DICK'S Sporting Goods, Inc. (NYSE:DKS) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• DICK'S Sporting Goods has an average recommendation of "Hold" from 24 analysts, with ten holding, twelve buying, and two selling the stock.
• The company reported $4.38 earnings per share (EPS) for the last quarter, slightly surpassing estimates and showing a 5% increase in revenue compared to the previous year.
• DICK'S Sporting Goods recently declared a quarterly dividend of $1.2125 per share, representing a dividend yield of 2.1% and a payout ratio of 33.87%.

DICK'S Sporting Goods, Inc. (NYSE:DKS - Get Free Report) has received a consensus recommendation of "Hold" from the twenty-four analysts that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and twelve have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $232.0476.

Several brokerages have issued reports on DKS. Barclays upped their price target on shares of DICK'S Sporting Goods from $232.00 to $246.00 and gave the company an "overweight" rating in a report on Tuesday, September 2nd. Weiss Ratings raised shares of DICK'S Sporting Goods from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, October 8th. BNP Paribas set a $177.00 price objective on shares of DICK'S Sporting Goods and gave the company an "underperform" rating in a research note on Friday, September 26th. Loop Capital set a $215.00 price objective on shares of DICK'S Sporting Goods and gave the company a "hold" rating in a research note on Wednesday, July 30th. Finally, JPMorgan Chase & Co. upped their price objective on shares of DICK'S Sporting Goods from $195.00 to $235.00 and gave the company a "neutral" rating in a research note on Friday, August 29th.

DICK'S Sporting Goods Stock Up 1.8%

Shares of NYSE DKS opened at $234.42 on Thursday. DICK'S Sporting Goods has a 12-month low of $166.37 and a 12-month high of $254.60. The company has a market capitalization of $18.78 billion, a PE ratio of 16.37, a price-to-earnings-growth ratio of 3.30 and a beta of 1.06. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.70 and a quick ratio of 0.55. The firm's 50-day moving average is $223.35 and its two-hundred day moving average is $203.08.

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

DICK'S Sporting Goods Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were paid a dividend of $1.2125 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $4.85 annualized dividend and a dividend yield of 2.1%. DICK'S Sporting Goods's dividend payout ratio is presently 33.87%.

Insider Activity at DICK'S Sporting Goods

In related news, EVP Navdeep Gupta sold 13,334 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $225.00, for a total transaction of $3,000,150.00. Following the transaction, the executive vice president owned 74,444 shares of the company's stock, valued at approximately $16,749,900. This represents a 15.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Lauren R. Hobart sold 20,083 shares of the stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $220.69, for a total transaction of $4,432,117.27. Following the transaction, the chief executive officer directly owned 299,990 shares in the company, valued at approximately $66,204,793.10. This represents a 6.27% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 32.55% of the company's stock.

Hedge Funds Weigh In On DICK'S Sporting Goods

A number of large investors have recently bought and sold shares of DKS. Private Trust Co. NA raised its stake in DICK'S Sporting Goods by 54.1% during the first quarter. Private Trust Co. NA now owns 188 shares of the sporting goods retailer's stock worth $38,000 after purchasing an additional 66 shares during the period. Atlantic Union Bankshares Corp purchased a new position in DICK'S Sporting Goods during the second quarter worth approximately $40,000. Golden State Wealth Management LLC raised its stake in DICK'S Sporting Goods by 1,435.7% during the first 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. Bessemer Group Inc. raised its stake in DICK'S Sporting Goods by 49.3% during the first 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. Finally, First Horizon Advisors Inc. raised its stake in DICK'S Sporting Goods by 389.4% during the second quarter. First Horizon Advisors Inc. now owns 230 shares of the sporting goods retailer's stock worth $45,000 after purchasing an additional 183 shares during the period. Hedge funds and other institutional investors own 89.83% of the company's stock.

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.

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