DA Davidson Brokers Decrease Earnings Estimates for DKS

DICK’S Sporting Goods, Inc. (NYSE:DKS) – Investment analysts at DA Davidson dropped their FY2026 earnings per share estimates for DICK’S Sporting Goods in a research note issued to investors on Wednesday, March 12th. DA Davidson analyst M. Baker now anticipates that the sporting goods retailer will earn $14.23 per share for the year, down from their previous forecast of $14.59. DA Davidson has a “Buy” rating and a $273.00 price objective on the stock. The consensus estimate for DICK’S Sporting Goods’ current full-year earnings is $13.89 per share.

Other equities analysts also recently issued research reports about the company. Loop Capital decreased their target price on DICK’S Sporting Goods from $240.00 to $195.00 and set a “hold” rating for the company in a report on Thursday. Truist Financial set a $245.00 target price on DICK’S Sporting Goods in a report on Tuesday. TD Cowen upped their target price on DICK’S Sporting Goods from $270.00 to $294.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Stifel Nicolaus decreased their target price on DICK’S Sporting Goods from $240.00 to $226.00 and set a “hold” rating for the company in a report on Wednesday. Finally, Guggenheim restated a “neutral” rating on shares of DICK’S Sporting Goods in a report on Wednesday. Nine investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, DICK’S Sporting Goods currently has a consensus rating of “Moderate Buy” and an average price target of $245.55.

DICK’S Sporting Goods Price Performance

Shares of DICK’S Sporting Goods stock opened at $186.69 on Friday. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. The company has a market cap of $15.21 billion, a PE ratio of 13.34, a P/E/G ratio of 2.47 and a beta of 1.53. The business has a 50 day moving average of $230.08 and a 200 day moving average of $218.77. DICK’S Sporting Goods has a 52 week low of $182.84 and a 52 week high of $254.60.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share for the quarter, beating the consensus estimate of $3.47 by $0.15. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The firm had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the previous year, the company posted $3.85 earnings per share. The business’s revenue was up .5% on a year-over-year basis.

DICK’S Sporting Goods Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be given a dividend of $1.2125 per share. The ex-dividend date of this dividend is Friday, March 28th. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. This represents a $4.85 annualized dividend and a dividend yield of 2.60%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 31.45%.

DICK’S Sporting Goods announced that its Board of Directors has initiated a stock repurchase 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 reacquire up to 18.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.

Insider Activity at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, Director Lawrence J. Schorr sold 7,333 shares of the stock in a transaction dated 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 transaction, the director now owns 50,997 shares of the company’s stock, valued at approximately $11,808,355.35. This represents a 12.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Edward W. Stack sold 160,600 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $229.25, for a total value of $36,817,550.00. Following the completion of the transaction, the chairman now directly owns 8,362,128 shares in the company, 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. Insiders have sold 172,933 shares of company stock valued at $39,655,456 over the last ninety days. Insiders own 32.03% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Greenleaf Trust raised its stake in shares of DICK’S Sporting Goods by 3.0% in the fourth quarter. Greenleaf Trust now owns 1,721 shares of the sporting goods retailer’s stock worth $394,000 after buying an additional 50 shares during the period. Independent Advisor Alliance raised its stake in shares of DICK’S Sporting Goods by 5.4% in the fourth quarter. Independent Advisor Alliance now owns 1,026 shares of the sporting goods retailer’s stock worth $235,000 after buying an additional 53 shares during the period. CIBC Asset Management Inc raised its stake in shares of DICK’S Sporting Goods by 1.7% in the third quarter. CIBC Asset Management Inc now owns 3,232 shares of the sporting goods retailer’s stock worth $675,000 after buying an additional 54 shares during the period. Atria Wealth Solutions Inc. raised its stake in DICK’S Sporting Goods by 2.2% during the 4th quarter. Atria Wealth Solutions Inc. now owns 2,521 shares of the sporting goods retailer’s stock valued at $577,000 after purchasing an additional 54 shares during the period. Finally, EP Wealth Advisors LLC raised its stake in DICK’S Sporting Goods by 5.9% during the 4th quarter. EP Wealth Advisors LLC now owns 1,016 shares of the sporting goods retailer’s stock valued at $232,000 after purchasing an additional 57 shares during the period. Institutional investors own 89.83% of the company’s stock.

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.