DICK’S Sporting Goods (NYSE:DKS) Downgraded to “Sell” Rating by Wall Street Zen

DICK’S Sporting Goods (NYSE:DKS) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

Several other equities analysts have also issued reports on the company. The Goldman Sachs Group reaffirmed a “buy” rating on shares of DICK’S Sporting Goods in a report on Monday, January 5th. Barclays cut their price objective on DICK’S Sporting Goods from $246.00 to $242.00 and set an “overweight” rating on the stock in a research report on Friday, November 28th. Cowen reaffirmed a “hold” rating on shares of DICK’S Sporting Goods in a research report on Wednesday, November 26th. Wells Fargo & Company boosted their price target on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 26th. Finally, Truist Financial raised 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 report on Friday, October 17th. Eleven investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, DICK’S Sporting Goods presently has an average rating of “Hold” and a consensus target price of $236.14.

DICK’S Sporting Goods Stock Performance

Shares of DKS stock opened at $215.47 on Friday. The firm has a 50-day moving average of $211.84 and a 200-day moving average of $217.08. The company has a market cap of $19.39 billion, a P/E ratio of 17.33, a P/E/G ratio of 3.34 and a beta of 1.19. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 0.37. DICK’S Sporting Goods has a one year low of $166.37 and a one year high of $254.60.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Tuesday, November 25th. The sporting goods retailer reported $2.78 earnings per share for the quarter, topping the consensus estimate of $2.62 by $0.16. The business had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.45 billion. DICK’S Sporting Goods had a net margin of 6.86% and a return on equity of 30.55%. The firm’s revenue for the quarter was up 36.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.75 earnings per share. DICK’S Sporting Goods has set its FY 2025 guidance at 14.250-14.550 EPS. Equities research analysts forecast that DICK’S Sporting Goods will post 13.89 EPS for the current fiscal year.

Institutional Investors Weigh In On DICK’S Sporting Goods

Large investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC raised its holdings in shares of DICK’S Sporting Goods by 14.0% in 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 in the last quarter. Baader Bank Aktiengesellschaft increased its position in shares of DICK’S Sporting Goods by 102.8% in the second quarter. Baader Bank Aktiengesellschaft now owns 2,164 shares of the sporting goods retailer’s stock worth $426,000 after purchasing an additional 1,097 shares during the last quarter. Mn Services Vermogensbeheer B.V. purchased a new stake in DICK’S Sporting Goods in the second quarter valued at approximately $4,154,000. IFM Investors Pty Ltd lifted its position in DICK’S Sporting Goods by 11.7% during the second quarter. IFM Investors Pty Ltd now owns 12,079 shares of the sporting goods retailer’s stock valued at $2,389,000 after purchasing an additional 1,265 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in DICK’S Sporting Goods by 15.7% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,327 shares of the sporting goods retailer’s stock worth $460,000 after buying an additional 315 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 is a leading U.S.-based sporting goods retailer that sells a broad range of sports equipment, apparel, footwear and outdoor gear. The company operates an omnichannel business combining physical stores with digital sales, offering products for team sports, fitness, hunting and fishing, golf, and general active lifestyle categories. In addition to its flagship DICK’S stores, the company operates specialty formats such as Golf Galaxy and branded service offerings including team-sports sales and custom equipment solutions.

The company traces its roots to a single sporting goods outlet founded in 1948 and has since grown into a national retail chain serving customers across the United States.