DICK’S Sporting Goods (NYSE:DKS) Price Target Cut to $273.00 by Analysts at DA Davidson

DICK’S Sporting Goods (NYSE:DKS) had its price objective dropped by equities research analysts at DA Davidson from $280.00 to $273.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the sporting goods retailer’s stock. DA Davidson’s target price would suggest a potential upside of 46.23% from the company’s current price. DA Davidson also issued estimates for DICK’S Sporting Goods’ Q1 2026 earnings at $3.27 EPS and FY2027 earnings at $15.15 EPS.

A number of other analysts also recently commented on DKS. Robert W. Baird decreased 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. Truist Financial set a $245.00 target price on DICK’S Sporting Goods in a research report on Tuesday. TD Cowen raised their target price on DICK’S Sporting Goods from $270.00 to $294.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Guggenheim reissued a “neutral” rating on shares of DICK’S Sporting Goods in a research report on Wednesday. Finally, Citigroup reissued a “neutral” rating and issued a $220.00 target price (down from $230.00) on shares of DICK’S Sporting Goods in a research report on Wednesday. Nine analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $245.55.

DICK’S Sporting Goods Stock Performance

Shares of DKS opened at $186.69 on Wednesday. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $15.21 billion, a price-to-earnings ratio of 13.34, a PEG ratio of 2.47 and a beta of 1.53. The stock has a 50 day moving average of $230.08 and a 200 day moving average of $218.77. DICK’S Sporting Goods has a 12 month low of $182.84 and a 12 month high of $254.60.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Tuesday, March 11th. The sporting goods retailer reported $3.62 EPS for the quarter, beating 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%. DICK’S Sporting Goods’s revenue was up .5% on a year-over-year basis. During the same period last year, the business posted $3.85 earnings per share. As a group, sell-side analysts forecast that DICK’S Sporting Goods will post 13.89 earnings per share for the current year.

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

Insider Activity at DICK’S Sporting Goods

In related news, Chairman Edward W. Stack sold 160,600 shares of DICK’S Sporting Goods stock in a transaction on 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 sale, the chairman now owns 8,362,128 shares of the company’s stock, valued at approximately $1,917,017,844. This trade represents a 1.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $231.55, for a total value of $1,697,956.15. Following the sale, the director now directly owns 50,997 shares of the company’s stock, valued at approximately $11,808,355.35. This trade represents a 12.57 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 172,933 shares of company stock valued at $39,655,456. Company insiders own 32.03% of the company’s stock.

Institutional Investors Weigh In On DICK’S Sporting Goods

Several hedge funds have recently added to or reduced their stakes in the company. Wealthfront Advisers LLC bought a new stake in DICK’S Sporting Goods during the fourth quarter worth about $1,893,210,000. State Street Corp lifted its stake in DICK’S Sporting Goods by 1.2% during the third quarter. State Street Corp now owns 2,259,133 shares of the sporting goods retailer’s stock worth $473,945,000 after purchasing an additional 27,155 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in DICK’S Sporting Goods by 4.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,866,177 shares of the sporting goods retailer’s stock worth $427,056,000 after purchasing an additional 77,357 shares during the last quarter. Geode Capital Management LLC lifted its stake in DICK’S Sporting Goods by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 1,057,793 shares of the sporting goods retailer’s stock worth $241,660,000 after purchasing an additional 15,011 shares during the last quarter. Finally, Norges Bank bought a new stake in DICK’S Sporting Goods during the fourth quarter worth about $221,693,000. 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.