Truist Financial Boosts DICK'S Sporting Goods (NYSE:DKS) Price Target to $275.00

Key Points

• Truist Financial raised its price target for DICK'S Sporting Goods from $248.00 to $275.00, indicating a potential upside of 18.72% from its current stock price.
• The stock recently traded at $231.64, representing a slight increase of 0.5%, with a market capitalization of $18.55 billion.
• Recent earnings showed DICK'S report of $4.38 EPS, exceeding expectations of $4.30, and revenue of $3.65 billion, a 5% increase compared to the same quarter last year.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) had its price objective lifted by equities research analysts at Truist Financial from $248.00 to $275.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a "buy" rating on the sporting goods retailer's stock. Truist Financial's target price suggests a potential upside of 18.72% from the stock's current price.

A number of other equities analysts have also issued reports on DKS. Bank of America decreased their price objective on DICK'S Sporting Goods from $250.00 to $240.00 and set a "buy" rating for the company in a report on Tuesday, June 24th. Barclays increased their price objective on DICK'S Sporting Goods from $232.00 to $246.00 and gave the stock an "overweight" rating in a report on Tuesday, September 2nd. Gordon Haskett raised DICK'S Sporting Goods from a "reduce" rating to a "hold" rating in a report on Friday, July 25th. Loop Capital set a $215.00 price objective on DICK'S Sporting Goods and gave the stock a "hold" rating in a report on Wednesday, July 30th. Finally, Oppenheimer reissued an "outperform" rating and issued a $270.00 price objective on shares of DICK'S Sporting Goods in a report on Friday, August 29th. Twelve analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $233.33.

DICK'S Sporting Goods Stock Up 0.5%

Shares of NYSE:DKS traded up $1.27 during trading on Friday, hitting $231.64. The company's stock had a trading volume of 29,193 shares, compared to its average volume of 1,536,743. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.55 and a current ratio of 1.70. DICK'S Sporting Goods has a fifty-two week low of $166.37 and a fifty-two week high of $254.60. The stock's 50-day moving average price is $223.66 and its two-hundred day moving average price is $203.28. The company has a market capitalization of $18.55 billion, a PE ratio of 16.18, a PEG ratio of 3.35 and a beta of 1.06.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its quarterly earnings results 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 business had revenue of $3.65 billion for the quarter, compared to analysts' expectations of $3.61 billion. During the same quarter in the previous year, the firm posted $4.37 earnings per share. The company's revenue 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, sell-side analysts expect that DICK'S Sporting Goods will post 13.89 EPS for the current year.

Insider Activity at DICK'S Sporting Goods

In other news, EVP Navdeep Gupta sold 13,334 shares of the stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $225.00, for a total transaction of $3,000,150.00. Following the transaction, the executive vice president owned 74,444 shares in the company, valued at $16,749,900. This represents a 15.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Lauren R. Hobart sold 20,083 shares of the firm's 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 owned 299,990 shares in the company, valued at $66,204,793.10. This represents a 6.27% decrease in their position. The disclosure for this sale can be found here. Insiders own 32.55% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Bessemer Group Inc. raised its holdings in DICK'S Sporting Goods by 49.3% in the 1st quarter. Bessemer Group Inc. now owns 218 shares of the sporting goods retailer's stock worth $44,000 after acquiring an additional 72 shares during the period. Cerro Pacific Wealth Advisors LLC bought a new position in DICK'S Sporting Goods in the 2nd quarter worth $286,000. OneDigital Investment Advisors LLC bought a new position in DICK'S Sporting Goods in the 1st quarter worth $214,000. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its holdings in DICK'S Sporting Goods by 18.7% in the 2nd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 16,574 shares of the sporting goods retailer's stock worth $3,279,000 after acquiring an additional 2,606 shares during the period. Finally, PFG Investments LLC raised its holdings in DICK'S Sporting Goods by 13.6% in the 1st quarter. PFG Investments LLC now owns 1,111 shares of the sporting goods retailer's stock worth $224,000 after acquiring an additional 133 shares during the period. Institutional investors own 89.83% of the company's stock.

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.

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