DICK’S Sporting Goods (NYSE:DKS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of DICK’S Sporting Goods (NYSE:DKS) from a sell rating to a hold rating in a research note issued to investors on Sunday.

DKS has been the subject of a number of other reports. Truist Financial boosted their price target on shares of DICK’S Sporting Goods from $248.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, October 17th. DA Davidson set a $260.00 target price on DICK’S Sporting Goods in a research report on Monday, January 12th. Telsey Advisory Group dropped their price target on DICK’S Sporting Goods from $255.00 to $245.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 26th. TD Cowen reiterated a “hold” rating on shares of DICK’S Sporting Goods in a research note on Wednesday, November 26th. Finally, Robert W. Baird set a $226.00 price objective on DICK’S Sporting Goods in a report on Wednesday, November 26th. Eleven investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $239.10.

DICK’S Sporting Goods Price Performance

Shares of NYSE DKS opened at $205.86 on Friday. DICK’S Sporting Goods has a 1-year low of $166.37 and a 1-year high of $251.75. The stock’s 50-day moving average is $210.66 and its two-hundred day moving average is $217.20. The company has a market cap of $18.52 billion, a price-to-earnings ratio of 16.56, a price-to-earnings-growth ratio of 3.19 and a beta of 1.19. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 0.37.

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, topping analysts’ consensus estimates of $2.62 by $0.16. The firm had revenue of $4.17 billion during 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 company’s revenue was up 36.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.75 earnings per share. DICK’S Sporting Goods has set its FY 2025 guidance at 14.250-14.550 EPS. Analysts forecast that DICK’S Sporting Goods will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 12th were issued a $1.2125 dividend. The ex-dividend date was Friday, December 12th. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.4%. DICK’S Sporting Goods’s dividend payout ratio is currently 39.02%.

Institutional Trading of DICK’S Sporting Goods

Several large investors have recently bought and sold shares of DKS. Clearstead Advisors LLC raised its stake in shares of DICK’S Sporting Goods by 46.9% during the 3rd quarter. Clearstead Advisors LLC now owns 144 shares of the sporting goods retailer’s stock worth $32,000 after buying an additional 46 shares during the last quarter. Root Financial Partners LLC acquired a new position in DICK’S Sporting Goods during the third quarter worth about $33,000. Westside Investment Management Inc. raised its position in DICK’S Sporting Goods by 100.0% during the third quarter. Westside Investment Management Inc. now owns 152 shares of the sporting goods retailer’s stock worth $35,000 after acquiring an additional 76 shares during the last quarter. Mather Group LLC. acquired a new stake in shares of DICK’S Sporting Goods in the third quarter valued at approximately $39,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of DICK’S Sporting Goods in the fourth quarter valued at approximately $40,000. Institutional investors and hedge funds 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.