Telsey Advisory Group Cuts DICK’S Sporting Goods (NYSE:DKS) Price Target to $245.00

DICK’S Sporting Goods (NYSE:DKS) had its target price lowered by Telsey Advisory Group from $255.00 to $245.00 in a research report sent to investors on Wednesday morning, Marketbeat Ratings reports. The brokerage currently has an outperform rating on the sporting goods retailer’s stock.

DKS has been the subject of several other research reports. Oppenheimer reaffirmed an “outperform” rating and issued a $270.00 price objective on shares of DICK’S Sporting Goods in a research report on Friday, August 29th. Wells Fargo & Company lifted their price target on DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Cowen reiterated a “hold” rating on shares of DICK’S Sporting Goods in a report on Monday, August 18th. Truist Financial upped their price target on DICK’S Sporting Goods from $248.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, October 17th. Finally, Loop Capital set a $215.00 price objective on shares of DICK’S Sporting Goods and gave the stock a “hold” rating in a report on Wednesday, July 30th. Twelve equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $235.10.

DICK’S Sporting Goods Trading Down 0.5%

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

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, beating the consensus estimate of $2.62 by $0.16. DICK’S Sporting Goods had a net margin of 8.52% and a return on equity of 36.54%. The business had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.45 billion. During the same quarter in the previous year, the business posted $2.75 EPS. The business’s quarterly 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 predict that DICK’S Sporting Goods will post 13.89 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

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

Insider Transactions at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, CEO Lauren R. Hobart sold 20,083 shares of the business’s stock in a transaction dated 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 32.55% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On DICK’S Sporting Goods

Several large investors have recently made changes to their positions in DKS. Vanguard Group Inc. boosted its position in shares of DICK’S Sporting Goods by 17.8% in the 3rd quarter. Vanguard Group Inc. now owns 6,719,011 shares of the sporting goods retailer’s stock valued at $1,493,099,000 after purchasing an additional 1,015,599 shares during the period. Wellington Management Group LLP grew its holdings in shares of DICK’S Sporting Goods by 83.9% during the third quarter. Wellington Management Group LLP now owns 6,606,860 shares of the sporting goods retailer’s stock valued at $1,468,176,000 after buying an additional 3,013,850 shares in the last quarter. Bank of America Corp DE raised its position in DICK’S Sporting Goods by 588.1% during the third quarter. Bank of America Corp DE now owns 3,545,944 shares of the sporting goods retailer’s stock valued at $787,980,000 after buying an additional 3,030,642 shares during the period. State Street Corp lifted its stake in DICK’S Sporting Goods by 17.7% in the 3rd quarter. State Street Corp now owns 2,606,541 shares of the sporting goods retailer’s stock worth $579,226,000 after acquiring an additional 391,694 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of DICK’S Sporting Goods by 58.2% in the third quarter. Dimensional Fund Advisors LP now owns 1,423,102 shares of the sporting goods retailer’s stock worth $316,224,000 after purchasing an additional 523,809 shares in the last quarter. 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.