Brokers

Brokers Issue Forecasts for DICK’S Sporting Goods, Inc.’s FY2027 Earnings (NYSE:DKS)


DICK’S Sporting Goods, Inc. (NYSE:DKSFree Report) – Investment analysts at Wedbush issued their FY2027 EPS estimates for DICK’S Sporting Goods in a research report issued on Monday, March 11th. Wedbush analyst S. Basham forecasts that the sporting goods retailer will post earnings of $15.16 per share for the year. Wedbush has a “Neutral” rating and a $130.00 price objective on the stock. The consensus estimate for DICK’S Sporting Goods’ current full-year earnings is $12.42 per share.

Several other research analysts have also weighed in on the stock. Wells Fargo & Company upped their target price on shares of DICK’S Sporting Goods from $125.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 6th. Telsey Advisory Group upped their price target on shares of DICK’S Sporting Goods from $160.00 to $195.00 and gave the company an “outperform” rating in a report on Monday. Morgan Stanley upped their price target on shares of DICK’S Sporting Goods from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, November 22nd. Citigroup upped their price objective on shares of DICK’S Sporting Goods from $112.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, November 22nd. Finally, Truist Financial upped their price objective on shares of DICK’S Sporting Goods from $174.00 to $201.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Twelve analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, DICK’S Sporting Goods currently has a consensus rating of “Hold” and a consensus target price of $143.65.

View Our Latest Analysis on DICK’S Sporting Goods

DICK’S Sporting Goods Trading Up 3.2 %

Shares of DICK’S Sporting Goods stock opened at $188.02 on Wednesday. DICK’S Sporting Goods has a 52-week low of $100.98 and a 52-week high of $190.12. The company has a quick ratio of 0.56, a current ratio of 1.65 and a debt-to-equity ratio of 0.62. The company’s 50-day simple moving average is $159.77 and its 200-day simple moving average is $133.77. The firm has a market cap of $15.37 billion, a price-to-earnings ratio of 16.77, a price-to-earnings-growth ratio of 2.69 and a beta of 1.55.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in DKS. Victory Capital Management Inc. boosted its stake in DICK’S Sporting Goods by 9,735.6% during the 3rd quarter. Victory Capital Management Inc. now owns 2,239,273 shares of the sporting goods retailer’s stock valued at $243,140,000 after acquiring an additional 2,216,506 shares during the last quarter. Norges Bank bought a new position in shares of DICK’S Sporting Goods in the 4th quarter worth about $108,908,000. BlackRock Inc. lifted its position in DICK’S Sporting Goods by 12.1% in the 1st quarter. BlackRock Inc. now owns 5,983,808 shares of the sporting goods retailer’s stock valued at $849,043,000 after purchasing an additional 644,609 shares during the last quarter. Barclays PLC lifted its position in DICK’S Sporting Goods by 169.4% in the 2nd quarter. Barclays PLC now owns 238,774 shares of the sporting goods retailer’s stock valued at $31,564,000 after purchasing an additional 583,069 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in DICK’S Sporting Goods by 145.0% during the 3rd quarter. AQR Capital Management LLC now owns 789,482 shares of the sporting goods retailer’s stock valued at $85,722,000 after buying an additional 467,243 shares during the period. 68.21% of the stock is currently owned by institutional investors.

Insider Activity at DICK’S Sporting Goods

In related news, Director Lawrence J. Schorr sold 3,174 shares of the firm’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $143.12, for a total transaction of $454,262.88. Following the completion of the sale, the director now directly owns 57,518 shares of the company’s stock, valued at approximately $8,231,976.16. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 30.79% of the company’s stock.

About DICK’S Sporting Goods

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DICK’S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.

See Also

Earnings History and Estimates for DICK'S Sporting Goods (NYSE:DKS)



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