DICK’S Sporting Goods (NYSE:DKS) Shares Gap Up – Should You Buy?

DICK’S Sporting Goods, Inc. (NYSE:DKS) shares gapped up before the market opened on Monday . The stock had previously closed at $206.23, but opened at $213.27. DICK’S Sporting Goods shares last traded at $208.43, with a volume of 219,720 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Wells Fargo & Company lifted their price target on DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 26th. DA Davidson set a $260.00 price objective on shares of DICK’S Sporting Goods in a research note on Monday, January 12th. Barclays cut their target price on shares of DICK’S Sporting Goods from $246.00 to $242.00 and set an “overweight” rating on the stock in a research note on Friday, November 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of DICK’S Sporting Goods in a research report on Monday, December 29th. Finally, Wall Street Zen raised DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a research report on Sunday, January 25th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $238.37.

DICK’S Sporting Goods Trading Up 1.5%

The firm has a market capitalization of $18.83 billion, a PE ratio of 16.84, a price-to-earnings-growth ratio of 2.80 and a beta of 1.23. The company has a fifty day moving average of $207.17 and a 200-day moving average of $216.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 0.37.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data 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. DICK’S Sporting Goods had a net margin of 6.86% and a return on equity of 30.55%. The business had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $4.45 billion. During the same period in the previous year, the company earned $2.75 earnings per share. DICK’S Sporting Goods’s revenue for the quarter was up 36.3% on a year-over-year basis. DICK’S Sporting Goods has set its FY 2025 guidance at 14.250-14.550 EPS. On average, sell-side analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

Institutional Trading of DICK’S Sporting Goods

Several hedge funds have recently added to or reduced their stakes in DKS. Virtu Financial LLC bought a new position in DICK’S Sporting Goods in the 4th quarter worth approximately $423,000. MV Capital Management Inc. bought a new position in shares of DICK’S Sporting Goods during the 4th quarter worth about $79,000. Invesco Ltd. raised its position in shares of DICK’S Sporting Goods by 28.0% during the fourth quarter. Invesco Ltd. now owns 186,880 shares of the sporting goods retailer’s stock valued at $36,997,000 after buying an additional 40,833 shares during the last quarter. Corient Private Wealth LLC lifted its stake in shares of DICK’S Sporting Goods by 400.1% in the fourth quarter. Corient Private Wealth LLC now owns 33,681 shares of the sporting goods retailer’s stock valued at $6,668,000 after buying an additional 26,946 shares during the period. Finally, Raymond James Financial Inc. raised its holdings in shares of DICK’S Sporting Goods by 11.7% in the 4th quarter. Raymond James Financial Inc. now owns 717,732 shares of the sporting goods retailer’s stock worth $142,373,000 after buying an additional 75,140 shares in the last quarter. 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.