DICK'S Sporting Goods (DKS) Stock Forecast, Price & News

22 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for DICK'S Sporting Goods in the last twelve months. There are currently 8 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" DKS shares.
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22 Wall Street analysts have issued 1-year price targets for DICK'S Sporting Goods' stock. Their DKS share price forecasts range from $121.00 to $200.00. On average, they anticipate the company's stock price to reach $156.43 in the next twelve months. This suggests a possible upside of 22.7% from the stock's current price.
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DICK'S Sporting Goods' stock was trading at $120.29 at the start of the year. Since then, DKS shares have increased by 6.0% and is now trading at $127.52.
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DICK'S Sporting Goods saw a decline in short interest in the month of April. As of April 30th, there was short interest totaling 7,440,000 shares, a decline of 7.0% from the April 15th total of 8,000,000 shares. Based on an average daily volume of 1,360,000 shares, the days-to-cover ratio is presently 5.5 days. Approximately 12.5% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 22nd 2023.
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DICK'S Sporting Goods, Inc. (NYSE:DKS) released its earnings results on Tuesday, May, 23rd. The sporting goods retailer reported $3.40 EPS for the quarter, beating the consensus estimate of $3.22 by $0.18. The sporting goods retailer had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.80 billion. DICK'S Sporting Goods had a net margin of 8.69% and a trailing twelve-month return on equity of 45.52%. The company's quarterly revenue was up 5.3% compared to the same quarter last year. During the same period last year, the company earned $2.85 earnings per share.

DICK'S Sporting Goods announced a quarterly dividend on Tuesday, May 23rd. Stockholders of record on Friday, June 16th will be paid a dividend of $1.00 per share on Friday, June 30th. This represents a $4.00 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend is Thursday, June 15th.
Read our dividend analysis for DKS.

ETFs with the largest weight of DICK'S Sporting Goods (NYSE:DKS) stock in their portfolio include Invesco DWA Consumer Cyclicals Momentum ETF (PEZ), Global X Health & Wellness ETF (BFIT), Logan Capital Broad Innovative Growth ETF (LCLG), Freedom Day Dividend ETF (MBOX), Invesco S&P MidCap Quality ETF (XMHQ), Innovator IBD Breakout Opportunities ETF (BOUT), SPDR S&P Retail ETF (XRT) and First Trust Active Factor Mid Cap ETF (AFMC).

DICK'S Sporting Goods (NYSE:DKS) pays an annual dividend of $4.00 per share and currently has a dividend yield of 3.12%. The company has been increasing its dividend for 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 34.19%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DKS will have a dividend payout ratio of 28.67% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DKS.

DICK'S Sporting Goods updated its FY 2023 earnings guidance on Friday, May, 26th. The company provided earnings per share (EPS) guidance of $12.90-$13.80 for the period, compared to the consensus EPS estimate of $13.44. The company issued revenue guidance of -.

1,857 employees have rated DICK'S Sporting Goods Chief Executive Officer Edward W. Stack on Glassdoor.com. Edward W. Stack has an approval rating of 80% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other DICK'S Sporting Goods investors own include Walt Disney (DIS), QUALCOMM (QCOM), Advanced Micro Devices (AMD), NVIDIA (NVDA), Micron Technology (MU), Target (TGT), AbbVie (ABBV), Intel (INTC), AT&T (T) and Bank of America (BAC).

DICK'S Sporting Goods trades on the New York Stock Exchange (NYSE) under the ticker symbol "DKS."

DICK'S Sporting Goods' stock is owned by many different institutional and retail investors. Top institutional shareholders include FMR LLC (10.52%), BlackRock Inc. (6.99%), State Street Corp (1.98%), Atreides Management LP (1.94%), LSV Asset Management (1.68%) and Dimensional Fund Advisors LP (1.12%). Insiders that own company stock include Anne Fink, Donald J Germano, Edward W Stack, Edward W Stack, John Edward Hayes III, Julie Lodge-Jarrett, Lauren R Hobart, Lee J Belitsky, Mark J Barrenechea, Navdeep Gupta, Vladimir Rak and William J Colombo.
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Shares of DKS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of DKS stock can currently be purchased for approximately $127.52.

DICK'S Sporting Goods (NYSE:DKS) has a market capitalization of $11.00 billion and generates $12.37 billion in revenue each year. The sporting goods retailer earns $1.04 billion in net income (profit) each year or $11.70 on an earnings per share basis.

The company employs 18,800 workers across the globe.

DICK'S Sporting Goods' mailing address is 345 Court Street, Coraopolis PA, 15108. The official website for the company is www.dickssportinggoods.com. The sporting goods retailer can be reached via phone at (724) 273-3400, via email at investors@dcsg.com, or via fax at 724-227-1902.