DA Davidson Expects Lower Earnings for DICK’S Sporting Goods

DICK’S Sporting Goods, Inc. (NYSE:DKS) – Equities research analysts at DA Davidson decreased their FY2026 earnings per share (EPS) estimates for DICK’S Sporting Goods in a 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 has a “Buy” rating and a $273.00 price target on the stock. The consensus estimate for DICK’S Sporting Goods’ current full-year earnings is $13.89 per share.

Other analysts also recently issued research reports about the company. Loop Capital cut their price target on DICK’S Sporting Goods from $240.00 to $195.00 and set a “hold” rating on the stock in a report on Thursday. Guggenheim reiterated a “neutral” rating on shares of DICK’S Sporting Goods in a research note on Wednesday. Stifel Nicolaus lowered their price target on shares of DICK’S Sporting Goods from $240.00 to $226.00 and set a “hold” rating for the company in a research report on Wednesday. Robert W. Baird cut their price objective on shares of DICK’S Sporting Goods from $235.00 to $230.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Morgan Stanley boosted their target price on shares of DICK’S Sporting Goods from $245.00 to $255.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Nine analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $245.50.

DICK’S Sporting Goods Stock Performance

Shares of DKS stock opened at $194.74 on Friday. The company has a market cap of $15.87 billion, a P/E ratio of 13.92, a PEG ratio of 2.47 and a beta of 1.53. The business has a 50 day moving average of $228.59 and a two-hundred day moving average of $218.14. DICK’S Sporting Goods has a 52 week low of $182.84 and a 52 week high of $254.60. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $3.47 by $0.15. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The company had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same period last year, the firm posted $3.85 EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis.

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

DICK’S Sporting Goods Increases Dividend

The firm 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 represents a $4.85 dividend on an annualized basis and a yield of 2.49%. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. The ex-dividend date is Friday, March 28th. DICK’S Sporting Goods’s dividend payout ratio is presently 31.45%.

Insider Activity

In other news, 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 transaction of $1,139,950.00. Following the completion of the sale, the executive vice president now owns 16,504 shares in the company, valued at approximately $3,762,746.96. This represents a 23.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lawrence J. Schorr sold 7,333 shares of DICK’S Sporting Goods stock in a transaction 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 completion of the transaction, the director now owns 50,997 shares in the company, valued at $11,808,355.35. The trade was a 12.57 % decrease in their ownership of the stock. 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. Corporate insiders own 32.03% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in DKS. Wood Tarver Financial Group LLC purchased a new stake in shares of DICK’S Sporting Goods in the 4th quarter valued at approximately $114,000. Siemens Fonds Invest GmbH purchased a new stake in shares of DICK’S Sporting Goods in the fourth quarter valued at $3,384,000. Park Square Financial Group LLC acquired a new stake in shares of DICK’S Sporting Goods in the fourth quarter worth $27,000. Total Wealth Planning & Management Inc. acquired a new stake in shares of DICK’S Sporting Goods in the fourth quarter worth $258,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of DICK’S Sporting Goods during the fourth quarter valued at $6,483,000. 89.83% of the stock is owned by hedge funds and other institutional investors.

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.