DICK'S Sporting Goods (NYSE:DKS) Earns Outperform Rating from Telsey Advisory Group

Key Points

• DICK'S Sporting Goods has received an "outperform" rating from Telsey Advisory Group, with a price target of $255.00, indicating a potential upside of 14.05% from the current stock price.
• The company reported $4.38 EPS for the last quarter, surpassing analysts' estimates of $4.30, with a revenue of $3.65 billion, which was above expected figures.
• Insider trading activity included CEO Lauren R. Hobart selling 40,166 shares at an average price of $204.58, resulting in a significant decrease in her ownership position.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report)'s stock had its "outperform" rating reissued by research analysts at Telsey Advisory Group in a report released on Monday,Benzinga reports. They presently have a $255.00 price target on the sporting goods retailer's stock. Telsey Advisory Group's price objective indicates a potential upside of 14.05% from the stock's current price.

Other analysts also recently issued reports about the company. Loop Capital set a $215.00 target price on DICK'S Sporting Goods and gave the company a "hold" rating in a research note on Wednesday, July 30th. Robert W. Baird dropped their target price on shares of DICK'S Sporting Goods from $230.00 to $185.00 and set a "neutral" rating on the stock in a research report on Friday, May 16th. JPMorgan Chase & Co. boosted their target price on shares of DICK'S Sporting Goods from $195.00 to $235.00 and gave the company a "neutral" rating in a report on Friday, August 29th. Oppenheimer reaffirmed an "outperform" rating and issued a $270.00 price target on shares of DICK'S Sporting Goods in a report on Friday, August 29th. Finally, Gordon Haskett raised shares of DICK'S Sporting Goods from a "reduce" rating to a "hold" rating in a report on Friday, July 25th. Nine equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $232.50.

DICK'S Sporting Goods Price Performance

NYSE DKS traded up $2.34 on Monday, hitting $223.58. 2,226,389 shares of the company's stock were exchanged, compared to its average volume of 1,568,483. The stock has a 50-day moving average of $214.60 and a 200-day moving average of $199.49. The company has a current ratio of 1.70, a quick ratio of 0.55 and a debt-to-equity ratio of 0.44. DICK'S Sporting Goods has a 52 week low of $166.37 and a 52 week high of $254.60. The stock has a market cap of $17.91 billion, a price-to-earnings ratio of 15.61, a P/E/G ratio of 3.17 and a beta of 1.02.

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 EPS for the quarter, beating analysts' consensus estimates of $4.30 by $0.08. DICK'S Sporting Goods had a return on equity of 36.54% and a net margin of 8.52%.The company had revenue of $3.65 billion during the quarter, compared to analysts' expectations of $3.61 billion. During the same period in the prior year, the company earned $4.37 EPS. DICK'S Sporting Goods's revenue 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. Analysts expect that DICK'S Sporting Goods will post 13.89 earnings per share for the current year.

Insider Activity

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

Hedge Funds Weigh In On DICK'S Sporting Goods

Hedge funds and other institutional investors have recently modified their holdings of the business. Park Square Financial Group LLC purchased a new position in shares of DICK'S Sporting Goods in the fourth quarter worth about $27,000. Private Trust Co. NA increased its position in shares of 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 valued at $38,000 after acquiring an additional 66 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new position in shares of DICK'S Sporting Goods in the second quarter valued at approximately $40,000. Golden State Wealth Management LLC grew its holdings in shares of DICK'S Sporting Goods by 1,435.7% in the first quarter. Golden State Wealth Management LLC now owns 215 shares of the sporting goods retailer's stock valued at $43,000 after purchasing an additional 201 shares in the last quarter. Finally, Bessemer Group Inc. grew its holdings in shares of DICK'S Sporting Goods by 49.3% in the first quarter. Bessemer Group Inc. now owns 218 shares of the sporting goods retailer's stock valued at $44,000 after purchasing an additional 72 shares in the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

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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