Equities researchers at Cantor Fitzgerald began coverage on shares of DICK’S Sporting Goods (NYSE:DKS – Get Free Report) in a report released on Tuesday, Marketbeat reports. The firm set a “neutral” rating and a $146.00 price target on the sporting goods retailer’s stock. Cantor Fitzgerald‘s price target suggests a potential downside of 1.28% from the company’s previous close.
A number of other brokerages have also recently commented on DKS. Telsey Advisory Group cut shares of DICK’S Sporting Goods from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $255.00 to $145.00 in a research note on Wednesday, August 26th. Guggenheim reiterated a “neutral” rating on shares of DICK’S Sporting Goods in a research note on Wednesday, September 30th. The Goldman Sachs Group dropped their price target on shares of DICK’S Sporting Goods from $271.00 to $170.00 and set a “buy” rating on the stock in a research report on Wednesday, August 26th. Barclays lowered their target price on shares of DICK’S Sporting Goods from $280.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 26th. Finally, Zacks Research cut DICK’S Sporting Goods from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 1st. Twelve equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $166.55.
Get Our Latest Analysis on DKS
DICK’S Sporting Goods Stock Up 5.0%
Shares of DKS opened at $147.89 on Tuesday. DICK’S Sporting Goods has a 52 week low of $120.15 and a 52 week high of $244.38. The company has a quick ratio of 0.36, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $13.15 billion, a price-to-earnings ratio of 15.89, a PEG ratio of 2.80 and a beta of 1.09. The stock’s 50-day moving average price is $136.62 and its 200-day moving average price is $190.50.
DICK’S Sporting Goods (NYSE:DKS – Get Free Report) last posted its earnings results on Tuesday, August 25th. The sporting goods retailer reported $3.53 EPS for the quarter, missing the consensus estimate of $3.74 by ($0.21). The company had revenue of $5.59 billion for the quarter, compared to analyst estimates 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 revenue was up 53.2% on a year-over-year basis. During the same period last year, the business earned $4.38 earnings per share. DICK’S Sporting Goods has set its FY 2026 guidance at 11.000-12.000 EPS. On average, sell-side analysts predict that DICK’S Sporting Goods will post 11.68 EPS for the current year.
Insider Transactions at DICK’S Sporting Goods
In related news, Director William J. Colombo acquired 913 shares of DICK’S Sporting Goods stock in a transaction on Tuesday, September 1st. The stock was bought at an average cost of $133.19 per share, for a total transaction of $121,602.47. Following the completion of the transaction, the director owned 181,000 shares of the company’s stock, valued at approximately $24,107,390. The trade was a 0.51% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Navdeep Gupta acquired 7,707 shares of the firm’s stock in a transaction on Tuesday, September 22nd. The shares were bought at an average cost of $129.75 per share, for a total transaction of $999,983.25. Following the completion of the acquisition, the executive vice president owned 86,580 shares of the company’s stock, valued at approximately $11,233,755. This represents a 9.77% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired 42,795 shares of company stock worth $5,588,641 in the last ninety days. Company insiders own 28.91% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of DKS. BlackRock Inc. acquired a new stake in DICK’S Sporting Goods in the 2nd quarter worth about $1,501,321,000. Bank of America Corp DE purchased a new stake in shares of DICK’S Sporting Goods during the second quarter worth approximately $1,024,000,000. Bank of New York Mellon Corp acquired a new position in DICK’S Sporting Goods in the 2nd quarter valued at $128,943,000. Atreides Management LP acquired a new position in DICK’S Sporting Goods in the 2nd quarter valued at $85,081,000. Finally, Minneapolis Portfolio Management Group LLC acquired a new position in DICK’S Sporting Goods in the 3rd quarter valued at $28,390,000. Institutional investors and hedge funds own 89.83% of the company’s stock.
DICK’S Sporting Goods Company Profile
DICK’S Sporting Goods, Inc is a U.S. sporting goods retailer that sells equipment, apparel, footwear and accessories for a range of sports and outdoor activities. Customers can shop through its stores and e-commerce platforms, and the company also offers services such as golf club fitting and equipment repair at select locations.
The company operates under several retail banners, including DICK’S Sporting Goods, Golf Galaxy, Public Lands and Going Going Gone!, as well as experiential DICK’S House of Sport locations.
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