DICK'S Sporting Goods (NYSE:DKS) Given New $195.00 Price Target at Wells Fargo & Company

Key Points

• Wells Fargo raised its DICK’S Sporting Goods price target to $195 from $185 and maintained an “overweight” rating, implying 32.73% upside from the stock’s then-current price.
• Analyst views are mixed: the stock’s average rating is “Hold,” with an average price target of $167. DICK’S shares traded at $146.91 in Friday’s session.
• The company’s latest reported quarter missed analysts’ earnings and revenue estimates, though revenue rose 53.2% year over year; insiders bought 42,795 shares worth about $5.6 million over the last quarter.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) had its price target upped by stock analysts at Wells Fargo & Company from $185.00 to $195.00 in a research report issued on Friday, Benzinga reports. The firm presently has an "overweight" rating on the sporting goods retailer's stock. Wells Fargo & Company's price target suggests a potential upside of 32.73% from the stock's current price.

A number of other research analysts also recently issued reports on the company. Guggenheim restated a "neutral" rating on shares of DICK'S Sporting Goods in a research note on Wednesday, September 30th. BNP Paribas Exane reiterated an "underperform" rating on shares of DICK'S Sporting Goods in a research note on Tuesday, October 27th. UBS Group cut their price target on shares of DICK'S Sporting Goods from $275.00 to $178.00 and set a "buy" rating on the stock in a report on Thursday, August 27th. Zacks Research upgraded shares of DICK'S Sporting Goods from a "strong sell" rating to a "hold" rating in a research report on Monday. Finally, KGI Securities lowered shares of DICK'S Sporting Goods from an "outperform" rating to a "neutral" rating and set a $135.10 price target for the company. in a research report on Wednesday, August 26th. Twelve research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell 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 $167.00.

DICK'S Sporting Goods Stock Up 0.9%

DKS stock traded up $1.25 during trading on Friday, reaching $146.91. The stock had a trading volume of 228,807 shares, compared to its average volume of 1,865,181. DICK'S Sporting Goods has a one year low of $120.15 and a one year 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's 50 day moving average is $137.42 and its two-hundred day moving average is $189.63. The company has a market capitalization of $13.06 billion, a price-to-earnings ratio of 15.80, a P/E/G ratio of 2.84 and a beta of 1.09.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its quarterly earnings data 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). 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 during the quarter, compared to analysts' expectations of $5.64 billion. During the same quarter last year, the business posted $4.38 EPS. The company's quarterly revenue was up 53.2% on a year-over-year basis. DICK'S Sporting Goods has set its FY 2026 guidance at 11.000-12.000 EPS. Equities research analysts forecast that DICK'S Sporting Goods will post 11.67 EPS for the current year.

Insiders Place Their Bets

In other news, Director Mark J. Barrenechea purchased 17,000 shares of the stock in a transaction dated Thursday, August 27th. The shares were purchased at an average cost of $130.72 per share, with a total value of $2,222,240.00. Following the completion of the acquisition, the director owned 25,977 shares in the company, valued at $3,395,713.44. This represents a 189.37% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Robert W. Eddy acquired 4,000 shares of the business's stock in a transaction dated Wednesday, August 26th. The stock was purchased at an average price of $128.69 per share, with a total value of $514,760.00. Following the completion of the transaction, the director directly owned 10,886 shares of the company's stock, valued at $1,400,919.34. This trade represents a 58.09% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased 42,795 shares of company stock worth $5,588,641 over the last quarter. Insiders own 28.91% of the company's stock.

Institutional Trading of DICK'S Sporting Goods

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. bought a new position in DICK'S Sporting Goods in the 2nd quarter valued at $1,501,321,000. Bank of America Corp DE bought a new position in shares of DICK'S Sporting Goods in the second quarter worth $1,024,000,000. Darsana Capital Partners LP increased its holdings in shares of DICK'S Sporting Goods by 9.1% in the second quarter. Darsana Capital Partners LP now owns 1,500,000 shares of the sporting goods retailer's stock worth $340,215,000 after purchasing an additional 125,000 shares during the period. Maverick Capital Ltd. raised its position in shares of DICK'S Sporting Goods by 25.3% in the first quarter. Maverick Capital Ltd. now owns 1,044,903 shares of the sporting goods retailer's stock worth $207,194,000 after buying an additional 210,654 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of DICK'S Sporting Goods in the second quarter worth $128,943,000. Institutional investors own 89.83% of the company's stock.

About DICK'S Sporting Goods

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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