DICK’S Sporting Goods, Inc. (NYSE:DKS) Receives Average Recommendation of “Hold” from Analysts

Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) have received a consensus recommendation of “Hold” from the twenty-two research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $239.10.

DKS has been the subject of several analyst reports. Wall Street Zen cut shares of DICK’S Sporting Goods from a “hold” rating to a “sell” rating in a report on Saturday, January 17th. Barclays cut their price objective 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. Telsey Advisory Group decreased their target price on shares of DICK’S Sporting Goods from $255.00 to $245.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 26th. BNP Paribas Exane started coverage on shares of DICK’S Sporting Goods in a research report on Friday, September 26th. They issued an “underperform” rating and a $177.00 target price on the stock. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of DICK’S Sporting Goods in a report on Monday, December 29th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank bought a new stake in shares of DICK’S Sporting Goods in the 2nd quarter worth $136,483,000. Caldwell Trust Co acquired a new stake in DICK’S Sporting Goods during the 2nd quarter valued at $1,433,000. Cerro Pacific Wealth Advisors LLC acquired a new stake in DICK’S Sporting Goods during the 2nd quarter worth about $286,000. Lancaster Investment Management acquired a new position in DICK’S Sporting Goods in the 3rd quarter valued at approximately $31,552,000. Finally, Osaic Holdings Inc. raised its holdings in shares of DICK’S Sporting Goods by 33.8% during the second quarter. Osaic Holdings Inc. now owns 39,026 shares of the sporting goods retailer’s stock worth $7,783,000 after acquiring an additional 9,866 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Price Performance

DKS stock opened at $206.16 on Friday. The company has a current ratio of 1.57, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $18.55 billion, a P/E ratio of 16.59, a PEG ratio of 3.26 and a beta of 1.19. DICK’S Sporting Goods has a twelve month low of $166.37 and a twelve month high of $254.60. The business has a 50 day simple moving average of $210.86 and a 200-day simple moving average of $217.20.

DICK’S Sporting Goods (NYSE:DKS) last announced its 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. DICK’S Sporting Goods had a net margin of 6.86% and a return on equity of 30.55%. The business had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.45 billion. During the same quarter in the prior year, the firm earned $2.75 earnings per share. The business’s quarterly revenue 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. As a group, equities 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 declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, December 12th were issued a $1.2125 dividend. This represents a $4.85 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Friday, December 12th. DICK’S Sporting Goods’s dividend payout ratio is currently 39.02%.

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.