DICK’S Sporting Goods (NYSE:DKS) Price Target Raised to $220.00 at Wells Fargo & Company

DICK’S Sporting Goods (NYSE:DKS) had its price target lifted by investment analysts at Wells Fargo & Company from $200.00 to $220.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the sporting goods retailer’s stock. Wells Fargo & Company‘s price objective would suggest a potential downside of 1.17% from the company’s previous close.

Several other equities research analysts have also issued reports on the company. Truist Financial set a $270.00 price objective on DICK’S Sporting Goods in a research note on Wednesday. UBS Group reaffirmed a “buy” rating on shares of DICK’S Sporting Goods in a research note on Tuesday, March 3rd. BTIG Research reaffirmed a “buy” rating and set a $300.00 price target on shares of DICK’S Sporting Goods in a research report on Thursday. Telsey Advisory Group raised their target price on shares of DICK’S Sporting Goods from $240.00 to $255.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 20th. Finally, Jefferies Financial Group lifted their price target on DICK’S Sporting Goods from $210.00 to $224.00 and gave the company a “hold” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $253.89.

DICK’S Sporting Goods Price Performance

DKS traded up $3.39 during trading on Thursday, reaching $222.60. 335,221 shares of the company were exchanged, compared to its average volume of 1,171,879. The company has a quick ratio of 0.47, a current ratio of 1.53 and a debt-to-equity ratio of 0.34. The company has a market cap of $19.82 billion, a price-to-earnings ratio of 21.76, a P/E/G ratio of 3.31 and a beta of 1.21. DICK’S Sporting Goods has a 12-month low of $170.73 and a 12-month high of $237.75. The company’s 50-day moving average is $212.20 and its two-hundred day moving average is $209.66.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.01). The firm had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.07 billion. DICK’S Sporting Goods had a return on equity of 27.12% and a net margin of 4.93%.The company’s quarterly revenue was up 62.7% compared to the same quarter last year. During the same period in the previous year, the company posted $3.37 earnings per share. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. Research analysts forecast that DICK’S Sporting Goods will post 14.28 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Institutional Trading of DICK’S Sporting Goods

Several hedge funds have recently bought and sold shares of the stock. Principal Financial Group Inc. grew its stake in 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 valued at $71,525,000 after acquiring an additional 98,557 shares in the last quarter. Angelo Gordon & CO. L.P. purchased a new stake in DICK’S Sporting Goods during the third quarter valued at approximately $8,640,000. Bank of New York Mellon Corp lifted its position in DICK’S Sporting Goods by 13.1% in the third quarter. Bank of New York Mellon Corp now owns 699,747 shares of the sporting goods retailer’s stock worth $155,498,000 after buying an additional 81,239 shares during the last quarter. National Pension Service lifted its holdings in shares of DICK’S Sporting Goods by 28.3% in the 3rd quarter. National Pension Service now owns 26,779 shares of the sporting goods retailer’s stock worth $5,951,000 after acquiring an additional 5,914 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of DICK’S Sporting Goods by 139.4% during the third quarter. American Century Companies Inc. now owns 412,661 shares of the sporting goods retailer’s stock valued at $91,702,000 after buying an additional 240,272 shares during the period. Institutional investors own 89.83% of the company’s stock.

Key DICK’S Sporting Goods News

Here are the key news stories impacting DICK’S Sporting Goods this week:

• Positive Sentiment: JPMorgan upgraded DICK’S Sporting Goods from neutral to overweight and lifted its price target to $270, signaling confidence in further upside after the recent pullback.
• Positive Sentiment: BTIG reaffirmed its buy rating and raised its price target to $300, citing room for continued share gains and execution strength.
• Positive Sentiment: The company reported 6.0% comparable sales growth, with DICK’S core business and Foot Locker both showing stronger trends, suggesting the integration is starting to help performance.
• Positive Sentiment: DICK’S raised the low end of its comparable sales outlook for both businesses and said Foot Locker’s Fast Break remodels are generating double-digit comps, reinforcing the growth story.
• Neutral Sentiment: DICK’S announced a quarterly dividend of $1.25 per share, which may appeal to income-focused investors but is unlikely to be the main driver of the stock move.
• Negative Sentiment: Q1 earnings came in slightly below expectations at $2.90 per share versus $2.91 expected, and EPS fell from a year ago, highlighting margin and integration pressure.
• Negative Sentiment: Management cut its full-year GAAP EPS guidance to $13.27-$14.27 from $13.70-$14.70, suggesting profits may be lower than previously expected despite stronger sales.

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.