Robert W. Baird Upgrades DICK’S Sporting Goods (NYSE:DKS) to “Strong-Buy”

DICK’S Sporting Goods (NYSE:DKS) was upgraded by analysts at Robert W. Baird from a “hold” rating to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on DKS. Telsey Advisory Group reduced their target price on shares of DICK’S Sporting Goods from $255.00 to $245.00 and set an “outperform” rating for the company in a research note on Wednesday, November 26th. Morgan Stanley upped their price target on DICK’S Sporting Goods from $253.00 to $260.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. Wall Street Zen upgraded DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a research report on Sunday, January 25th. The Goldman Sachs Group restated a “buy” rating on shares of DICK’S Sporting Goods in a research report on Monday, January 5th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of DICK’S Sporting Goods in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $238.37.

DICK’S Sporting Goods Stock Up 2.1%

DKS opened at $204.10 on Wednesday. DICK’S Sporting Goods has a 1-year low of $166.37 and a 1-year high of $245.63. The company has a current ratio of 1.57, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $18.36 billion, a price-to-earnings ratio of 16.42, a P/E/G ratio of 2.72 and a beta of 1.23. The business has a 50 day moving average of $209.67 and a 200-day moving average of $216.64.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Tuesday, November 25th. The sporting goods retailer reported $2.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.62 by $0.16. The business had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.45 billion. DICK’S Sporting Goods had a net margin of 6.86% and a return on equity of 30.55%. DICK’S Sporting Goods’s quarterly revenue was up 36.3% on a year-over-year basis. During the same quarter last year, the company posted $2.75 earnings per share. DICK’S Sporting Goods has set its FY 2025 guidance at 14.250-14.550 EPS. As a group, sell-side analysts anticipate that DICK’S Sporting Goods will post 13.89 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of DKS. Bank of America Corp DE boosted its stake in shares of DICK’S Sporting Goods by 588.1% in the 3rd quarter. Bank of America Corp DE now owns 3,545,944 shares of the sporting goods retailer’s stock valued at $787,980,000 after purchasing an additional 3,030,642 shares in the last quarter. Wellington Management Group LLP increased its position in shares of DICK’S Sporting Goods by 83.9% during the 3rd quarter. Wellington Management Group LLP now owns 6,606,860 shares of the sporting goods retailer’s stock worth $1,468,176,000 after purchasing an additional 3,013,850 shares in the last quarter. Vanguard Group Inc. lifted its holdings in DICK’S Sporting Goods by 17.8% during the 3rd quarter. Vanguard Group Inc. now owns 6,719,011 shares of the sporting goods retailer’s stock valued at $1,493,099,000 after purchasing an additional 1,015,599 shares during the last quarter. Norges Bank acquired a new position in DICK’S Sporting Goods in the fourth quarter valued at about $192,639,000. Finally, Atreides Management LP acquired a new position in DICK’S Sporting Goods in the second quarter valued at about $172,715,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

DICK’S Sporting Goods Company Profile

DICK’S Sporting Goods is a leading U.S.-based sporting goods retailer that sells a broad range of sports equipment, apparel, footwear and outdoor gear. The company operates an omnichannel business combining physical stores with digital sales, offering products for team sports, fitness, hunting and fishing, golf, and general active lifestyle categories. In addition to its flagship DICK’S stores, the company operates specialty formats such as Golf Galaxy and branded service offerings including team-sports sales and custom equipment solutions.

The company traces its roots to a single sporting goods outlet founded in 1948 and has since grown into a national retail chain serving customers across the United States.