DICK'S Sporting Goods (NYSE:DKS) Downgraded to Neutral Rating by Robert W. Baird

Key Points

• Robert W. Baird downgraded DICK’S Sporting Goods to “neutral” from “outperform” and set a $150 price target, implying 10.92% upside from the prior close. MarketBeat’s broader analyst consensus is “Hold,” with an average target of $167.20.
• DICK’S opened at $135.23 and remains well below its 52-week high of $244.38. The retailer’s latest quarterly results missed expectations, with EPS of $3.53 versus $3.74 expected and revenue of $5.59 billion versus $5.64 billion estimated, despite 53.2% year-over-year revenue growth.
• Company directors recently bought shares, including a $2.22 million purchase by Mark Barrenechea and a $199,780 purchase by Sandeep Mathrani. Insiders own 28.91% of the company, while institutional investors hold 89.83%.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) was downgraded by investment analysts at Robert W. Baird from an "outperform" rating to a "neutral" rating in a research note issued to investors on Monday, Briefing.com reports. They currently have a $150.00 price target on the sporting goods retailer's stock. Robert W. Baird's price objective would indicate a potential upside of 10.92% from the stock's previous close.

A number of other equities research analysts have also recently issued reports on DKS. Wells Fargo & Company decreased their price objective on shares of DICK'S Sporting Goods from $240.00 to $185.00 and set an "overweight" rating for the company in a report on Tuesday, August 25th. Guggenheim reiterated a "neutral" rating on shares of DICK'S Sporting Goods in a research report on Wednesday, August 26th. JPMorgan Chase & Co. reduced their target price on DICK'S Sporting Goods from $270.00 to $245.00 and set an "overweight" rating on the stock in a report on Monday, August 24th. DA Davidson dropped their target price on DICK'S Sporting Goods from $260.00 to $205.00 and set a "buy" rating on the stock in a research report on Wednesday, August 26th. Finally, Zacks Research cut shares of DICK'S Sporting Goods from a "hold" rating to a "strong sell" rating in a research note on Tuesday, September 1st. Eleven equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $167.20.

DICK'S Sporting Goods Stock Performance

DKS opened at $135.23 on Monday. DICK'S Sporting Goods has a 1-year low of $120.40 and a 1-year high of $244.38. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 0.36. The company has a market capitalization of $12.03 billion, a price-to-earnings ratio of 14.53, a price-to-earnings-growth ratio of 1.57 and a beta of 1.11. The business has a 50 day moving average price of $185.44 and a two-hundred day moving average price of $204.32.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its quarterly 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 business had revenue of $5.59 billion during 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 company's quarterly revenue was up 53.2% compared to the same quarter last year. During the same quarter last year, the firm posted $4.38 EPS. DICK'S Sporting Goods has set its FY 2026 guidance at 11.000-12.000 EPS. Research analysts predict that DICK'S Sporting Goods will post 11.7 EPS for the current fiscal year.

Insider Transactions at DICK'S Sporting Goods

In other DICK'S Sporting Goods news, Director Mark Barrenechea purchased 17,000 shares of the stock in a transaction dated Thursday, August 27th. The shares were bought at an average price of $130.72 per share, with a total value of $2,222,240.00. Following the completion of the transaction, the director directly owned 25,977 shares in the company, valued at approximately $3,395,713.44. This trade represents a 189.37% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sandeep Mathrani purchased 1,550 shares of the business's stock in a transaction on Wednesday, August 26th. The stock was purchased at an average cost of $128.89 per share, with a total value of $199,779.50. Following the completion of the acquisition, the director owned 11,136 shares in the company, valued at approximately $1,435,319.04. This trade represents a 16.17% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders acquired 29,563 shares of company stock valued at $3,843,882. Corporate insiders own 28.91% of the company's stock.

Institutional Investors Weigh In On DICK'S Sporting Goods

Institutional investors have recently made changes to their positions in the company. Harbor Investment Advisory LLC bought a new stake in shares of DICK'S Sporting Goods in the first quarter worth $30,000. Elyxium Wealth LLC bought a new stake in DICK'S Sporting Goods in the fourth quarter worth $35,000. SHP Wealth Management purchased a new stake in DICK'S Sporting Goods in the fourth quarter worth $38,000. Measured Wealth Private Client Group LLC bought a new stake in shares of DICK'S Sporting Goods during the third quarter valued at approximately $48,000. Finally, Fideuram Asset Management Ireland dac purchased a new stake in DICK'S Sporting Goods during the fourth quarter worth $44,000. Hedge funds and other institutional investors own 89.83% of the company's stock.

About DICK'S Sporting Goods

DICK'S Sporting Goods, Inc is a leading American sporting goods retailer that sells athletic equipment, apparel, footwear and accessories for a broad range of sports and outdoor activities. Its merchandise includes products for fitness, team sports, golf, running, hunting, fishing and camping, as well as casual and performance-oriented clothing and footwear.

The company operates through its DICK'S Sporting Goods stores and e-commerce platform, along with specialty and concept businesses including Golf Galaxy, Public Lands and House of Sport locations.

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