DICK’S Sporting Goods (NYSE:DKS) Rating Lowered to “Sell” at Wall Street Zen

DICK’S Sporting Goods (NYSE:DKS) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

DKS has been the subject of a number of other reports. Morgan Stanley lifted their target price on DICK’S Sporting Goods from $253.00 to $260.00 and gave the stock an “overweight” rating in a report on Thursday. Telsey Advisory Group reduced their price objective on shares of DICK’S Sporting Goods from $255.00 to $245.00 and set an “outperform” rating for the company in a research report on Wednesday, November 26th. DA Davidson set a $260.00 price objective on shares of DICK’S Sporting Goods in a research note on Monday, January 12th. Cowen reiterated a “hold” rating on shares of DICK’S Sporting Goods in a research report on Wednesday, November 26th. Finally, Robert W. Baird set a $226.00 price target on shares of DICK’S Sporting Goods in a report on Wednesday, November 26th. Eleven research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $236.14.

DICK’S Sporting Goods Price Performance

Shares of NYSE DKS opened at $215.47 on Friday. The company has a market capitalization of $19.39 billion, a PE ratio of 17.33, a P/E/G ratio of 3.38 and a beta of 1.19. The company has a quick ratio of 0.37, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. DICK’S Sporting Goods has a twelve month low of $166.37 and a twelve month high of $254.60. The firm has a fifty day simple moving average of $211.84 and a 200 day simple moving average of $217.23.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Tuesday, November 25th. The sporting goods retailer reported $2.78 EPS for the quarter, beating analysts’ consensus estimates of $2.62 by $0.16. DICK’S Sporting Goods had a net margin of 6.86% and a return on equity of 30.55%. The business had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.45 billion. During the same quarter in the prior year, the firm posted $2.75 earnings per share. The business’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. On average, sell-side analysts forecast that DICK’S Sporting Goods will post 13.89 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings in DICK’S Sporting Goods by 588.1% during the third quarter. Bank of America Corp DE now owns 3,545,944 shares of the sporting goods retailer’s stock worth $787,980,000 after acquiring an additional 3,030,642 shares during the period. Wellington Management Group LLP raised its stake in shares of DICK’S Sporting Goods by 83.9% during the 3rd quarter. Wellington Management Group LLP now owns 6,606,860 shares of the sporting goods retailer’s stock worth $1,468,176,000 after purchasing an additional 3,013,850 shares during the period. Vanguard Group Inc. boosted its holdings in shares of DICK’S Sporting Goods by 17.8% in the 3rd quarter. Vanguard Group Inc. now owns 6,719,011 shares of the sporting goods retailer’s stock worth $1,493,099,000 after buying an additional 1,015,599 shares during the last quarter. Atreides Management LP bought a new position in DICK’S Sporting Goods during the second quarter valued at about $172,715,000. Finally, Hamlin Capital Management LLC bought a new position in DICK’S Sporting Goods during the third quarter valued at about $157,537,000. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

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.