What is DA Davidson's Forecast for DKS FY2026 Earnings?

DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) - Stock analysts at DA Davidson issued their FY2026 earnings per share estimates for DICK'S Sporting Goods in a research note issued to investors on Thursday, May 29th. DA Davidson analyst M. Baker expects that the sporting goods retailer will post earnings per share of $14.36 for the year. DA Davidson currently has a "Buy" rating and a $230.00 target price on the stock. The consensus estimate for DICK'S Sporting Goods' current full-year earnings is $13.89 per share.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share for the quarter, hitting the consensus estimate of $3.37. DICK'S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.12 billion.

DKS has been the topic of several other reports. Guggenheim reaffirmed a "neutral" rating on shares of DICK'S Sporting Goods in a research report on Wednesday, March 12th. Truist Financial set a $230.00 price target on DICK'S Sporting Goods in a research note on Wednesday, May 28th. TD Cowen downgraded shares of DICK'S Sporting Goods from a "buy" rating to a "hold" rating and set a $216.00 target price for the company. in a research report on Thursday, May 15th. JPMorgan Chase & Co. decreased their price objective on shares of DICK'S Sporting Goods from $224.00 to $195.00 and set a "neutral" rating for the company in a research note on Thursday, May 29th. Finally, Gordon Haskett downgraded shares of DICK'S Sporting Goods from a "buy" rating to a "reduce" rating and set a $170.00 target price on the stock. in a research note on Friday, May 16th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $220.11.

DICK'S Sporting Goods Trading Up 0.7%

Shares of DKS traded up $1.22 during mid-day trading on Monday, reaching $177.70. The company had a trading volume of 1,173,113 shares, compared to its average volume of 1,250,351. DICK'S Sporting Goods has a fifty-two week low of $166.37 and a fifty-two week high of $254.60. The firm has a fifty day simple moving average of $187.29 and a 200-day simple moving average of $209.81. The stock has a market cap of $14.19 billion, a price-to-earnings ratio of 12.70, a price-to-earnings-growth ratio of 2.47 and a beta of 1.16. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48.

DICK'S Sporting Goods declared that its board has initiated a share buyback program on Tuesday, March 11th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the sporting goods retailer to repurchase up to 18.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its stock is undervalued.

DICK'S Sporting Goods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be paid a $1.2125 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.73%. DICK'S Sporting Goods's dividend payout ratio (DPR) is presently 34.69%.

Hedge Funds Weigh In On DICK'S Sporting Goods

A number of hedge funds have recently bought and sold shares of DKS. Wealthfront Advisers LLC bought a new position in DICK'S Sporting Goods during the 4th quarter worth approximately $1,893,210,000. Wellington Management Group LLP raised its position in shares of DICK'S Sporting Goods by 416.9% during 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 in the last quarter. Norges Bank bought a new position in DICK'S Sporting Goods during the fourth quarter worth $221,693,000. Westfield Capital Management Co. LP boosted its holdings in DICK'S Sporting Goods by 1,899.2% in the first quarter. Westfield Capital Management Co. LP now owns 630,566 shares of the sporting goods retailer's stock worth $127,097,000 after purchasing an additional 599,025 shares during the period. Finally, Vanguard Group Inc. increased its stake in DICK'S Sporting Goods by 8.8% during the first quarter. Vanguard Group Inc. now owns 5,850,223 shares of the sporting goods retailer's stock valued at $1,179,171,000 after purchasing an additional 471,217 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

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.