Citigroup Cuts DICK’S Sporting Goods (NYSE:DKS) Price Target to $190.00

DICK’S Sporting Goods (NYSE:DKS) had its price target lowered by Citigroup from $280.00 to $190.00 in a research report released on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the sporting goods retailer’s stock.

Other research analysts have also recently issued reports about the company. Robert W. Baird lowered their price objective on DICK’S Sporting Goods from $264.00 to $150.00 and set an “outperform” rating for the company in a research report on Wednesday. Wells Fargo & Company cut their target price on DICK’S Sporting Goods from $240.00 to $185.00 and set an “overweight” rating on the stock in a research report on Tuesday. BTIG Research decreased their target price on DICK’S Sporting Goods from $300.00 to $180.00 and set a “buy” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. lowered their price target on DICK’S Sporting Goods from $270.00 to $245.00 and set an “overweight” rating for the company in a report on Monday, August 24th. Finally, Guggenheim reiterated a “neutral” rating on shares of DICK’S Sporting Goods in a research note on Wednesday. Twelve investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $170.22.

DICK’S Sporting Goods Stock Performance

Shares of DKS stock opened at $135.09 on Thursday. The company has a current ratio of 1.49, a quick ratio of 0.38 and a debt-to-equity ratio of 0.33. The firm has a fifty day moving average price of $205.27 and a 200 day moving average price of $209.05. The company has a market cap of $12.09 billion, a P/E ratio of 14.51, a PEG ratio of 1.43 and a beta of 1.21. DICK’S Sporting Goods has a 12 month low of $120.40 and a 12 month high of $244.38.

DICK’S Sporting Goods (NYSE:DKS) last posted its earnings results on Tuesday, August 25th. The sporting goods retailer reported $3.53 EPS for the quarter, missing the consensus estimate of $3.74 by ($0.21). DICK’S Sporting Goods had a net margin of 3.97% and a return on equity of 19.21%. The business had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.64 billion. During the same period last year, the company earned $4.38 EPS. The business’s quarterly revenue was up 53.2% compared to the same quarter last year. DICK’S Sporting Goods has set its FY 2026 guidance at 11.000-12.000 EPS. Sell-side analysts predict that DICK’S Sporting Goods will post 11.72 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be given a dividend of $1.25 per share. The ex-dividend date is Friday, September 11th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 3.7%. DICK’S Sporting Goods’s payout ratio is 53.71%.

Insider Transactions at DICK’S Sporting Goods

In other news, Director William J. Colombo purchased 1,100 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The shares were purchased at an average price of $129.00 per share, for a total transaction of $141,900.00. Following the purchase, the director directly owned 180,087 shares of the company’s stock, valued at $23,231,223. This represents a 0.61% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark J. Barrenechea purchased 17,000 shares of the business’s stock in a transaction on Thursday, August 27th. The shares were purchased at an average cost of $130.72 per share, for a total transaction of $2,222,240.00. Following the transaction, the director owned 25,977 shares of the company’s stock, valued at $3,395,713.44. This trade represents a 189.37% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 28,650 shares of company stock valued at $3,722,280 over the last quarter. Company insiders own 28.91% of the company’s stock.

Institutional Investors Weigh In On DICK’S Sporting Goods

Large investors have recently modified their holdings of the company. Harbor Investment Advisory LLC acquired a new position in shares of DICK’S Sporting Goods in the 1st quarter valued at $30,000. Laurel Wealth Advisors LLC acquired a new stake in DICK’S Sporting Goods during the 4th quarter worth $34,000. Elyxium Wealth LLC acquired a new stake in DICK’S Sporting Goods during the 4th quarter worth $35,000. SHP Wealth Management purchased a new position in DICK’S Sporting Goods during the 4th quarter worth $38,000. Finally, Torren Management LLC purchased a new position in DICK’S Sporting Goods during the 4th quarter worth $41,000. 89.83% of the stock is owned by institutional investors and hedge funds.

Key DICK’S Sporting Goods News

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

• Positive Sentiment: Several directors made sizable open-market purchases after the earnings-related decline. William J. Colombo bought 6,100 shares for roughly $785,500, Mark J. Barrenechea purchased 17,000 shares for about $2.2 million, Robert W. Eddy bought 4,000 shares, and Sandeep Mathrani acquired 1,550 shares. The transactions may signal that company insiders view the selloff as excessive. SEC insider filing
• Positive Sentiment: Oppenheimer maintained a Buy rating, and Citigroup retained a Buy rating despite reducing its price target to $190 from $280. The new target still implies substantial potential upside from current trading levels. Analyst price target report
• Neutral Sentiment: Multiple law firms announced investigations into potential securities-law violations, including Kaplan Fox, Block & Leviton, BFA Law, Levi & Korsinsky and Pomerantz. These notices are investor solicitations and do not establish that DICK’S violated any law, but they add reputational and litigation risk. Kaplan Fox investigation notice
• Negative Sentiment: DICK’S reported quarterly earnings of $3.53 per share versus the $3.74 consensus estimate, while revenue of $5.59 billion also fell short of expectations. Earnings declined from $4.38 per share a year earlier, intensifying concerns about profitability despite strong reported revenue growth.
• Negative Sentiment: Telsey downgraded the stock to Market Perform and slashed its price target to $145 from $255. DA Davidson and BTIG also issued pessimistic forecasts, reinforcing concerns about the company’s outlook. Analyst downgrade report

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.