DA Davidson Issues Pessimistic Forecast for DICK'S Sporting Goods (NYSE:DKS) Stock Price

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) had its price target cut by research analysts at DA Davidson from $273.00 to $230.00 in a report issued on Thursday,Benzinga reports. The firm currently has a "buy" rating on the sporting goods retailer's stock. DA Davidson's price objective points to a potential upside of 28.17% from the company's current price. DA Davidson also issued estimates for DICK'S Sporting Goods' Q2 2026 earnings at $4.28 EPS and FY2027 earnings at $15.31 EPS.

Other analysts have also issued reports about the company. Wedbush reissued a "neutral" rating and set a $215.00 target price on shares of DICK'S Sporting Goods in a report on Wednesday, March 12th. TD Cowen lowered DICK'S Sporting Goods from a "buy" rating to a "hold" rating and set a $216.00 price target on the stock. in a research note on Thursday, May 15th. Citigroup reissued a "neutral" rating and set a $220.00 price target (down from $230.00) on shares of DICK'S Sporting Goods in a research note on Wednesday, March 12th. Wells Fargo & Company lifted their price target on DICK'S Sporting Goods from $171.00 to $187.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. Finally, Guggenheim reissued a "neutral" rating on shares of DICK'S Sporting Goods in a research note on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, DICK'S Sporting Goods presently has an average rating of "Hold" and an average price target of $220.11.

DICK'S Sporting Goods Stock Down 1.0%

NYSE:DKS traded down $1.76 during trading hours on Thursday, reaching $179.45. 1,911,698 shares of the stock were exchanged, compared to its average volume of 1,253,679. DICK'S Sporting Goods has a twelve month low of $166.37 and a twelve month high of $254.60. The firm has a 50 day moving average of $187.90 and a 200 day moving average of $209.80. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. The stock has a market cap of $14.33 billion, a PE ratio of 12.83, a PEG ratio of 2.47 and a beta of 1.16.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The sporting goods retailer reported $3.37 EPS for the quarter, meeting analysts' consensus estimates of $3.37. DICK'S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The firm had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.12 billion. On average, equities analysts expect that DICK'S Sporting Goods will post 13.89 earnings per share for the current year.

DICK'S Sporting Goods announced that its Board of Directors has initiated a stock buyback plan on Tuesday, March 11th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the sporting goods retailer to purchase up to 18.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued.

Institutional Trading of DICK'S Sporting Goods

A number of hedge funds and other institutional investors have recently made changes to their positions in DKS. Wealthfront Advisers LLC bought a new stake in shares of DICK'S Sporting Goods during the 4th quarter valued at $1,893,210,000. Wellington Management Group LLP increased its stake in DICK'S Sporting Goods by 416.9% in the 1st quarter. Wellington Management Group LLP now owns 2,829,780 shares of the sporting goods retailer's stock worth $570,370,000 after acquiring an additional 2,282,300 shares during the last quarter. Norges Bank bought a new position in DICK'S Sporting Goods in the 4th quarter worth about $221,693,000. Westfield Capital Management Co. LP increased its stake in DICK'S Sporting Goods by 1,899.2% in the 1st quarter. Westfield Capital Management Co. LP now owns 630,566 shares of the sporting goods retailer's stock worth $127,097,000 after acquiring an additional 599,025 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of DICK'S Sporting Goods by 8.8% in the 1st quarter. Vanguard Group Inc. now owns 5,850,223 shares of the sporting goods retailer's stock worth $1,179,171,000 after purchasing an additional 471,217 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors.

About DICK'S Sporting Goods

Dick's Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.