Brokerages Set DICK’S Sporting Goods, Inc. (NYSE:DKS) Target Price at $235.10

DICK’S Sporting Goods, Inc. (NYSE:DKS) has received a consensus recommendation of “Hold” from the twenty-four research firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $235.0952.

A number of research firms recently commented on DKS. JPMorgan Chase & Co. increased their target price on shares of DICK’S Sporting Goods from $195.00 to $235.00 and gave the company a “neutral” rating in a research report on Friday, August 29th. Weiss Ratings lowered DICK’S Sporting Goods from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. Truist Financial lifted their target price on DICK’S Sporting Goods from $248.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. BNP Paribas Exane assumed coverage on DICK’S Sporting Goods in a research report on Friday, September 26th. They issued an “underperform” rating and a $177.00 target price for the company. Finally, Barclays dropped their price target on DICK’S Sporting Goods from $246.00 to $242.00 and set an “overweight” rating on the stock in a research note on Friday, November 28th.

Insider Buying and Selling

In related news, CEO Lauren R. Hobart sold 20,083 shares of the stock in a transaction on Monday, September 29th. The shares were sold at an average price of $220.69, for a total transaction of $4,432,117.27. Following the completion of the sale, the chief executive officer owned 299,990 shares in the company, valued at $66,204,793.10. This represents a 6.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 32.55% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On DICK’S Sporting Goods

Institutional investors and hedge funds have recently made changes to their positions in the business. Guggenheim Capital LLC grew its holdings in shares of DICK’S Sporting Goods by 0.4% during the second quarter. Guggenheim Capital LLC now owns 11,829 shares of the sporting goods retailer’s stock worth $2,340,000 after buying an additional 46 shares during the last quarter. Clearstead Advisors LLC lifted its position in 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 acquiring an additional 46 shares during the period. Oder Investment Management LLC grew its stake in shares of DICK’S Sporting Goods by 1.0% in the 1st quarter. Oder Investment Management LLC now owns 5,258 shares of the sporting goods retailer’s stock valued at $1,060,000 after purchasing an additional 51 shares during the last quarter. Lido Advisors LLC increased its holdings in shares of DICK’S Sporting Goods by 3.9% in the third quarter. Lido Advisors LLC now owns 1,358 shares of the sporting goods retailer’s stock valued at $302,000 after purchasing an additional 51 shares during the period. Finally, US Bancorp DE raised its stake in shares of DICK’S Sporting Goods by 1.1% during the first quarter. US Bancorp DE now owns 4,740 shares of the sporting goods retailer’s stock worth $955,000 after purchasing an additional 53 shares during the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Trading Down 0.8%

DKS opened at $218.07 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 1.57. DICK’S Sporting Goods has a one year low of $166.37 and a one year high of $254.60. The company has a market cap of $17.47 billion, a P/E ratio of 17.54, a PEG ratio of 3.36 and a beta of 1.17. The business’s 50-day simple moving average is $220.56 and its 200-day simple moving average is $211.77.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Tuesday, November 25th. The sporting goods retailer reported $2.78 earnings per share (EPS) for the quarter, beating 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 return on equity of 30.55% and a net margin of 6.86%.The firm’s quarterly revenue was up 36.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.75 earnings per share. DICK’S Sporting Goods has set its FY 2025 guidance at 14.250-14.550 EPS. As a group, equities research analysts expect that DICK’S Sporting Goods will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Friday, December 12th will be issued a $1.2125 dividend. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, December 12th. DICK’S Sporting Goods’s payout ratio is presently 39.02%.

About DICK’S Sporting Goods

DICK’s Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.