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

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for DICK'S Sporting Goods in the last year. There are currently 9 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" DKS shares.
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23 Wall Street analysts have issued twelve-month price targets for DICK'S Sporting Goods' shares. Their DKS share price forecasts range from $120.00 to $200.00. On average, they anticipate the company's share price to reach $156.61 in the next year. This suggests a possible upside of 16.0% from the stock's current price.
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DICK'S Sporting Goods' stock was trading at $120.29 on January 1st, 2023. Since then, DKS shares have increased by 12.2% and is now trading at $135.00.
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DICK'S Sporting Goods saw a decrease in short interest during the month of March. As of March 15th, there was short interest totaling 8,070,000 shares, a decrease of 7.2% from the February 28th total of 8,700,000 shares. Based on an average daily trading volume, of 1,360,000 shares, the days-to-cover ratio is currently 5.9 days. Currently, 14.1% of the shares of the company are sold short.
View DICK'S Sporting Goods' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 24th 2023.
View our DKS earnings forecast.

DICK'S Sporting Goods, Inc. (NYSE:DKS) announced its quarterly earnings results on Tuesday, March, 7th. The sporting goods retailer reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.86 by $0.07. The sporting goods retailer earned $3.60 billion during the quarter, compared to the consensus estimate of $3.45 billion. DICK'S Sporting Goods had a net margin of 8.43% and a trailing twelve-month return on equity of 45.97%. The firm's quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the business earned $3.64 EPS.

DICK'S Sporting Goods announced a quarterly dividend on Monday, March 6th. Shareholders of record on Friday, March 17th will be paid a dividend of $1.00 per share on Friday, March 31st. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend is Thursday, March 16th. This is a boost from the stock's previous quarterly dividend of $0.49.
Read our dividend analysis for DKS.

ETFs with the largest weight of DICK'S Sporting Goods (NYSE:DKS) stock in their portfolio include Innovator IBD Breakout Opportunities ETF (BOUT), Logan Capital Broad Innovative Growth ETF (LCLG), Global X Health & Wellness ETF (BFIT), Freedom Day Dividend ETF (MBOX), Invesco S&P MidCap Quality ETF (XMHQ), QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM), First Trust SMID Cap Rising Dividend Archievers ETF (SDVY) and Cambria Shareholder Yield ETF (SYLD).

DICK'S Sporting Goods (NYSE:DKS) pays an annual dividend of $4.00 per share and currently has a dividend yield of 2.86%. 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 37.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DKS will have a dividend payout ratio of 28.47% 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 updated its FY 2023 earnings guidance on Wednesday, March, 8th. The company provided earnings per share (EPS) guidance of $12.90-$13.80 for the period, compared to the consensus estimate of $11.96. 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 a number of institutional and retail investors. Top institutional investors include Atreides Management LP (2.05%), LSV Asset Management (1.95%), Susquehanna International Group LLP (0.00%), Dimensional Fund Advisors LP (1.54%), CIBC Private Wealth Group LLC (1.48%) and Geode Capital Management LLC (1.11%). Insiders that own company stock include 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, 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 $135.00.

DICK'S Sporting Goods (NYSE:DKS) has a market capitalization of $10.69 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 $10.77 on an earnings per share basis.

The company employs 50,800 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.