Telsey Advisory Group Reiterates Outperform Rating for DICK'S Sporting Goods (NYSE:DKS)

Key Points

• DICK'S Sporting Goods received an "outperform" rating from Telsey Advisory Group, with a price target of $255.00, indicating a potential upside of 12.23% from its previous close.
• The company reported $4.38 earnings per share for the last quarter, exceeding analyst estimates, with revenues of $3.65 billion, up 5.0% compared to the previous year.
• Institutional investors own 89.83% of DICK'S Sporting Goods stock, with notable stake increases from firms like Wellington Management Group, which raised its stake by 416.9% in the first quarter.

Telsey Advisory Group reaffirmed their outperform rating on shares of DICK'S Sporting Goods (NYSE:DKS - Free Report) in a research report report published on Friday morning,Benzinga reports. The firm currently has a $255.00 price objective on the sporting goods retailer's stock.

Several other research firms have also commented on DKS. JPMorgan Chase & Co. boosted their price target on DICK'S Sporting Goods from $195.00 to $235.00 and gave the stock a "neutral" rating in a research report on Friday, August 29th. Wells Fargo & Company upped their target price on DICK'S Sporting Goods from $215.00 to $220.00 and gave the company an "equal weight" rating in a research report on Friday, August 29th. Citigroup raised DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and upped their target price for the company from $225.00 to $280.00 in a research report on Tuesday, September 9th. Cowen reaffirmed a "hold" rating on shares of DICK'S Sporting Goods in a research report on Monday, August 18th. Finally, Bank of America reduced their target price on DICK'S Sporting Goods from $250.00 to $240.00 and set a "buy" rating on the stock in a research report on Tuesday, June 24th. Eleven research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $237.84.

DICK'S Sporting Goods Stock Up 3.9%

Shares of DKS stock traded up $8.55 during mid-day trading on Friday, hitting $227.79. The stock had a trading volume of 840,845 shares, compared to its average volume of 1,570,098. The firm has a market capitalization of $18.25 billion, a P/E ratio of 15.92, a price-to-earnings-growth ratio of 3.18 and a beta of 1.02. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.70 and a quick ratio of 0.55. DICK'S Sporting Goods has a 12-month low of $166.37 and a 12-month high of $254.60. The firm's 50-day moving average is $218.23 and its two-hundred day moving average is $199.86.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its quarterly earnings results on Thursday, August 28th. The sporting goods retailer reported $4.38 EPS for the quarter, topping the consensus estimate of $4.30 by $0.08. The firm had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.61 billion. DICK'S Sporting Goods had a return on equity of 36.54% and a net margin of 8.52%.The business's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $4.37 EPS. DICK'S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. On average, analysts predict that DICK'S Sporting Goods will post 13.89 earnings per share for the current fiscal year.

DICK'S Sporting Goods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be given a dividend of $1.2125 per share. The ex-dividend date is Friday, September 12th. This represents a $4.85 dividend on an annualized basis and a yield of 2.1%. DICK'S Sporting Goods's dividend payout ratio is currently 33.87%.

Insider Activity at DICK'S Sporting Goods

In other DICK'S Sporting Goods news, SVP Elizabeth H. Baran sold 1,830 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $204.65, for a total transaction of $374,509.50. Following the transaction, the senior vice president owned 12,465 shares in the company, 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 document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Julie Lodge-Jarrett sold 3,541 shares of the firm's stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $187.00, for a total value of $662,167.00. Following the completion of the transaction, the executive vice president owned 19,165 shares in the company, valued at approximately $3,583,855. This trade represents a 15.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 69,200 shares of company stock valued at $14,462,923 in the last ninety days. 32.55% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On DICK'S Sporting Goods

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Caldwell Trust Co acquired a new stake in DICK'S Sporting Goods during the second quarter worth $1,433,000. Osaic Holdings Inc. grew its stake in shares of DICK'S Sporting Goods by 33.8% in the second quarter. Osaic Holdings Inc. now owns 39,026 shares of the sporting goods retailer's stock valued at $7,783,000 after buying an additional 9,866 shares in the last quarter. Orion Porfolio Solutions LLC grew its stake in shares of DICK'S Sporting Goods by 16.8% in the second quarter. Orion Porfolio Solutions LLC now owns 10,500 shares of the sporting goods retailer's stock valued at $2,077,000 after buying an additional 1,507 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of DICK'S Sporting Goods by 5.9% in the second quarter. Thrivent Financial for Lutherans now owns 23,572 shares of the sporting goods retailer's stock valued at $4,680,000 after buying an additional 1,316 shares in the last quarter. Finally, Campbell Capital Management Inc. acquired a new stake in shares of DICK'S Sporting Goods in the second quarter valued at $10,430,000. Institutional investors and hedge funds own 89.83% of the company's stock.

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.