Telsey Advisory Group Reaffirms “Outperform” Rating for DICK’S Sporting Goods (NYSE:DKS)

Telsey Advisory Group reaffirmed their outperform rating on shares of DICK’S Sporting Goods (NYSE:DKS) in a research report report published on Friday,Benzinga reports. They currently have a $250.00 price objective on the sporting goods retailer’s stock. Telsey Advisory Group also issued estimates for DICK’S Sporting Goods’ Q1 2026 earnings at $3.23 EPS, Q2 2026 earnings at $4.37 EPS, Q3 2026 earnings at $2.91 EPS, Q4 2026 earnings at $3.89 EPS, FY2026 earnings at $14.40 EPS and FY2027 earnings at $15.48 EPS.

Other analysts have also recently issued research reports about the company. UBS Group upgraded DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and upped their price target for the stock from $225.00 to $260.00 in a research report on Wednesday, November 27th. DA Davidson decreased their target price on shares of DICK’S Sporting Goods from $280.00 to $273.00 and set a “buy” rating on the stock in a research note on Wednesday, March 12th. Truist Financial set a $245.00 price target on shares of DICK’S Sporting Goods in a research report on Tuesday, March 11th. Stifel Nicolaus lowered their target price on shares of DICK’S Sporting Goods from $240.00 to $226.00 and set a “hold” rating on the stock in a research note on Wednesday, March 12th. Finally, Robert W. Baird cut 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 note on Wednesday, March 12th. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $245.50.

DICK’S Sporting Goods Stock Performance

Shares of DKS opened at $194.74 on Friday. The firm has a market capitalization of $15.87 billion, a P/E ratio of 13.92, a PEG ratio of 2.47 and a beta of 1.53. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. DICK’S Sporting Goods has a one year low of $182.84 and a one year high of $254.60. The business has a fifty day moving average of $228.59 and a 200 day moving average of $218.02.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter in the prior year, the business earned $3.85 EPS. The business’s quarterly revenue was up .5% on a year-over-year basis. As a group, sell-side analysts anticipate that DICK’S Sporting Goods will post 13.89 EPS for the current year.

DICK’S Sporting Goods Increases Dividend

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

DICK’S Sporting Goods declared that its Board of Directors has initiated a stock buyback 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 purchase up to 18.5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at DICK’S Sporting Goods

In related news, Director Lawrence J. Schorr sold 7,333 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $231.55, for a total transaction of $1,697,956.15. Following the transaction, the director now directly owns 50,997 shares of the company’s stock, valued at $11,808,355.35. This represents a 12.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Edward W. Stack sold 160,600 shares of the firm’s stock in a transaction dated 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 sale, the chairman now directly owns 8,362,128 shares of the company’s stock, valued at approximately $1,917,017,844. This represents a 1.88 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 172,933 shares of company stock valued at $39,655,456. 32.03% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of DKS. Assetmark Inc. lifted its holdings in shares of DICK’S Sporting Goods by 20.7% in the 3rd quarter. Assetmark Inc. now owns 1,831 shares of the sporting goods retailer’s stock valued at $382,000 after buying an additional 314 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its holdings in DICK’S Sporting Goods by 12.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 143,056 shares of the sporting goods retailer’s stock valued at $29,856,000 after buying an additional 15,591 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of DICK’S Sporting Goods by 99.1% in the third quarter. Victory Capital Management Inc. now owns 124,119 shares of the sporting goods retailer’s stock worth $25,904,000 after acquiring an additional 61,767 shares during the period. Plato Investment Management Ltd purchased a new stake in shares of DICK’S Sporting Goods during the 3rd quarter worth about $75,000. Finally, KBC Group NV grew its position in shares of DICK’S Sporting Goods by 887.3% during the 3rd quarter. KBC Group NV now owns 250,374 shares of the sporting goods retailer’s stock valued at $52,253,000 after acquiring an additional 225,015 shares during the period. 89.83% of the stock is 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.