211.81.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share for the quarter, missing the consensus estimate of $2.91 by ($0.01). The business had revenue of $5.16 billion for the quarter, compared to analysts’ expectations of $5.07 billion. DICK’S Sporting Goods had a net margin of 4.71% and a return on equity of 22.22%. The company’s revenue was up 62.7% compared to the same quarter last year. During the same period last year, the firm earned $3.37 EPS. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. As a group, analysts expect that DICK’S Sporting Goods will post 14.24 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $5.00 dividend on an annualized basis and a yield of 2.6%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 47.53%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of DICK’S Sporting Goods during the 4th quarter valued at about $30,000. Harbor Investment Advisory LLC acquired a new position in DICK’S Sporting Goods in the first quarter worth approximately $30,000. Laurel Wealth Advisors LLC acquired a new position in DICK’S Sporting Goods in the fourth quarter worth approximately $34,000. Elyxium Wealth LLC bought a new position in DICK’S Sporting Goods during the fourth quarter valued at approximately $35,000. Finally, SHP Wealth Management bought a new position in DICK’S Sporting Goods during the fourth quarter valued at approximately $38,000. 89.83% of the stock is 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.