DICK’S Sporting Goods (NYSE:DKS) Price Target Cut to $226.00 by Analysts at TD Cowen

DICK’S Sporting Goods (NYSE:DKS) had its price objective lowered by TD Cowen from $234.00 to $226.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The brokerage currently has a hold rating on the sporting goods retailer’s stock.

DKS has been the subject of several other reports. Truist Financial lifted their price objective on DICK’S Sporting Goods from $248.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. Weiss Ratings upgraded DICK’S Sporting Goods from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. Oppenheimer reissued an “outperform” rating and issued a $270.00 price target on shares of DICK’S Sporting Goods in a research note on Friday, August 29th. UBS Group increased their price target on DICK’S Sporting Goods from $225.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Finally, Morgan Stanley lifted their price objective on shares of DICK’S Sporting Goods from $232.00 to $253.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. Twelve analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $235.29.

DICK’S Sporting Goods Stock Up 0.3%

Shares of NYSE DKS opened at $207.34 on Wednesday. The company’s 50 day moving average price is $221.95 and its 200-day moving average price is $209.76. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.55 and a current ratio of 1.70. DICK’S Sporting Goods has a 52-week low of $166.37 and a 52-week high of $254.60. The company has a market capitalization of $16.61 billion, a P/E ratio of 14.48, a price-to-earnings-growth ratio of 3.23 and a beta of 1.05.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Tuesday, November 25th. The sporting goods retailer reported $2.78 earnings per share for the quarter, topping analysts’ consensus estimates of $2.62 by $0.16. The business had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.45 billion. DICK’S Sporting Goods had a net margin of 8.52% and a return on equity of 36.54%. DICK’S Sporting Goods’s quarterly revenue was up 36.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.75 earnings per share. DICK’S Sporting Goods has set its FY 2025 guidance at 14.250-14.550 EPS. Equities analysts forecast that DICK’S Sporting Goods will post 13.89 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Friday, December 12th will be issued a dividend of $1.2125 per share. The ex-dividend date is Friday, December 12th. This represents a $4.85 annualized dividend and a dividend yield of 2.3%. DICK’S Sporting Goods’s payout ratio is currently 39.02%.

Insider Buying and Selling at DICK’S Sporting Goods

In other news, CEO Lauren R. Hobart sold 20,083 shares of the company’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $220.69, for a total transaction of $4,432,117.27. Following the transaction, the chief executive officer directly owned 299,990 shares of the company’s stock, valued at $66,204,793.10. This represents a 6.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 32.55% of the stock is owned by insiders.

Institutional Trading of DICK’S Sporting Goods

A number of hedge funds and other institutional investors have recently bought and sold shares of DKS. Vanguard Group Inc. lifted its stake in shares of DICK’S Sporting Goods by 17.8% in the third quarter. Vanguard Group Inc. now owns 6,719,011 shares of the sporting goods retailer’s stock valued at $1,493,099,000 after buying an additional 1,015,599 shares in the last quarter. Wellington Management Group LLP lifted its position in DICK’S Sporting Goods by 83.9% in the 3rd quarter. Wellington Management Group LLP now owns 6,606,860 shares of the sporting goods retailer’s stock valued at $1,468,176,000 after acquiring an additional 3,013,850 shares in the last quarter. Bank of America Corp DE lifted its position in DICK’S Sporting Goods by 588.1% in the 3rd quarter. Bank of America Corp DE now owns 3,545,944 shares of the sporting goods retailer’s stock valued at $787,980,000 after acquiring an additional 3,030,642 shares in the last quarter. State Street Corp boosted its stake in DICK’S Sporting Goods by 17.7% during 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 purchasing an additional 391,694 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in DICK’S Sporting Goods by 58.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,423,102 shares of the sporting goods retailer’s stock worth $316,224,000 after purchasing an additional 523,809 shares in the last quarter. Institutional investors own 89.83% of the company’s stock.

About DICK’S Sporting Goods

DICK’s Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.