DICK'S Sporting Goods (NYSE:DKS) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Key Points

• Wells Fargo raised its price target on DICK'S Sporting Goods to $220 from $200, while keeping an equal weight rating. The new target still implies a slight downside from the prior close.
• Analyst sentiment remains broadly positive overall, with the consensus rating at Moderate Buy and the average price target at $253.89. Several firms recently reiterated or lifted bullish views, including JPMorgan, BTIG, Morgan Stanley, and Truist.
• Recent earnings were mixed: revenue beat estimates, but EPS missed by a penny and fell from a year earlier. The company also trimmed its full-year GAAP EPS guidance even as comparable sales trends improved.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) had its target price lifted by investment analysts at Wells Fargo & Company from $200.00 to $220.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an "equal weight" rating on the sporting goods retailer's stock. Wells Fargo & Company's price objective would suggest a potential downside of 1.17% from the company's previous close.

A number of other equities research analysts have also recently issued reports on the stock. UBS Group reissued a "buy" rating on shares of DICK'S Sporting Goods in a research report on Tuesday, March 3rd. BTIG Research reissued a "buy" rating and issued a $300.00 price objective on shares of DICK'S Sporting Goods in a report on Thursday. Morgan Stanley increased their target price on shares of DICK'S Sporting Goods from $250.00 to $270.00 and gave the stock an "overweight" rating in a research report on Thursday. Truist Financial set a $270.00 price target on shares of DICK'S Sporting Goods in a research report on Wednesday. Finally, JPMorgan Chase & Co. upgraded DICK'S Sporting Goods from a "neutral" rating to an "overweight" rating and set a $270.00 price target for the company in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, DICK'S Sporting Goods presently has an average rating of "Moderate Buy" and a consensus price target of $253.89.

DICK'S Sporting Goods Stock Performance

DKS stock traded up $3.39 during midday trading on Thursday, reaching $222.60. 335,221 shares of the company were exchanged, compared to its average volume of 1,171,879. DICK'S Sporting Goods has a one year low of $170.73 and a one year high of $237.75. The firm has a market capitalization of $19.82 billion, a price-to-earnings ratio of 21.76, a price-to-earnings-growth ratio of 3.31 and a beta of 1.21. The business has a 50-day moving average price of $212.20 and a two-hundred day moving average price of $209.66. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.53 and a quick ratio of 0.47.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its quarterly earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share for the quarter, missing the consensus estimate of $2.91 by ($0.01). The company had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.07 billion. DICK'S Sporting Goods had a net margin of 4.93% and a return on equity of 27.12%. The firm's revenue was up 62.7% compared to the same quarter last year. During the same period in the prior year, the company earned $3.37 earnings per share. DICK'S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. Equities research analysts forecast that DICK'S Sporting Goods will post 14.28 EPS for the current year.

Insider Buying and Selling

In other news, Chairman Edward W. Stack sold 210,478 shares of the business's stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $197.69, for a total transaction of $41,609,395.82. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Julie Lodge-Jarrett sold 4,140 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 24,757 shares of the company's stock, valued at approximately $5,534,674.92. This trade represents a 14.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 28.91% of the company's stock.

Hedge Funds Weigh In On DICK'S Sporting Goods

A number of hedge funds have recently made changes to their positions in DKS. Bank of America Corp DE raised its holdings in DICK'S Sporting Goods by 588.1% during the 3rd quarter. Bank of America Corp DE now owns 3,545,944 shares of the sporting goods retailer's stock worth $787,980,000 after purchasing an additional 3,030,642 shares during the last quarter. Wellington Management Group LLP raised its stake in DICK'S Sporting Goods by 83.9% during the 3rd quarter. Wellington Management Group LLP now owns 6,606,860 shares of the sporting goods retailer's stock worth $1,468,176,000 after buying an additional 3,013,850 shares during the period. Viking Global Investors LP bought a new position in shares of DICK'S Sporting Goods in the 4th quarter worth $509,371,000. Vanguard Group Inc. grew its holdings in shares of DICK'S Sporting Goods by 17.8% during the third quarter. Vanguard Group Inc. now owns 6,719,011 shares of the sporting goods retailer's stock valued at $1,493,099,000 after buying an additional 1,015,599 shares during the last quarter. Finally, Norges Bank acquired a new position in DICK'S Sporting Goods during the 4th quarter valued at about $192,639,000. 89.83% of the stock is currently owned by institutional investors.

Key Headlines Impacting DICK'S Sporting Goods

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

• Positive Sentiment: JPMorgan upgraded DICK'S Sporting Goods from neutral to overweight and lifted its price target to $270, signaling confidence in further upside after the recent pullback.
• Positive Sentiment: BTIG reaffirmed its buy rating and raised its price target to $300, citing room for continued share gains and execution strength.
• Positive Sentiment: The company reported 6.0% comparable sales growth, with DICK'S core business and Foot Locker both showing stronger trends, suggesting the integration is starting to help performance.
• Positive Sentiment: DICK'S raised the low end of its comparable sales outlook for both businesses and said Foot Locker’s Fast Break remodels are generating double-digit comps, reinforcing the growth story.
• Neutral Sentiment: DICK'S announced a quarterly dividend of $1.25 per share, which may appeal to income-focused investors but is unlikely to be the main driver of the stock move.
• Negative Sentiment: Q1 earnings came in slightly below expectations at $2.90 per share versus $2.91 expected, and EPS fell from a year ago, highlighting margin and integration pressure.
• Negative Sentiment: Management cut its full-year GAAP EPS guidance to $13.27-$14.27 from $13.70-$14.70, suggesting profits may be lower than previously expected despite stronger sales.

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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