Wedbush Reaffirms “Neutral” Rating for DICK’S Sporting Goods (NYSE:DKS)

DICK’S Sporting Goods (NYSE:DKS)‘s stock had its “neutral” rating restated by research analysts at Wedbush in a report issued on Wednesday,Benzinga reports. They presently have a $215.00 price objective on the sporting goods retailer’s stock. Wedbush’s price objective points to a potential upside of 15.17% 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.

A number of other equities research analysts have also recently issued reports on the company. TD Cowen upped 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. Citigroup reaffirmed a “neutral” rating and set a $220.00 target price (down previously from $230.00) on shares of DICK’S Sporting Goods in a research report on Wednesday. Stifel Nicolaus decreased their target price on DICK’S Sporting Goods from $240.00 to $226.00 and set a “hold” rating for the company in a research report on Wednesday. Morgan Stanley upped their target price on DICK’S Sporting Goods from $245.00 to $255.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Finally, Guggenheim reaffirmed a “neutral” rating on shares of DICK’S Sporting Goods in a research report on Wednesday. Nine investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $245.55.

DICK’S Sporting Goods Trading Down 4.3 %

Shares of NYSE DKS opened at $186.69 on Wednesday. The stock has a market cap 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 business has a 50 day simple moving average of $230.08 and a 200 day simple moving average of $218.77. DICK’S Sporting Goods has a 52 week low of $182.84 and a 52 week high of $254.60. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72.

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

DICK’S Sporting Goods declared that its Board of Directors has approved a stock repurchase program on Tuesday, March 11th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the sporting goods retailer to purchase up to 18.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other DICK’S Sporting Goods news, 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 transaction of $36,817,550.00. Following the completion of the transaction, the chairman now directly owns 8,362,128 shares in the company, valued at $1,917,017,844. This represents a 1.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the stock in a transaction on 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 transaction, the executive vice president now owns 16,504 shares of the company’s stock, valued at $3,762,746.96. This represents a 23.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 172,933 shares of company stock valued at $39,655,456 over the last ninety days. 32.03% of the stock is owned by company insiders.

Institutional Inflows and Outflows

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

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.