DICK’S Sporting Goods, Inc. (NYSE:DKS) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) have been assigned a consensus rating of “Moderate Buy” from the twenty brokerages that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation, twelve have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $241.8947.

Several research firms recently commented on DKS. UBS Group reiterated a “buy” rating on shares of DICK’S Sporting Goods in a research report on Tuesday, March 3rd. Jefferies Financial Group reaffirmed a “hold” rating and issued a $210.00 target price on shares of DICK’S Sporting Goods in a report on Thursday, March 12th. Wells Fargo & Company lowered their price target on DICK’S Sporting Goods from $225.00 to $200.00 and set an “equal weight” rating on the stock in a report on Friday, March 13th. DA Davidson set a $260.00 price target on DICK’S Sporting Goods in a research report on Monday, January 12th. Finally, Barclays upped their price objective on DICK’S Sporting Goods from $242.00 to $264.00 and gave the company an “overweight” rating in a research note on Friday, March 13th.

Insider Buying and Selling at DICK’S Sporting Goods

In related news, Chairman Edward W. Stack sold 210,478 shares of DICK’S Sporting Goods stock in a transaction 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 directly owned 6,549,026 shares in the company, valued at $1,294,676,949.94. This trade represents a 3.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Julie Lodge-Jarrett sold 4,140 shares of the business’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $223.56, for a total transaction of $925,538.40. Following the completion of the transaction, the executive vice president directly owned 24,757 shares in the company, valued at $5,534,674.92. This represents a 14.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 28.91% of the stock is owned by company insiders.

Institutional Investors Weigh In On DICK’S Sporting Goods

Hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in shares of DICK’S Sporting Goods by 44.1% during the 3rd quarter. Principal Financial Group Inc. now owns 321,854 shares of the sporting goods retailer’s stock worth $71,525,000 after purchasing an additional 98,557 shares in the last quarter. Angelo Gordon & CO. L.P. purchased a new position in shares of DICK’S Sporting Goods in the 3rd quarter valued at about $8,640,000. Bank of New York Mellon Corp lifted its stake in shares of DICK’S Sporting Goods by 13.1% in the third quarter. Bank of New York Mellon Corp now owns 699,747 shares of the sporting goods retailer’s stock valued at $155,498,000 after purchasing an additional 81,239 shares during the period. National Pension Service lifted its stake in shares of DICK’S Sporting Goods by 28.3% in the third quarter. National Pension Service now owns 26,779 shares of the sporting goods retailer’s stock valued at $5,951,000 after purchasing an additional 5,914 shares during the period. Finally, American Century Companies Inc. boosted its holdings in DICK’S Sporting Goods by 139.4% during the third quarter. American Century Companies Inc. now owns 412,661 shares of the sporting goods retailer’s stock worth $91,702,000 after buying an additional 240,272 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Performance

Shares of DKS stock opened at $225.89 on Monday. The firm has a market cap of $20.11 billion, a price-to-earnings ratio of 22.10, a PEG ratio of 3.21 and a beta of 1.21. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.47 and a current ratio of 1.53. DICK’S Sporting Goods has a 1 year low of $167.03 and a 1 year high of $237.31. The stock’s 50-day moving average is $206.23 and its two-hundred day moving average is $209.91.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Thursday, March 12th. The sporting goods retailer reported $3.45 EPS for the quarter, topping the consensus estimate of $3.43 by $0.02. The company had revenue of $6.23 billion for the quarter, compared to analyst estimates of $6.06 billion. DICK’S Sporting Goods had a return on equity of 27.12% and a net margin of 4.93%.The firm’s revenue was up 59.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.62 earnings per share. 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 14.29 earnings per share for the current year.

DICK’S Sporting Goods Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, March 27th were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.2%. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.21. The ex-dividend date was Friday, March 27th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 48.92%.

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.