DICK'S Sporting Goods (NYSE:DKS) Price Target Raised to $255.00

Key Points

• DICK'S Sporting Goods had its price target raised from $220.00 to $255.00 by Telsey Advisory Group, indicating a potential upside of 14.26% from the previous close.
• The company reported quarterly earnings of $3.37 EPS, meeting consensus estimates, with revenue surpassing analyst expectations at $3.16 billion.
• While Telsey Advisory maintains an "outperform" rating, other analysts have varied valuations, with some lowering their price targets significantly, resulting in an overall consensus rating of "Hold" for the stock.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) had its price target boosted by investment analysts at Telsey Advisory Group from $220.00 to $255.00 in a research note issued on Friday, Marketbeat reports. The firm presently has an "outperform" rating on the sporting goods retailer's stock. Telsey Advisory Group's price target would suggest a potential upside of 14.26% from the stock's previous close.

DKS has been the topic of a number of other research reports. JPMorgan Chase & Co. dropped their price objective on DICK'S Sporting Goods from $224.00 to $195.00 and set a "neutral" rating on the stock in a research report on Thursday, May 29th. Robert W. Baird dropped their price objective on 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. Wall Street Zen raised DICK'S Sporting Goods from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. Wells Fargo & Company raised their price objective on DICK'S Sporting Goods from $187.00 to $215.00 and gave the company an "equal weight" rating in a research report on Thursday, August 14th. Finally, Barclays raised their price objective on DICK'S Sporting Goods from $217.00 to $232.00 and gave the company an "overweight" rating in a research report on Thursday, May 29th. Nine analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $225.00.

DICK'S Sporting Goods Stock Performance

Shares of DICK'S Sporting Goods stock opened at $223.1810 on Friday. The firm has a market cap of $17.87 billion, a P/E ratio of 15.96, a P/E/G ratio of 3.18 and a beta of 1.07. The company has a current ratio of 1.62, a quick ratio of 0.47 and a debt-to-equity ratio of 0.49. DICK'S Sporting Goods has a 12 month low of $166.37 and a 12 month high of $254.60. The stock's fifty day moving average price is $206.21 and its 200-day moving average price is $201.43.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 EPS for the quarter, meeting the consensus estimate of $3.37. The firm had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.12 billion. DICK'S Sporting Goods had a return on equity of 38.06% and a net margin of 8.49%. DICK'S Sporting Goods has set its FY 2025 guidance at 13.800-14.400 EPS. On average, equities research analysts expect that DICK'S Sporting Goods will post 13.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Elizabeth H. Baran sold 1,830 shares of the firm's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $204.65, for a total value of $374,509.50. Following the completion of the transaction, the senior vice president directly owned 12,465 shares in the company, valued at $2,550,962.25. This trade represents a 12.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert W. Eddy acquired 1,280 shares of DICK'S Sporting Goods stock in a transaction dated Thursday, June 26th. The stock was purchased at an average price of $194.99 per share, with a total value of $249,587.20. Following the completion of the purchase, the director owned 6,048 shares of the company's stock, valued at approximately $1,179,299.52. The trade was a 26.85% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 69,200 shares of company stock valued at $14,462,923. 32.55% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Campbell Capital Management Inc. purchased a new position in shares of DICK'S Sporting Goods in the second quarter worth about $10,430,000. Old North State Trust LLC acquired a new stake in DICK'S Sporting Goods during the 2nd quarter worth about $280,000. Nomura Holdings Inc. acquired a new stake in DICK'S Sporting Goods during the 2nd quarter worth about $11,363,000. Kestra Investment Management LLC grew its position in DICK'S Sporting Goods by 27,760.0% during the 2nd quarter. Kestra Investment Management LLC now owns 1,393 shares of the sporting goods retailer's stock worth $276,000 after purchasing an additional 1,388 shares during the period. Finally, CANADA LIFE ASSURANCE Co grew its position in DICK'S Sporting Goods by 4.9% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 47,768 shares of the sporting goods retailer's stock worth $9,455,000 after purchasing an additional 2,244 shares during the period. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

DICK'S Sporting Goods Company Profile

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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