DA Davidson Issues Pessimistic Estimate for DKS Earnings

DICK’S Sporting Goods, Inc. (NYSE:DKS) – Equities research analysts at DA Davidson reduced their FY2026 earnings estimates for shares of DICK’S Sporting Goods in a research report issued on Wednesday, March 12th. DA Davidson analyst M. Baker now anticipates that the sporting goods retailer will post earnings of $14.23 per share for the year, down from their previous forecast of $14.59. DA Davidson currently has a “Buy” rating and a $273.00 target price on the stock. The consensus estimate for DICK’S Sporting Goods’ current full-year earnings is $13.89 per share.

A number of other research analysts also recently weighed in on the stock. UBS Group upgraded shares of 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. Robert W. Baird reduced their price target on DICK’S Sporting Goods from $235.00 to $230.00 and set a “neutral” rating for the company in a research report on Wednesday. Guggenheim reissued a “neutral” rating on shares of DICK’S Sporting Goods in a report on Wednesday. TD Cowen raised their price objective on DICK’S Sporting Goods from $270.00 to $294.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Finally, Argus upped their target price on DICK’S Sporting Goods from $255.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $245.50.

DICK’S Sporting Goods Price Performance

NYSE DKS opened at $194.74 on Friday. 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 stock has a market capitalization of $15.87 billion, a PE 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 12-month low of $182.84 and a 12-month high of $254.60. The company has a 50 day moving average price of $228.59 and a two-hundred day moving average price of $218.14.

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, topping analysts’ consensus estimates of $3.47 by $0.15. The company had revenue of $3.89 billion during 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 business’s quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the business earned $3.85 EPS.

Institutional Trading of DICK’S Sporting Goods

Several institutional investors have recently bought and sold shares of DKS. Brooklyn Investment Group acquired a new stake in shares of DICK’S Sporting Goods in the 3rd quarter valued at $27,000. Park Square Financial Group LLC acquired a new position in DICK’S Sporting Goods in the fourth quarter valued at about $27,000. New Wave Wealth Advisors LLC bought a new stake in DICK’S Sporting Goods during the fourth quarter worth about $28,000. Ancora Advisors LLC acquired a new stake in shares of DICK’S Sporting Goods during the fourth quarter worth approximately $28,000. Finally, Rialto Wealth Management LLC bought a new position in shares of DICK’S Sporting Goods in the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Julie Lodge-Jarrett sold 5,000 shares of DICK’S Sporting Goods stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $227.99, for a total transaction of $1,139,950.00. Following the sale, the executive vice president now directly owns 16,504 shares in the company, valued at approximately $3,762,746.96. The trade was a 23.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Edward W. Stack sold 160,600 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $229.25, for a total transaction of $36,817,550.00. Following the completion of the transaction, the chairman now directly owns 8,362,128 shares of the company’s stock, valued at $1,917,017,844. This trade represents a 1.88 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 172,933 shares of company stock worth $39,655,456. 32.03% of the stock is currently owned by company insiders.

DICK’S Sporting Goods announced that its board has approved a share buyback program on Tuesday, March 11th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the sporting goods retailer to repurchase up to 18.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

DICK’S Sporting Goods Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a $1.2125 dividend. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. The ex-dividend date is Friday, March 28th. This represents a $4.85 annualized dividend and a yield of 2.49%. DICK’S Sporting Goods’s dividend payout ratio is 31.45%.

DICK’S Sporting Goods Company Profile

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.