DICK’S Sporting Goods (NYSE:DKS) Stock Rating Raised to “Hold” at Zacks Research

by · The Markets Daily

Zacks Research upgraded shares of DICK’S Sporting Goods (NYSE:DKS – Free Report) from a strong sell rating to a hold rating in a research note issued to investors on Monday,Zacks reports.

A number of other research analysts have also recently weighed in on the stock. BMO Capital Markets reaffirmed an “underperform” rating on shares of DICK’S Sporting Goods in a report on Monday, October 26th. Bank of America cut their price target on DICK’S Sporting Goods from $245.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, August 26th. Guggenheim reiterated a “neutral” rating on shares of DICK’S Sporting Goods in a research report on Wednesday, September 30th. KGI Securities cut DICK’S Sporting Goods from an “outperform” rating to a “neutral” rating and set a $135.10 price objective for the company. in a research report on Wednesday, August 26th. Finally, Weiss Ratings lowered DICK’S Sporting Goods from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, September 16th. Twelve analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $166.55.

Read Our Latest Report on DKS

DICK’S Sporting Goods Trading Up 1.5%

DICK’S Sporting Goods stock opened at $149.84 on Monday. The company has a current ratio of 1.49, a quick ratio of 0.36 and a debt-to-equity ratio of 0.33. DICK’S Sporting Goods has a 12 month low of $120.15 and a 12 month high of $244.38. The stock’s 50 day simple moving average is $136.92 and its two-hundred day simple moving average is $190.20. The firm has a market cap of $13.33 billion, a PE ratio of 16.09, a P/E/G ratio of 2.80 and a beta of 1.09.

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 earnings per share for the quarter, missing the consensus estimate of $3.74 by ($0.21). DICK’S Sporting Goods had a net margin of 3.97% and a return on equity of 19.21%. The firm had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.64 billion. During the same period last year, the firm earned $4.38 earnings per share. DICK’S Sporting Goods’s revenue for the quarter was up 53.2% compared to the same quarter last year. DICK’S Sporting Goods has set its FY 2026 guidance at 11.000-12.000 EPS. Analysts anticipate that DICK’S Sporting Goods will post 11.68 earnings per share for the current year.

DICK’S Sporting Goods Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was 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 Mark J. Barrenechea acquired 17,000 shares of the business’s stock in a transaction on Thursday, August 27th. The stock was bought at an average cost of $130.72 per share, for a total transaction of $2,222,240.00. Following the purchase, the director owned 25,977 shares in the company, valued at approximately $3,395,713.44. This represents a 189.37% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Matthew Barnes acquired 3,665 shares of the business’s stock in a transaction on Wednesday, September 30th. The shares were purchased at an average price of $136.39 per share, with a total value of $499,869.35. Following the completion of the purchase, the insider owned 11,965 shares in the company, valued at $1,631,906.35. This represents a 44.16% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought a total of 42,795 shares of company stock worth $5,588,641 in the last three months. 28.91% of the stock is owned by corporate insiders.

Institutional Trading of DICK’S Sporting Goods

A number of institutional investors have recently made changes to their positions in DKS. Alteri Wealth LLC raised its stake in DICK’S Sporting Goods by 31.4% in the 3rd quarter. Alteri Wealth LLC now owns 2,103 shares of the sporting goods retailer’s stock valued at $282,000 after purchasing an additional 503 shares during the last quarter. Private Advisor Group LLC lifted its holdings in DICK’S Sporting Goods by 207.4% in the 3rd quarter. Private Advisor Group LLC now owns 4,260 shares of the sporting goods retailer’s stock valued at $572,000 after purchasing an additional 2,874 shares in the last quarter. Ieq Capital LLC boosted its stake in DICK’S Sporting Goods by 137.0% during the 3rd quarter. Ieq Capital LLC now owns 130,633 shares of the sporting goods retailer’s stock worth $17,543,000 after purchasing an additional 75,524 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new stake in DICK’S Sporting Goods during the 3rd quarter worth $3,270,000. Finally, Voya Investment Management LLC boosted its stake in DICK’S Sporting Goods by 5.7% during the 3rd quarter. Voya Investment Management LLC now owns 5,511 shares of the sporting goods retailer’s stock worth $740,000 after purchasing an additional 297 shares during the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

DICK’S Sporting Goods Company Profile

(Get Free Report)

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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