DICK'S Sporting Goods, Inc. (NYSE:DKS) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• DICK'S Sporting Goods has a consensus analyst rating of “Moderate Buy”, based on coverage from 19 research firms. The average 1-year price target is about $254.71.
• Recent analyst updates have been mostly bullish, with firms like Truist, Telsey, Morgan Stanley, and Barclays raising price targets and maintaining buy/overweight-style ratings.
• The company recently reported fiscal Q1 results with EPS of $2.90, just below estimates, while revenue of $5.16 billion came in above expectations and rose 62.7% year over year. DICK'S also paid a quarterly dividend of $1.25, equal to a 2.3% yield.

Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Get Free Report) have been given a consensus rating of "Moderate Buy" by the nineteen research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $254.7059.

A number of research analysts have recently issued reports on the stock. Truist Financial lifted their target price on shares of DICK'S Sporting Goods from $252.00 to $270.00 and gave the company a "buy" rating in a research note on Wednesday, May 27th. Telsey Advisory Group increased their price target on DICK'S Sporting Goods from $240.00 to $255.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 20th. Wells Fargo & Company reaffirmed a "positive" rating on shares of DICK'S Sporting Goods in a report on Thursday, May 28th. Morgan Stanley lifted 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, May 28th. Finally, Barclays boosted their price objective on DICK'S Sporting Goods from $264.00 to $280.00 and gave the stock an "overweight" rating in a research note on Thursday, May 28th.

DICK'S Sporting Goods Stock Up 0.3%

DKS opened at $217.47 on Friday. The firm has a market cap of $19.46 billion, a price-to-earnings ratio of 20.67, a PEG ratio of 1.89 and a beta of 1.19. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.38 and a current ratio of 1.50. The firm's 50-day simple moving average is $223.34 and its 200-day simple moving average is $212.51. DICK'S Sporting Goods has a twelve month low of $186.67 and a twelve month high of $244.38.

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 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.91 by ($0.01). The firm had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.07 billion. DICK'S Sporting Goods had a net margin of 4.71% and a return on equity of 22.22%. The company's revenue for the quarter was up 62.7% on a year-over-year basis. During the same period in the prior year, the business earned $3.37 earnings per share. DICK'S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. Equities research analysts anticipate that DICK'S Sporting Goods will post 14.24 EPS for the current fiscal year.

DICK'S Sporting Goods Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, June 12th. DICK'S Sporting Goods's payout ratio is currently 47.53%.

Institutional Investors Weigh In On DICK'S Sporting Goods

A number of hedge funds have recently added to or reduced their stakes in the stock. Brown Advisory Inc. increased its holdings in shares of DICK'S Sporting Goods by 9.6% in the second quarter. Brown Advisory Inc. now owns 1,143 shares of the sporting goods retailer's stock valued at $226,000 after purchasing an additional 100 shares in the last quarter. Cerity Partners LLC boosted its position in DICK'S Sporting Goods by 54.1% in the 2nd quarter. Cerity Partners LLC now owns 1,600 shares of the sporting goods retailer's stock valued at $316,000 after buying an additional 562 shares during the last quarter. Bank of Nova Scotia bought a new position in DICK'S Sporting Goods in the 2nd quarter valued at $417,000. Daiwa Securities Group Inc. increased its stake in shares of DICK'S Sporting Goods by 9.8% in the 2nd quarter. Daiwa Securities Group Inc. now owns 5,974 shares of the sporting goods retailer's stock valued at $1,182,000 after buying an additional 531 shares during the period. Finally, NewEdge Advisors LLC increased its stake in shares of DICK'S Sporting Goods by 4.4% in the 2nd quarter. NewEdge Advisors LLC now owns 2,951 shares of the sporting goods retailer's stock valued at $584,000 after buying an additional 124 shares during the period. 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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