DA Davidson Issues Pessimistic Forecast for DKS Earnings

DICK’S Sporting Goods, Inc. (NYSE:DKS) – DA Davidson decreased their FY2026 earnings per share (EPS) estimates for shares of DICK’S Sporting Goods in a research note issued to investors on Wednesday, March 12th. DA Davidson analyst M. Baker now forecasts that the sporting goods retailer will post earnings per share of $14.23 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.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $3.76 billion. During the same period last year, the company earned $3.85 earnings per share. DICK’S Sporting Goods’s quarterly revenue was up .5% compared to the same quarter last year.

DKS has been the topic of several other reports. Loop Capital lowered their price target on DICK’S Sporting Goods from $240.00 to $195.00 and set a “hold” rating on the stock in a research report on Thursday. Argus lifted 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. Truist Financial set a $245.00 price target on shares of DICK’S Sporting Goods in a research note on Tuesday. Citigroup reiterated a “neutral” rating and issued a $220.00 target price (down previously from $230.00) on shares of DICK’S Sporting Goods in a research note on Wednesday. Finally, UBS Group upgraded shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and lifted their target price for the company from $225.00 to $260.00 in a research note on Wednesday, November 27th. Nine analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $245.57.

DICK’S Sporting Goods Price Performance

NYSE DKS opened at $194.74 on Friday. DICK’S Sporting Goods has a fifty-two week low of $182.84 and a fifty-two week high of $254.60. The stock’s 50-day moving average is $228.59 and its two-hundred day moving average is $218.26. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. The firm 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 announced that its board has authorized a share repurchase plan on Tuesday, March 11th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the sporting goods retailer to purchase up to 18.5% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

DICK’S Sporting Goods Increases Dividend

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

Insider Transactions at DICK’S Sporting Goods

In related news, Director Lawrence J. Schorr sold 7,333 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total transaction of $1,697,956.15. Following the sale, the director now owns 50,997 shares of the company’s stock, valued at approximately $11,808,355.35. This represents a 12.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The stock was 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 $3,762,746.96. This trade represents a 23.25 % decrease in their position. 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 three months. Corporate insiders own 32.03% of the company’s stock.

Hedge Funds Weigh In On DICK’S Sporting Goods

A number of institutional investors have recently made changes to their positions in the stock. Wealthfront Advisers LLC bought a new position in shares of DICK’S Sporting Goods during the 4th quarter valued at $1,893,210,000. State Street Corp lifted its position in DICK’S Sporting Goods by 1.2% during the 3rd quarter. State Street Corp now owns 2,259,133 shares of the sporting goods retailer’s stock valued at $473,945,000 after acquiring an additional 27,155 shares during the period. Charles Schwab Investment Management Inc. lifted its position in DICK’S Sporting Goods by 4.3% during the 4th 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 acquiring an additional 77,357 shares during the period. Geode Capital Management LLC lifted its position in DICK’S Sporting Goods by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 1,057,793 shares of the sporting goods retailer’s stock valued at $241,660,000 after acquiring an additional 15,011 shares during the period. Finally, Norges Bank bought a new stake in DICK’S Sporting Goods during the 4th quarter valued at about $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.