TD Cowen Cuts DICK’S Sporting Goods (NYSE:DKS) Price Target to $226.00

DICK’S Sporting Goods (NYSE:DKS) had its target price trimmed by TD Cowen from $234.00 to $226.00 in a report issued on Wednesday morning,Benzinga reports. The brokerage currently has a hold rating on the sporting goods retailer’s stock.

A number of other equities analysts also recently commented on the stock. Loop Capital set a $215.00 target price on shares of DICK’S Sporting Goods and gave the stock a “hold” rating in a report on Wednesday, July 30th. Truist Financial lifted their price objective on shares of DICK’S Sporting Goods from $248.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. Cowen reissued a “hold” rating on shares of DICK’S Sporting Goods in a research report on Wednesday. BNP Paribas Exane began coverage on shares of DICK’S Sporting Goods in a research note on Friday, September 26th. They issued an “underperform” rating and a $177.00 target price for the company. Finally, Weiss Ratings raised shares of DICK’S Sporting Goods from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. Twelve investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $235.10.

DICK’S Sporting Goods Stock Performance

Shares of DKS stock opened at $206.40 on Wednesday. The firm has a market cap of $16.53 billion, a price-to-earnings ratio of 14.41, a PEG ratio of 3.23 and a beta of 1.05. DICK’S Sporting Goods has a 52-week low of $166.37 and a 52-week high of $254.60. The company has a quick ratio of 0.55, a current ratio of 1.70 and a debt-to-equity ratio of 0.44. The company’s 50 day moving average is $221.24 and its 200 day moving average is $209.70.

DICK’S Sporting Goods (NYSE:DKS) last posted its earnings results on Tuesday, November 25th. The sporting goods retailer reported $2.78 earnings per share for the quarter, topping analysts’ consensus estimates of $2.62 by $0.16. DICK’S Sporting Goods had a return on equity of 36.54% and a net margin of 8.52%.The company had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.45 billion. During the same quarter in the prior year, the business earned $2.75 earnings per share. DICK’S Sporting Goods’s 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. On average, sell-side analysts anticipate that DICK’S Sporting Goods will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Friday, December 12th will be issued a $1.2125 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.3%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 39.02%.

Insider Activity at DICK’S Sporting Goods

In other news, CEO Lauren R. Hobart sold 20,083 shares of DICK’S Sporting Goods stock in a transaction on Monday, September 29th. The shares were sold at an average price of $220.69, for a total transaction of $4,432,117.27. Following the completion of the sale, the chief executive officer directly owned 299,990 shares in the company, valued at approximately $66,204,793.10. The trade was a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 32.55% of the company’s stock.

Institutional Trading of DICK’S Sporting Goods

Several large investors have recently added to or reduced their stakes in DKS. Clearstead Advisors LLC increased its holdings in shares of DICK’S Sporting Goods by 46.9% in the third quarter. Clearstead Advisors LLC now owns 144 shares of the sporting goods retailer’s stock valued at $32,000 after purchasing an additional 46 shares during the period. Root Financial Partners LLC purchased a new stake in DICK’S Sporting Goods in the third quarter valued at approximately $33,000. Westside Investment Management Inc. boosted its position in DICK’S Sporting Goods by 100.0% in the third quarter. Westside Investment Management Inc. now owns 152 shares of the sporting goods retailer’s stock valued at $35,000 after buying an additional 76 shares during the last quarter. Mather Group LLC. acquired a new position in DICK’S Sporting Goods in the 3rd quarter worth approximately $39,000. Finally, Atlantic Union Bankshares Corp purchased a new position in DICK’S Sporting Goods during the 2nd quarter worth approximately $40,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Company Profile

DICK’s Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.