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

Wall Street Zen lowered shares of DICK’S Sporting Goods (NYSE:DKS) from a hold rating to a sell rating in a report published on Saturday morning.

Several other brokerages have also recently commented on DKS. Cowen restated a “hold” rating on shares of DICK’S Sporting Goods in a report on Wednesday, November 26th. Telsey Advisory Group reduced their price target 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. Wells Fargo & Company raised their price objective on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 26th. JPMorgan Chase & Co. boosted their target price on shares of DICK’S Sporting Goods from $195.00 to $235.00 and gave the stock a “neutral” rating in a research note on Friday, August 29th. Finally, Barclays reduced their target price on shares of 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. Eleven investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $235.10.

DICK’S Sporting Goods Stock Performance

NYSE DKS opened at $213.54 on Friday. DICK’S Sporting Goods has a 1-year low of $166.37 and a 1-year high of $254.60. The company has a 50 day moving average of $219.65 and a 200-day moving average of $212.44. 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 firm has a market cap of $19.21 billion, a price-to-earnings ratio of 17.18, a PEG ratio of 3.31 and a beta of 1.17.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Tuesday, November 25th. The sporting goods retailer reported $2.78 EPS for the quarter, topping analysts’ consensus estimates of $2.62 by $0.16. DICK’S Sporting Goods had a return on equity of 30.55% and a net margin of 6.86%.The business had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.45 billion. During the same period in the prior year, the company earned $2.75 EPS. DICK’S Sporting Goods’s revenue for the quarter 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. On average, equities analysts forecast that DICK’S Sporting Goods will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

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

Insider Buying and Selling at DICK’S Sporting Goods

In related news, CEO Lauren R. Hobart sold 20,083 shares of the stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $220.69, for a total value of $4,432,117.27. Following the transaction, the chief executive officer directly owned 299,990 shares in the company, valued at $66,204,793.10. This represents a 6.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 32.55% of the stock is currently owned by company insiders.

Institutional Trading of DICK’S Sporting Goods

Institutional investors and hedge funds have recently made changes to their positions in the business. Clearstead Advisors LLC boosted its position in shares of DICK’S Sporting Goods by 46.9% in the 3rd quarter. Clearstead Advisors LLC now owns 144 shares of the sporting goods retailer’s stock worth $32,000 after purchasing an additional 46 shares during the last quarter. Root Financial Partners LLC acquired a new position in DICK’S Sporting Goods in the third quarter valued at about $33,000. Westside Investment Management Inc. boosted its holdings in DICK’S Sporting Goods by 100.0% during the third quarter. Westside Investment Management Inc. now owns 152 shares of the sporting goods retailer’s stock worth $35,000 after buying an additional 76 shares during the last quarter. Mather Group LLC. acquired a new position in shares of DICK’S Sporting Goods during the 3rd quarter worth about $39,000. Finally, Atlantic Union Bankshares Corp acquired a new position in shares of DICK’S Sporting Goods during the 2nd quarter worth about $40,000. Institutional investors own 89.83% of the company’s stock.

About DICK’S Sporting Goods

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.