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

DICK’S Sporting Goods (NYSE:DKS)‘s stock had its “neutral” rating restated by stock analysts at Wedbush in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $215.00 target price on the sporting goods retailer’s stock. Wedbush’s price target indicates a potential upside of 9.79% from the company’s previous close. Wedbush also issued estimates for DICK’S Sporting Goods’ Q4 2025 earnings at $3.64 EPS, FY2025 earnings at $14.07 EPS, Q4 2026 earnings at $3.93 EPS and FY2027 earnings at $15.91 EPS.

DKS has been the subject of several other reports. UBS Group upgraded DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and raised their price target for the company from $225.00 to $260.00 in a report on Wednesday, November 27th. Morgan Stanley upped their target price on shares of DICK’S Sporting Goods from $245.00 to $255.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Robert W. Baird reduced their price target on shares of DICK’S Sporting Goods from $235.00 to $230.00 and set a “neutral” rating for the company in a research report on Wednesday. Loop Capital upped their price objective on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a research report on Wednesday, November 27th. Finally, TD Cowen lifted their target price on DICK’S Sporting Goods from $270.00 to $294.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Nine analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $247.00.

DICK’S Sporting Goods Stock Down 1.6 %

Shares of NYSE:DKS traded down $3.13 during midday trading on Wednesday, reaching $195.84. The company’s stock had a trading volume of 365,698 shares, compared to its average volume of 1,159,824. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. The firm has a 50 day moving average of $230.77 and a 200-day moving average of $218.94. The firm has a market capitalization of $15.96 billion, a P/E ratio of 14.00, a PEG ratio of 2.47 and a beta of 1.53. DICK’S Sporting Goods has a 12-month low of $182.25 and a 12-month high of $254.60.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share for the quarter, topping analysts’ consensus estimates of $3.47 by $0.15. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The business had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter in the prior year, the company earned $3.85 earnings per share. The business’s revenue was up .5% compared to the same quarter last year. On average, research analysts anticipate that DICK’S Sporting Goods will post 13.89 earnings per share for the current year.

DICK’S Sporting Goods declared that its board has authorized a share buyback plan on Tuesday, March 11th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the sporting goods retailer to purchase up to 18.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Activity at DICK’S Sporting Goods

In related news, Director Lawrence J. Schorr sold 7,333 shares of DICK’S Sporting Goods stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total transaction of $1,697,956.15. Following the transaction, the director now owns 50,997 shares in the company, valued at approximately $11,808,355.35. The trade was a 12.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Edward W. Stack sold 160,600 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $229.25, for a total value of $36,817,550.00. Following the completion of the sale, the chairman now owns 8,362,128 shares of the company’s stock, valued at $1,917,017,844. The trade was a 1.88 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 172,933 shares of company stock worth $39,655,456. 32.03% of the stock is owned by company insiders.

Hedge Funds Weigh In On DICK’S Sporting Goods

A number of hedge funds have recently made changes to their positions in the business. Brooklyn Investment Group bought a new stake in DICK’S Sporting Goods during the 3rd quarter valued at approximately $27,000. Park Square Financial Group LLC bought a new position in shares of DICK’S Sporting Goods during the fourth quarter worth $27,000. New Wave Wealth Advisors LLC purchased a new position in DICK’S Sporting Goods during the fourth quarter valued at $28,000. Ancora Advisors LLC bought a new stake in DICK’S Sporting Goods in the 4th quarter valued at $28,000. Finally, Rialto Wealth Management LLC purchased a new stake in DICK’S Sporting Goods in the 4th quarter worth $30,000. Institutional investors own 89.83% of the company’s stock.

About DICK’S Sporting Goods

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.