DICK’S Sporting Goods, Inc. (NYSE:DKS) Receives $244.62 Average PT from Analysts

DICK’S Sporting Goods, Inc. (NYSE:DKS) has received a consensus recommendation of “Moderate Buy” from the twenty-one ratings firms that are covering the firm, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $244.62.

A number of research firms recently commented on DKS. JPMorgan Chase & Co. boosted their price target on DICK’S Sporting Goods from $211.00 to $215.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Stifel Nicolaus upped their target price on shares of DICK’S Sporting Goods from $215.00 to $232.00 and gave the stock a “hold” rating in a research report on Thursday, May 30th. DA Davidson reiterated a “buy” rating and issued a $265.00 price target on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Robert W. Baird reissued a “neutral” rating and set a $235.00 price objective on shares of DICK’S Sporting Goods in a report on Wednesday, August 28th. Finally, Loop Capital lifted their target price on DICK’S Sporting Goods from $200.00 to $220.00 and gave the stock a “hold” rating in a report on Thursday, September 5th.

DICK’S Sporting Goods Stock Performance

Shares of NYSE DKS opened at $216.95 on Wednesday. The stock has a market cap of $17.68 billion, a PE ratio of 17.96, a price-to-earnings-growth ratio of 2.39 and a beta of 1.64. DICK’S Sporting Goods has a 1 year low of $100.98 and a 1 year high of $239.30. The firm has a fifty day moving average price of $215.24 and a 200-day moving average price of $209.54. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 0.69.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $3.77 by $0.60. The business had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.44 billion. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the firm earned $2.82 earnings per share. Equities analysts anticipate that DICK’S Sporting Goods will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 20th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 2.03%. The ex-dividend date is Thursday, September 19th. DICK’S Sporting Goods’s payout ratio is currently 36.42%.

Insider Buying and Selling at DICK’S Sporting Goods

In other news, Director Desiree Ralls-Morrison sold 3,489 shares of the stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $206.65, for a total value of $721,001.85. Following the sale, the director now directly owns 5,609 shares in the company, valued at $1,159,099.85. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 32.03% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. TFO Wealth Partners LLC grew its stake in DICK’S Sporting Goods by 37,250.0% in the 4th quarter. TFO Wealth Partners LLC now owns 2,241 shares of the sporting goods retailer’s stock worth $329,000 after acquiring an additional 2,235 shares in the last quarter. Franklin Resources Inc. increased its holdings in DICK’S Sporting Goods by 22.0% during the 4th quarter. Franklin Resources Inc. now owns 118,140 shares of the sporting goods retailer’s stock worth $17,361,000 after purchasing an additional 21,342 shares during the period. National Bank of Canada FI raised its position in DICK’S Sporting Goods by 1,313.0% during the 4th quarter. National Bank of Canada FI now owns 13,989 shares of the sporting goods retailer’s stock valued at $2,042,000 after purchasing an additional 12,999 shares in the last quarter. Nomura Holdings Inc. purchased a new stake in shares of DICK’S Sporting Goods in the 4th quarter worth $956,000. Finally, Russell Investments Group Ltd. grew its position in shares of DICK’S Sporting Goods by 12.5% during the 1st quarter. Russell Investments Group Ltd. now owns 97,880 shares of the sporting goods retailer’s stock worth $22,009,000 after buying an additional 10,894 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

About DICK’S Sporting Goods

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