DICK'S Sporting Goods (NYSE:DKS) Coverage Initiated by Analysts at BNP Paribas

Key Points

• DICK'S Sporting Goods has been upgraded by BNP Paribas to a "strong sell" rating, which contrasts with several other analysts who have given it a "buy" or "overweight" rating with increased price targets.
• The company reported an EPS of $4.38 for the last quarter, exceeding estimates, with revenue rising 5% year-over-year.
• Insider trading activity revealed that executives have sold shares recently, with a significant drop in their ownership percentages after these transactions.

BNP Paribas began coverage on shares of DICK'S Sporting Goods (NYSE:DKS - Get Free Report) in a research note issued to investors on Friday, MarketBeat Ratings reports. The brokerage set a "strong sell" rating on the sporting goods retailer's stock.

A number of other research analysts also recently weighed in on the company. Truist Financial upped their target price on DICK'S Sporting Goods from $230.00 to $248.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Loop Capital set a $215.00 price target on DICK'S Sporting Goods and gave the stock a "hold" rating in a research report on Wednesday, July 30th. Morgan Stanley boosted their price target on DICK'S Sporting Goods from $232.00 to $253.00 and gave the stock an "overweight" rating in a research report on Friday, August 29th. Wells Fargo & Company boosted their price target on DICK'S Sporting Goods from $215.00 to $220.00 and gave the stock an "equal weight" rating in a research report on Friday, August 29th. Finally, DA Davidson set a $250.00 price target on DICK'S Sporting Goods in a research report on Friday, August 29th. Eleven investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $232.05.

DICK'S Sporting Goods Stock Up 1.4%

DKS opened at $228.34 on Friday. The company has a market cap of $18.29 billion, a P/E ratio of 15.95, a P/E/G ratio of 3.23 and a beta of 1.02. The business's 50-day moving average price is $219.95 and its 200-day moving average price is $200.57. 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 12 month low of $166.37 and a 12 month high of $254.60.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its quarterly earnings data 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. 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 for the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter in the previous year, the business earned $4.37 earnings per share. The company's quarterly revenue was up 5.0% on a year-over-year basis. DICK'S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. On average, equities analysts expect that DICK'S Sporting Goods will post 13.89 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Navdeep Gupta sold 13,334 shares of the company's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $225.00, for a total value of $3,000,150.00. Following the completion of the sale, the executive vice president directly owned 74,444 shares in the company, valued at $16,749,900. This represents a 15.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Elizabeth H. Baran sold 1,830 shares of the company's stock in a transaction on 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 sale, the senior vice president owned 12,465 shares of the company's stock, valued at $2,550,962.25. This trade represents a 12.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,467 shares of company stock valued at $5,374,805. Company insiders own 32.55% of the company's stock.

Institutional Investors Weigh In On DICK'S Sporting Goods

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of DICK'S Sporting Goods by 8.8% in the 1st quarter. Vanguard Group Inc. now owns 5,850,223 shares of the sporting goods retailer's stock worth $1,179,171,000 after purchasing an additional 471,217 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of DICK'S Sporting Goods by 416.9% in the 1st quarter. Wellington Management Group LLP now owns 2,829,780 shares of the sporting goods retailer's stock valued at $570,370,000 after acquiring an additional 2,282,300 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in DICK'S Sporting Goods by 2.0% in the first quarter. Dimensional Fund Advisors LP now owns 899,154 shares of the sporting goods retailer's stock worth $181,225,000 after purchasing an additional 17,534 shares during the last quarter. Atreides Management LP bought a new stake in DICK'S Sporting Goods in the second quarter worth about $172,715,000. Finally, Invesco Ltd. lifted its stake in DICK'S Sporting Goods by 36.2% in the first quarter. Invesco Ltd. now owns 808,313 shares of the sporting goods retailer's stock worth $162,924,000 after purchasing an additional 214,718 shares during the last quarter. 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.