DICK’S Sporting Goods, Inc. (NYSE:DKS) Given Consensus Recommendation of “Hold” by Brokerages

Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) have earned a consensus rating of “Hold” from the twenty-four research firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and twelve have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $235.0952.

A number of analysts recently issued reports on DKS shares. Robert W. Baird set a $226.00 price target on DICK’S Sporting Goods in a report on Wednesday, November 26th. Barclays decreased 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, November 28th. Morgan Stanley increased their price target on DICK’S Sporting Goods from $232.00 to $253.00 and gave the stock an “overweight” rating in a research report on Friday, August 29th. Telsey Advisory Group cut their price target on DICK’S Sporting Goods from $255.00 to $245.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 26th. Finally, Weiss Ratings raised shares of DICK’S Sporting Goods from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th.

DICK’S Sporting Goods Price Performance

DKS opened at $225.61 on Friday. The company has a quick ratio of 0.37, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The business has a fifty day moving average of $220.57 and a 200 day moving average of $210.30. DICK’S Sporting Goods has a 52-week low of $166.37 and a 52-week high of $254.60. The stock has a market cap of $18.07 billion, a P/E ratio of 18.15, a PEG ratio of 3.48 and a beta of 1.17.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, November 25th. The sporting goods retailer reported $2.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.62 by $0.16. DICK’S Sporting Goods had a net margin of 6.86% and a return on equity of 30.55%. The firm had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.45 billion. During the same period in the previous year, the firm earned $2.75 earnings per share. The business’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. As a group, sell-side analysts anticipate that DICK’S Sporting Goods will post 13.89 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Friday, December 12th will be issued a dividend of $1.2125 per share. The ex-dividend date is Friday, December 12th. This represents a $4.85 dividend on an annualized basis and a yield of 2.1%. DICK’S Sporting Goods’s dividend payout ratio is currently 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 DICK’S Sporting Goods stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $220.69, for a total value of $4,432,117.27. Following the transaction, the chief executive officer owned 299,990 shares in the company, valued at $66,204,793.10. The trade was a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 32.55% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of DKS. Norges Bank acquired a new stake in shares of DICK’S Sporting Goods in the second quarter valued at $136,483,000. Cerro Pacific Wealth Advisors LLC purchased a new position in DICK’S Sporting Goods during the 2nd quarter valued at about $286,000. Parallel Advisors LLC boosted its holdings in DICK’S Sporting Goods by 14.0% during the 2nd quarter. Parallel Advisors LLC now owns 667 shares of the sporting goods retailer’s stock valued at $132,000 after acquiring an additional 82 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its position in DICK’S Sporting Goods by 18.7% in the 2nd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 16,574 shares of the sporting goods retailer’s stock valued at $3,279,000 after acquiring an additional 2,606 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in DICK’S Sporting Goods by 7.2% during the second quarter. Nomura Asset Management Co. Ltd. now owns 28,433 shares of the sporting goods retailer’s stock worth $5,624,000 after purchasing an additional 1,912 shares during the period. 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.