DICK'S Sporting Goods (NYSE:DKS) Earns Underperform Rating from Analysts at BNP Paribas Exane

Key Points

• BNP Paribas Exane has initiated coverage of DICK'S Sporting Goods with an "underperform" rating and a price target of $177.00, indicating a potential downside of 21.49% from its current price.
• Despite BNP Paribas Exane's negative outlook, most analysts rate DICK'S Sporting Goods as a "Hold" with an average target price of approximately $234.80, highlighting mixed investor sentiment.
• The company recently reported earnings of $4.38 per share for the last quarter, exceeding analysts' expectations, while also achieving a 5% revenue increase year-over-year.

Research analysts at BNP Paribas Exane began coverage on shares of DICK'S Sporting Goods (NYSE:DKS - Get Free Report) in a research report issued on Friday,Briefing.com Automated Import reports. The firm set an "underperform" rating and a $177.00 price target on the sporting goods retailer's stock. BNP Paribas Exane's target price points to a potential downside of 21.49% from the company's current price.

A number of other analysts also recently weighed in on the company. Loop Capital set a $215.00 price target on DICK'S Sporting Goods and gave the stock a "hold" rating in a report on Wednesday, July 30th. Gordon Haskett upgraded DICK'S Sporting Goods from a "reduce" rating to a "hold" rating in a research note on Friday, July 25th. Oppenheimer restated an "outperform" rating and issued a $270.00 target price on shares of DICK'S Sporting Goods in a research note on Friday, August 29th. Barclays raised their target price on DICK'S Sporting Goods from $232.00 to $246.00 and gave the company an "overweight" rating in a research note on Tuesday, September 2nd. Finally, Citigroup upgraded DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and raised their target price for the company from $225.00 to $280.00 in a research note on Tuesday, September 9th. Eleven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, DICK'S Sporting Goods has a consensus rating of "Hold" and an average target price of $234.80.

DICK'S Sporting Goods Stock Performance

Shares of DICK'S Sporting Goods stock opened at $225.44 on Friday. 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 business has a 50-day moving average price of $219.57 and a two-hundred day moving average price of $200.37. DICK'S Sporting Goods has a 1-year low of $166.37 and a 1-year high of $254.60. The company has a market cap of $18.06 billion, a P/E ratio of 15.74, a PEG ratio of 3.30 and a beta of 1.02.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued 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. DICK'S Sporting Goods had a return on equity of 36.54% and a net margin of 8.52%.The firm had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same period last year, the business posted $4.37 EPS. The business'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. As a group, analysts anticipate that DICK'S Sporting Goods will post 13.89 EPS for the current year.

Insider Buying and Selling at DICK'S Sporting Goods

In other news, SVP Elizabeth H. Baran sold 1,830 shares of the company's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $204.65, for a total transaction of $374,509.50. Following the completion of the transaction, the senior vice president directly owned 12,465 shares of the company's stock, valued at approximately $2,550,962.25. This represents a 12.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Navdeep Gupta sold 13,334 shares of the company's stock in a transaction dated 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 directly owned 74,444 shares of the company's stock, valued at approximately $16,749,900. This trade represents a 15.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,467 shares of company stock valued at $5,374,805 over the last three months. 32.55% of the stock is currently owned by insiders.

Hedge Funds Weigh In On DICK'S Sporting Goods

Several hedge funds and other institutional investors have recently modified their holdings of DKS. Toronto Dominion Bank raised its stake in shares of DICK'S Sporting Goods by 6.5% during the fourth quarter. Toronto Dominion Bank now owns 7,801 shares of the sporting goods retailer's stock valued at $1,785,000 after acquiring an additional 479 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of DICK'S Sporting Goods during the fourth quarter valued at about $6,483,000. Park Square Financial Group LLC bought a new position in shares of DICK'S Sporting Goods during the fourth quarter valued at about $27,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of DICK'S Sporting Goods by 11.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,688 shares of the sporting goods retailer's stock valued at $2,217,000 after acquiring an additional 970 shares during the last quarter. Finally, California State Teachers Retirement System raised its stake in shares of DICK'S Sporting Goods by 2.2% during the fourth quarter. California State Teachers Retirement System now owns 76,354 shares of the sporting goods retailer's stock valued at $17,473,000 after acquiring an additional 1,631 shares during the last quarter. 89.83% of the stock is owned by 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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