DICK’S Sporting Goods’ (DKS) Buy Rating Reaffirmed at DA Davidson

DICK’S Sporting Goods (NYSE:DKS)‘s stock had its “buy” rating reissued by DA Davidson in a note issued to investors on Monday,Benzinga reports. They presently have a $260.00 price objective on the sporting goods retailer’s stock. DA Davidson’s target price would indicate a potential upside of 33.60% from the stock’s previous close.

Several other brokerages have also recently issued reports on DKS. Weiss Ratings cut DICK’S Sporting Goods from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 5th. BTIG Research reaffirmed a “buy” rating and issued a $300.00 price objective on shares of DICK’S Sporting Goods in a report on Thursday, May 28th. UBS Group raised DICK’S Sporting Goods from a “buy” rating to a “positive” rating in a report on Monday, August 10th. JPMorgan Chase & Co. raised DICK’S Sporting Goods from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $240.00 to $270.00 in a report on Thursday, May 28th. Finally, Morgan Stanley upped their price target on DICK’S Sporting Goods from $250.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $258.44.

DICK’S Sporting Goods Stock Down 3.6%

NYSE:DKS traded down $7.36 during midday trading on Monday, reaching $194.61. 826,269 shares of the stock traded hands, compared to its average volume of 1,200,143. The business has a 50-day moving average of $216.95 and a two-hundred day moving average of $211.97. The stock has a market capitalization of $17.42 billion, a PE ratio of 18.50, a price-to-earnings-growth ratio of 1.76 and a beta of 1.21. 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 12-month low of $186.67 and a 12-month high of $244.38.

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

Hedge Funds Weigh In On DICK’S Sporting Goods

Institutional investors have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in DICK’S Sporting Goods during the second quarter worth approximately $1,501,321,000. Bank of America Corp DE acquired a new position in DICK’S Sporting Goods in the 2nd quarter valued at $1,024,000,000. State Street Corp raised its holdings in DICK’S Sporting Goods by 17.7% in the 3rd quarter. State Street Corp now owns 2,606,541 shares of the sporting goods retailer’s stock valued at $579,226,000 after acquiring an additional 391,694 shares during the last quarter. Viking Global Investors LP purchased a new position in shares of DICK’S Sporting Goods during the 4th quarter worth $509,371,000. Finally, Geode Capital Management LLC lifted its stake in shares of DICK’S Sporting Goods by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 1,226,792 shares of the sporting goods retailer’s stock worth $242,184,000 after purchasing an additional 16,051 shares during the period. Institutional investors and hedge funds own 89.83% of the company’s stock.

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.