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 Up 0.2 %

DKS Stock opened at $112.47 on Friday. The company has a current ratio of 1.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $9.06 billion, a PE ratio of 8.69, a PEG ratio of 2.08 and a beta of 1.63. DICK'S Sporting Goods has a 1-year low of $63.45 and a 1-year high of $147.39. The business's 50 day simple moving average is $88.45 and its 200 day simple moving average is $96.08.

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

DICK'S Sporting Goods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 24th. Investors of record on Friday, June 10th were issued a dividend of $0.488 per share. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date was Thursday, June 9th. DICK'S Sporting Goods's payout ratio is presently 15.07%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on DKS shares. Cowen lifted their price objective on DICK'S Sporting Goods from $126.00 to $128.00 and gave the company an "outperform" rating in a report on Wednesday. Telsey Advisory Group lifted their price objective on DICK'S Sporting Goods from $110.00 to $125.00 and gave the company an "outperform" rating in a report on Friday. UBS Group cut their price objective on DICK'S Sporting Goods to $85.00 in a report on Thursday, May 26th. Robert W. Baird cut their target price on DICK'S Sporting Goods from $115.00 to $85.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 25th. Finally, DA Davidson cut their target price on DICK'S Sporting Goods to $123.00 in a research note on Thursday, May 26th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $116.47.

Insider Buying and Selling

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