BTIG Research Cuts DICK’S Sporting Goods (NYSE:DKS) Price Target to $180.00

DICK’S Sporting Goods (NYSE:DKS) had its price target cut by BTIG Research from $300.00 to $180.00 in a research report released on Wednesday morning, Marketbeat Ratings reports. They currently have a buy rating on the sporting goods retailer’s stock.

Several other research analysts have also recently weighed in on DKS. KGI Securities cut DICK’S Sporting Goods from an “outperform” rating to a “neutral” rating and set a $135.10 price objective on the stock. in a research report on Wednesday. Weiss Ratings cut shares of DICK’S Sporting Goods from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 5th. Truist Financial boosted their target price on shares of DICK’S Sporting Goods from $252.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Loop Capital restated a “hold” rating and issued a $140.00 price target on shares of DICK’S Sporting Goods in a research note on Tuesday. Finally, JPMorgan Chase & Co. lowered their price target on shares of DICK’S Sporting Goods from $270.00 to $245.00 and set an “overweight” rating on the stock in a research report on Monday, August 24th. Twelve research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $170.22.

DICK’S Sporting Goods Price Performance

DICK’S Sporting Goods stock opened at $135.09 on Wednesday. DICK’S Sporting Goods has a 12 month low of $120.40 and a 12 month high of $244.38. The stock’s 50 day moving average is $205.27 and its 200-day moving average is $209.05. The company has a current ratio of 1.49, a quick ratio of 0.38 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $12.09 billion, a price-to-earnings ratio of 14.51, a PEG ratio of 1.39 and a beta of 1.21.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Tuesday, August 25th. The sporting goods retailer reported $3.53 earnings per share for the quarter, missing analysts’ consensus estimates of $3.74 by ($0.21). The firm had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.64 billion. DICK’S Sporting Goods had a return on equity of 19.21% and a net margin of 3.97%.DICK’S Sporting Goods’s revenue for the quarter was up 53.2% on a year-over-year basis. During the same quarter last year, the business posted $4.38 EPS. DICK’S Sporting Goods has set its FY 2026 guidance at 11.000-12.000 EPS. Equities research analysts expect that DICK’S Sporting Goods will post 11.75 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $5.00 dividend on an annualized basis and a yield of 3.7%. DICK’S Sporting Goods’s dividend payout ratio is currently 53.71%.

Insider Buying and Selling

In related news, Director Sandeep Mathrani bought 1,550 shares of the business’s stock in a transaction dated Wednesday, August 26th. The stock was purchased at an average cost of $128.89 per share, for a total transaction of $199,779.50. Following the transaction, the director owned 11,136 shares in the company, valued at $1,435,319.04. The trade was a 16.17% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert W. Eddy bought 4,000 shares of DICK’S Sporting Goods stock in a transaction dated Wednesday, August 26th. The shares were bought at an average cost of $128.69 per share, for a total transaction of $514,760.00. Following the completion of the acquisition, the director owned 10,886 shares in the company, valued at $1,400,919.34. This represents a 58.09% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought 28,650 shares of company stock worth $3,722,280 in the last quarter. Insiders own 28.91% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. California State Teachers Retirement System lifted its position in DICK’S Sporting Goods by 20,961.0% during the second quarter. California State Teachers Retirement System now owns 15,878,288 shares of the sporting goods retailer’s stock worth $3,601,355,000 after purchasing an additional 15,802,896 shares during the period. BlackRock Inc. acquired a new stake in DICK’S Sporting Goods during the second quarter worth about $1,501,321,000. Bank of America Corp DE bought a new position in DICK’S Sporting Goods in the 2nd quarter valued at about $1,024,000,000. State Street Corp increased its holdings in DICK’S Sporting Goods by 17.7% in the 3rd quarter. State Street Corp now owns 2,606,541 shares of the sporting goods retailer’s stock valued at $579,226,000 after buying an additional 391,694 shares during the period. Finally, Viking Global Investors LP acquired a new position in shares of DICK’S Sporting Goods in the 4th quarter valued at approximately $509,371,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Key Stories Impacting DICK’S Sporting Goods

Here are the key news stories impacting DICK’S Sporting Goods this week:

• Positive Sentiment: Several directors made sizable open-market purchases after the earnings-related decline. William J. Colombo bought 6,100 shares for roughly $785,500, Mark J. Barrenechea purchased 17,000 shares for about $2.2 million, Robert W. Eddy bought 4,000 shares, and Sandeep Mathrani acquired 1,550 shares. The transactions may signal that company insiders view the selloff as excessive. SEC insider filing
• Positive Sentiment: Oppenheimer maintained a Buy rating, and Citigroup retained a Buy rating despite reducing its price target to $190 from $280. The new target still implies substantial potential upside from current trading levels. Analyst price target report
• Neutral Sentiment: Multiple law firms announced investigations into potential securities-law violations, including Kaplan Fox, Block & Leviton, BFA Law, Levi & Korsinsky and Pomerantz. These notices are investor solicitations and do not establish that DICK’S violated any law, but they add reputational and litigation risk. Kaplan Fox investigation notice
• Negative Sentiment: DICK’S reported quarterly earnings of $3.53 per share versus the $3.74 consensus estimate, while revenue of $5.59 billion also fell short of expectations. Earnings declined from $4.38 per share a year earlier, intensifying concerns about profitability despite strong reported revenue growth.
• Negative Sentiment: Telsey downgraded the stock to Market Perform and slashed its price target to $145 from $255. DA Davidson and BTIG also issued pessimistic forecasts, reinforcing concerns about the company’s outlook. Analyst downgrade report

About DICK’S Sporting Goods

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.