DICK’S Sporting Goods (NYSE:DKS) Stock Rating Reaffirmed by Telsey Advisory Group

DICK’S Sporting Goods (NYSE:DKS)‘s stock had its “outperform” rating restated by Telsey Advisory Group in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. They presently have a $145.00 price target on the sporting goods retailer’s stock, up from their previous price target of $140.00. Telsey Advisory Group’s price target indicates a potential upside of 19.23% from the company’s previous close. Telsey Advisory Group also issued estimates for DICK’S Sporting Goods’ Q3 2024 earnings at $2.49 EPS, Q4 2024 earnings at $3.01 EPS, FY2024 earnings at $11.74 EPS, Q1 2025 earnings at $3.02 EPS, Q3 2025 earnings at $2.90 EPS, Q4 2025 earnings at $3.25 EPS and FY2025 earnings at $12.33 EPS.

A number of other equities analysts have also commented on the company. Wells Fargo & Company reduced their price objective on DICK’S Sporting Goods from $140.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 23rd. Loop Capital reduced their price target on shares of DICK’S Sporting Goods from $135.00 to $115.00 and set a “hold” rating on the stock in a research report on Wednesday, August 23rd. Wedbush restated a “neutral” rating and issued a $115.00 price objective on shares of DICK’S Sporting Goods in a research report on Thursday, November 16th. UBS Group reduced their target price on shares of DICK’S Sporting Goods from $160.00 to $130.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 23rd. Finally, Oppenheimer decreased their price objective on DICK’S Sporting Goods from $175.00 to $145.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 23rd. Thirteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, DICK’S Sporting Goods has an average rating of “Hold” and an average price target of $142.58.

DICK’S Sporting Goods Trading Up 2.2 %

Shares of DICK’S Sporting Goods stock opened at $121.61 on Friday. The stock has a market capitalization of $10.34 billion, a P/E ratio of 10.79, a price-to-earnings-growth ratio of 2.00 and a beta of 1.49. DICK’S Sporting Goods has a 12-month low of $100.98 and a 12-month high of $152.61. The company has a quick ratio of 0.78, a current ratio of 1.81 and a debt-to-equity ratio of 0.56. The company has a 50-day simple moving average of $109.72 and a 200 day simple moving average of $123.94.

DICK’S Sporting Goods (NYSE:DKS) last posted its earnings results on Tuesday, November 21st. The sporting goods retailer reported $2.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.45 by $0.40. The company had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $2.94 billion. DICK’S Sporting Goods had a net margin of 8.03% and a return on equity of 40.52%. DICK’S Sporting Goods’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.60 earnings per share. Research analysts expect that DICK’S Sporting Goods will post 11.79 earnings per share for the current fiscal year.

Insider Buying and Selling at DICK’S Sporting Goods

In related news, Director Sandeep Mathrani bought 1,300 shares of DICK’S Sporting Goods stock in a transaction that occurred on Thursday, August 24th. The stock was purchased at an average cost of $113.54 per share, with a total value of $147,602.00. Following the purchase, the director now owns 6,647 shares in the company, valued at $754,700.38. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other DICK’S Sporting Goods news, Director William J. Colombo bought 2,200 shares of DICK’S Sporting Goods stock in a transaction dated Thursday, September 7th. The stock was bought at an average cost of $110.00 per share, for a total transaction of $242,000.00. Following the purchase, the director now owns 170,192 shares of the company’s stock, valued at approximately $18,721,120. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sandeep Mathrani acquired 1,300 shares of DICK’S Sporting Goods stock in a transaction on Thursday, August 24th. The shares were bought at an average cost of $113.54 per share, with a total value of $147,602.00. Following the completion of the transaction, the director now owns 6,647 shares of the company’s stock, valued at $754,700.38. The disclosure for this purchase can be found here. Insiders own 30.79% of the company’s stock.

Hedge Funds Weigh In On DICK’S Sporting Goods

A number of large investors have recently made changes to their positions in the company. Oder Investment Management LLC increased its holdings in shares of DICK’S Sporting Goods by 1.3% during the second quarter. Oder Investment Management LLC now owns 5,428 shares of the sporting goods retailer’s stock worth $718,000 after purchasing an additional 69 shares during the period. Smithfield Trust Co increased its stake in DICK’S Sporting Goods by 10.7% during the 2nd quarter. Smithfield Trust Co now owns 756 shares of the sporting goods retailer’s stock worth $101,000 after acquiring an additional 73 shares during the period. Atlas Capital Advisors LLC raised its holdings in DICK’S Sporting Goods by 4.8% in the 1st quarter. Atlas Capital Advisors LLC now owns 1,733 shares of the sporting goods retailer’s stock valued at $246,000 after acquiring an additional 79 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of DICK’S Sporting Goods by 0.5% during the 2nd quarter. Thrivent Financial for Lutherans now owns 15,871 shares of the sporting goods retailer’s stock valued at $2,098,000 after acquiring an additional 79 shares during the period. Finally, Treasurer of the State of North Carolina increased its position in shares of DICK’S Sporting Goods by 0.3% in the first quarter. Treasurer of the State of North Carolina now owns 29,343 shares of the sporting goods retailer’s stock worth $4,163,000 after purchasing an additional 82 shares during the period. Institutional investors own 68.21% of the company’s stock.

About DICK’S Sporting Goods

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.