DICK'S Sporting Goods (NYSE:DKS) Earns Buy Rating from BTIG Research

Key Points

• BTIG Research reiterated a buy rating on DICK'S Sporting Goods and set a $300 price target, implying about 37.5% upside from the current price.
• Analyst sentiment remains broadly positive overall, with MarketBeat showing a Moderate Buy consensus and an average price target of $250.50 across multiple firms covering the stock.
• The company recently reported Q1 revenue of $5.16 billion, which topped estimates, though EPS missed by one cent and the stock was trading down 6.4% on the day of the report.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report)'s stock had its "buy" rating restated by investment analysts at BTIG Research in a research note issued on Thursday,Benzinga reports. They currently have a $300.00 price target on the sporting goods retailer's stock. BTIG Research's price objective indicates a potential upside of 37.52% from the company's current price.

Several other equities analysts have also recently issued reports on DKS. Truist Financial set a $270.00 price objective on DICK'S Sporting Goods in a report on Wednesday. JPMorgan Chase & Co. boosted their price objective on DICK'S Sporting Goods from $228.00 to $240.00 and gave the stock a "neutral" rating in a research note on Friday, May 22nd. Barclays restated an "overweight" rating and set a $280.00 price target on shares of DICK'S Sporting Goods in a research note on Thursday. Robert W. Baird set a $253.00 price objective on DICK'S Sporting Goods in a research note on Wednesday, February 11th. Finally, Wells Fargo & Company reiterated a "positive" rating on shares of DICK'S Sporting Goods in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $250.50.

DICK'S Sporting Goods Trading Down 6.4%

Shares of NYSE:DKS opened at $218.16 on Thursday. The company has a current ratio of 1.53, a quick ratio of 0.47 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $19.42 billion, a PE ratio of 21.35, a P/E/G ratio of 3.31 and a beta of 1.21. DICK'S Sporting Goods has a 12-month low of $170.73 and a 12-month high of $237.75. The business's fifty day simple moving average is $212.20 and its 200-day simple moving average is $209.66.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share for the quarter, missing analysts' consensus estimates of $2.91 by ($0.01). The business had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.07 billion. DICK'S Sporting Goods had a return on equity of 27.12% and a net margin of 4.93%.The firm's revenue for the quarter was up 62.7% compared to the same quarter last year. During the same period in the previous year, the business earned $3.37 EPS. DICK'S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. As a group, equities research 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 other DICK'S Sporting Goods news, Chairman Edward W. Stack sold 210,478 shares of the business's stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $197.69, for a total value of $41,609,395.82. Following the completion of the transaction, the chairman directly owned 6,549,026 shares in the company, valued at approximately $1,294,676,949.94. The trade was a 3.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Julie Lodge-Jarrett sold 4,140 shares of the business's stock in a transaction on Friday, April 17th. The shares were sold at an average price of $223.56, for a total transaction of $925,538.40. Following the sale, the executive vice president directly owned 24,757 shares of the company's stock, 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. Insiders own 28.91% of the company's stock.

Institutional Trading of DICK'S Sporting Goods

A number of institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its position in DICK'S Sporting Goods by 5.8% during the 1st quarter. Bank of America Corp DE now owns 3,382,472 shares of the sporting goods retailer's stock worth $670,710,000 after purchasing an additional 184,727 shares during the period. Kensington Investment Counsel LLC boosted its position in DICK'S Sporting Goods by 8.6% in the 1st quarter. Kensington Investment Counsel LLC now owns 5,166 shares of the sporting goods retailer's stock valued at $1,024,000 after buying an additional 407 shares during the last quarter. Arkadios Wealth Advisors raised its stake in shares of DICK'S Sporting Goods by 1.6% in the 1st quarter. Arkadios Wealth Advisors now owns 13,428 shares of the sporting goods retailer's stock valued at $2,663,000 after purchasing an additional 207 shares in the last quarter. Guardian Partners Inc. raised its stake in shares of DICK'S Sporting Goods by 6.8% in the 1st quarter. Guardian Partners Inc. now owns 1,716 shares of the sporting goods retailer's stock valued at $340,000 after purchasing an additional 109 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of DICK'S Sporting Goods by 2.1% in the 1st quarter. The Manufacturers Life Insurance Company now owns 50,084 shares of the sporting goods retailer's stock valued at $9,931,000 after purchasing an additional 1,012 shares in the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

More DICK'S Sporting Goods News

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

• Positive Sentiment: Q1 revenue beat estimates at $5.16 billion and comparable sales rose 6.0%, showing solid underlying demand. DICK'S Sporting Goods, Inc. Reports First Quarter Results
• Positive Sentiment: Management lifted the low end of its comparable sales outlook for both the DICK'S and Foot Locker businesses, signaling confidence in momentum heading into the rest of the year. DKS Lifts Its Comps Outlook During Q1 Earnings Call on Core Strength
• Positive Sentiment: Jefferies raised its price target to $224 from $210, implying some upside from the recent trading level, even while keeping a Hold rating. Jefferies price target update
• Positive Sentiment: The company announced a quarterly dividend of $1.25 per share, which can support investor sentiment around capital returns. Dividend announcement
• Neutral Sentiment: Foot Locker’s turnaround is gaining traction, with Fast Break remodels reportedly driving double-digit comps, but the acquisition is also adding complexity to the earnings picture. Foot Locker returns to growth but weighs on Dick's Sporting Goods as earnings miss
• Negative Sentiment: Adjusted EPS of $2.90 missed the $2.91 consensus estimate, and full-year GAAP EPS guidance was cut to $13.27-$14.27 from $13.70-$14.70, which is likely weighing on the stock. DICK'S Sporting Goods, Inc. Reports First Quarter Results

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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