Telsey Advisory Group Has Strong Outlook for DKS Q2 Earnings

DICK’S Sporting Goods, Inc. (NYSE:DKS) – Equities researchers at Telsey Advisory Group lifted their Q2 2027 EPS estimates for DICK’S Sporting Goods in a research report issued to clients and investors on Friday, August 22nd. Telsey Advisory Group analyst J. Feldman now expects that the sporting goods retailer will earn $4.67 per share for the quarter, up from their previous estimate of $4.60. The consensus estimate for DICK’S Sporting Goods’ current full-year earnings is $13.89 per share. Telsey Advisory Group also issued estimates for DICK’S Sporting Goods’ Q3 2027 earnings at $3.07 EPS.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 EPS for the quarter, meeting analysts’ consensus estimates of $3.37. The firm had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.12 billion. DICK’S Sporting Goods had a net margin of 8.49% and a return on equity of 38.06%.

Other analysts have also recently issued research reports about the stock. Gordon Haskett upgraded shares of DICK’S Sporting Goods from a “reduce” rating to a “hold” rating in a research note on Friday, July 25th. TD Cowen cut shares of DICK’S Sporting Goods from a “buy” rating to a “hold” rating and set a $216.00 price target for the company. in a research note on Thursday, May 15th. UBS Group cut their price target on shares of DICK’S Sporting Goods from $260.00 to $225.00 and set a “buy” rating for the company in a research note on Thursday, May 29th. Barclays increased their price target on shares of DICK’S Sporting Goods from $217.00 to $232.00 and gave the company an “overweight” rating in a research note on Thursday, May 29th. Finally, Truist Financial set a $230.00 price target on shares of DICK’S Sporting Goods in a research note on Wednesday, May 28th. Nine analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, DICK’S Sporting Goods currently has a consensus rating of “Hold” and a consensus price target of $223.33.

DICK’S Sporting Goods Stock Performance

Shares of DKS stock opened at $226.80 on Monday. The stock has a market cap of $18.16 billion, a P/E ratio of 16.22, a P/E/G ratio of 3.33 and a beta of 1.07. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.62 and a quick ratio of 0.47. The company has a fifty day moving average price of $209.26 and a two-hundred day moving average price of $200.95. DICK’S Sporting Goods has a one year low of $166.37 and a one year high of $254.60.

DICK’S Sporting Goods Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were given a dividend of $1.2125 per share. This represents a $4.85 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Friday, June 13th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 34.69%.

Insider Buying and Selling at DICK’S Sporting Goods

In related news, CEO Lauren R. Hobart sold 40,166 shares of the firm’s stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $204.58, for a total transaction of $8,217,160.28. Following the transaction, the chief executive officer directly owned 299,990 shares of the company’s stock, valued at approximately $61,371,954.20. This trade represents a 11.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Julie Lodge-Jarrett sold 3,541 shares of the firm’s stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $187.00, for a total transaction of $662,167.00. Following the transaction, the executive vice president directly owned 19,165 shares in the company, valued at approximately $3,583,855. This represents a 15.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 69,200 shares of company stock valued at $14,462,923 in the last quarter. Company insiders own 32.55% of the company’s stock.

Hedge Funds Weigh In On DICK’S Sporting Goods

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in DICK’S Sporting Goods by 8.8% in the 1st quarter. Vanguard Group Inc. now owns 5,850,223 shares of the sporting goods retailer’s stock valued at $1,179,171,000 after buying an additional 471,217 shares during the period. Wellington Management Group LLP increased its holdings in DICK’S Sporting Goods by 416.9% in the 1st quarter. Wellington Management Group LLP now owns 2,829,780 shares of the sporting goods retailer’s stock valued at $570,370,000 after buying an additional 2,282,300 shares during the period. Dimensional Fund Advisors LP increased its holdings in DICK’S Sporting Goods by 2.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 899,154 shares of the sporting goods retailer’s stock valued at $181,225,000 after buying an additional 17,534 shares during the period. Atreides Management LP bought a new position in DICK’S Sporting Goods in the 2nd quarter valued at about $172,715,000. Finally, Invesco Ltd. increased its holdings in DICK’S Sporting Goods by 36.2% in the 1st quarter. Invesco Ltd. now owns 808,313 shares of the sporting goods retailer’s stock valued at $162,924,000 after buying an additional 214,718 shares during the period. 89.83% of the stock is owned by institutional investors.

About DICK’S Sporting Goods

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.