DICK’S Sporting Goods (NYSE:DKS) Hits New 52-Week High – Still a Buy?

DICK’S Sporting Goods, Inc. (NYSE:DKS)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $239.95 and last traded at $242.4690, with a volume of 94938 shares changing hands. The stock had previously closed at $232.96.

Analysts Set New Price Targets

A number of equities analysts recently commented on DKS shares. Truist Financial increased their price objective on DICK’S Sporting Goods from $252.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Robert W. Baird set a $264.00 target price on shares of DICK’S Sporting Goods in a research note on Thursday, May 28th. Barclays increased their price target on shares of DICK’S Sporting Goods from $264.00 to $280.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Jefferies Financial Group upped their price objective on shares of DICK’S Sporting Goods from $210.00 to $224.00 and gave the stock a “hold” rating in a report on Wednesday, May 27th. Finally, Telsey Advisory Group raised their target price on DICK’S Sporting Goods from $240.00 to $255.00 and gave the company an “outperform” rating in a report on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $253.89.

DICK’S Sporting Goods Stock Performance

The stock has a market cap of $21.79 billion, a price-to-earnings ratio of 23.09, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.38 and a current ratio of 1.50. The stock’s 50-day simple moving average is $221.71 and its two-hundred day simple moving average is $210.89.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.01). The business had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.07 billion. DICK’S Sporting Goods had a net margin of 4.71% and a return on equity of 22.22%. The business’s quarterly revenue was up 62.7% compared to the same quarter last year. During the same period last year, the business earned $3.37 EPS. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. Analysts forecast that DICK’S Sporting Goods, Inc. will post 14.23 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, June 12th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 47.53%.

Insider Activity

In other DICK’S Sporting Goods news, EVP Julie Lodge-Jarrett sold 4,140 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $223.56, for a total value of $925,538.40. Following the completion of the sale, the executive vice president owned 24,757 shares in the company, valued at approximately $5,534,674.92. This trade represents a 14.33% decrease in their position. The sale 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 210,478 shares of the firm’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $197.69, for a total value of $41,609,395.82. Following the completion of the sale, the chairman owned 6,549,026 shares of the company’s stock, valued at $1,294,676,949.94. This represents a 3.11% decrease in their position. The SEC filing for this sale provides additional information. 28.91% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in DICK’S Sporting Goods in the fourth quarter worth $30,000. Harbor Investment Advisory LLC acquired a new position in shares of DICK’S Sporting Goods in the 1st quarter valued at $30,000. Clearstead Advisors LLC raised its stake in shares of DICK’S Sporting Goods by 46.9% in the 3rd quarter. Clearstead Advisors LLC now owns 144 shares of the sporting goods retailer’s stock valued at $32,000 after buying an additional 46 shares in the last quarter. Laurel Wealth Advisors LLC bought a new position in shares of DICK’S Sporting Goods during the 4th quarter worth about $34,000. Finally, Elyxium Wealth LLC bought a new position in shares of DICK’S Sporting Goods during the 4th quarter worth about $35,000. 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.