DICK'S Sporting Goods (NYSE:DKS) Stock Rating Upgraded by Weiss Ratings

Key Points

• DICK'S Sporting Goods has been upgraded from a "hold (c+)" to a "buy (b-)" rating by Weiss Ratings, indicating positive sentiment about the stock's future performance.
• Recent price targets from various analysts show increased optimism, with UBS raising its target to $275 and Citigroup to $280, underpinning a consensus average price target of $232.05.
• The company reported earnings of $4.38 per share for the last quarter, surpassing expectations, with a revenue of $3.65 billion, reflecting a 5% year-over-year increase.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) was upgraded by stock analysts at Weiss Ratings from a "hold (c+)" rating to a "buy (b-)" rating in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

DKS has been the topic of several other reports. Barclays upped their price objective on shares of DICK'S Sporting Goods from $232.00 to $246.00 and gave the company an "overweight" rating in a report on Tuesday, September 2nd. Loop Capital set a $215.00 price target on shares of DICK'S Sporting Goods and gave the company a "hold" rating in a report on Wednesday, July 30th. UBS Group increased their price target on shares of DICK'S Sporting Goods from $225.00 to $275.00 and gave the stock a "buy" rating in a research note on Friday, August 29th. Citigroup raised shares of DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $225.00 to $280.00 in a report on Tuesday, September 9th. Finally, Wells Fargo & Company increased their price objective on shares of DICK'S Sporting Goods from $215.00 to $220.00 and gave the stock an "equal weight" rating in a research note on Friday, August 29th. Twelve analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $232.05.

DICK'S Sporting Goods Price Performance

DKS stock traded up $2.42 during mid-day trading on Wednesday, hitting $227.35. The stock had a trading volume of 939,604 shares, compared to its average volume of 1,456,746. The firm has a market capitalization of $18.21 billion, a P/E ratio of 15.88, a P/E/G ratio of 3.22 and a beta of 1.06. 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 firm has a fifty day simple moving average of $221.87 and a 200 day simple moving average of $202.42. DICK'S Sporting Goods has a 52 week low of $166.37 and a 52 week high of $254.60.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its earnings results on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share for the quarter, beating analysts' consensus estimates of $4.30 by $0.08. DICK'S Sporting Goods had a net margin of 8.52% and a return on equity of 36.54%. The business had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter in the prior year, the firm posted $4.37 EPS. The company's revenue for the quarter 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, research analysts forecast that DICK'S Sporting Goods will post 13.89 EPS for the current year.

Insiders Place Their Bets

In other DICK'S Sporting Goods news, CEO Lauren R. Hobart sold 20,083 shares of the stock in a transaction on Monday, September 29th. The shares were sold at an average price of $220.69, for a total transaction of $4,432,117.27. Following the transaction, the chief executive officer directly owned 299,990 shares of the company's stock, valued at $66,204,793.10. This trade represents a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Navdeep Gupta sold 13,334 shares of the stock in a transaction dated Wednesday, August 13th. The stock was 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 position. The disclosure for this sale can be found here. Insiders have sold 42,720 shares of company stock worth $9,432,412 over the last three months. 32.55% of the stock is currently owned by insiders.

Institutional Investors Weigh In On DICK'S Sporting Goods

Several institutional investors have recently made changes to their positions in DKS. Guggenheim Capital LLC lifted its holdings in DICK'S Sporting Goods by 0.4% in the 2nd quarter. Guggenheim Capital LLC now owns 11,829 shares of the sporting goods retailer's stock valued at $2,340,000 after purchasing an additional 46 shares in the last quarter. Oder Investment Management LLC boosted its stake in shares of DICK'S Sporting Goods by 1.0% during the 1st quarter. Oder Investment Management LLC now owns 5,258 shares of the sporting goods retailer's stock valued at $1,060,000 after buying an additional 51 shares during the last quarter. US Bancorp DE lifted its stake in DICK'S Sporting Goods by 1.1% during the first quarter. US Bancorp DE now owns 4,740 shares of the sporting goods retailer's stock worth $955,000 after purchasing an additional 53 shares during the last quarter. Vontobel Holding Ltd. lifted its stake in DICK'S Sporting Goods by 2.0% in the second quarter. Vontobel Holding Ltd. now owns 2,971 shares of the sporting goods retailer's stock valued at $588,000 after buying an additional 58 shares during the last quarter. Finally, Private Advisor Group LLC lifted its holdings in DICK'S Sporting Goods by 4.4% in the first quarter. Private Advisor Group LLC now owns 1,449 shares of the sporting goods retailer's stock worth $292,000 after purchasing an additional 61 shares during the period. 89.83% of the stock is currently owned by hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.