Wedbush Raises DICK’S Sporting Goods (NYSE:DKS) Price Target to $210.00

DICK’S Sporting Goods (NYSE:DKS) had its price objective lifted by Wedbush from $160.00 to $210.00 in a research report sent to investors on Friday morning, Benzinga reports. Wedbush currently has a neutral rating on the sporting goods retailer’s stock. Wedbush also issued estimates for DICK’S Sporting Goods’ Q1 2025 earnings at $3.02 EPS, Q2 2025 earnings at $3.31 EPS, Q3 2025 earnings at $3.12 EPS, Q4 2025 earnings at $3.41 EPS and FY2027 earnings at $15.16 EPS.

DKS has been the topic of a number of other research reports. Truist Financial raised their price target on DICK’S Sporting Goods from $201.00 to $243.00 and gave the stock a buy rating in a research note on Friday. Barclays raised their price target on DICK’S Sporting Goods from $194.00 to $239.00 and gave the stock an overweight rating in a research note on Monday. Wells Fargo & Company raised their price target on DICK’S Sporting Goods from $125.00 to $175.00 and gave the stock an equal weight rating in a research note on Wednesday, March 6th. Citigroup lifted their target price on DICK’S Sporting Goods from $112.00 to $120.00 and gave the company a neutral rating in a research note on Wednesday, November 22nd. Finally, Loop Capital lifted their target price on DICK’S Sporting Goods from $150.00 to $220.00 and gave the company a hold rating in a research note on Monday. Eleven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $196.95.

DICK’S Sporting Goods Stock Up 0.7 %

Shares of NYSE DKS traded up $1.56 during midday trading on Friday, hitting $213.04. 1,382,984 shares of the company’s stock were exchanged, compared to its average volume of 1,228,734. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.78 and a quick ratio of 0.56. DICK’S Sporting Goods has a twelve month low of $100.98 and a twelve month high of $222.92. The company has a market cap of $17.41 billion, a PE ratio of 17.43, a P/E/G ratio of 3.20 and a beta of 1.55. The firm’s fifty day simple moving average is $163.78 and its 200-day simple moving average is $135.67.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Thursday, March 14th. The sporting goods retailer reported $3.85 earnings per share for the quarter, topping the consensus estimate of $3.35 by $0.50. DICK’S Sporting Goods had a return on equity of 42.99% and a net margin of 8.06%. The business had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same quarter last year, the company earned $2.93 EPS. The business’s quarterly revenue was up 7.8% on a year-over-year basis. Research analysts predict that DICK’S Sporting Goods will post 13.07 EPS for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Friday, March 29th will be given a $1.10 dividend. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. The ex-dividend date is Wednesday, March 27th. This represents a $4.40 annualized dividend and a dividend yield of 2.07%. DICK’S Sporting Goods’s dividend payout ratio is presently 32.84%.

Institutional Trading of DICK’S Sporting Goods

Institutional investors and hedge funds have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its stake in DICK’S Sporting Goods by 1.7% during the second quarter. Charles Schwab Investment Management Inc. now owns 567,419 shares of the sporting goods retailer’s stock valued at $75,007,000 after buying an additional 9,728 shares in the last quarter. BlackRock Inc. raised its position in shares of DICK’S Sporting Goods by 8.3% during the 2nd quarter. BlackRock Inc. now owns 6,478,747 shares of the sporting goods retailer’s stock worth $856,426,000 after purchasing an additional 494,939 shares during the period. Amalgamated Bank raised its position in shares of DICK’S Sporting Goods by 20.2% during the 3rd quarter. Amalgamated Bank now owns 47,899 shares of the sporting goods retailer’s stock worth $5,201,000 after purchasing an additional 8,061 shares during the period. Fulton Bank N.A. raised its position in shares of DICK’S Sporting Goods by 12.4% during the 3rd quarter. Fulton Bank N.A. now owns 16,916 shares of the sporting goods retailer’s stock worth $1,837,000 after purchasing an additional 1,869 shares during the period. Finally, HS Management Partners LLC raised its position in shares of DICK’S Sporting Goods by 24.8% during the 3rd quarter. HS Management Partners LLC now owns 1,115,268 shares of the sporting goods retailer’s stock worth $121,096,000 after purchasing an additional 221,300 shares during the period. Institutional investors and hedge funds own 68.21% of the company’s stock.

About DICK’S Sporting Goods

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.