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

DICK’S Sporting Goods (NYSE:DKS) had its price objective cut by research analysts at DA Davidson from $280.00 to $273.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the sporting goods retailer’s stock. DA Davidson’s price objective indicates a potential upside of 46.23% from the stock’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 equities analysts have also recently issued reports on the company. 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 report on Tuesday, January 21st. Robert W. Baird lowered their target price on DICK’S Sporting Goods from $235.00 to $230.00 and set a “neutral” rating for the company in a report on Wednesday. Citigroup reaffirmed a “neutral” rating and issued a $220.00 target price (down previously from $230.00) on shares of DICK’S Sporting Goods in a report on Wednesday. Telsey Advisory Group reissued an “outperform” rating and issued a $260.00 price target on shares of DICK’S Sporting Goods in a research note on Friday, March 7th. Finally, Truist Financial set a $245.00 price target on DICK’S Sporting Goods in a research note on Tuesday. Nine investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $245.55.

DICK’S Sporting Goods Price Performance

DICK’S Sporting Goods stock opened at $186.69 on Wednesday. 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 has a 52 week low of $182.84 and a 52 week high of $254.60. The stock has a market capitalization of $15.21 billion, a P/E ratio of 13.34, a price-to-earnings-growth ratio of 2.47 and a beta of 1.53. The stock has a fifty day moving average of $230.08 and a 200-day moving average of $218.77.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 prior year, the firm earned $3.85 EPS. The business’s revenue for the quarter was up .5% compared to the same quarter last year. On average, sell-side analysts expect that DICK’S Sporting Goods will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods announced that its Board of Directors has approved a stock repurchase plan 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 reacquire up to 18.5% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, Director Lawrence J. Schorr sold 7,333 shares of the stock in a transaction that occurred on 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 transaction, the director now owns 50,997 shares in the company, valued at approximately $11,808,355.35. This represents a 12.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Edward W. Stack sold 160,600 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $229.25, for a total value of $36,817,550.00. Following the completion of the transaction, the chairman now owns 8,362,128 shares in the company, valued at approximately $1,917,017,844. The trade was a 1.88 % 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 worth $39,655,456. Corporate insiders own 32.03% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wealthfront Advisers LLC bought a new position in DICK’S Sporting Goods in the fourth quarter worth approximately $1,893,210,000. State Street Corp lifted its holdings in shares of DICK’S Sporting Goods by 1.2% in the third quarter. State Street Corp now owns 2,259,133 shares of the sporting goods retailer’s stock valued at $473,945,000 after purchasing an additional 27,155 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of DICK’S Sporting Goods by 4.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,866,177 shares of the sporting goods retailer’s stock valued at $427,056,000 after purchasing an additional 77,357 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of DICK’S Sporting Goods by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 1,057,793 shares of the sporting goods retailer’s stock valued at $241,660,000 after purchasing an additional 15,011 shares in the last quarter. Finally, Norges Bank bought a new position in shares of DICK’S Sporting Goods in the fourth quarter valued at approximately $221,693,000. Institutional investors own 89.83% of the company’s stock.

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.