DICK’S Sporting Goods (NYSE:DKS) Raised to “Hold” at Wall Street Zen

DICK’S Sporting Goods (NYSE:DKS) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Sunday.

A number of other analysts have also recently weighed in on DKS. Wells Fargo & Company raised their price objective on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 26th. Barclays decreased their price objective on shares of DICK’S Sporting Goods from $246.00 to $242.00 and set an “overweight” rating for the company in a research note on Friday, November 28th. Telsey Advisory Group reduced their target price on DICK’S Sporting Goods from $255.00 to $245.00 and set an “outperform” rating for the company in a report on Wednesday, November 26th. The Goldman Sachs Group reissued a “buy” rating on shares of DICK’S Sporting Goods in a research report on Monday, January 5th. Finally, TD Cowen reaffirmed a “hold” rating on shares of DICK’S Sporting Goods in a research report on Wednesday, November 26th. Eleven research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, DICK’S Sporting Goods has an average rating of “Hold” and an average price target of $239.10.

DICK’S Sporting Goods Trading Down 1.5%

Shares of NYSE:DKS opened at $203.14 on Friday. The company has a market cap of $18.28 billion, a PE ratio of 16.34, a P/E/G ratio of 3.23 and a beta of 1.19. The company’s 50 day moving average is $210.75 and its two-hundred day moving average is $217.23. DICK’S Sporting Goods has a 52 week low of $166.37 and a 52 week high of $251.75. The company has a current ratio of 1.57, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Tuesday, November 25th. The sporting goods retailer reported $2.78 earnings per share for the quarter, beating analysts’ consensus estimates of $2.62 by $0.16. The company had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.45 billion. DICK’S Sporting Goods had a return on equity of 30.55% and a net margin of 6.86%.DICK’S Sporting Goods’s quarterly revenue was up 36.3% on a year-over-year basis. During the same period last year, the firm earned $2.75 earnings per share. DICK’S Sporting Goods has set its FY 2025 guidance at 14.250-14.550 EPS. Equities analysts predict that DICK’S Sporting Goods will post 13.89 earnings per share for the current fiscal year.

Institutional Trading of DICK’S Sporting Goods

Several hedge funds have recently modified their holdings of DKS. Clearstead Advisors LLC grew its holdings in DICK’S Sporting Goods by 46.9% during the third quarter. Clearstead Advisors LLC now owns 144 shares of the sporting goods retailer’s stock worth $32,000 after acquiring an additional 46 shares during the period. Root Financial Partners LLC acquired a new position in shares of DICK’S Sporting Goods during the 3rd quarter worth $33,000. Westside Investment Management Inc. grew its stake in shares of DICK’S Sporting Goods by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 152 shares of the sporting goods retailer’s stock worth $35,000 after purchasing an additional 76 shares during the period. Mather Group LLC. purchased a new position in shares of DICK’S Sporting Goods in the 3rd quarter valued at about $39,000. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of DICK’S Sporting Goods in the second quarter valued at about $40,000. 89.83% of the stock is 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.