DA Davidson Cuts DICK’S Sporting Goods (NYSE:DKS) Price Target to $273.00

DICK’S Sporting Goods (NYSE:DKS) had its price target lowered by DA Davidson from $280.00 to $273.00 in a report published on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the sporting goods retailer’s stock. DA Davidson also issued estimates for DICK’S Sporting Goods’ Q1 2026 earnings at $3.27 EPS, FY2026 earnings at $14.23 EPS and FY2027 earnings at $15.15 EPS.

Several other analysts also recently commented on the company. Morgan Stanley raised their price objective on 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. Loop Capital raised their price objective on DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “hold” rating in a research note on Wednesday, November 27th. Wedbush reaffirmed a “neutral” rating and set a $215.00 price objective on shares of DICK’S Sporting Goods in a research note on Wednesday. Citigroup reaffirmed a “neutral” rating and set a $220.00 price objective (down previously from $230.00) on shares of DICK’S Sporting Goods in a research note on Wednesday. Finally, Robert W. Baird dropped their price objective on DICK’S Sporting Goods from $235.00 to $230.00 and set a “neutral” rating on the stock in a research note on Wednesday. Nine research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, DICK’S Sporting Goods presently has a consensus rating of “Moderate Buy” and a consensus target price of $245.57.

DICK’S Sporting Goods Stock Performance

DKS stock opened at $194.74 on Wednesday. The business’s fifty day moving average is $228.59 and its 200-day moving average is $218.26. 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 company has a market cap of $15.87 billion, a P/E ratio of 13.92, a price-to-earnings-growth ratio of 2.47 and a beta of 1.53. DICK’S Sporting Goods has a twelve month low of $182.84 and a twelve month high of $254.60.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share for the quarter, beating analysts’ consensus estimates of $3.47 by $0.15. The company had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.76 billion. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.85 EPS. Equities research analysts forecast that DICK’S Sporting Goods will post 13.89 EPS for the current year.

DICK’S Sporting Goods Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be given a $1.2125 dividend. The ex-dividend date is Friday, March 28th. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.49%. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. DICK’S Sporting Goods’s payout ratio is currently 31.45%.

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

Insider Activity at DICK’S Sporting Goods

In related news, EVP Julie Lodge-Jarrett sold 5,000 shares of DICK’S Sporting Goods stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $227.99, for a total value of $1,139,950.00. Following the sale, the executive vice president now owns 16,504 shares of the company’s stock, valued at approximately $3,762,746.96. The trade was a 23.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lawrence J. Schorr sold 7,333 shares of DICK’S Sporting Goods stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total value of $1,697,956.15. Following the completion of the sale, the director now directly owns 50,997 shares in the company, valued at approximately $11,808,355.35. This represents a 12.57 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 172,933 shares of company stock valued at $39,655,456. 32.03% of the stock is owned by insiders.

Hedge Funds Weigh In On DICK’S Sporting Goods

Institutional investors have recently bought and sold shares of the business. Park Square Financial Group LLC acquired a new position in DICK’S Sporting Goods during the fourth quarter worth approximately $27,000. New Wave Wealth Advisors LLC acquired a new position in DICK’S Sporting Goods during the fourth quarter worth approximately $28,000. Ancora Advisors LLC acquired a new position in DICK’S Sporting Goods during the fourth quarter worth approximately $28,000. Brooklyn Investment Group acquired a new position in DICK’S Sporting Goods during the third quarter worth approximately $27,000. Finally, Rialto Wealth Management LLC acquired a new position in DICK’S Sporting Goods during the fourth quarter worth approximately $30,000. Institutional investors and hedge funds 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.