DICK’S Sporting Goods (NYSE:DKS) Receives Neutral Rating from Wedbush

DICK’S Sporting Goods (NYSE:DKSGet Free Report)‘s stock had its “neutral” rating restated by equities research analysts at Wedbush in a note issued to investors on Wednesday, Benzinga reports. They currently have a $230.00 target price on the sporting goods retailer’s stock. Wedbush’s price objective would suggest a potential upside of 4.30% from the company’s previous close. Wedbush also issued estimates for DICK’S Sporting Goods’ Q2 2025 earnings at $3.57 EPS, Q3 2025 earnings at $3.00 EPS, Q4 2025 earnings at $3.71 EPS, FY2025 earnings at $13.58 EPS, Q1 2026 earnings at $3.25 EPS, Q2 2026 earnings at $3.85 EPS, Q3 2026 earnings at $3.25 EPS and FY2026 earnings at $14.40 EPS.

A number of other equities research analysts have also commented on the company. DA Davidson increased their price target on DICK’S Sporting Goods from $250.00 to $265.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Barclays increased their price target on DICK’S Sporting Goods from $231.00 to $247.00 and gave the company an “overweight” rating in a research report on Thursday, May 30th. Jefferies Financial Group began coverage on DICK’S Sporting Goods in a research report on Friday, April 12th. They set a “hold” rating and a $211.00 target price for the company. JPMorgan Chase & Co. raised their target price on DICK’S Sporting Goods from $197.00 to $211.00 and gave the company a “neutral” rating in a research report on Thursday, May 30th. Finally, Morgan Stanley raised their target price on DICK’S Sporting Goods from $235.00 to $245.00 and gave the company an “overweight” rating in a research report on Thursday, May 30th. Eleven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $237.09.

Get Our Latest Analysis on DICK’S Sporting Goods

DICK’S Sporting Goods Price Performance

DICK’S Sporting Goods stock opened at $220.52 on Wednesday. The stock has a market capitalization of $18.18 billion, a price-to-earnings ratio of 18.25, a PEG ratio of 2.62 and a beta of 1.62. DICK’S Sporting Goods has a 52-week low of $100.98 and a 52-week high of $229.56. The stock’s 50 day moving average price is $204.35 and its two-hundred day moving average price is $174.31. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.65 and a current ratio of 1.71.

DICK’S Sporting Goods (NYSE:DKSGet Free Report) last issued its earnings results on Wednesday, May 29th. The sporting goods retailer reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.94 by $0.36. DICK’S Sporting Goods had a return on equity of 41.80% and a net margin of 7.73%. The company had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same period in the prior year, the firm earned $3.40 earnings per share. DICK’S Sporting Goods’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, equities analysts predict that DICK’S Sporting Goods will post 13.76 earnings per share for the current year.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, major shareholder William Colombo Trustee U/A Dt purchased 40,000 shares of the stock in a transaction on Friday, March 15th. The shares were purchased at an average price of $213.93 per share, with a total value of $8,557,200.00. Following the acquisition, the insider now directly owns 8,818,615 shares in the company, valued at approximately $1,886,566,306.95. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other DICK’S Sporting Goods news, major shareholder William Colombo Trustee U/A Dt purchased 40,000 shares of the stock in a transaction on Friday, March 15th. The shares were purchased at an average price of $213.93 per share, with a total value of $8,557,200.00. Following the acquisition, the insider now directly owns 8,818,615 shares in the company, valued at approximately $1,886,566,306.95. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Edward W. Stack sold 151,210 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $220.93, for a total value of $33,406,825.30. Following the completion of the sale, the chairman now directly owns 10,899,110 shares in the company, valued at approximately $2,407,940,372.30. The disclosure for this sale can be found here. Insiders sold a total of 214,673 shares of company stock worth $47,573,557 in the last quarter. 32.03% of the stock is owned by company insiders.

Institutional Trading of DICK’S Sporting Goods

Several institutional investors and hedge funds have recently modified their holdings of DKS. Teachers Retirement System of The State of Kentucky lifted its position in DICK’S Sporting Goods by 24.2% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 146,792 shares of the sporting goods retailer’s stock worth $33,008,000 after buying an additional 28,600 shares during the last quarter. Cetera Investment Advisers bought a new stake in DICK’S Sporting Goods in the 1st quarter worth approximately $1,697,000. Swedbank AB bought a new stake in DICK’S Sporting Goods in the 1st quarter worth approximately $1,670,000. Virtu Financial LLC lifted its position in DICK’S Sporting Goods by 1,056.3% in the 1st quarter. Virtu Financial LLC now owns 28,133 shares of the sporting goods retailer’s stock worth $6,326,000 after buying an additional 25,700 shares during the last quarter. Finally, iA Global Asset Management Inc. bought a new stake in DICK’S Sporting Goods in the 1st quarter worth approximately $586,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Company Profile

(Get Free Report)

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as an omni-channel sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and fishing gear products; apparel; and footwear and accessories.

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Analyst Recommendations for DICK'S Sporting Goods (NYSE:DKS)

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