What is DA Davidson’s Estimate for DKS FY2027 Earnings?

DICK’S Sporting Goods, Inc. (NYSE:DKS) – Equities research analysts at DA Davidson raised their FY2027 EPS estimates for shares of DICK’S Sporting Goods in a research note issued to investors on Wednesday, November 26th. DA Davidson analyst M. Baker now expects that the sporting goods retailer will post earnings of $16.29 per share for the year, up from their previous estimate of $16.02. DA Davidson currently has a “Buy” rating and a $245.00 target price on the stock. The consensus estimate for DICK’S Sporting Goods’ current full-year earnings is $13.89 per share.

Several other research analysts have also recently commented on DKS. Barclays reduced their target price on DICK’S Sporting Goods from $246.00 to $242.00 and set an “overweight” rating for the company in a research report on Friday. Cowen reaffirmed a “hold” rating on shares of DICK’S Sporting Goods in a report on Wednesday. Truist Financial raised their target price on 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. 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. Finally, Morgan Stanley boosted their price target on shares of DICK’S Sporting Goods from $232.00 to $253.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. Twelve analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $235.10.

DICK’S Sporting Goods Price Performance

Shares of DKS stock opened at $206.40 on Thursday. DICK’S Sporting Goods has a 12 month low of $166.37 and a 12 month high of $254.60. The company has a market capitalization of $16.53 billion, a P/E ratio of 14.41, a P/E/G ratio of 3.23 and a beta of 1.05. The stock has a 50 day moving average of $221.24 and a two-hundred day moving average of $209.70. The company has a current ratio of 1.70, a quick ratio of 0.55 and a debt-to-equity ratio of 0.44.

DICK’S Sporting Goods (NYSE:DKS) last released 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 business had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.45 billion. During the same period last year, the business earned $2.75 earnings per share. The firm’s revenue for the quarter was up 36.3% compared to the same quarter last year. DICK’S Sporting Goods has set its FY 2025 guidance at 14.250-14.550 EPS.

Hedge Funds Weigh In On DICK’S Sporting Goods

Several hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its position in shares of DICK’S Sporting Goods by 588.1% during the 3rd quarter. Bank of America Corp DE now owns 3,545,944 shares of the sporting goods retailer’s stock worth $787,980,000 after buying an additional 3,030,642 shares during the period. Wellington Management Group LLP grew its position in shares of DICK’S Sporting Goods by 83.9% during the 3rd quarter. Wellington Management Group LLP now owns 6,606,860 shares of the sporting goods retailer’s stock worth $1,468,176,000 after buying an additional 3,013,850 shares during the period. Vanguard Group Inc. grew its position in shares of DICK’S Sporting Goods by 17.8% during the 3rd quarter. Vanguard Group Inc. now owns 6,719,011 shares of the sporting goods retailer’s stock worth $1,493,099,000 after buying an additional 1,015,599 shares during the period. Atreides Management LP bought a new position in DICK’S Sporting Goods during the 2nd quarter worth approximately $172,715,000. Finally, Hamlin Capital Management LLC acquired a new position in DICK’S Sporting Goods during the third quarter valued at approximately $157,537,000. Institutional investors own 89.83% of the company’s stock.

Insider Buying and Selling at DICK’S Sporting Goods

In other news, CEO Lauren R. Hobart sold 20,083 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 299,990 shares in the company, valued at approximately $66,204,793.10. This represents a 6.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 32.55% of the company’s stock.

DICK’S Sporting Goods Announces Dividend

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

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.