DICK’S Sporting Goods, Inc. (NYSE:DKS) Receives $235.10 Average Target Price from Brokerages

Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) have earned a consensus recommendation of “Hold” from the twenty-four analysts that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $235.0952.

DKS has been the subject of several recent analyst reports. Truist Financial raised their price objective on shares of DICK’S Sporting Goods from $248.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Cowen restated a “hold” rating on shares of DICK’S Sporting Goods in a research report on Wednesday, November 26th. Robert W. Baird set a $226.00 price objective on DICK’S Sporting Goods in a research report on Wednesday, November 26th. Weiss Ratings lowered DICK’S Sporting Goods from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Finally, TD Cowen lowered their target price on DICK’S Sporting Goods from $234.00 to $226.00 and set a “hold” rating for the company in a research note on Wednesday, November 26th.

DICK’S Sporting Goods Stock Performance

DICK’S Sporting Goods stock opened at $232.31 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 0.37. The stock has a fifty day moving average price of $220.65 and a two-hundred day moving average price of $211.08. DICK’S Sporting Goods has a 52-week low of $166.37 and a 52-week high of $254.60. The firm has a market capitalization of $18.61 billion, a P/E ratio of 18.69, a P/E/G ratio of 3.55 and a beta of 1.17.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, November 25th. The sporting goods retailer reported $2.78 EPS for the quarter, beating the consensus estimate of $2.62 by $0.16. The company had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.45 billion. DICK’S Sporting Goods had a net margin of 6.86% and a return on equity of 30.55%. The firm’s revenue for the quarter was up 36.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.75 EPS. DICK’S Sporting Goods has set its FY 2025 guidance at 14.250-14.550 EPS. As a group, analysts anticipate that DICK’S Sporting Goods will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Friday, December 12th will be given a $1.2125 dividend. This represents a $4.85 annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, December 12th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 39.02%.

Insider Buying and Selling at DICK’S Sporting Goods

In other news, CEO Lauren R. Hobart sold 20,083 shares of the company’s stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $220.69, for a total transaction of $4,432,117.27. Following the transaction, the chief executive officer directly owned 299,990 shares in the company, valued at approximately $66,204,793.10. This represents a 6.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 32.55% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Norges Bank acquired a new position in shares of DICK’S Sporting Goods in the 2nd quarter valued at $136,483,000. Cerro Pacific Wealth Advisors LLC bought a new stake in DICK’S Sporting Goods in the second quarter valued at about $286,000. Parallel Advisors LLC lifted its stake in DICK’S Sporting Goods by 14.0% in the second quarter. Parallel Advisors LLC now owns 667 shares of the sporting goods retailer’s stock valued at $132,000 after buying an additional 82 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its holdings in DICK’S Sporting Goods by 18.7% during the second quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 16,574 shares of the sporting goods retailer’s stock worth $3,279,000 after buying an additional 2,606 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in DICK’S Sporting Goods by 7.2% during the second quarter. Nomura Asset Management Co. Ltd. now owns 28,433 shares of the sporting goods retailer’s stock worth $5,624,000 after buying an additional 1,912 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, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.