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.

Analyst Ratings Changes

Several equities research analysts have recently commented on DKS shares. Telsey Advisory Group reduced their target price on shares of DICK'S Sporting Goods from $125.00 to $110.00 and set an "outperform" rating on the stock in a research note on Thursday, May 26th. UBS Group dropped their price objective on shares of DICK'S Sporting Goods to $85.00 in a report on Thursday, May 26th. Bank of America reduced their target price on DICK'S Sporting Goods from $160.00 to $130.00 and set a "buy" rating on the stock in a report on Tuesday, May 24th. Robert W. Baird cut their price objective on DICK'S Sporting Goods from $115.00 to $85.00 and set a "neutral" rating for the company in a research report on Wednesday, May 25th. Finally, Cowen reduced their price objective on DICK'S Sporting Goods to $126.00 in a research note on Thursday, May 26th. 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 company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $117.94.

DICK'S Sporting Goods Trading Down 3.4 %

DKS traded down $3.45 during trading on Tuesday, reaching $98.21. 15,756 shares of the company's stock were exchanged, compared to its average volume of 1,368,101. The company's fifty day moving average price is $84.27 and its 200-day moving average price is $96.34. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.87 and a current ratio of 1.88. The firm has a market capitalization of $7.91 billion, a PE ratio of 7.86, a P/E/G ratio of 1.81 and a beta of 1.63. DICK'S Sporting Goods has a fifty-two week low of $63.45 and a fifty-two week high of $147.39.

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

DICK'S Sporting Goods Dividend Announcement

The company also recently disclosed 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 yield of 1.99%. The ex-dividend date of this dividend was Thursday, June 9th. DICK'S Sporting Goods's dividend payout ratio is currently 15.07%.

Insider Buying and Selling at DICK'S Sporting Goods

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