Telsey Advisory Group Reiterates “Outperform” Rating for DICK’S Sporting Goods (NYSE:DKS)

DICK’S Sporting Goods (NYSE:DKS)‘s stock had its “outperform” rating reissued by Telsey Advisory Group in a note issued to investors on Thursday,Benzinga reports. They currently have a $255.00 price objective on the sporting goods retailer’s stock. Telsey Advisory Group’s price objective indicates a potential upside of 12.76% from the stock’s current price. Telsey Advisory Group also issued estimates for DICK’S Sporting Goods’ Q2 2027 earnings at $4.67 EPS and Q3 2027 earnings at $3.07 EPS.

Several other analysts have also recently commented on the stock. Barclays lifted their price objective on shares of DICK’S Sporting Goods from $217.00 to $232.00 and gave the company an “overweight” rating in a research note on Thursday, May 29th. JPMorgan Chase & Co. lowered their price objective on shares of DICK’S Sporting Goods from $224.00 to $195.00 and set a “neutral” rating on the stock in a research report on Thursday, May 29th. TD Cowen downgraded shares of DICK’S Sporting Goods from a “buy” rating to a “hold” rating and set a $216.00 target price for the company. in a research note on Thursday, May 15th. Truist Financial set a $230.00 target price on DICK’S Sporting Goods in a research report on Wednesday, May 28th. Finally, Robert W. Baird dropped their price target on DICK’S Sporting Goods from $230.00 to $185.00 and set a “neutral” rating on the stock in a research report on Friday, May 16th. Nine investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $225.00.

DICK’S Sporting Goods Price Performance

Shares of NYSE:DKS opened at $226.14 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.47 and a current ratio of 1.62. The firm has a fifty day moving average price of $210.30 and a 200 day moving average price of $201.12. DICK’S Sporting Goods has a fifty-two week low of $166.37 and a fifty-two week high of $254.60. The firm has a market cap of $18.10 billion, a price-to-earnings ratio of 16.18, a P/E/G ratio of 3.32 and a beta of 1.07.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Thursday, August 28th. The sporting goods retailer reported $4.38 EPS for the quarter, beating the consensus estimate of $4.30 by $0.08. DICK’S Sporting Goods had a net margin of 8.49% and a return on equity of 38.06%. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter last year, the company earned $4.37 earnings per share. DICK’S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. As a group, sell-side analysts expect that DICK’S Sporting Goods will post 13.89 earnings per share for the current fiscal year.

Insider Activity at DICK’S Sporting Goods

In related news, EVP Navdeep Gupta sold 13,334 shares of DICK’S Sporting Goods stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $225.00, for a total transaction of $3,000,150.00. Following the completion of the sale, the executive vice president directly owned 74,444 shares of the company’s stock, valued at $16,749,900. The trade was a 15.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Elizabeth H. Baran sold 1,830 shares of the company’s stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $204.65, for a total value of $374,509.50. Following the sale, the senior vice president owned 12,465 shares in the company, valued at $2,550,962.25. The trade was a 12.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 69,200 shares of company stock valued at $14,462,923 over the last quarter. 32.55% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Wellington Management Group LLP raised its position in DICK’S Sporting Goods by 416.9% during the 1st quarter. Wellington Management Group LLP now owns 2,829,780 shares of the sporting goods retailer’s stock worth $570,370,000 after purchasing an additional 2,282,300 shares during the last quarter. Atreides Management LP acquired a new stake in shares of DICK’S Sporting Goods in the 2nd quarter valued at about $172,715,000. Norges Bank acquired a new stake in shares of DICK’S Sporting Goods in the 2nd quarter valued at about $136,483,000. Westfield Capital Management Co. LP grew its stake in shares of DICK’S Sporting Goods by 1,899.2% in the 1st quarter. Westfield Capital Management Co. LP now owns 630,566 shares of the sporting goods retailer’s stock valued at $127,097,000 after buying an additional 599,025 shares during the period. Finally, Browning West LP acquired a new stake in shares of DICK’S Sporting Goods in the 2nd quarter valued at about $115,719,000. 89.83% of the stock is currently owned by institutional investors.

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.