DICK’S Sporting Goods, Inc. (NYSE:DKS) Given Average Rating of “Moderate Buy” by Analysts

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

Several research analysts recently weighed in on the stock. Barclays upped their target price on shares of DICK’S Sporting Goods from $247.00 to $254.00 and gave the stock an “overweight” rating in a report on Thursday, September 5th. Loop Capital increased their target price on DICK’S Sporting Goods from $200.00 to $220.00 and gave the stock a “hold” rating in a research report on Thursday, September 5th. Evercore ISI reissued an “outperform” rating and issued a $280.00 price target on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. DA Davidson reaffirmed a “buy” rating and set a $265.00 price objective on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Finally, JPMorgan Chase & Co. boosted their target price on shares of DICK’S Sporting Goods from $211.00 to $215.00 and gave the stock a “neutral” rating in a report on Monday, September 9th.

DICK’S Sporting Goods Stock Performance

Shares of DKS stock opened at $196.73 on Thursday. The company has a quick ratio of 0.69, a current ratio of 1.77 and a debt-to-equity ratio of 0.51. The company has a 50 day moving average price of $212.78 and a 200-day moving average price of $210.65. DICK’S Sporting Goods has a 52 week low of $110.07 and a 52 week high of $239.30. The firm has a market capitalization of $16.02 billion, a PE ratio of 14.43, a P/E/G ratio of 2.22 and a beta of 1.64.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.77 by $0.60. The business had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.44 billion. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.82 EPS. As a group, equities research analysts expect that DICK’S Sporting Goods will post 13.9 earnings per share for the current year.

DICK’S Sporting Goods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were issued a $1.10 dividend. The ex-dividend date was Friday, September 20th. This represents a $4.40 annualized dividend and a dividend yield of 2.24%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 32.28%.

Institutional Trading of DICK’S Sporting Goods

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its stake in shares of DICK’S Sporting Goods by 6.9% during the first quarter. Van ECK Associates Corp now owns 9,427 shares of the sporting goods retailer’s stock valued at $2,120,000 after buying an additional 609 shares during the last quarter. Private Advisor Group LLC grew its position in DICK’S Sporting Goods by 86.3% in the 1st quarter. Private Advisor Group LLC now owns 2,735 shares of the sporting goods retailer’s stock valued at $615,000 after acquiring an additional 1,267 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in DICK’S Sporting Goods by 19.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 41,658 shares of the sporting goods retailer’s stock worth $8,538,000 after purchasing an additional 6,732 shares during the period. BNP Paribas Financial Markets lifted its position in shares of DICK’S Sporting Goods by 53.3% during the first quarter. BNP Paribas Financial Markets now owns 67,519 shares of the sporting goods retailer’s stock worth $15,182,000 after purchasing an additional 23,471 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of DICK’S Sporting Goods by 18.8% during the first quarter. Janney Montgomery Scott LLC now owns 15,882 shares of the sporting goods retailer’s stock valued at $3,571,000 after purchasing an additional 2,512 shares during the period. 89.83% of the stock is owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Company Profile

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.