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

Key Points

• DA Davidson reaffirmed a Buy rating on DICK’S Sporting Goods and set a $260 price target, implying 33.6% upside from the stock’s $194.61 trading price.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $258.44; other firms have targets ranging from $270 to $280.
• The company reported $5.16 billion in quarterly revenue, up 62.7% year over year, though earnings of $2.90 per share narrowly missed estimates. Institutional investors own approximately 89.83% of the stock.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report)'s stock had its "buy" rating reaffirmed by research analysts at DA Davidson in a report issued on Monday,Benzinga reports. They presently have a $260.00 price objective on the sporting goods retailer's stock. DA Davidson's price target suggests a potential upside of 33.60% from the company's current price.

Several other equities analysts have also weighed in on DKS. Truist Financial increased their price objective on shares of DICK'S Sporting Goods from $252.00 to $270.00 and gave the company a "buy" rating in a research report on Wednesday, May 27th. Barclays upped their target price on DICK'S Sporting Goods from $264.00 to $280.00 and gave the company an "overweight" rating in a research report on Thursday, May 28th. UBS Group upgraded DICK'S Sporting Goods from a "buy" rating to a "positive" rating in a research note on Monday, August 10th. Morgan Stanley increased their price target on DICK'S Sporting Goods from $250.00 to $270.00 and gave the stock an "overweight" rating in a report on Thursday, May 28th. Finally, The Goldman Sachs Group restated a "buy" rating on shares of DICK'S Sporting Goods in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, DICK'S Sporting Goods presently has a consensus rating of "Moderate Buy" and an average price target of $258.44.

DICK'S Sporting Goods Stock Down 3.6%

Shares of NYSE:DKS traded down $7.36 during midday trading on Monday, hitting $194.61. The stock had a trading volume of 826,269 shares, compared to its average volume of 1,200,143. The company has a market cap of $17.42 billion, a P/E ratio of 18.50, a PEG ratio of 1.76 and a beta of 1.21. DICK'S Sporting Goods has a 12 month low of $186.67 and a 12 month high of $244.38. The business's 50-day simple moving average is $216.95 and its 200-day simple moving average is $211.97. The company has a quick ratio of 0.38, a current ratio of 1.50 and a debt-to-equity ratio of 0.34.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 EPS for the quarter, missing analysts' consensus estimates of $2.91 by ($0.01). The firm had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.07 billion. DICK'S Sporting Goods had a net margin of 4.71% and a return on equity of 22.22%. The business's revenue was up 62.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.37 EPS. DICK'S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. On average, sell-side analysts forecast that DICK'S Sporting Goods will post 14.24 earnings per share for the current fiscal year.

Institutional Investors Weigh In On DICK'S Sporting Goods

Hedge funds have recently modified their holdings of the stock. Broad Peak Investment Advisers Pte Ltd lifted its position in DICK'S Sporting Goods by 42.4% in the fourth quarter. Broad Peak Investment Advisers Pte Ltd now owns 37,804 shares of the sporting goods retailer's stock valued at $7,484,000 after purchasing an additional 11,250 shares during the last quarter. Financial Synergies Wealth Advisors Inc. bought a new stake in DICK'S Sporting Goods during the 4th quarter valued at $1,446,000. Principal Financial Group Inc. boosted its position in DICK'S Sporting Goods by 56.3% during the 4th quarter. Principal Financial Group Inc. now owns 503,077 shares of the sporting goods retailer's stock valued at $99,597,000 after buying an additional 181,223 shares during the period. Norges Bank purchased a new stake in DICK'S Sporting Goods during the 4th quarter valued at $192,639,000. Finally, SCS Capital Management LLC grew its holdings in DICK'S Sporting Goods by 10.6% in the 4th quarter. SCS Capital Management LLC now owns 71,121 shares of the sporting goods retailer's stock worth $14,080,000 after acquiring an additional 6,837 shares during the last quarter. Institutional investors own 89.83% of the company's stock.

About DICK'S Sporting Goods

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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