DICK’S Sporting Goods (NYSE:DKS) Reaches New 12-Month Low – Here’s Why

DICK’S Sporting Goods, Inc. (NYSE:DKS) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $184.14 and last traded at $183.39, with a volume of 169096 shares traded. The stock had previously closed at $191.29.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on DKS shares. Barclays upped their target price on DICK’S Sporting Goods from $264.00 to $280.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. Wells Fargo & Company raised DICK’S Sporting Goods from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $220.00 to $240.00 in a report on Monday, August 10th. Robert W. Baird set a $264.00 price objective on DICK’S Sporting Goods in a research report on Thursday, May 28th. Truist Financial upped their price objective on DICK’S Sporting Goods from $252.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Finally, UBS Group raised DICK’S Sporting Goods from a “buy” rating to a “positive” rating in a research report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, DICK’S Sporting Goods has a consensus rating of “Moderate Buy” and an average price target of $258.44.

DICK’S Sporting Goods Stock Down 5.3%

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 firm has a 50 day simple moving average of $215.57 and a two-hundred day simple moving average of $211.71. The stock has a market cap of $16.21 billion, a P/E ratio of 17.22, a P/E/G ratio of 1.67 and a beta of 1.21.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 EPS for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.01). The business had revenue of $5.16 billion for 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%. DICK’S Sporting Goods’s revenue for the quarter was up 62.7% on a year-over-year basis. During the same period last year, the business posted $3.37 earnings per share. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. Equities research analysts predict 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 disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were issued a $1.25 dividend. The ex-dividend date was Friday, June 12th. This represents a $5.00 annualized dividend and a dividend yield of 2.8%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 47.53%.

Institutional Investors Weigh In On DICK’S Sporting Goods

Institutional investors have recently added to or reduced their stakes in the company. Jacobi Capital Management LLC boosted its stake in DICK’S Sporting Goods by 4.5% during the 4th quarter. Jacobi Capital Management LLC now owns 1,189 shares of the sporting goods retailer’s stock valued at $235,000 after purchasing an additional 51 shares in the last quarter. Lido Advisors LLC raised its stake in shares of DICK’S Sporting Goods by 3.9% in the 3rd quarter. Lido Advisors LLC now owns 1,358 shares of the sporting goods retailer’s stock worth $302,000 after buying an additional 51 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in shares of DICK’S Sporting Goods by 2.4% in the first quarter. Fifth Third Wealth Advisors LLC now owns 2,284 shares of the sporting goods retailer’s stock valued at $453,000 after buying an additional 54 shares during the period. PCB Capital LLC lifted its holdings in shares of DICK’S Sporting Goods by 1.5% in the first quarter. PCB Capital LLC now owns 3,607 shares of the sporting goods retailer’s stock valued at $715,000 after buying an additional 55 shares during the period. Finally, Parallel Advisors LLC boosted its stake in DICK’S Sporting Goods by 5.9% during the fourth quarter. Parallel Advisors LLC now owns 980 shares of the sporting goods retailer’s stock valued at $194,000 after buying an additional 55 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

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.