Brokerages Set DICK’S Sporting Goods, Inc. (NYSE:DKS) Target Price at $236.21

Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) have received an average rating of “Moderate Buy” from the nineteen research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $238.6667.

DKS has been the topic of a number of recent analyst reports. UBS Group restated a “buy” rating on shares of DICK’S Sporting Goods in a research note on Tuesday, March 3rd. The Goldman Sachs Group reiterated a “buy” rating on shares of DICK’S Sporting Goods in a report on Monday, January 5th. Telsey Advisory Group reiterated an “outperform” rating and issued a $245.00 price target on shares of DICK’S Sporting Goods in a report on Monday, March 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of DICK’S Sporting Goods in a report on Friday, March 27th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $210.00 price target on shares of DICK’S Sporting Goods in a report on Thursday, March 12th.

DICK’S Sporting Goods Trading Down 0.9%

Shares of DICK’S Sporting Goods stock opened at $210.48 on Thursday. The company has a current ratio of 1.53, a quick ratio of 0.47 and a debt-to-equity ratio of 0.34. DICK’S Sporting Goods has a 12-month low of $167.03 and a 12-month high of $237.31. The firm has a market capitalization of $18.74 billion, a price-to-earnings ratio of 20.59, a PEG ratio of 3.02 and a beta of 1.21. The firm’s 50 day simple moving average is $200.17 and its two-hundred day simple moving average is $210.29.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Thursday, March 12th. The sporting goods retailer reported $3.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. DICK’S Sporting Goods had a net margin of 4.93% and a return on equity of 27.12%. The business had revenue of $6.23 billion for the quarter, compared to analyst estimates of $6.06 billion. During the same quarter in the prior year, the business posted $3.62 EPS. DICK’S Sporting Goods’s revenue for the quarter was up 59.9% compared to the same quarter last year. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. Analysts predict that DICK’S Sporting Goods will post 13.89 EPS for the current year.

DICK’S Sporting Goods Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Friday, March 27th were issued a $1.25 dividend. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.21. The ex-dividend date was Friday, March 27th. This represents a $5.00 annualized dividend and a yield of 2.4%. DICK’S Sporting Goods’s dividend payout ratio is currently 48.92%.

Insiders Place Their Bets

In related news, Chairman Edward W. Stack sold 210,478 shares of the stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $197.69, for a total value of $41,609,395.82. Following the transaction, the chairman owned 6,549,026 shares in the company, valued at approximately $1,294,676,949.94. This represents a 3.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 32.55% of the company’s stock.

Hedge Funds Weigh In On DICK’S Sporting Goods

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of DICK’S Sporting Goods during the 4th quarter worth approximately $30,000. Clearstead Advisors LLC grew its stake in shares of DICK’S Sporting Goods by 46.9% during 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 period. Root Financial Partners LLC acquired a new stake in shares of DICK’S Sporting Goods during the 3rd quarter worth approximately $33,000. Laurel Wealth Advisors LLC acquired a new stake in shares of DICK’S Sporting Goods during the 4th quarter worth approximately $34,000. Finally, Westside Investment Management Inc. grew its stake in shares of DICK’S Sporting Goods by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 152 shares of the sporting goods retailer’s stock worth $35,000 after purchasing an additional 76 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.