DICK’S Sporting Goods (NYSE:DKS) Now Covered by BTIG Research

BTIG Research assumed coverage on shares of DICK’S Sporting Goods (NYSE:DKS) in a research report report published on Thursday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $300.00 target price on the sporting goods retailer’s stock.

A number of other research firms have also recently weighed in on DKS. Telsey Advisory Group reiterated an “outperform” rating and set a $245.00 price target on shares of DICK’S Sporting Goods in a report on Monday, March 9th. Morgan Stanley decreased their price target on DICK’S Sporting Goods from $260.00 to $250.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th. Wall Street Zen upgraded DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a report on Sunday, January 25th. Weiss Ratings reissued a “hold (c+)” rating on shares of DICK’S Sporting Goods in a research report on Friday, March 27th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $210.00 target price on shares of DICK’S Sporting Goods in a report on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $241.89.

DICK’S Sporting Goods Price Performance

Shares of NYSE DKS traded up $9.04 during trading on Thursday, hitting $226.90. The company had a trading volume of 92,234 shares, compared to its average volume of 1,191,704. The company has a quick ratio of 0.47, a current ratio of 1.53 and a debt-to-equity ratio of 0.34. DICK’S Sporting Goods has a fifty-two week low of $167.03 and a fifty-two week high of $237.31. The firm has a market capitalization of $20.20 billion, a price-to-earnings ratio of 22.20, a price-to-earnings-growth ratio of 3.07 and a beta of 1.21. The stock has a fifty day simple moving average of $200.82 and a two-hundred day simple moving average of $210.31.

DICK’S Sporting Goods (NYSE:DKS) last issued 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 firm had revenue of $6.23 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 59.9% on a year-over-year basis. During the same period in the previous year, the business earned $3.62 earnings per share. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. On average, research analysts expect that DICK’S Sporting Goods will post 13.89 earnings per share for the current year.

DICK’S Sporting Goods Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Friday, March 27th were paid a $1.25 dividend. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $1.21. This represents a $5.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Friday, March 27th. DICK’S Sporting Goods’s payout ratio is presently 48.92%.

Insider Activity at DICK’S Sporting Goods

In other news, Chairman Edward W. Stack sold 210,478 shares of the firm’s 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 sale, the chairman directly owned 6,549,026 shares in the company, valued at approximately $1,294,676,949.94. This trade represents a 3.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 32.55% of the company’s stock.

Hedge Funds Weigh In On DICK’S Sporting Goods

Several large investors have recently bought and sold shares of DKS. Principal Financial Group Inc. increased its stake in DICK’S Sporting Goods by 44.1% in the third quarter. Principal Financial Group Inc. now owns 321,854 shares of the sporting goods retailer’s stock valued at $71,525,000 after purchasing an additional 98,557 shares during 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 $8,640,000. Bank of New York Mellon Corp lifted its position in 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 acquiring an additional 81,239 shares during the last quarter. National Pension Service lifted its position in 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 acquiring an additional 5,914 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of 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 purchasing an additional 240,272 shares during the last quarter. Hedge funds and other institutional investors 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.