DICK’S Sporting Goods (NYSE:DKS) Sets New 12-Month High – Here’s Why

DICK’S Sporting Goods, Inc. (NYSE:DKS)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $239.95 and last traded at $242.4690, with a volume of 94938 shares traded. The stock had previously closed at $232.96.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. BTIG Research reissued a “buy” rating and issued a $300.00 target price on shares of DICK’S Sporting Goods in a research note on Thursday, May 28th. Barclays upped their price target on DICK’S Sporting Goods from $264.00 to $280.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Telsey Advisory Group raised their price target on DICK’S Sporting Goods from $240.00 to $255.00 and gave the company an “outperform” rating in a report on Wednesday, May 20th. Morgan Stanley lifted their price objective on DICK’S Sporting Goods from $250.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Finally, Truist Financial boosted their price objective on DICK’S Sporting Goods from $252.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $254.71.

DICK’S Sporting Goods Stock Down 0.9%

The firm has a 50 day simple moving average of $222.70 and a two-hundred day simple moving average of $211.15. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.50 and a quick ratio of 0.38. The stock has a market cap of $21.15 billion, a price-to-earnings ratio of 22.47, a price-to-earnings-growth ratio of 2.08 and a beta of 1.19.

DICK’S Sporting Goods (NYSE:DKS) last posted its earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.91 by ($0.01). The company had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.07 billion. DICK’S Sporting Goods had a return on equity of 22.22% and a net margin of 4.71%.DICK’S Sporting Goods’s quarterly revenue was up 62.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.37 earnings per share. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. As a group, sell-side analysts expect that DICK’S Sporting Goods, Inc. will post 14.23 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be issued a $1.25 dividend. The ex-dividend date is Friday, June 12th. This represents a $5.00 annualized dividend and a yield of 2.1%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 47.53%.

Insider Buying and Selling at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, EVP Julie Lodge-Jarrett sold 4,140 shares of the business’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $223.56, for a total value of $925,538.40. Following the completion of the transaction, the executive vice president directly owned 24,757 shares of the company’s stock, valued at approximately $5,534,674.92. The trade was a 14.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Edward W. Stack sold 210,478 shares of the stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $197.69, for a total value of $41,609,395.82. Following the completion of the sale, the chairman owned 6,549,026 shares of the company’s stock, valued at $1,294,676,949.94. This trade represents a 3.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 28.91% of the stock is owned by insiders.

Hedge Funds Weigh In On DICK’S Sporting Goods

Several institutional investors and hedge funds have recently modified their holdings of the business. Clearstead Advisors LLC grew 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 buying an additional 46 shares during the period. Lido Advisors LLC boosted its stake in DICK’S Sporting Goods by 3.9% during the third quarter. Lido Advisors LLC now owns 1,358 shares of the sporting goods retailer’s stock worth $302,000 after acquiring an additional 51 shares in the last quarter. Jacobi Capital Management LLC grew its holdings in DICK’S Sporting Goods by 4.5% in the fourth quarter. Jacobi Capital Management LLC now owns 1,189 shares of the sporting goods retailer’s stock worth $235,000 after purchasing an additional 51 shares during the period. Bath Savings Trust Co increased its stake in shares of DICK’S Sporting Goods by 0.4% during the fourth quarter. Bath Savings Trust Co now owns 12,366 shares of the sporting goods retailer’s stock valued at $2,448,000 after purchasing an additional 53 shares in the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its position in shares of DICK’S Sporting Goods by 0.3% in the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 16,458 shares of the sporting goods retailer’s stock worth $3,258,000 after purchasing an additional 54 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

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.