DICK’S Sporting Goods (NYSE:DKS) Cut to Sell at Wall Street Zen

by · The Markets Daily

Wall Street Zen cut shares of DICK’S Sporting Goods (NYSE:DKS – Free Report) from a hold rating to a sell rating in a research report report published on Saturday morning.

Several other research analysts have also issued reports on the stock. Wells Fargo & Company upped their target price on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 26th. BNP Paribas Exane started coverage on DICK’S Sporting Goods in a report on Friday, September 26th. They issued an “underperform” rating and a $177.00 price objective for the company. Telsey Advisory Group reduced their price objective on DICK’S Sporting Goods from $255.00 to $245.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 26th. Cowen reissued a “hold” rating on shares of DICK’S Sporting Goods in a report on Wednesday, November 26th. Finally, Robert W. Baird set a $226.00 target price on DICK’S Sporting Goods in a research note on Wednesday, November 26th. Eleven equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, DICK’S Sporting Goods presently has a consensus rating of “Hold” and an average target price of $235.10.

Check Out Our Latest Report on DICK’S Sporting Goods

DICK’S Sporting Goods Stock Performance

Shares of DKS opened at $211.88 on Friday. The company has a current ratio of 1.57, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The stock has a 50-day moving average price of $219.28 and a 200-day moving average price of $212.91. The company has a market cap of $19.06 billion, a PE ratio of 17.05, a price-to-earnings-growth ratio of 3.31 and a beta of 1.17. DICK’S Sporting Goods has a 12-month low of $166.37 and a 12-month high of $254.60.

DICK’S Sporting Goods (NYSE:DKS – Get Free Report) last announced its earnings results on Tuesday, November 25th. The sporting goods retailer reported $2.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.62 by $0.16. DICK’S Sporting Goods had a net margin of 6.86% and a return on equity of 30.55%. The business had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.45 billion. During the same period in the previous year, the business posted $2.75 earnings per share. DICK’S Sporting Goods’s revenue for the quarter was up 36.3% on a year-over-year basis. DICK’S Sporting Goods has set its FY 2025 guidance at 14.250-14.550 EPS. As a group, equities analysts forecast that DICK’S Sporting Goods will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Friday, December 12th will be given a $1.2125 dividend. The ex-dividend date is Friday, December 12th. This represents a $4.85 annualized dividend and a yield of 2.3%. DICK’S Sporting Goods’s payout ratio is presently 39.02%.

Insider Buying and Selling at DICK’S Sporting Goods

In other news, CEO Lauren R. Hobart sold 20,083 shares of the firm’s stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $220.69, for a total value of $4,432,117.27. Following the transaction, the chief executive officer owned 299,990 shares in the company, valued at approximately $66,204,793.10. This trade represents a 6.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 32.55% of the company’s stock.

Institutional Investors Weigh In On DICK’S Sporting Goods

Institutional investors have recently added to or reduced their stakes in the company. Guggenheim Capital LLC increased its position in shares of DICK’S Sporting Goods by 0.4% in the second quarter. Guggenheim Capital LLC now owns 11,829 shares of the sporting goods retailer’s stock valued at $2,340,000 after acquiring an additional 46 shares during the period. Clearstead Advisors LLC grew its stake in shares of DICK’S Sporting Goods by 46.9% in the third quarter. Clearstead Advisors LLC now owns 144 shares of the sporting goods retailer’s stock worth $32,000 after purchasing an additional 46 shares during the last quarter. Oder Investment Management LLC increased its holdings in DICK’S Sporting Goods by 1.0% during the 1st quarter. Oder Investment Management LLC now owns 5,258 shares of the sporting goods retailer’s stock valued at $1,060,000 after purchasing an additional 51 shares during the period. Lido Advisors LLC raised its position in DICK’S Sporting Goods by 3.9% during the 3rd quarter. Lido Advisors LLC now owns 1,358 shares of the sporting goods retailer’s stock valued at $302,000 after purchasing an additional 51 shares during the last quarter. Finally, Vontobel Holding Ltd. lifted its holdings in DICK’S Sporting Goods by 2.0% in the 2nd quarter. Vontobel Holding Ltd. now owns 2,971 shares of the sporting goods retailer’s stock worth $588,000 after buying an additional 58 shares during the period. 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 engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.

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