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.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. DA Davidson dropped their price target on DICK'S Sporting Goods to $123.00 in a research report on Thursday, May 26th. Cowen boosted their price target on shares of DICK'S Sporting Goods from $126.00 to $128.00 and gave the stock an "outperform" rating in a research note on Wednesday. UBS Group reduced their price objective on shares of DICK'S Sporting Goods to $85.00 in a research report on Thursday, May 26th. Robert W. Baird dropped 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 report on Wednesday, May 25th. Finally, Bank of America decreased their price target on DICK'S Sporting Goods from $160.00 to $130.00 and set a "buy" rating on the stock in a research note on Tuesday, May 24th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, DICK'S Sporting Goods has a consensus rating of "Hold" and a consensus price target of $115.88.

DICK'S Sporting Goods Price Performance

Shares of NYSE:DKS traded down $0.10 during midday trading on Wednesday, hitting $112.75. 56,842 shares of the stock were exchanged, compared to its average volume of 1,200,786. DICK'S Sporting Goods has a twelve month low of $63.45 and a twelve month high of $147.39. 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 company has a 50 day moving average price of $87.17 and a 200-day moving average price of $95.99. The stock has a market cap of $9.08 billion, a P/E ratio of 8.59, a PEG ratio of 1.99 and a beta of 1.63.

DICK'S Sporting Goods (NYSE:DKS - Get Rating) last announced its earnings results on Wednesday, May 25th. The sporting goods retailer reported $2.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.43 by $0.42. The company had revenue of $2.70 billion during the quarter, compared to analysts' expectations 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 quarterly revenue was down 7.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.79 earnings per share. On average, research analysts forecast that DICK'S Sporting Goods will post 10.77 earnings per share for the current year.

DICK'S Sporting Goods Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 24th. Shareholders 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 1.73%. The ex-dividend date was Thursday, June 9th. DICK'S Sporting Goods's dividend payout ratio (DPR) is presently 15.07%.

Insiders Place Their Bets

In related news, Director William J. Colombo acquired 5,000 shares of DICK'S Sporting Goods stock in a transaction dated 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 directly owns 162,003 shares of the company's stock, valued at $13,120,622.97. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director William J. Colombo purchased 5,000 shares of the stock in a transaction dated 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 completion of the acquisition, the director now directly owns 162,003 shares in the company, valued at approximately $13,120,622.97. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP John Edward Hayes III sold 1,200 shares of the business's stock in a transaction that occurred 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 completion of 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 disclosure for this sale can be found here. 32.83% of the stock is currently owned by company insiders.