DICK’S Sporting Goods (NYSE:DKS) Hits New 1-Year Low – What’s Next?

DICK’S Sporting Goods, Inc. (NYSE:DKSGet Free Report)’s share price hit a new 52-week low on Thursday . The company traded as low as $184.14 and last traded at $183.39, with a volume of 169096 shares. The stock had previously closed at $191.29.

Wall Street Analyst Weigh In

Several research analysts have commented on DKS shares. DA Davidson reissued a “buy” rating and issued a $260.00 price objective on shares of DICK’S Sporting Goods in a research report on Monday. Morgan Stanley increased their target price on DICK’S Sporting Goods from $250.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Weiss Ratings downgraded DICK’S Sporting Goods from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 5th. JPMorgan Chase & Co. raised DICK’S Sporting Goods from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $240.00 to $270.00 in a research report on Thursday, May 28th. Finally, Wells Fargo & Company upgraded DICK’S Sporting Goods from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $220.00 to $240.00 in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $258.44.

Get Our Latest Stock Report on DKS

DICK’S Sporting Goods Stock Performance

The firm has a market cap of $16.21 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 1.67 and a beta of 1.21. The company has a quick ratio of 0.38, a current ratio of 1.50 and a debt-to-equity ratio of 0.34. The company has a 50 day moving average of $215.57 and a 200 day moving average of $211.71.

DICK’S Sporting Goods (NYSE:DKSGet Free Report) last posted its quarterly earnings data 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 business had revenue of $5.16 billion for the quarter, compared to analysts’ expectations of $5.07 billion. During the same quarter in the prior year, the firm earned $3.37 earnings per share. DICK’S Sporting Goods’s revenue for the quarter was up 62.7% compared to the same quarter last year. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. As a group, equities research analysts expect that DICK’S Sporting Goods, Inc. will post 14.23 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Friday, June 12th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 47.53%.

Institutional Trading of DICK’S Sporting Goods

Institutional investors and hedge funds have recently bought and sold shares of the company. Jacobi Capital Management LLC lifted its stake in DICK’S Sporting Goods by 4.5% during the fourth quarter. Jacobi Capital Management LLC now owns 1,189 shares of the sporting goods retailer’s stock worth $235,000 after purchasing an additional 51 shares during the last quarter. Lido Advisors LLC raised its holdings in shares of DICK’S Sporting Goods by 3.9% during the third quarter. Lido Advisors LLC now owns 1,358 shares of the sporting goods retailer’s stock worth $302,000 after purchasing an additional 51 shares during the period. Fifth Third Wealth Advisors LLC lifted its position in shares of DICK’S Sporting Goods by 2.4% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,284 shares of the sporting goods retailer’s stock worth $453,000 after buying an additional 54 shares during the last quarter. PCB Capital LLC lifted its position in shares of DICK’S Sporting Goods by 1.5% in the 1st quarter. PCB Capital LLC now owns 3,607 shares of the sporting goods retailer’s stock worth $715,000 after buying an additional 55 shares during the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of DICK’S Sporting Goods by 5.9% in the 4th quarter. Parallel Advisors LLC now owns 980 shares of the sporting goods retailer’s stock valued at $194,000 after buying an additional 55 shares during the period. Institutional investors and hedge funds own 89.83% of the company’s stock.

About DICK’S Sporting Goods

(Get Free Report)

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.

Further Reading

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