DA Davidson Reiterates "Buy" Rating for DICK'S Sporting Goods (NYSE:DKS)

Key Points

• DA Davidson reiterated its Buy rating on DICK'S Sporting Goods and kept a $260 price target, implying about 16.8% upside from the prior close.
• Other analysts were also generally bullish, with firms like BTIG and Morgan Stanley raising targets, and the overall consensus remaining a Moderate Buy with an average price target of $253.89.
• Despite the positive analyst sentiment, DICK'S recent quarter showed EPS of $2.90, narrowly missing estimates, while revenue beat expectations at $5.16 billion; the company also cut its full-year GAAP EPS guidance, even as sales trends improved.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report)'s stock had its "buy" rating restated by DA Davidson in a research note issued to investors on Thursday,Benzinga reports. They presently have a $260.00 price objective on the sporting goods retailer's stock. DA Davidson's target price suggests a potential upside of 16.80% from the stock's previous close.

Several other brokerages have also recently weighed in on DKS. Truist Financial set a $270.00 price target on shares of DICK'S Sporting Goods in a research note on Wednesday. Jefferies Financial Group upped their price target on DICK'S Sporting Goods from $210.00 to $224.00 and gave the stock a "hold" rating in a research note on Wednesday. BTIG Research reaffirmed a "buy" rating and set a $300.00 price objective on shares of DICK'S Sporting Goods in a report on Thursday. Morgan Stanley raised their price objective on DICK'S Sporting Goods from $250.00 to $270.00 and gave the company an "overweight" rating in a research report on Thursday. Finally, Wells Fargo & Company reiterated a "positive" rating on shares of DICK'S Sporting Goods in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $253.89.

DICK'S Sporting Goods Stock Up 1.5%

DKS traded up $3.39 during trading on Thursday, hitting $222.60. 335,221 shares of the company's stock traded hands, compared to its average volume of 1,171,879. The stock has a market capitalization of $19.82 billion, a price-to-earnings ratio of 21.76, a PEG ratio of 3.31 and a beta of 1.21. The company has a current ratio of 1.53, a quick ratio of 0.47 and a debt-to-equity ratio of 0.34. DICK'S Sporting Goods has a 12-month low of $170.73 and a 12-month high of $237.75. The company's 50 day simple moving average is $212.20 and its two-hundred day simple moving average is $209.66.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its quarterly earnings data on Wednesday, May 27th. The sporting goods retailer reported $2.90 EPS for the quarter, missing the consensus estimate of $2.91 by ($0.01). The business had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.07 billion. DICK'S Sporting Goods had a return on equity of 27.12% and a net margin of 4.93%.DICK'S Sporting Goods's quarterly revenue was up 62.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.37 earnings per share. DICK'S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. Analysts predict that DICK'S Sporting Goods will post 14.28 earnings per share for the current fiscal year.

Insider Buying and Selling at DICK'S Sporting Goods

In related news, Chairman Edward W. Stack sold 210,478 shares of DICK'S Sporting Goods stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $197.69, for a total transaction of $41,609,395.82. Following the transaction, the chairman directly owned 6,549,026 shares of the company's stock, valued at $1,294,676,949.94. This trade represents a 3.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Julie Lodge-Jarrett sold 4,140 shares of DICK'S Sporting Goods stock in a transaction on Friday, April 17th. The shares were sold at an average price of $223.56, for a total value of $925,538.40. Following the completion of the transaction, the executive vice president owned 24,757 shares in the company, valued at $5,534,674.92. This represents a 14.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 28.91% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of DKS. Clearstead Advisors LLC lifted its holdings in shares of DICK'S Sporting Goods by 46.9% during the 3rd quarter. Clearstead Advisors LLC now owns 144 shares of the sporting goods retailer's stock valued at $32,000 after purchasing an additional 46 shares during the last quarter. Jacobi Capital Management LLC raised its stake in shares of DICK'S Sporting Goods by 4.5% during the 4th quarter. Jacobi Capital Management LLC now owns 1,189 shares of the sporting goods retailer's stock valued at $235,000 after buying an additional 51 shares during the last quarter. Lido Advisors LLC raised its position in DICK'S Sporting Goods by 3.9% during the third quarter. Lido Advisors LLC now owns 1,358 shares of the sporting goods retailer's stock valued at $302,000 after acquiring an additional 51 shares in the last quarter. Bath Savings Trust Co increased its holdings in shares of DICK'S Sporting Goods by 0.4% during the 4th quarter. Bath Savings Trust Co now owns 12,366 shares of the sporting goods retailer's stock valued at $2,448,000 after purchasing an additional 53 shares in the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO raised its position in shares of DICK'S Sporting Goods by 0.3% in the fourth quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 16,458 shares of the sporting goods retailer's stock worth $3,258,000 after acquiring an additional 54 shares during the period. Institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods News Roundup

Here are the key news stories impacting DICK'S Sporting Goods this week:

• Positive Sentiment: JPMorgan upgraded DICK'S Sporting Goods from neutral to overweight and lifted its price target to $270, signaling confidence in further upside after the recent pullback.
• Positive Sentiment: BTIG reaffirmed its buy rating and raised its price target to $300, citing room for continued share gains and execution strength.
• Positive Sentiment: The company reported 6.0% comparable sales growth, with DICK'S core business and Foot Locker both showing stronger trends, suggesting the integration is starting to help performance.
• Positive Sentiment: DICK'S raised the low end of its comparable sales outlook for both businesses and said Foot Locker’s Fast Break remodels are generating double-digit comps, reinforcing the growth story.
• Neutral Sentiment: DICK'S announced a quarterly dividend of $1.25 per share, which may appeal to income-focused investors but is unlikely to be the main driver of the stock move.
• Negative Sentiment: Q1 earnings came in slightly below expectations at $2.90 per share versus $2.91 expected, and EPS fell from a year ago, highlighting margin and integration pressure.
• Negative Sentiment: Management cut its full-year GAAP EPS guidance to $13.27-$14.27 from $13.70-$14.70, suggesting profits may be lower than previously expected despite stronger sales.

DICK'S Sporting Goods Company Profile

DICK'S Sporting Goods is a leading U.S.-based sporting goods retailer that sells a broad range of sports equipment, apparel, footwear and outdoor gear. The company operates an omnichannel business combining physical stores with digital sales, offering products for team sports, fitness, hunting and fishing, golf, and general active lifestyle categories. In addition to its flagship DICK'S stores, the company operates specialty formats such as Golf Galaxy and branded service offerings including team-sports sales and custom equipment solutions.

The company traces its roots to a single sporting goods outlet founded in 1948 and has since grown into a national retail chain serving customers across the United States.

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