DICK’S Sporting Goods, Inc. (NYSE:DKS) Receives $248.09 Consensus Target Price from Brokerages

Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) have been given an average rating of “Moderate Buy” by the twenty-two brokerages that are currently covering the company, MarketBeat reports. Eight investment analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $248.09.

A number of equities research analysts have recently commented on the company. UBS Group raised DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and increased their target price for the stock from $225.00 to $260.00 in a research note on Wednesday, November 27th. Morgan Stanley raised their price objective on shares of DICK’S Sporting Goods from $245.00 to $255.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Loop Capital upped their target price on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “hold” rating in a research note on Wednesday, November 27th. Argus raised their price target on shares of DICK’S Sporting Goods from $255.00 to $280.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Finally, TD Cowen upped their price objective on DICK’S Sporting Goods from $270.00 to $294.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th.

DICK’S Sporting Goods Trading Down 1.1 %

Shares of NYSE DKS opened at $241.40 on Friday. DICK’S Sporting Goods has a 1 year low of $160.31 and a 1 year high of $254.60. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. The firm has a 50-day moving average of $230.53 and a 200 day moving average of $217.71. The stock has a market cap of $19.67 billion, a P/E ratio of 17.26, a price-to-earnings-growth ratio of 2.57 and a beta of 1.57.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.07. The firm had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.03 billion. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The business’s revenue was up .5% on a year-over-year basis. During the same period last year, the business earned $2.85 earnings per share. As a group, sell-side analysts expect that DICK’S Sporting Goods will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.82%. DICK’S Sporting Goods’s payout ratio is currently 31.45%.

Insider Activity at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, Chairman Edward W. Stack sold 160,600 shares of DICK’S Sporting Goods stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $229.25, for a total transaction of $36,817,550.00. Following the transaction, the chairman now owns 8,362,128 shares of the company’s stock, valued at $1,917,017,844. The trade was a 1.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lawrence J. Schorr sold 7,333 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $231.55, for a total transaction of $1,697,956.15. Following the completion of the sale, the director now directly owns 50,997 shares of the company’s stock, valued at approximately $11,808,355.35. This trade represents a 12.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 172,933 shares of company stock worth $39,655,456. 32.03% of the stock is owned by company insiders.

Hedge Funds Weigh In On DICK’S Sporting Goods

Large investors have recently made changes to their positions in the business. Brooklyn Investment Group bought a new stake in DICK’S Sporting Goods during the 3rd quarter valued at approximately $27,000. New Wave Wealth Advisors LLC bought a new stake in shares of DICK’S Sporting Goods during the fourth quarter valued at approximately $28,000. ORG Wealth Partners LLC purchased a new position in shares of DICK’S Sporting Goods in the third quarter worth $30,000. Rialto Wealth Management LLC bought a new position in shares of DICK’S Sporting Goods during the fourth quarter worth $30,000. Finally, True Wealth Design LLC grew its stake in DICK’S Sporting Goods by 2,900.0% during the third quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer’s stock valued at $31,000 after acquiring an additional 145 shares in the last quarter. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Company Profile

Dick’s Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.