DICK’S Sporting Goods (NYSE:DKS) Given New $195.00 Price Target at Wells Fargo & Company

DICK’S Sporting Goods (NYSE:DKS) had its price target raised by Wells Fargo & Company from $185.00 to $195.00 in a research report report published on Friday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the sporting goods retailer’s stock.

Other analysts have also recently issued research reports about the company. Zacks Research raised DICK’S Sporting Goods from a “strong sell” rating to a “hold” rating in a research report on Monday, November 9th. Citigroup lowered their price target on DICK’S Sporting Goods from $280.00 to $190.00 and set a “buy” rating on the stock in a report on Thursday, August 27th. Telsey Advisory Group lowered DICK’S Sporting Goods from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $255.00 to $145.00 in a research report on Wednesday, August 26th. Barclays reduced their price objective on DICK’S Sporting Goods from $280.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, August 26th. Finally, Wall Street Zen upgraded DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a research report on Saturday, October 17th. Twelve analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $167.00.

DICK’S Sporting Goods Trading Up 2.6%

Shares of DKS stock traded up $3.78 during trading hours on Friday, reaching $149.44. 1,378,411 shares of the stock traded hands, compared to its average volume of 2,277,389. DICK’S Sporting Goods has a 1-year low of $120.15 and a 1-year high of $244.38. The business has a fifty day moving average price of $137.61 and a 200 day moving average price of $189.35. The company has a quick ratio of 0.36, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $13.29 billion, a PE ratio of 16.05, a PEG ratio of 2.77 and a beta of 1.09.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Tuesday, August 25th. The sporting goods retailer reported $3.53 EPS for the quarter, missing the consensus estimate of $3.74 by ($0.21). DICK’S Sporting Goods had a net margin of 3.97% and a return on equity of 19.21%. The firm had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.64 billion. During the same quarter last year, the company posted $4.38 EPS. The firm’s revenue was up 53.2% compared to the same quarter last year. DICK’S Sporting Goods has set its FY 2026 guidance at 11.000-12.000 EPS. On average, equities research analysts forecast that DICK’S Sporting Goods will post 11.67 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 3.3%. The ex-dividend date was Friday, September 11th. DICK’S Sporting Goods’s dividend payout ratio is currently 53.71%.

Insider Buying and Selling

In related news, insider Matthew Barnes bought 3,665 shares of the business’s stock in a transaction on Wednesday, September 30th. The stock was bought at an average price of $136.39 per share, for a total transaction of $499,869.35. Following the transaction, the insider directly owned 11,965 shares in the company, valued at $1,631,906.35. This represents a 44.16% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Larry Jr. Fitzgerald bought 1,860 shares of the firm’s stock in a transaction on Wednesday, September 23rd. The shares were bought at an average cost of $131.67 per share, with a total value of $244,906.20. Following the purchase, the director directly owned 15,199 shares in the company, valued at approximately $2,001,252.33. This trade represents a 13.94% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have bought 42,795 shares of company stock worth $5,588,641. Insiders own 28.91% of the company’s stock.

Institutional Trading of DICK’S Sporting Goods

A number of institutional investors have recently bought and sold shares of the company. Assetmark Inc. raised its position in DICK’S Sporting Goods by 2.2% in the 1st quarter. Assetmark Inc. now owns 2,887 shares of the sporting goods retailer’s stock worth $572,000 after purchasing an additional 63 shares during the last quarter. Versant Capital Management Inc lifted its holdings in DICK’S Sporting Goods by 34.3% during the 3rd quarter. Versant Capital Management Inc now owns 333 shares of the sporting goods retailer’s stock worth $45,000 after buying an additional 85 shares in the last quarter. Guardian Partners Inc. lifted its holdings in DICK’S Sporting Goods by 6.8% during the 1st quarter. Guardian Partners Inc. now owns 1,716 shares of the sporting goods retailer’s stock worth $340,000 after buying an additional 109 shares in the last quarter. Sage Private Wealth Group LLC lifted its holdings in DICK’S Sporting Goods by 6.0% during the 3rd quarter. Sage Private Wealth Group LLC now owns 1,980 shares of the sporting goods retailer’s stock worth $266,000 after buying an additional 112 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its position in DICK’S Sporting Goods by 1.5% in the 1st quarter. Pacer Advisors Inc. now owns 7,886 shares of the sporting goods retailer’s stock valued at $1,564,000 after buying an additional 119 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

About DICK’S Sporting Goods

DICK’S Sporting Goods, Inc. is a U.S. sporting goods retailer that sells equipment, apparel, footwear and accessories for a range of sports and outdoor activities. Customers can shop through its stores and e-commerce platforms, and the company also offers services such as golf club fitting and equipment repair at select locations. The company operates under several retail banners, including DICK’S Sporting Goods, Golf Galaxy, Public Lands and Going Going Gone!, as well as experiential DICK’S House of Sport locations.