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

DICK’S Sporting Goods, Inc. (NYSE:DKS) has earned a consensus recommendation of “Moderate Buy” from the nineteen brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation, eleven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $254.7059.

Several equities research analysts have commented on the stock. Telsey Advisory Group upped their target price on shares of DICK’S Sporting Goods from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Wednesday, May 20th. Weiss Ratings cut shares of DICK’S Sporting Goods from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 5th. Morgan Stanley boosted their price target on shares of DICK’S Sporting Goods from $250.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. JPMorgan Chase & Co. raised DICK’S Sporting Goods from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $240.00 to $270.00 in a research note on Thursday, May 28th. Finally, Jefferies Financial Group increased their price target on DICK’S Sporting Goods from $210.00 to $224.00 and gave the stock a “hold” rating in a report on Wednesday, May 27th.

DICK’S Sporting Goods Price Performance

DKS opened at $217.47 on Friday. The company has a fifty day moving average price of $223.34 and a two-hundred day moving average price of $212.51. The firm has a market capitalization of $19.46 billion, a PE ratio of 20.67, a P/E/G ratio of 1.89 and a beta of 1.19. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.38 and a current ratio of 1.50. DICK’S Sporting Goods has a 52 week low of $186.67 and a 52 week high of $244.38.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share for the quarter, missing the consensus estimate of $2.91 by ($0.01). The company had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.07 billion. DICK’S Sporting Goods had a net margin of 4.71% and a return on equity of 22.22%. The company’s quarterly revenue was up 62.7% compared to the same quarter last year. During the same period in the previous year, the company posted $3.37 EPS. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. As a group, analysts anticipate that DICK’S Sporting Goods will post 14.24 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Friday, June 12th. DICK’S Sporting Goods’s dividend payout ratio is presently 47.53%.

Institutional Trading of DICK’S Sporting Goods

Several hedge funds have recently bought and sold shares of DKS. Brown Advisory Inc. lifted its stake in DICK’S Sporting Goods by 9.6% in the second quarter. Brown Advisory Inc. now owns 1,143 shares of the sporting goods retailer’s stock valued at $226,000 after buying an additional 100 shares in the last quarter. Cerity Partners LLC increased its position in shares of DICK’S Sporting Goods by 54.1% during the second quarter. Cerity Partners LLC now owns 1,600 shares of the sporting goods retailer’s stock worth $316,000 after acquiring an additional 562 shares in the last quarter. Bank of Nova Scotia bought a new stake in shares of DICK’S Sporting Goods during the second quarter worth $417,000. Daiwa Securities Group Inc. raised its holdings in shares of DICK’S Sporting Goods by 9.8% during the second quarter. Daiwa Securities Group Inc. now owns 5,974 shares of the sporting goods retailer’s stock worth $1,182,000 after acquiring an additional 531 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in shares of DICK’S Sporting Goods by 4.4% during the second quarter. NewEdge Advisors LLC now owns 2,951 shares of the sporting goods retailer’s stock worth $584,000 after acquiring an additional 124 shares during the period. 89.83% of the stock is currently owned by institutional investors and hedge funds.

About DICK’S Sporting Goods

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.