DICK’S Sporting Goods (NYSE:DKS) Upgraded by Wall Street Zen to Hold Rating

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

Other analysts have also recently issued research reports about the stock. The Goldman Sachs Group reaffirmed a “buy” rating on shares of DICK’S Sporting Goods in a research note on Monday, January 5th. DA Davidson set a $260.00 target price on DICK’S Sporting Goods in a report on Monday, January 12th. Robert W. Baird set a $226.00 price target on DICK’S Sporting Goods in a research report on Wednesday, November 26th. Barclays reduced 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. Finally, Truist Financial boosted their price objective on DICK’S Sporting Goods from $248.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. Eleven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $239.10.

DICK’S Sporting Goods Stock Performance

Shares of NYSE:DKS opened at $206.16 on Friday. 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 1 year low of $166.37 and a 1 year high of $254.60. The firm has a market capitalization of $18.55 billion, a PE ratio of 16.59, a P/E/G ratio of 3.23 and a beta of 1.19. The business’s 50 day moving average price is $210.86 and its 200-day moving average price is $217.31.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Tuesday, November 25th. The sporting goods retailer reported $2.78 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.45 billion. During the same period in the prior year, the company earned $2.75 EPS. The firm’s 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 research analysts expect that DICK’S Sporting Goods will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 12th were issued a $1.2125 dividend. This represents a $4.85 annualized dividend and a yield of 2.4%. The ex-dividend date was Friday, December 12th. DICK’S Sporting Goods’s payout ratio is 39.02%.

Institutional Investors Weigh In On DICK’S Sporting Goods

A number of institutional investors have recently made changes to their positions in the stock. Assetmark Inc. lifted its holdings in shares of DICK’S Sporting Goods by 3.9% in the 4th quarter. Assetmark Inc. now owns 2,824 shares of the sporting goods retailer’s stock worth $559,000 after acquiring an additional 105 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in DICK’S Sporting Goods by 2.6% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 22,937 shares of the sporting goods retailer’s stock valued at $4,541,000 after purchasing an additional 583 shares during the period. V Square Quantitative Management LLC acquired a new position in DICK’S Sporting Goods during the fourth quarter worth $280,000. OFI Invest Asset Management lifted its stake in DICK’S Sporting Goods by 91.4% during the fourth quarter. OFI Invest Asset Management now owns 1,252 shares of the sporting goods retailer’s stock worth $248,000 after purchasing an additional 598 shares in the last quarter. Finally, Sutton Place Investors LLC purchased a new position in shares of DICK’S Sporting Goods during the fourth quarter worth $1,907,000. 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.