DICK’S Sporting Goods (NYSE:DKS) Price Target Raised to $195.00

DICK’S Sporting Goods (NYSE:DKS) had its target price boosted by equities research analysts at Wells Fargo & Company from $185.00 to $195.00 in a report released on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the sporting goods retailer’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 32.73% from the stock’s previous close.

DKS has been the topic of a number of other research reports. Bank of America decreased their price target on shares of DICK’S Sporting Goods from $245.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, August 26th. JPMorgan Chase & Co. lowered their price objective on shares of DICK’S Sporting Goods from $270.00 to $245.00 and set an “overweight” rating on the stock in a research report on Monday, August 24th. Wolfe Research started coverage on shares of DICK’S Sporting Goods in a report on Wednesday, October 21st. They set an “outperform” rating and a $181.00 price objective for the company. Morgan Stanley cut their target price on shares of DICK’S Sporting Goods from $270.00 to $180.00 and set an “overweight” rating for the company in a research report on Wednesday, August 26th. Finally, DA Davidson reduced their target price on DICK’S Sporting Goods from $260.00 to $205.00 and set a “buy” rating on the stock in a research note on Wednesday, August 26th. Twelve analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $167.00.

DICK’S Sporting Goods Price Performance

Shares of NYSE DKS traded up $1.25 during midday trading on Friday, hitting $146.91. 228,807 shares of the company’s stock were exchanged, compared to its average volume of 1,865,181. DICK’S Sporting Goods has a 12-month low of $120.15 and a 12-month high of $244.38. The company has a current ratio of 1.49, a quick ratio of 0.36 and a debt-to-equity ratio of 0.33. The company has a market cap of $13.06 billion, a price-to-earnings ratio of 15.80, a PEG ratio of 2.84 and a beta of 1.09. The business’s fifty day moving average price is $137.42 and its two-hundred day moving average price is $189.63.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Tuesday, August 25th. The sporting goods retailer reported $3.53 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.64 billion. During the same period in the prior year, the business earned $4.38 earnings per share. The company’s revenue for the quarter 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. As a group, research analysts forecast that DICK’S Sporting Goods will post 11.67 EPS for the current fiscal year.

Insider Activity at DICK’S Sporting Goods

In other news, insider Matthew Barnes purchased 3,665 shares of the business’s stock in a transaction on Wednesday, September 30th. The shares were acquired at an average price of $136.39 per share, with a total value of $499,869.35. Following the acquisition, the insider directly owned 11,965 shares in the company, valued at approximately $1,631,906.35. The trade was a 44.16% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Navdeep Gupta acquired 7,707 shares of the firm’s stock in a transaction on Tuesday, September 22nd. The stock was purchased at an average price of $129.75 per share, for a total transaction of $999,983.25. Following the transaction, the executive vice president directly owned 86,580 shares of the company’s stock, valued at approximately $11,233,755. This trade represents a 9.77% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 42,795 shares of company stock worth $5,588,641 over the last ninety days. Insiders own 28.91% of the company’s stock.

Institutional Trading of DICK’S Sporting Goods

A number of institutional investors have recently modified their holdings of DKS. Heritage Family Offices LLP bought a new stake in shares of DICK’S Sporting Goods in the third quarter worth about $29,000. Rothschild Investment LLC raised its position in DICK’S Sporting Goods by 707.1% during the 3rd quarter. Rothschild Investment LLC now owns 226 shares of the sporting goods retailer’s stock valued at $30,000 after purchasing an additional 198 shares during the last quarter. Whittier Trust Co. raised its position in DICK’S Sporting Goods by 400.0% during the 3rd quarter. Whittier Trust Co. now owns 250 shares of the sporting goods retailer’s stock valued at $34,000 after purchasing an additional 200 shares during the last quarter. Pinnacle Wealth Planning Services Inc. lifted its holdings in DICK’S Sporting Goods by 241.2% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 290 shares of the sporting goods retailer’s stock worth $39,000 after buying an additional 205 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in DICK’S Sporting Goods by 34.3% in the 3rd quarter. Versant Capital Management Inc now owns 333 shares of the sporting goods retailer’s stock worth $45,000 after buying an additional 85 shares during the period. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Company Profile

DICK’S Sporting Goods, Inc. is a U.S. sporting goods retailer that sells equipment, apparel, footwear and accessories for a range of sports and outdoor activities. Customers can shop through its stores and e-commerce platforms, and the company also offers services such as golf club fitting and equipment repair at select locations. The company operates under several retail banners, including DICK’S Sporting Goods, Golf Galaxy, Public Lands and Going Going Gone!, as well as experiential DICK’S House of Sport locations.