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

DICK'S Sporting Goods, Inc., together with its subsidiaries, operates as a sporting goods retailer primarily in the eastern United States. The company provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories. It also owns and operates Sporting Goods, Golf Galaxy, Field & Stream, Public Lands, Going Going Gone!, and other specialty concept stores; and DICK'S House of Sports and Golf Galaxy Performance Center, as well as GameChanger, a youth sports mobile application for video streaming, scorekeeping, scheduling, and communications. The company sells its product through e-commerce websites and mobile applications. As of January 29, 2022, it operated 730 DICK'S Sporting Goods stores. The company was formerly known as Dick'S Clothing and Sporting Goods, Inc. and changed its name to DICK'S Sporting Goods, Inc. in April 1999. DICK'S Sporting Goods, Inc. was incorporated in 1948 and is headquartered in Coraopolis, Pennsylvania.

DICK'S Sporting Goods Stock Performance

DICK'S Sporting Goods stock traded up $2.83 during midday trading on Thursday, reaching $104.80. 63,966 shares of the company traded hands, compared to its average volume of 1,275,904. The firm has a market capitalization of $8.44 billion, a price-to-earnings ratio of 7.88, a price-to-earnings-growth ratio of 1.82 and a beta of 1.63. The business has a 50 day moving average of $85.05 and a two-hundred day moving average of $96.30. DICK'S Sporting Goods has a 12 month low of $63.45 and a 12 month high of $147.39. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.88 and a quick ratio of 0.87.

DICK'S Sporting Goods (NYSE:DKS - Get Rating) last issued its quarterly earnings data on Wednesday, May 25th. The sporting goods retailer reported $2.85 earnings per share for the quarter, beating analysts' consensus estimates of $2.43 by $0.42. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.63 billion. DICK'S Sporting Goods had a net margin of 11.75% and a return on equity of 58.42%. The firm's revenue for the quarter was down 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.79 earnings per share. As a group, research analysts predict that DICK'S Sporting Goods will post 10.77 earnings per share for the current year.

DICK'S Sporting Goods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 24th. Shareholders of record on Friday, June 10th were given a $0.488 dividend. The ex-dividend date of this dividend was Thursday, June 9th. This represents a $1.95 annualized dividend and a yield of 1.86%. DICK'S Sporting Goods's payout ratio is presently 15.07%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DKS. Bank of America lowered their price objective on shares of DICK'S Sporting Goods from $160.00 to $130.00 and set a "buy" rating for the company in a research note on Tuesday, May 24th. Telsey Advisory Group lowered their price objective on shares of DICK'S Sporting Goods from $125.00 to $110.00 and set an "outperform" rating for the company in a research note on Thursday, May 26th. UBS Group reduced their price target on shares of DICK'S Sporting Goods to $85.00 in a research report on Thursday, May 26th. DA Davidson reduced their price target on shares of DICK'S Sporting Goods to $123.00 in a research report on Thursday, May 26th. Finally, Robert W. Baird reduced their price target on shares of DICK'S Sporting Goods from $115.00 to $85.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 25th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, DICK'S Sporting Goods presently has a consensus rating of "Hold" and a consensus price target of $117.94.

Insiders Place Their Bets

In other DICK'S Sporting Goods news, Director William J. Colombo purchased 5,000 shares of the firm's stock in a transaction on Tuesday, May 31st. The shares were acquired at an average cost of $80.99 per share, for a total transaction of $404,950.00. Following the completion of the transaction, the director now owns 162,003 shares of the company's stock, valued at $13,120,622.97. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director William J. Colombo acquired 5,000 shares of DICK'S Sporting Goods stock in a transaction dated Tuesday, May 31st. The stock was purchased at an average cost of $80.99 per share, with a total value of $404,950.00. Following the completion of the purchase, the director now directly owns 162,003 shares in the company, valued at approximately $13,120,622.97. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP John Edward Hayes III sold 1,200 shares of the stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $84.57, for a total transaction of $101,484.00. Following the completion of the sale, the senior vice president now directly owns 34,231 shares of the company's stock, valued at $2,894,915.67. The disclosure for this sale can be found here. Insiders own 32.83% of the company's stock.