DICK’S Sporting Goods, Inc. (NYSE:DKS) Receives $254.71 Average Price Target from Analysts

Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) have earned an average rating of “Moderate Buy” from the nineteen research firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $254.7059.

A number of equities research analysts have weighed in on the stock. DA Davidson reissued a “buy” rating and set a $260.00 target price on shares of DICK’S Sporting Goods in a report on Wednesday, July 1st. Morgan Stanley upped their price target on DICK’S Sporting Goods from $250.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. Telsey Advisory Group increased their price target on DICK’S Sporting Goods from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Wednesday, May 20th. Truist Financial raised their price objective on 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. Finally, BTIG Research reiterated a “buy” rating and issued a $300.00 target price on shares of DICK’S Sporting Goods in a report on Thursday, May 28th.

DICK’S Sporting Goods Price Performance

Shares of NYSE:DKS opened at $214.06 on Friday. The company has a market cap of $19.16 billion, a price-to-earnings ratio of 20.35, a PEG ratio of 1.90 and a beta of 1.19. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.50 and a quick ratio of 0.38. The firm has a 50 day simple moving average of $223.21 and a 200 day simple moving average of $212.69. DICK’S Sporting Goods has a one year low of $186.67 and a one year high of $244.38.

DICK’S Sporting Goods (NYSE:DKS) last posted its earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.01). The company had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.07 billion. DICK’S Sporting Goods had a return on equity of 22.22% and a net margin of 4.71%.The business’s quarterly revenue was up 62.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.37 EPS. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. Research analysts predict that DICK’S Sporting Goods will post 14.24 earnings per share 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. Stockholders of record on Friday, June 12th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, June 12th. DICK’S Sporting Goods’s dividend payout ratio is currently 47.53%.

Hedge Funds Weigh In On DICK’S Sporting Goods

A number of hedge funds have recently bought and sold shares of DKS. Viking Global Investors LP bought a new position in shares of DICK’S Sporting Goods in the 4th quarter worth about $509,371,000. Norges Bank bought a new stake in shares of DICK’S Sporting Goods during the 4th quarter valued at about $192,639,000. Atreides Management LP acquired a new stake in DICK’S Sporting Goods during the second quarter worth approximately $172,715,000. Raymond James Financial Inc. increased its holdings in DICK’S Sporting Goods by 274.3% in the third quarter. Raymond James Financial Inc. now owns 642,592 shares of the sporting goods retailer’s stock worth $142,797,000 after purchasing an additional 470,925 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in DICK’S Sporting Goods by 8,305.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 452,271 shares of the sporting goods retailer’s stock worth $83,895,000 after purchasing an additional 446,890 shares in the last quarter. Institutional investors 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.