Telsey Advisory Group Equities Analysts Cut Earnings Estimates for DICK’S Sporting Goods, Inc. (NYSE:DKS)

DICK’S Sporting Goods, Inc. (NYSE:DKS) – Research analysts at Telsey Advisory Group lowered their Q3 2024 earnings per share estimates for shares of DICK’S Sporting Goods in a research note issued to investors on Friday, November 17th. Telsey Advisory Group analyst J. Feldman now anticipates that the sporting goods retailer will earn $2.49 per share for the quarter, down from their previous estimate of $2.60. Telsey Advisory Group has a “Outperform” rating and a $140.00 price target on the stock. The consensus estimate for DICK’S Sporting Goods’ current full-year earnings is $11.80 per share. Telsey Advisory Group also issued estimates for DICK’S Sporting Goods’ Q4 2024 earnings at $3.01 EPS, FY2024 earnings at $11.74 EPS, Q1 2025 earnings at $3.02 EPS, Q3 2025 earnings at $2.90 EPS, Q4 2025 earnings at $3.25 EPS and FY2025 earnings at $12.33 EPS.

A number of other research firms also recently weighed in on DKS. Bank of America downgraded DICK’S Sporting Goods from a “buy” rating to a “neutral” rating and cut their price target for the stock from $180.00 to $125.00 in a research note on Wednesday, August 23rd. Morgan Stanley cut their price target on DICK’S Sporting Goods from $150.00 to $145.00 and set an “overweight” rating for the company in a research note on Tuesday, November 14th. Robert W. Baird cut their price target on DICK’S Sporting Goods from $140.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, August 22nd. Truist Financial began coverage on DICK’S Sporting Goods in a report on Friday. They set a “buy” rating and a $134.00 price objective on the stock. Finally, Stephens reissued an “equal weight” rating and set a $141.00 price objective on shares of DICK’S Sporting Goods in a report on Tuesday, August 22nd. Thirteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, DICK’S Sporting Goods presently has a consensus rating of “Hold” and an average price target of $142.58.

DICK’S Sporting Goods Stock Up 0.8 %

DKS opened at $118.99 on Monday. DICK’S Sporting Goods has a fifty-two week low of $100.98 and a fifty-two week high of $152.61. The business has a 50-day moving average of $109.50 and a 200-day moving average of $124.08. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.81 and a quick ratio of 0.78. The company has a market capitalization of $10.12 billion, a PE ratio of 10.56, a price-to-earnings-growth ratio of 1.98 and a beta of 1.49.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Tuesday, August 22nd. The sporting goods retailer reported $2.82 earnings per share for the quarter, missing analysts’ consensus estimates of $3.76 by ($0.94). DICK’S Sporting Goods had a return on equity of 40.52% and a net margin of 8.03%. The firm had revenue of $3.22 billion for the quarter, compared to analysts’ expectations of $3.24 billion. During the same period last year, the business earned $3.68 earnings per share. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis.

Insider Buying and Selling at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, Director William J. Colombo bought 2,200 shares of the stock in a transaction on Thursday, September 7th. The shares were purchased at an average price of $110.00 per share, with a total value of $242,000.00. Following the acquisition, the director now directly owns 170,192 shares of the company’s stock, valued at approximately $18,721,120. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Sandeep Mathrani acquired 1,300 shares of the firm’s stock in a transaction dated Thursday, August 24th. The shares were bought at an average price of $113.54 per share, with a total value of $147,602.00. Following the acquisition, the director now owns 6,647 shares of the company’s stock, valued at $754,700.38. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William J. Colombo acquired 2,200 shares of the firm’s stock in a transaction dated Thursday, September 7th. The shares were purchased at an average cost of $110.00 per share, for a total transaction of $242,000.00. Following the acquisition, the director now directly owns 170,192 shares in the company, valued at approximately $18,721,120. The disclosure for this purchase can be found here. Insiders own 30.79% of the company’s stock.

Institutional Trading of DICK’S Sporting Goods

Institutional investors have recently modified their holdings of the company. Shelton Capital Management boosted its stake in DICK’S Sporting Goods by 17.2% in the 1st quarter. Shelton Capital Management now owns 3,414 shares of the sporting goods retailer’s stock valued at $484,000 after buying an additional 500 shares in the last quarter. Ameritas Investment Partners Inc. grew its holdings in shares of DICK’S Sporting Goods by 5.7% in the 1st quarter. Ameritas Investment Partners Inc. now owns 15,545 shares of the sporting goods retailer’s stock worth $2,206,000 after purchasing an additional 845 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of DICK’S Sporting Goods by 18.2% in the 1st quarter. American Century Companies Inc. now owns 67,240 shares of the sporting goods retailer’s stock worth $9,520,000 after purchasing an additional 10,360 shares during the last quarter. Pacer Advisors Inc. acquired a new stake in shares of DICK’S Sporting Goods during the 2nd quarter worth about $1,454,000. Finally, Robeco Institutional Asset Management B.V. boosted its position in DICK’S Sporting Goods by 4.0% in the first quarter. Robeco Institutional Asset Management B.V. now owns 43,027 shares of the sporting goods retailer’s stock valued at $6,105,000 after buying an additional 1,647 shares in the last quarter. Institutional investors and hedge funds own 68.21% of the company’s stock.

DICK’S Sporting Goods Company Profile

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.