DICK'S Sporting Goods, Inc. (NYSE:DKS) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• DICK'S Sporting Goods, Inc. has received a consensus rating of "Moderate Buy" from brokerages, with ten analysts recommending a buy and ten a hold.
• The company's latest earnings report showed $4.38 earnings per share, exceeding analysts' expectations, along with a revenue of $3.65 billion for the quarter.
• DICK'S Sporting Goods recently announced a quarterly dividend of $1.2125 per share, resulting in a yield of 2.2% and a payout ratio of 33.87%.

Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the twenty ratings firms that are currently covering the stock, MarketBeat.com reports. Ten analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $235.8333.

A number of research firms have recently commented on DKS. Loop Capital set a $215.00 price target on shares of DICK'S Sporting Goods and gave the stock a "hold" rating in a report on Wednesday, July 30th. Gordon Haskett upgraded shares of DICK'S Sporting Goods from a "reduce" rating to a "hold" rating in a research note on Friday, July 25th. DA Davidson set a $250.00 target price on shares of DICK'S Sporting Goods in a research note on Friday, August 29th. Telsey Advisory Group reissued an "outperform" rating and set a $255.00 price target on shares of DICK'S Sporting Goods in a research report on Friday. Finally, Truist Financial raised their price target on shares of DICK'S Sporting Goods from $230.00 to $248.00 and gave the stock a "buy" rating in a research report on Friday, August 29th.

DICK'S Sporting Goods Stock Performance

Shares of NYSE DKS opened at $222.06 on Friday. The firm has a 50 day moving average of $218.01 and a 200 day moving average of $199.93. The company has a current ratio of 1.70, a quick ratio of 0.55 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $17.79 billion, a price-to-earnings ratio of 15.51, a price-to-earnings-growth ratio of 3.18 and a beta of 1.02. DICK'S Sporting Goods has a 12-month low of $166.37 and a 12-month high of $254.60.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its quarterly earnings results on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share for the quarter, topping analysts' consensus estimates of $4.30 by $0.08. The business had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.61 billion. DICK'S Sporting Goods had a net margin of 8.52% and a return on equity of 36.54%. The company's revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the business posted $4.37 earnings per share. DICK'S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. On average, research analysts anticipate that DICK'S Sporting Goods will post 13.89 earnings per share for the current year.

DICK'S Sporting Goods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be issued a $1.2125 dividend. This represents a $4.85 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, September 12th. DICK'S Sporting Goods's payout ratio is presently 33.87%.

Insider Buying and Selling

In other DICK'S Sporting Goods news, CEO Lauren R. Hobart sold 40,166 shares of DICK'S Sporting Goods stock in a transaction on Friday, June 27th. The shares were sold at an average price of $204.58, for a total transaction of $8,217,160.28. Following the sale, the chief executive officer owned 299,990 shares of the company's stock, valued at $61,371,954.20. The trade was a 11.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Elizabeth H. Baran sold 1,830 shares of DICK'S Sporting Goods stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $204.65, for a total transaction of $374,509.50. Following the sale, the senior vice president directly owned 12,465 shares in the company, valued at approximately $2,550,962.25. This trade represents a 12.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 69,200 shares of company stock worth $14,462,923 in the last 90 days. 32.55% of the stock is owned by insiders.

Institutional Trading of DICK'S Sporting Goods

A number of institutional investors and hedge funds have recently bought and sold shares of DKS. Park Square Financial Group LLC purchased a new stake in shares of DICK'S Sporting Goods during the fourth quarter worth approximately $27,000. Private Trust Co. NA boosted its holdings in DICK'S Sporting Goods by 54.1% in the first quarter. Private Trust Co. NA now owns 188 shares of the sporting goods retailer's stock valued at $38,000 after purchasing an additional 66 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new stake in DICK'S Sporting Goods in the 2nd quarter valued at $40,000. Golden State Wealth Management LLC boosted its stake in DICK'S Sporting Goods by 1,435.7% during the 1st quarter. Golden State Wealth Management LLC now owns 215 shares of the sporting goods retailer's stock worth $43,000 after purchasing an additional 201 shares during the period. Finally, Bessemer Group Inc. boosted its stake in DICK'S Sporting Goods by 49.3% during the 1st quarter. Bessemer Group Inc. now owns 218 shares of the sporting goods retailer's stock worth $44,000 after purchasing an additional 72 shares during the period. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

DICK'S Sporting Goods Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.