JPMorgan Chase & Co. Cuts DICK'S Sporting Goods (NYSE:DKS) Price Target to $245.00

Key Points

• JPMorgan lowered DICK’S Sporting Goods’ price target from $270 to $245 while maintaining an “overweight” rating, implying approximately 33% upside from the stock’s $183.78 price.
• Analyst sentiment remains broadly positive: the stock has a consensus “Moderate Buy” rating and an average price target of $256.88, despite some recent upgrades and downgrades.
• DICK’S reported quarterly revenue of $5.16 billion, up 62.7% year over year, but earnings per share of $2.90 narrowly missed estimates; institutional investors own approximately 89.83% of the company.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) had its target price lowered by stock analysts at JPMorgan Chase & Co. from $270.00 to $245.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an "overweight" rating on the sporting goods retailer's stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 33.32% from the company's current price.

Other analysts have also issued research reports about the stock. UBS Group upgraded shares of DICK'S Sporting Goods from a "buy" rating to a "positive" rating in a research report on Monday, August 10th. Weiss Ratings downgraded DICK'S Sporting Goods from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, June 5th. Telsey Advisory Group increased their price target on DICK'S Sporting Goods from $240.00 to $255.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 20th. The Goldman Sachs Group reissued a "buy" rating on shares of DICK'S Sporting Goods in a research note on Monday, August 3rd. Finally, Truist Financial raised their price objective on DICK'S Sporting Goods from $252.00 to $270.00 and gave the stock a "buy" rating in a report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $256.88.

DICK'S Sporting Goods Stock Performance

Shares of NYSE DKS traded up $0.55 during midday trading on Monday, reaching $183.78. 214,337 shares of the company were exchanged, compared to its average volume of 1,226,412. The company has a current ratio of 1.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.34. DICK'S Sporting Goods has a 1 year low of $176.07 and a 1 year high of $244.38. The stock has a fifty day simple moving average of $213.93 and a 200 day simple moving average of $211.41. The stock has a market cap of $16.45 billion, a P/E ratio of 17.46, a PEG ratio of 1.60 and a beta of 1.21.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.91 by ($0.01). DICK'S Sporting Goods had a net margin of 4.71% and a return on equity of 22.22%. The firm had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.07 billion. During the same period in the prior year, the firm posted $3.37 earnings per share. The business's quarterly revenue was up 62.7% compared to the same quarter last year. DICK'S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. On average, research analysts forecast that DICK'S Sporting Goods will post 14.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Brown Advisory Inc. raised its stake in shares of DICK'S Sporting Goods by 9.6% in the 2nd quarter. Brown Advisory Inc. now owns 1,143 shares of the sporting goods retailer's stock valued at $226,000 after purchasing an additional 100 shares in the last quarter. Cerity Partners LLC grew its position in shares of DICK'S Sporting Goods by 54.1% in the 2nd quarter. Cerity Partners LLC now owns 1,600 shares of the sporting goods retailer's stock worth $316,000 after acquiring an additional 562 shares in the last quarter. Bank of Nova Scotia acquired a new position in shares of DICK'S Sporting Goods in the 2nd quarter worth approximately $417,000. Daiwa Securities Group Inc. grew its position in shares of DICK'S Sporting Goods by 9.8% in the 2nd quarter. Daiwa Securities Group Inc. now owns 5,974 shares of the sporting goods retailer's stock worth $1,182,000 after acquiring an additional 531 shares in the last quarter. Finally, NewEdge Advisors LLC increased its holdings in shares of DICK'S Sporting Goods by 4.4% in the 2nd quarter. NewEdge Advisors LLC now owns 2,951 shares of the sporting goods retailer's stock valued at $584,000 after acquiring an additional 124 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

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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