DICK’S Sporting Goods, Inc. (NYSE:DKS) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-one research firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $238.3684.

Several analysts have recently commented on the stock. Morgan Stanley increased their price target on shares of DICK’S Sporting Goods from $253.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. Barclays reduced their price objective on DICK’S Sporting Goods from $246.00 to $242.00 and set an “overweight” rating on the stock in a report on Friday, November 28th. TD Cowen reissued a “hold” rating on shares of DICK’S Sporting Goods in a research note on Wednesday, November 26th. Wells Fargo & Company boosted their target price on DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 26th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of DICK’S Sporting Goods in a report on Monday, December 29th.

Institutional Investors Weigh In On DICK’S Sporting Goods

Several institutional investors have recently modified their holdings of DKS. Vanguard Group Inc. boosted its stake in DICK’S Sporting Goods by 17.8% in the third quarter. Vanguard Group Inc. now owns 6,719,011 shares of the sporting goods retailer’s stock valued at $1,493,099,000 after acquiring an additional 1,015,599 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of DICK’S Sporting Goods by 83.9% in the 3rd quarter. Wellington Management Group LLP now owns 6,606,860 shares of the sporting goods retailer’s stock valued at $1,468,176,000 after purchasing an additional 3,013,850 shares during the period. Bank of America Corp DE boosted its position in shares of DICK’S Sporting Goods by 588.1% in the 3rd quarter. Bank of America Corp DE now owns 3,545,944 shares of the sporting goods retailer’s stock worth $787,980,000 after purchasing an additional 3,030,642 shares during the last quarter. State Street Corp grew its stake in shares of DICK’S Sporting Goods by 17.7% during the third quarter. State Street Corp now owns 2,606,541 shares of the sporting goods retailer’s stock worth $579,226,000 after purchasing an additional 391,694 shares during the period. Finally, Viking Global Investors LP bought a new stake in DICK’S Sporting Goods in the fourth quarter valued at about $509,371,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

DICK’S Sporting Goods Price Performance

Shares of DKS stock opened at $205.96 on Wednesday. DICK’S Sporting Goods has a 52 week low of $166.37 and a 52 week high of $237.31. The stock has a market capitalization of $18.53 billion, a PE ratio of 16.57, a PEG ratio of 2.80 and a beta of 1.23. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 1.57. The stock’s fifty day moving average is $207.17 and its 200-day moving average is $216.17.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Tuesday, November 25th. The sporting goods retailer reported $2.78 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $4.45 billion. During the same quarter in the prior year, the company earned $2.75 EPS. The firm’s quarterly revenue was up 36.3% on a year-over-year basis. DICK’S Sporting Goods has set its FY 2025 guidance at 14.250-14.550 EPS. Equities research analysts expect that DICK’S Sporting Goods will post 13.89 EPS for the current fiscal year.

About DICK’S Sporting Goods

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.