Wedbush Raises DICK’S Sporting Goods (NYSE:DKS) Price Target to $210.00

DICK’S Sporting Goods (NYSE:DKS) had its price objective lifted by Wedbush from $160.00 to $210.00 in a research report released on Friday, Benzinga reports. The brokerage currently has a neutral rating on the sporting goods retailer’s stock. Wedbush also issued estimates for DICK’S Sporting Goods’ Q1 2025 earnings at $3.02 EPS, Q2 2025 earnings at $3.31 EPS, Q3 2025 earnings at $3.12 EPS, Q4 2025 earnings at $3.41 EPS and FY2027 earnings at $15.16 EPS.

DKS has been the topic of a number of other reports. Morgan Stanley lifted their price target on shares of DICK’S Sporting Goods from $160.00 to $235.00 and gave the stock an overweight rating in a research report on Friday. The Goldman Sachs Group lifted their price target on shares of DICK’S Sporting Goods from $157.00 to $247.00 and gave the company a buy rating in a research note on Friday. Robert W. Baird lifted their price target on shares of DICK’S Sporting Goods from $145.00 to $185.00 and gave the company a neutral rating in a research note on Thursday. DA Davidson boosted their price objective on shares of DICK’S Sporting Goods from $183.00 to $250.00 and gave the stock a buy rating in a research note on Friday. Finally, Wells Fargo & Company lifted their target price on shares of DICK’S Sporting Goods from $125.00 to $175.00 and gave the stock an equal weight rating in a report on Wednesday, March 6th. Eleven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, DICK’S Sporting Goods presently has a consensus rating of Hold and an average target price of $196.95.

DICK’S Sporting Goods Price Performance

NYSE:DKS traded up $1.56 during mid-day trading on Friday, hitting $213.04. The company’s stock had a trading volume of 1,382,984 shares, compared to its average volume of 1,228,734. DICK’S Sporting Goods has a fifty-two week low of $100.98 and a fifty-two week high of $222.92. The company has a current ratio of 1.78, a quick ratio of 0.56 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $17.41 billion, a price-to-earnings ratio of 17.43, a P/E/G ratio of 3.20 and a beta of 1.55. The stock has a fifty day moving average of $163.78 and a 200-day moving average of $135.67.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Thursday, March 14th. The sporting goods retailer reported $3.85 EPS for the quarter, beating the consensus estimate of $3.35 by $0.50. DICK’S Sporting Goods had a net margin of 8.06% and a return on equity of 42.99%. The business had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $3.79 billion. During the same period in the prior year, the firm earned $2.93 earnings per share. DICK’S Sporting Goods’s revenue was up 7.8% compared to the same quarter last year. As a group, equities analysts forecast that DICK’S Sporting Goods will post 13.07 EPS for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Friday, March 29th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend is Wednesday, March 27th. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. DICK’S Sporting Goods’s payout ratio is 32.84%.

Institutional Trading of DICK’S Sporting Goods

A number of hedge funds have recently modified their holdings of the business. Quarry LP bought a new position in DICK’S Sporting Goods in the 2nd quarter worth about $26,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in DICK’S Sporting Goods by 280.0% in the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 190 shares of the sporting goods retailer’s stock worth $28,000 after purchasing an additional 140 shares in the last quarter. Fortis Capital Advisors LLC bought a new position in DICK’S Sporting Goods in the 1st quarter worth about $28,000. Pinnacle Holdings LLC bought a new position in DICK’S Sporting Goods in the 4th quarter worth about $39,000. Finally, Blue Trust Inc. boosted its stake in DICK’S Sporting Goods by 236.8% in the 4th quarter. Blue Trust Inc. now owns 293 shares of the sporting goods retailer’s stock worth $43,000 after purchasing an additional 206 shares in the last quarter. Institutional investors own 68.21% of the company’s stock.

DICK’S Sporting Goods Company Profile

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