DICK’S Sporting Goods (NYSE:DKS – Free Report) had its target price reduced by DA Davidson from $260.00 to $205.00 in a report issued on Wednesday, Marketbeat.com reports. They currently have a buy rating on the sporting goods retailer’s stock.
DKS has been the subject of a number of other reports. Truist Financial lowered shares of DICK’S Sporting Goods from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $270.00 to $135.00 in a report on Wednesday. Jefferies Financial Group set a $171.00 target price on DICK’S Sporting Goods in a research note on Tuesday. JPMorgan Chase & Co. decreased their price target on DICK’S Sporting Goods from $270.00 to $245.00 and set an “overweight” rating for the company in a research note on Monday, August 24th. Morgan Stanley upped their price target on DICK’S Sporting Goods from $250.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. Finally, The Goldman Sachs Group dropped their price objective on DICK’S Sporting Goods from $271.00 to $170.00 and set a “buy” rating on the stock in a research report on Wednesday. Twelve analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, DICK’S Sporting Goods currently has an average rating of “Moderate Buy” and an average target price of $170.22.
Read Our Latest Analysis on DKS
DICK’S Sporting Goods Stock Performance
DICK’S Sporting Goods (NYSE:DKS – Get Free Report) last issued its earnings results on Tuesday, August 25th. The sporting goods retailer reported $3.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.74 by ($0.21). The firm had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.64 billion. DICK’S Sporting Goods had a return on equity of 19.21% and a net margin of 3.97%.The firm’s quarterly revenue was up 53.2% on a year-over-year basis. During the same period last year, the firm posted $4.38 earnings per share. DICK’S Sporting Goods has set its FY 2026 guidance at 11.000-12.000 EPS. Sell-side analysts expect that DICK’S Sporting Goods will post 11.75 EPS for the current fiscal year.
DICK’S Sporting Goods Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Friday, September 11th. DICK’S Sporting Goods’s dividend payout ratio is 53.71%.
Insider Transactions at DICK’S Sporting Goods
In other news, Director Sandeep Mathrani bought 1,550 shares of the company’s stock in a transaction on Wednesday, August 26th. The shares were acquired at an average cost of $128.89 per share, with a total value of $199,779.50. Following the completion of the transaction, the director owned 11,136 shares of the company’s stock, valued at approximately $1,435,319.04. This trade represents a 16.17% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mark J. Barrenechea bought 17,000 shares of the company’s stock in a transaction on Thursday, August 27th. The stock was purchased at an average cost of $130.72 per share, for a total transaction of $2,222,240.00. Following the completion of the transaction, the director directly owned 25,977 shares of the company’s stock, valued at approximately $3,395,713.44. The trade was a 189.37% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 28,650 shares of company stock worth $3,722,280 in the last ninety days. Insiders own 28.91% of the company’s stock.
Institutional Trading of DICK’S Sporting Goods
Several large investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System increased its holdings in DICK’S Sporting Goods by 20,961.0% during the second quarter. California State Teachers Retirement System now owns 15,878,288 shares of the sporting goods retailer’s stock valued at $3,601,355,000 after buying an additional 15,802,896 shares during the last quarter. BlackRock Inc. purchased a new position in shares of DICK’S Sporting Goods during the 2nd quarter worth $1,501,321,000. Bank of America Corp DE bought a new stake in shares of DICK’S Sporting Goods during the 2nd quarter valued at $1,024,000,000. Viking Global Investors LP bought a new stake in shares of DICK’S Sporting Goods during the 4th quarter valued at $509,371,000. Finally, Norges Bank purchased a new stake in shares of DICK’S Sporting Goods in the 4th quarter worth $192,639,000. 89.83% of the stock is currently owned by institutional investors.
Key Headlines Impacting DICK’S Sporting Goods
Here are the key news stories impacting DICK’S Sporting Goods this week:
- Positive Sentiment: Several directors made sizable open-market purchases after the earnings-related decline. William J. Colombo bought 6,100 shares for roughly $785,500, Mark J. Barrenechea purchased 17,000 shares for about $2.2 million, Robert W. Eddy bought 4,000 shares, and Sandeep Mathrani acquired 1,550 shares. The transactions may signal that company insiders view the selloff as excessive. SEC insider filing
- Positive Sentiment: Oppenheimer maintained a Buy rating, and Citigroup retained a Buy rating despite reducing its price target to $190 from $280. The new target still implies substantial potential upside from current trading levels. Analyst price target report
- Neutral Sentiment: Multiple law firms announced investigations into potential securities-law violations, including Kaplan Fox, Block & Leviton, BFA Law, Levi & Korsinsky and Pomerantz. These notices are investor solicitations and do not establish that DICK’S violated any law, but they add reputational and litigation risk. Kaplan Fox investigation notice
- Negative Sentiment: DICK’S reported quarterly earnings of $3.53 per share versus the $3.74 consensus estimate, while revenue of $5.59 billion also fell short of expectations. Earnings declined from $4.38 per share a year earlier, intensifying concerns about profitability despite strong reported revenue growth.
- Negative Sentiment: Telsey downgraded the stock to Market Perform and slashed its price target to $145 from $255. DA Davidson and BTIG also issued pessimistic forecasts, reinforcing concerns about the company’s outlook. Analyst downgrade report
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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