DICK’S Sporting Goods (NYSE:DKS) Earns Hold Rating from Analysts at StockNews.com

Posted by on May 18th, 2023

Stock analysts at StockNews.com started coverage on shares of DICK’S Sporting Goods (NYSE:DKS – Get Rating) in a research report issued on Thursday. The firm set a “hold” rating on the sporting goods retailer’s stock.

A number of other equities research analysts have also issued reports on DKS. DA Davidson increased their price target on DICK’S Sporting Goods from $145.00 to $178.00 and gave the stock a “buy” rating in a research note on Wednesday, March 8th. Bank of America raised their price objective on shares of DICK’S Sporting Goods from $145.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, March 8th. Wedbush raised their target price on shares of DICK’S Sporting Goods from $140.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 8th. Telsey Advisory Group reissued an “outperform” rating and set a $165.00 price objective on shares of DICK’S Sporting Goods in a report on Friday, March 17th. Finally, Jefferies Financial Group began coverage on shares of DICK’S Sporting Goods in a research note on Tuesday, March 14th. They issued a “hold” rating and a $155.00 target price for the company. Ten investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $156.61.

DICK’S Sporting Goods Stock Up 3.1 %

DKS stock opened at $135.46 on Thursday. DICK’S Sporting Goods has a fifty-two week low of $63.45 and a fifty-two week high of $152.61. The business’s 50 day moving average price is $141.86 and its two-hundred day moving average price is $128.70. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.81 and a current ratio of 1.88. The company has a market capitalization of $11.60 billion, a price-to-earnings ratio of 12.58, a price-to-earnings-growth ratio of 1.91 and a beta of 1.44.

DICK’S Sporting Goods (NYSE:DKS – Get Rating) last released its quarterly earnings data on Tuesday, March 7th. The sporting goods retailer reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.07. The business had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.45 billion. DICK’S Sporting Goods had a return on equity of 45.97% and a net margin of 8.43%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm posted $3.64 EPS. As a group, analysts forecast that DICK’S Sporting Goods will post 13.5 earnings per share for the current fiscal year.

Insider Activity at DICK’S Sporting Goods

In other news, CEO Lauren R. Hobart sold 83,392 shares of DICK’S Sporting Goods stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of $145.21, for a total value of $12,109,352.32. Following the transaction, the chief executive officer now owns 233,269 shares of the company’s stock, valued at $33,872,991.49. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CFO Navdeep Gupta sold 19,203 shares of the firm’s stock in a transaction on Friday, March 24th. The shares were sold at an average price of $138.14, for a total value of $2,652,702.42. Following the sale, the chief financial officer now owns 104,884 shares in the company, valued at $14,488,675.76. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Lauren R. Hobart sold 83,392 shares of the firm’s stock in a transaction on Monday, March 13th. The stock was sold at an average price of $145.21, for a total transaction of $12,109,352.32. Following the completion of the sale, the chief executive officer now owns 233,269 shares in the company, valued at approximately $33,872,991.49. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 285,382 shares of company stock valued at $41,042,070. 30.79% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On DICK’S Sporting Goods

A number of institutional investors have recently bought and sold shares of DKS. Brown Brothers Harriman & Co. lifted its holdings in shares of DICK’S Sporting Goods by 196.7% during the first quarter. Brown Brothers Harriman & Co. now owns 178 shares of the sporting goods retailer’s stock valued at $25,000 after acquiring an additional 118 shares during the period. Heritage Wealth Management LLC lifted its holdings in shares of DICK’S Sporting Goods by 100.0% during the fourth quarter. Heritage Wealth Management LLC now owns 216 shares of the sporting goods retailer’s stock valued at $26,000 after acquiring an additional 108 shares during the period. Ridgewood Investments LLC bought a new position in shares of DICK’S Sporting Goods during the first quarter valued at $28,000. Fortis Capital Advisors LLC bought a new position in shares of DICK’S Sporting Goods during the first quarter valued at $28,000. Finally, Proficio Capital Partners LLC bought a new position in shares of DICK’S Sporting Goods during the first quarter valued at $29,000. Institutional investors and hedge funds own 75.08% of the company’s stock.

About DICK’S Sporting Goods

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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.

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Analyst Recommendations for DICK'S Sporting Goods (NYSE:DKS)

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