DICK’S Sporting Goods (NYSE:DKS – Get Free Report) had its target price increased by equities research analysts at Telsey Advisory Group from $240.00 to $255.00 in a research note issued to investors on Wednesday. The firm presently has an “outperform” rating on the sporting goods retailer’s stock. Telsey Advisory Group’s price objective indicates a potential upside of 20.43% from the stock’s current price.
A number of other research firms have also commented on DKS. Morgan Stanley reduced their price objective on DICK’S Sporting Goods from $260.00 to $250.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th. Truist Financial reduced their price target on shares of DICK’S Sporting Goods from $275.00 to $252.00 and set a “buy” rating on the stock in a research report on Thursday, March 12th. Robert W. Baird set a $253.00 price objective on shares of DICK’S Sporting Goods in a report on Wednesday, February 11th. Jefferies Financial Group restated a “hold” rating and issued a $210.00 price objective on shares of DICK’S Sporting Goods in a research report on Thursday, March 12th. Finally, Barclays upped their target price on shares of DICK’S Sporting Goods from $242.00 to $264.00 and gave the stock an “overweight” rating in a research report on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $246.44.
Check Out Our Latest Stock Analysis on DICK’S Sporting Goods
DICK’S Sporting Goods Price Performance
DICK’S Sporting Goods (NYSE:DKS – Get Free Report) last posted its quarterly earnings data on Thursday, March 12th. The sporting goods retailer reported $3.45 earnings per share for the quarter, topping the consensus estimate of $3.43 by $0.02. The company had revenue of $6.23 billion during the quarter, compared to analyst estimates of $6.06 billion. DICK’S Sporting Goods had a net margin of 4.93% and a return on equity of 27.12%. The company’s revenue was up 59.9% on a year-over-year basis. During the same quarter last year, the business posted $3.62 earnings per share. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. On average, equities analysts anticipate that DICK’S Sporting Goods will post 14.29 EPS for the current fiscal year.
Insider Activity
In related news, Chairman Edward W. Stack sold 210,478 shares of the stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $197.69, for a total value of $41,609,395.82. Following the transaction, the chairman directly owned 6,549,026 shares in the company, valued at $1,294,676,949.94. This represents a 3.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Julie Lodge-Jarrett sold 4,140 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $223.56, for a total transaction of $925,538.40. Following the completion of the transaction, the executive vice president directly owned 24,757 shares in the company, valued at approximately $5,534,674.92. The trade was a 14.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 28.91% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in DKS. Bank of America Corp DE grew its stake in shares of DICK’S Sporting Goods by 5.8% during the first quarter. Bank of America Corp DE now owns 3,382,472 shares of the sporting goods retailer’s stock worth $670,710,000 after purchasing an additional 184,727 shares during the period. Kensington Investment Counsel LLC boosted its holdings in DICK’S Sporting Goods by 8.6% during the first quarter. Kensington Investment Counsel LLC now owns 5,166 shares of the sporting goods retailer’s stock worth $1,024,000 after buying an additional 407 shares during the last quarter. Arkadios Wealth Advisors boosted its holdings in DICK’S Sporting Goods by 1.6% during the first quarter. Arkadios Wealth Advisors now owns 13,428 shares of the sporting goods retailer’s stock worth $2,663,000 after buying an additional 207 shares during the last quarter. Guardian Partners Inc. grew its position in shares of DICK’S Sporting Goods by 6.8% during the 1st quarter. Guardian Partners Inc. now owns 1,716 shares of the sporting goods retailer’s stock worth $340,000 after buying an additional 109 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in shares of DICK’S Sporting Goods by 2.1% in the 1st quarter. The Manufacturers Life Insurance Company now owns 50,084 shares of the sporting goods retailer’s stock valued at $9,931,000 after acquiring an additional 1,012 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors.
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.
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