DICK’S Sporting Goods (NYSE:DKS) Price Target Lowered to $245.00 at JPMorgan Chase & Co.

DICK’S Sporting Goods (NYSE:DKS) had its price target reduced by analysts at JPMorgan Chase & Co. from $270.00 to $245.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the sporting goods retailer’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 33.32% from the company’s current price.

Other equities analysts have also issued reports about the company. UBS Group raised DICK’S Sporting Goods from a “buy” rating to a “positive” rating in a report on Monday, August 10th. BTIG Research restated a “buy” rating and set a $300.00 price objective on shares of DICK’S Sporting Goods in a research note on Thursday, May 28th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of DICK’S Sporting Goods in a research report on Monday, August 3rd. Jefferies Financial Group raised their target price on DICK’S Sporting Goods from $210.00 to $224.00 and gave the company a “hold” rating in a research note on Wednesday, May 27th. Finally, Telsey Advisory Group upped their price target on shares of DICK’S Sporting Goods from $240.00 to $255.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, DICK’S Sporting Goods has an average rating of “Moderate Buy” and a consensus target price of $256.88.

DICK’S Sporting Goods Stock Performance

Shares of NYSE:DKS traded up $0.55 on Monday, reaching $183.78. 214,337 shares of the company’s stock were exchanged, compared to its average volume of 1,226,412. The business’s 50-day moving average is $213.93 and its two-hundred day moving average is $211.41. The company has a quick ratio of 0.38, a current ratio of 1.50 and a debt-to-equity ratio of 0.34. DICK’S Sporting Goods has a fifty-two week low of $176.07 and a fifty-two week high of $244.38. The firm has a market capitalization of $16.45 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 1.60 and a beta of 1.21.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 EPS for the quarter, missing the consensus estimate of $2.91 by ($0.01). DICK’S Sporting Goods had a net margin of 4.71% and a return on equity of 22.22%. The business had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.07 billion. During the same period last year, the firm posted $3.37 earnings per share. The company’s quarterly revenue was up 62.7% on a year-over-year basis. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. As a group, equities research analysts forecast that DICK’S Sporting Goods will post 14.24 EPS for the current year.

Institutional Investors Weigh In On DICK’S Sporting Goods

Several institutional investors and hedge funds have recently added to or reduced their stakes in DKS. Lido Advisors LLC lifted its stake in DICK’S Sporting Goods by 3.9% in the third quarter. Lido Advisors LLC now owns 1,358 shares of the sporting goods retailer’s stock valued at $302,000 after buying an additional 51 shares during the last quarter. Jacobi Capital Management LLC grew its position in shares of DICK’S Sporting Goods by 4.5% during the fourth quarter. Jacobi Capital Management LLC now owns 1,189 shares of the sporting goods retailer’s stock worth $235,000 after acquiring an additional 51 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its position in shares of DICK’S Sporting Goods by 2.4% during the first quarter. Fifth Third Wealth Advisors LLC now owns 2,284 shares of the sporting goods retailer’s stock worth $453,000 after acquiring an additional 54 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of DICK’S Sporting Goods by 5.9% in the 4th quarter. Parallel Advisors LLC now owns 980 shares of the sporting goods retailer’s stock worth $194,000 after acquiring an additional 55 shares during the period. Finally, PCB Capital LLC increased its holdings in shares of DICK’S Sporting Goods by 1.5% in the 1st quarter. PCB Capital LLC now owns 3,607 shares of the sporting goods retailer’s stock worth $715,000 after acquiring an additional 55 shares during the period. 89.83% of the stock is currently owned by institutional investors and hedge funds.

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.