DICK’S Sporting Goods’ (DKS) “Buy” Rating Reaffirmed at DA Davidson

DICK’S Sporting Goods (NYSE:DKS)‘s stock had its “buy” rating reiterated by research analysts at DA Davidson in a note issued to investors on Wednesday,Benzinga reports. They currently have a $260.00 target price on the sporting goods retailer’s stock. DA Davidson’s target price would indicate a potential upside of 12.90% from the stock’s previous close.

Several other research analysts also recently issued reports on the stock. Wells Fargo & Company restated a “positive” rating on shares of DICK’S Sporting Goods in a report on Thursday, May 28th. Weiss Ratings lowered DICK’S Sporting Goods from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 5th. Telsey Advisory Group boosted their target price on DICK’S Sporting Goods from $240.00 to $255.00 and gave the stock an “outperform” rating in a report on Wednesday, May 20th. BTIG Research reiterated a “buy” rating and set a $300.00 price target on shares of DICK’S Sporting Goods in a research report on Thursday, May 28th. Finally, Morgan Stanley increased their price objective on DICK’S Sporting Goods from $250.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, DICK’S Sporting Goods has a consensus rating of “Moderate Buy” and an average target price of $254.71.

DICK’S Sporting Goods Stock Up 1.5%

Shares of DICK’S Sporting Goods stock traded up $3.49 during trading on Wednesday, hitting $230.30. 546,315 shares of the stock traded hands, compared to its average volume of 1,193,434. The stock has a market cap of $20.61 billion, a P/E ratio of 21.90, a PEG ratio of 2.03 and a beta of 1.19. The company has a fifty day moving average price of $224.42 and a two-hundred day moving average price of $211.55. DICK’S Sporting Goods has a twelve month low of $186.67 and a twelve month high of $244.38. 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 issued its quarterly earnings data on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.01). DICK’S Sporting Goods had a return on equity of 22.22% and a net margin of 4.71%.The business had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.07 billion. During the same quarter in the prior year, the company posted $3.37 earnings per share. The company’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. Equities research analysts predict that DICK’S Sporting Goods will post 14.23 EPS for the current fiscal year.

Insider Activity

In related news, EVP Julie Lodge-Jarrett sold 4,140 shares of the stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $223.56, for a total transaction of $925,538.40. Following the completion of the transaction, the executive vice president directly owned 24,757 shares in the company, valued at approximately $5,534,674.92. This trade represents a 14.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 28.91% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On DICK’S Sporting Goods

Several large investors have recently made changes to their positions in the stock. Harbor Investment Advisory LLC acquired a new stake in shares of DICK’S Sporting Goods in the first quarter valued at approximately $30,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of DICK’S Sporting Goods in the fourth quarter valued at approximately $30,000. Laurel Wealth Advisors LLC acquired a new position in shares of DICK’S Sporting Goods in the fourth quarter valued at approximately $34,000. Elyxium Wealth LLC bought a new position in shares of DICK’S Sporting Goods during the fourth quarter worth approximately $35,000. Finally, SHP Wealth Management acquired a new stake in DICK’S Sporting Goods during the 4th quarter worth approximately $38,000. 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.