DICK’S Sporting Goods (NYSE:DKS) Research Coverage Started at Cantor Fitzgerald

Cantor Fitzgerald assumed coverage on shares of DICK’S Sporting Goods (NYSE:DKS) in a report published on Tuesday, Marketbeat Ratings reports. The firm issued a neutral rating and a $146.00 price target on the sporting goods retailer’s stock.

Several other equities research analysts also recently weighed in on DKS. DA Davidson cut their target price on shares of DICK’S Sporting Goods from $260.00 to $205.00 and set a “buy” rating on the stock in a research note on Wednesday, August 26th. BTIG Research decreased their price target on shares of DICK’S Sporting Goods from $300.00 to $180.00 and set a “buy” rating for the company in a research report on Wednesday, August 26th. Zacks Research downgraded shares of DICK’S Sporting Goods from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 1st. Bank of America dropped their price target on shares of DICK’S Sporting Goods from $245.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, August 26th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of DICK’S Sporting Goods in a research report on Wednesday, September 30th. Twelve equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $166.55.

DICK’S Sporting Goods Trading Down 2.6%

DKS opened at $145.72 on Tuesday. DICK’S Sporting Goods has a 52 week low of $120.15 and a 52 week high of $244.38. The company has a quick ratio of 0.36, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. The business has a fifty day simple moving average of $137.42 and a 200-day simple moving average of $189.63. The firm has a market cap of $12.96 billion, a P/E ratio of 15.65, a P/E/G ratio of 2.84 and a beta of 1.09.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Tuesday, August 25th. The sporting goods retailer reported $3.53 EPS for the quarter, missing analysts’ consensus estimates of $3.74 by ($0.21). The firm had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.64 billion. DICK’S Sporting Goods had a net margin of 3.97% and a return on equity of 19.21%. The business’s revenue was up 53.2% compared to the same quarter last year. During the same quarter last year, the business earned $4.38 earnings per share. DICK’S Sporting Goods has set its FY 2026 guidance at 11.000-12.000 EPS. On average, equities analysts expect that DICK’S Sporting Goods will post 11.67 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were issued a $1.25 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a $5.00 annualized dividend and a yield of 3.4%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 53.71%.

Insider Transactions at DICK’S Sporting Goods

In other news, Director William J. Colombo purchased 913 shares of the stock in a transaction on Tuesday, September 1st. The stock was bought at an average price of $133.19 per share, for a total transaction of $121,602.47. Following the acquisition, the director directly owned 181,000 shares of the company’s stock, valued at approximately $24,107,390. The trade was a 0.51% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Navdeep Gupta acquired 7,707 shares of the company’s stock in a transaction on Tuesday, September 22nd. The stock was purchased at an average cost of $129.75 per share, for a total transaction of $999,983.25. Following the completion of the transaction, the executive vice president owned 86,580 shares in the company, valued at approximately $11,233,755. The trade was a 9.77% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired 42,795 shares of company stock valued at $5,588,641 over the last quarter. Insiders own 28.91% of the company’s stock.

Hedge Funds Weigh In On DICK’S Sporting Goods

A number of institutional investors and hedge funds have recently modified their holdings of DKS. Assetmark Inc. raised its stake in DICK’S Sporting Goods by 2.2% in the first quarter. Assetmark Inc. now owns 2,887 shares of the sporting goods retailer’s stock valued at $572,000 after buying an additional 63 shares in the last quarter. Versant Capital Management Inc lifted its holdings in DICK’S Sporting Goods by 34.3% during the 3rd quarter. Versant Capital Management Inc now owns 333 shares of the sporting goods retailer’s stock worth $45,000 after buying an additional 85 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in DICK’S Sporting Goods by 0.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,636 shares of the sporting goods retailer’s stock worth $3,299,000 after buying an additional 94 shares during the last quarter. Guardian Partners Inc. boosted its position in shares of DICK’S Sporting Goods by 6.8% during the 1st quarter. Guardian Partners Inc. now owns 1,716 shares of the sporting goods retailer’s stock worth $340,000 after acquiring an additional 109 shares in the last quarter. Finally, Sage Private Wealth Group LLC boosted its position in shares of DICK’S Sporting Goods by 6.0% during the 3rd quarter. Sage Private Wealth Group LLC now owns 1,980 shares of the sporting goods retailer’s stock worth $266,000 after acquiring an additional 112 shares in 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. is a U.S. sporting goods retailer that sells equipment, apparel, footwear and accessories for a range of sports and outdoor activities. Customers can shop through its stores and e-commerce platforms, and the company also offers services such as golf club fitting and equipment repair at select locations. The company operates under several retail banners, including DICK’S Sporting Goods, Golf Galaxy, Public Lands and Going Going Gone!, as well as experiential DICK’S House of Sport locations.