TD Cowen Lowers DICK’S Sporting Goods (NYSE:DKS) Price Target to $226.00

DICK’S Sporting Goods (NYSE:DKS) had its price target decreased by TD Cowen from $234.00 to $226.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the sporting goods retailer’s stock. TD Cowen’s target price points to a potential upside of 7.81% from the company’s previous close.

DKS has been the subject of a number of other reports. Telsey Advisory Group cut their price target on DICK’S Sporting Goods from $255.00 to $245.00 and set an “outperform” rating for the company in a report on Wednesday. Morgan Stanley increased their target price on shares of DICK’S Sporting Goods from $232.00 to $253.00 and gave the stock an “overweight” rating in a research report on Friday, August 29th. Truist Financial increased their target price on DICK’S Sporting Goods from $248.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Oppenheimer restated an “outperform” rating and issued a $270.00 price objective on shares of DICK’S Sporting Goods in a research report on Friday, August 29th. Finally, The Goldman Sachs Group assumed coverage on shares of DICK’S Sporting Goods in a research report on Tuesday, September 23rd. They set a “buy” rating and a $274.00 target price on the stock. Twelve research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $233.33.

DICK’S Sporting Goods Trading Up 1.4%

Shares of DKS traded up $2.90 during midday trading on Wednesday, hitting $209.63. The stock had a trading volume of 1,210,535 shares, compared to its average volume of 1,506,269. The business has a 50-day simple moving average of $222.27 and a two-hundred day simple moving average of $209.77. The company has a current ratio of 1.70, a quick ratio of 0.55 and a debt-to-equity ratio of 0.44. DICK’S Sporting Goods has a fifty-two week low of $166.37 and a fifty-two week high of $254.60. The firm has a market cap of $16.79 billion, a P/E ratio of 14.66, a price-to-earnings-growth ratio of 3.23 and a beta of 1.05.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, November 25th. The sporting goods retailer reported $2.78 EPS for the quarter, beating analysts’ consensus estimates of $2.62 by $0.16. DICK’S Sporting Goods had a return on equity of 36.54% and a net margin of 8.52%.The firm had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.45 billion. During the same quarter in the previous year, the company posted $2.75 earnings per share. The business’s quarterly revenue was up 36.3% compared to the same quarter last year. DICK’S Sporting Goods has set its FY 2025 guidance at 14.250-14.550 EPS. As a group, equities analysts forecast that DICK’S Sporting Goods will post 13.89 EPS for the current year.

Insider Activity

In other news, CEO Lauren R. Hobart sold 20,083 shares of the firm’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $220.69, for a total transaction of $4,432,117.27. Following the sale, the chief executive officer directly owned 299,990 shares in the company, valued at $66,204,793.10. This trade represents a 6.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 32.55% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On DICK’S Sporting Goods

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Private Advisor Group LLC grew its position in shares of DICK’S Sporting Goods by 4.4% during the first quarter. Private Advisor Group LLC now owns 1,449 shares of the sporting goods retailer’s stock worth $292,000 after purchasing an additional 61 shares in the last quarter. Avantax Advisory Services Inc. boosted its stake in DICK’S Sporting Goods by 14.4% in the 1st quarter. Avantax Advisory Services Inc. now owns 3,472 shares of the sporting goods retailer’s stock worth $700,000 after purchasing an additional 438 shares during the period. Assetmark Inc. grew its holdings in DICK’S Sporting Goods by 17.1% during the 1st quarter. Assetmark Inc. now owns 2,518 shares of the sporting goods retailer’s stock valued at $508,000 after buying an additional 367 shares in the last quarter. HB Wealth Management LLC raised its position in shares of DICK’S Sporting Goods by 14.5% during the first quarter. HB Wealth Management LLC now owns 1,588 shares of the sporting goods retailer’s stock valued at $320,000 after buying an additional 201 shares during the last quarter. Finally, TD Asset Management Inc lifted its holdings in shares of DICK’S Sporting Goods by 1.6% in the first quarter. TD Asset Management Inc now owns 6,555 shares of the sporting goods retailer’s stock worth $1,321,000 after buying an additional 105 shares in the last quarter. 89.83% of the stock is owned by institutional investors.

DICK’S Sporting Goods Company Profile

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.