DICK'S Sporting Goods (NYSE:DKS) Stock Rated "Neutral" in New Coverage at Cantor Fitzgerald

Key Points

• Cantor Fitzgerald initiated coverage of DICK’S Sporting Goods with a Neutral rating and a $146 price target, implying about 1.3% downside from the share price at the time of the report.
• Analyst views are mixed: 12 rate the stock Buy, 10 Hold and 3 Sell; the consensus rating is Hold with an average price target of $166.55.
• The retailer’s latest quarter missed earnings and revenue estimates, although revenue rose 53.2% year over year. Insiders also bought 42,795 shares worth about $5.6 million during the quarter.

Equities researchers at Cantor Fitzgerald began coverage on shares of DICK'S Sporting Goods (NYSE:DKS - Get Free Report) in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. The brokerage set a "neutral" rating and a $146.00 price target on the sporting goods retailer's stock. Cantor Fitzgerald's price target indicates a potential downside of 1.28% from the stock's current price.

A number of other equities research analysts have also recently commented on DKS. Loop Capital reissued a "hold" rating and set a $140.00 target price on shares of DICK'S Sporting Goods in a research report on Tuesday, August 25th. Jefferies Financial Group set a $171.00 price target on shares of DICK'S Sporting Goods in a report on Tuesday, August 25th. BNP Paribas Exane reaffirmed an "underperform" rating on shares of DICK'S Sporting Goods in a research report on Tuesday, October 27th. BMO Capital Markets reiterated an "underperform" rating on shares of DICK'S Sporting Goods in a report on Monday, October 26th. Finally, UBS Group decreased their price objective on DICK'S Sporting Goods from $275.00 to $178.00 and set a "buy" rating for the company in a report on Thursday, August 27th. Twelve investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $166.55.

DICK'S Sporting Goods Stock Performance

Shares of DICK'S Sporting Goods stock opened at $147.89 on Tuesday. The company has a market capitalization of $13.15 billion, a PE ratio of 15.89, a P/E/G ratio of 2.80 and a beta of 1.09. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.36 and a current ratio of 1.49. The company has a 50-day simple moving average of $136.62 and a two-hundred day simple moving average of $190.50. DICK'S Sporting Goods has a one year low of $120.15 and a one year high of $244.38.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its quarterly 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). 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 in the previous year, the company posted $4.38 earnings per share. The business's quarterly revenue 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. Research analysts expect that DICK'S Sporting Goods will post 11.68 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Matthew Barnes acquired 3,665 shares of the company's stock in a transaction dated Wednesday, September 30th. The shares were purchased at an average cost of $136.39 per share, with a total value of $499,869.35. Following the completion of the acquisition, the insider directly owned 11,965 shares of the company's stock, valued at $1,631,906.35. This represents a 44.16% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William J. Colombo acquired 5,000 shares of the company's stock in a transaction dated Wednesday, August 26th. The shares were bought at an average cost of $128.72 per share, for a total transaction of $643,600.00. Following the completion of the acquisition, the director directly owned 178,987 shares of the company's stock, valued at approximately $23,039,206.64. The trade was a 2.87% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have bought 42,795 shares of company stock valued at $5,588,641. Corporate insiders own 28.91% of the company's stock.

Institutional Trading of DICK'S Sporting Goods

Several large investors have recently added to or reduced their stakes in the company. Edgestream Partners L.P. acquired a new position in DICK'S Sporting Goods in the 3rd quarter worth approximately $561,000. HighTower Advisors LLC lifted its stake in DICK'S Sporting Goods by 75.9% during the 3rd quarter. HighTower Advisors LLC now owns 485,180 shares of the sporting goods retailer's stock valued at $65,155,000 after acquiring an additional 209,294 shares during the period. Intech Investment Management LLC lifted its stake in DICK'S Sporting Goods by 21.1% during the 3rd quarter. Intech Investment Management LLC now owns 22,854 shares of the sporting goods retailer's stock valued at $3,069,000 after acquiring an additional 3,988 shares during the period. Minneapolis Portfolio Management Group LLC acquired a new stake in DICK'S Sporting Goods during the 3rd quarter valued at approximately $28,390,000. Finally, Hantz Financial Services Inc. boosted its holdings in shares of DICK'S Sporting Goods by 81.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 7,362 shares of the sporting goods retailer's stock valued at $989,000 after acquiring an additional 3,305 shares during the last quarter. 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 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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