DICK’S Sporting Goods (NYSE:DKS) Reaches New 12-Month Low – Should You Sell?

DICK’S Sporting Goods, Inc. (NYSE:DKS) reached a new 52-week low on Thursday . The company traded as low as $184.14 and last traded at $183.39, with a volume of 169096 shares. The stock had previously closed at $191.29.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on DKS shares. Jefferies Financial Group upped their price objective on DICK’S Sporting Goods from $210.00 to $224.00 and gave the company a “hold” rating in a research report on Wednesday, May 27th. Wells Fargo & Company upgraded DICK’S Sporting Goods from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $220.00 to $240.00 in a research report on Monday, August 10th. Weiss Ratings downgraded shares of DICK’S Sporting Goods from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 5th. The Goldman Sachs Group reissued a “buy” rating on shares of DICK’S Sporting Goods in a research note on Monday, August 3rd. Finally, UBS Group upgraded shares of DICK’S Sporting Goods from a “buy” rating to a “positive” rating in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, DICK’S Sporting Goods has an average rating of “Moderate Buy” and an average target price of $258.44.

DICK’S Sporting Goods Trading Up 2.2%

The business has a fifty day moving average price of $213.93 and a 200 day moving average price of $211.35. The company has a market capitalization of $16.40 billion, a PE ratio of 17.42, a P/E/G ratio of 1.56 and a beta of 1.21. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.38 and a current ratio of 1.50.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share 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 firm had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.07 billion. During the same period in the prior year, the firm earned $3.37 earnings per share. The business’s revenue for the quarter 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. Analysts expect that DICK’S Sporting Goods, Inc. will post 14.24 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Friday, June 12th. DICK’S Sporting Goods’s payout ratio is 47.53%.

Institutional Investors Weigh In On DICK’S Sporting Goods

Several large investors have recently made changes to their positions in the business. Brown Advisory Inc. lifted its holdings in shares of DICK’S Sporting Goods by 9.6% during the 2nd quarter. Brown Advisory Inc. now owns 1,143 shares of the sporting goods retailer’s stock valued at $226,000 after acquiring an additional 100 shares in the last quarter. Cerity Partners LLC increased its holdings in DICK’S Sporting Goods by 54.1% in the 2nd quarter. Cerity Partners LLC now owns 1,600 shares of the sporting goods retailer’s stock valued at $316,000 after purchasing an additional 562 shares in the last quarter. Bank of Nova Scotia acquired a new stake in DICK’S Sporting Goods in the 2nd quarter valued at $417,000. Daiwa Securities Group Inc. increased its holdings in DICK’S Sporting Goods by 9.8% in the 2nd quarter. Daiwa Securities Group Inc. now owns 5,974 shares of the sporting goods retailer’s stock valued at $1,182,000 after purchasing an additional 531 shares in the last quarter. Finally, NewEdge Advisors LLC raised its position in DICK’S Sporting Goods by 4.4% in the second quarter. NewEdge Advisors LLC now owns 2,951 shares of the sporting goods retailer’s stock valued at $584,000 after purchasing an additional 124 shares during the period. Institutional investors and hedge funds own 89.83% of the company’s stock.

DICK’S Sporting Goods Company Profile

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.