Zacks Research Upgrades DICK'S Sporting Goods (NYSE:DKS) to Hold

Key Points

• Zacks Research upgraded DICK’S Sporting Goods from “strong sell” to “hold.” Analyst views are mixed: 12 rate the stock a Buy, 11 a Hold, and two a Sell; the average price target is $166.55.
• The retailer’s latest quarter fell short of estimates, reporting EPS of $3.53 versus $3.74 expected and revenue of $5.59 billion versus $5.64 billion expected, despite revenue rising 53.2% year over year.
• Company insiders bought a combined 42,795 shares worth about $5.59 million over the past three months. Shares opened at $149.84, within a 52-week range of $120.15 to $244.38.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) was upgraded by research analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research report issued to clients and investors on Monday, Zacks reports.

Several other equities analysts have also commented on the stock. Morgan Stanley decreased their price objective on shares of DICK'S Sporting Goods from $270.00 to $180.00 and set an "overweight" rating for the company in a research report on Wednesday, August 26th. Citigroup decreased their price target on shares of DICK'S Sporting Goods from $280.00 to $190.00 and set a "buy" rating for the company in a report on Thursday, August 27th. BTIG Research dropped their price objective on shares of DICK'S Sporting Goods from $300.00 to $180.00 and set a "buy" rating on the stock in a report on Wednesday, August 26th. Loop Capital reissued a "hold" rating and issued a $140.00 target price on shares of DICK'S Sporting Goods in a research report on Tuesday, August 25th. Finally, JPMorgan Chase & Co. cut their target price on DICK'S Sporting Goods from $270.00 to $245.00 and set an "overweight" rating on the stock in a research report on Monday, August 24th. 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 MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $166.55.

DICK'S Sporting Goods Price Performance

DKS opened at $149.84 on Monday. The business has a fifty day moving average of $136.92 and a 200 day moving average of $190.20. 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 stock has a market cap of $13.33 billion, a P/E ratio of 16.09, a PEG ratio of 2.80 and a beta of 1.09. DICK'S Sporting Goods has a 52-week low of $120.15 and a 52-week high of $244.38.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its quarterly earnings data on Tuesday, August 25th. The sporting goods retailer reported $3.53 earnings per share for the quarter, missing analysts' consensus estimates of $3.74 by ($0.21). DICK'S Sporting Goods had a return on equity of 19.21% and a net margin of 3.97%. The business had revenue of $5.59 billion during the quarter, compared to analysts' expectations of $5.64 billion. During the same period last year, the company earned $4.38 earnings per share. The firm's 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. As a group, sell-side analysts anticipate that DICK'S Sporting Goods will post 11.68 EPS for the current year.

Insider Activity at DICK'S Sporting Goods

In related news, Director Larry Jr. Fitzgerald bought 1,860 shares of the stock in a transaction dated Wednesday, September 23rd. The shares were purchased at an average price of $131.67 per share, for a total transaction of $244,906.20. Following the completion of the purchase, the director directly owned 15,199 shares of the company's stock, valued at $2,001,252.33. This represents a 13.94% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Navdeep Gupta purchased 7,707 shares of DICK'S Sporting Goods stock in a transaction that occurred on Tuesday, September 22nd. The shares were bought at an average price of $129.75 per share, with a total value of $999,983.25. Following the completion of the transaction, the executive vice president owned 86,580 shares of the company's stock, valued at $11,233,755. This represents a 9.77% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired 42,795 shares of company stock worth $5,588,641 in the last three months. Company insiders own 28.91% of the company's stock.

Institutional Investors Weigh In On DICK'S Sporting Goods

Hedge funds have recently bought and sold shares of the stock. Heritage Family Offices LLP acquired a new position in shares of DICK'S Sporting Goods in the 3rd quarter valued at $29,000. Rothschild Investment LLC grew its position in DICK'S Sporting Goods by 707.1% during the third quarter. Rothschild Investment LLC now owns 226 shares of the sporting goods retailer's stock valued at $30,000 after buying an additional 198 shares during the period. Pinnacle Wealth Planning Services Inc. grew its position in DICK'S Sporting Goods by 241.2% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 290 shares of the sporting goods retailer's stock valued at $39,000 after buying an additional 205 shares during the period. Versant Capital Management Inc grew its position in DICK'S Sporting Goods by 34.3% during the third quarter. Versant Capital Management Inc now owns 333 shares of the sporting goods retailer's stock valued at $45,000 after buying an additional 85 shares during the period. Finally, Ancora Advisors LLC purchased a new position in DICK'S Sporting Goods in the second quarter valued at $83,000. Hedge funds and other institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods Company Profile

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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