DICK’S Sporting Goods (NYSE:DKS) Price Target Raised to $240.00

DICK’S Sporting Goods (NYSE:DKS) had its target price increased by research analysts at JPMorgan Chase & Co. from $228.00 to $240.00 in a report released on Friday,Benzinga reports. The firm currently has a “neutral” rating on the sporting goods retailer’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 4.22% from the stock’s current price.

Several other brokerages have also issued reports on DKS. Robert W. Baird set a $253.00 target price on shares of DICK’S Sporting Goods in a research report on Wednesday, February 11th. Telsey Advisory Group boosted their price objective on shares of DICK’S Sporting Goods from $240.00 to $255.00 and gave the company an “outperform” rating in a research report on Wednesday. Weiss Ratings upgraded DICK’S Sporting Goods from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, May 7th. Morgan Stanley lowered their target price on DICK’S Sporting Goods from $260.00 to $250.00 and set an “overweight” rating on the stock in a research report on Friday, March 13th. Finally, Wells Fargo & Company decreased their price objective on DICK’S Sporting Goods from $225.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, DICK’S Sporting Goods currently has an average rating of “Moderate Buy” and an average target price of $246.72.

DICK’S Sporting Goods Stock Performance

Shares of NYSE DKS traded up $8.56 during midday trading on Friday, hitting $230.29. 780,962 shares of the stock traded hands, compared to its average volume of 1,139,131. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.47 and a current ratio of 1.53. DICK’S Sporting Goods has a one year low of $167.03 and a one year high of $237.31. The firm has a market capitalization of $20.51 billion, a P/E ratio of 22.43, a PEG ratio of 3.11 and a beta of 1.21. The firm has a 50-day moving average of $209.34 and a two-hundred day moving average of $209.34.

DICK’S Sporting Goods (NYSE:DKS) last posted its earnings results on Thursday, March 12th. The sporting goods retailer reported $3.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. The company had revenue of $6.23 billion for the quarter, compared to the consensus estimate of $6.06 billion. DICK’S Sporting Goods had a return on equity of 27.12% and a net margin of 4.93%.DICK’S Sporting Goods’s revenue was up 59.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.62 earnings per share. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. On average, equities analysts forecast that DICK’S Sporting Goods will post 14.29 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Chairman Edward W. Stack sold 210,478 shares of the stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $197.69, for a total value of $41,609,395.82. Following the sale, the chairman directly owned 6,549,026 shares in the company, valued at approximately $1,294,676,949.94. This represents a 3.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Julie Lodge-Jarrett sold 4,140 shares of the stock in a transaction on Friday, April 17th. The shares were sold at an average price of $223.56, for a total value of $925,538.40. Following the sale, the executive vice president directly owned 24,757 shares in the company, valued at $5,534,674.92. This trade represents a 14.33% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 28.91% of the company’s stock.

Hedge Funds Weigh In On DICK’S Sporting Goods

Large investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position in shares of DICK’S Sporting Goods by 44.1% during the third quarter. Principal Financial Group Inc. now owns 321,854 shares of the sporting goods retailer’s stock worth $71,525,000 after purchasing an additional 98,557 shares in the last quarter. Angelo Gordon & CO. L.P. purchased a new position in DICK’S Sporting Goods during the 3rd quarter worth $8,640,000. Bank of New York Mellon Corp increased its position in DICK’S Sporting Goods by 13.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 699,747 shares of the sporting goods retailer’s stock valued at $155,498,000 after buying an additional 81,239 shares in the last quarter. National Pension Service raised its stake in DICK’S Sporting Goods by 28.3% in the third quarter. National Pension Service now owns 26,779 shares of the sporting goods retailer’s stock valued at $5,951,000 after buying an additional 5,914 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in DICK’S Sporting Goods by 139.4% in the third quarter. American Century Companies Inc. now owns 412,661 shares of the sporting goods retailer’s stock worth $91,702,000 after acquiring an additional 240,272 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors.

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.