DICK’S Sporting Goods’ (DKS) Buy Rating Reiterated at DA Davidson

DA Davidson restated their buy rating on shares of DICK’S Sporting Goods (NYSE:DKS) in a research note published on Monday,Benzinga reports. DA Davidson currently has a $260.00 price objective on the sporting goods retailer’s stock.

Several other equities research analysts have also recently weighed in on the stock. The Goldman Sachs Group reiterated a “buy” rating on shares of DICK’S Sporting Goods in a research note on Monday, August 3rd. JPMorgan Chase & Co. upgraded DICK’S Sporting Goods from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $240.00 to $270.00 in a research note on Thursday, May 28th. UBS Group raised DICK’S Sporting Goods from a “buy” rating to a “positive” rating in a report on Monday, August 10th. BTIG Research reiterated a “buy” rating and issued a $300.00 price objective on shares of DICK’S Sporting Goods in a research report on Thursday, May 28th. Finally, Jefferies Financial Group lifted their price objective on DICK’S Sporting Goods from $210.00 to $224.00 and gave the stock a “hold” rating in a report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, DICK’S Sporting Goods has a consensus rating of “Moderate Buy” and a consensus target price of $258.44.

DICK’S Sporting Goods Price Performance

NYSE:DKS opened at $191.20 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.50 and a quick ratio of 0.38. DICK’S Sporting Goods has a one year low of $186.67 and a one year high of $244.38. The company has a fifty day moving average price of $215.57 and a 200 day moving average price of $211.71. The stock has a market cap of $17.11 billion, a P/E ratio of 18.17, a PEG ratio of 1.67 and a beta of 1.21.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.07 billion. During the same quarter in the prior year, the business 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 anticipate that DICK’S Sporting Goods will post 14.23 earnings per share for the current year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were paid a $1.25 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $5.00 dividend on an annualized basis and a yield of 2.6%. DICK’S Sporting Goods’s payout ratio is presently 47.53%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. boosted its holdings in DICK’S Sporting Goods by 73.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 11,773 shares of the sporting goods retailer’s stock valued at $2,670,000 after purchasing an additional 4,968 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of DICK’S Sporting Goods by 5.9% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 369,928 shares of the sporting goods retailer’s stock valued at $83,903,000 after purchasing an additional 20,503 shares during the period. Hsbc Holdings PLC raised its holdings in shares of DICK’S Sporting Goods by 5.7% in the 2nd quarter. Hsbc Holdings PLC now owns 45,241 shares of the sporting goods retailer’s stock worth $10,271,000 after buying an additional 2,434 shares in the last quarter. Kingsview Wealth Management LLC acquired a new position in shares of DICK’S Sporting Goods in the 2nd quarter worth approximately $595,000. Finally, Beacon Pointe Advisors LLC bought a new position in shares of DICK’S Sporting Goods during the 2nd quarter worth approximately $410,000. 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.