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

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for DICK'S Sporting Goods in the last twelve months. There are currently 12 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" DKS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DKS, but not buy additional shares or sell existing shares.
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21 Wall Street analysts have issued twelve-month price objectives for DICK'S Sporting Goods' shares. Their DKS share price forecasts range from $115.00 to $200.00. On average, they expect the company's stock price to reach $143.17 in the next year. This suggests a possible upside of 32.7% from the stock's current price.
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DICK'S Sporting Goods' stock was trading at $120.29 at the beginning of 2023. Since then, DKS stock has decreased by 10.3% and is now trading at $107.89.
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DICK'S Sporting Goods saw a decrease in short interest during the month of August. As of August 31st, there was short interest totaling 5,310,000 shares, a decrease of 30.5% from the August 15th total of 7,640,000 shares. Based on an average trading volume of 1,640,000 shares, the days-to-cover ratio is presently 3.2 days. Approximately 9.0% of the company's stock are sold short.
View DICK'S Sporting Goods' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 28th 2023.
View our DKS earnings forecast.

DICK'S Sporting Goods, Inc. (NYSE:DKS) released its earnings results on Tuesday, August, 22nd. The sporting goods retailer reported $2.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.76 by $0.94. The sporting goods retailer earned $3.22 billion during the quarter, compared to the consensus estimate of $3.24 billion. DICK'S Sporting Goods had a trailing twelve-month return on equity of 40.52% and a net margin of 8.03%. The company's revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous year, the company earned $3.68 earnings per share.

DICK'S Sporting Goods announced a quarterly dividend on Monday, August 21st. Investors of record on Friday, September 15th will be paid a dividend of $1.00 per share on Friday, September 29th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend is Thursday, September 14th.
Read our dividend analysis for DKS.

ETFs with the largest weight of DICK'S Sporting Goods (NYSE:DKS) stock in their portfolio include Global X Health & Wellness ETF (BFIT), Logan Capital Broad Innovative Growth ETF (LCLG), Alpha Architect U.S. Quantitative Momentum ETF (QMOM), Simplify Market Neutral Equity Long/Short ETF (EQLS), Freedom Day Dividend ETF (MBOX), SPDR S&P Retail ETF (XRT), First Trust Consumer Discretionary AlphaDEX Fund (FXD) and Invesco Zacks Multi-Asset Income ETF (CVY).

DICK'S Sporting Goods (NYSE:DKS) pays an annual dividend of $4.00 per share and currently has a dividend yield of 3.61%. 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 35.49%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DKS will have a dividend payout ratio of 32.21% 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 issued an update on its FY 2023 earnings guidance on Tuesday, August, 22nd. The company provided EPS guidance of $11.50-$12.30 for the period, compared to the consensus earnings per share estimate of $13.49. 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 BlackRock Inc. (7.51%), State Street Corp (2.30%), LSV Asset Management (1.63%), Holocene Advisors LP (1.51%), Geode Capital Management LLC (1.06%) and Goldman Sachs Group Inc. (0.00%). 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, Sandeep Mathrani, 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 $107.89.

DICK'S Sporting Goods (NYSE:DKS) has a market capitalization of $9.17 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 $11.27 on an earnings per share basis.

The company employs 52,800 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.