DICK’S Sporting Goods, Inc. (NYSE:DKS) Receives $244.62 Consensus Price Target from Analysts

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

DKS has been the topic of several recent research reports. UBS Group lifted their price objective on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. DA Davidson restated a “buy” rating and issued a $265.00 target price on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Citigroup decreased their price target on DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Wells Fargo & Company reduced their price objective on shares of DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating for the company in a report on Monday, August 12th. Finally, Telsey Advisory Group upped their price target on shares of DICK’S Sporting Goods from $255.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th.

Insider Buying and Selling at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, Director Desiree Ralls-Morrison sold 3,489 shares of the firm’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $206.65, for a total transaction of $721,001.85. Following the completion of the transaction, the director now owns 5,609 shares in the company, valued at $1,159,099.85. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 32.03% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. American Trust bought a new position in shares of DICK’S Sporting Goods in the second quarter valued at about $309,000. Sanctuary Advisors LLC acquired a new position in shares of DICK’S Sporting Goods during the second quarter valued at $15,129,000. Cetera Investment Advisers increased its position in DICK’S Sporting Goods by 54.6% in the second quarter. Cetera Investment Advisers now owns 11,672 shares of the sporting goods retailer’s stock worth $2,508,000 after purchasing an additional 4,124 shares during the period. Truist Financial Corp lifted its position in DICK’S Sporting Goods by 1.1% during the 2nd quarter. Truist Financial Corp now owns 18,055 shares of the sporting goods retailer’s stock valued at $3,879,000 after purchasing an additional 198 shares during the period. Finally, Creative Planning raised its stake in shares of DICK’S Sporting Goods by 2.6% during the second quarter. Creative Planning now owns 16,775 shares of the sporting goods retailer’s stock worth $3,604,000 after buying an additional 425 shares during the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

DICK’S Sporting Goods Stock Up 0.4 %

DKS stock opened at $213.13 on Wednesday. The firm has a market cap of $17.37 billion, a price-to-earnings ratio of 17.64, a PEG 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 $215.46 and a two-hundred day moving average price of $209.78. 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 issued its 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. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The company had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.44 billion. During the same period in the previous year, the firm posted $2.82 earnings per share. DICK’S Sporting Goods’s quarterly revenue was up 7.6% compared to the same quarter last year. Research analysts predict that DICK’S Sporting Goods will post 13.89 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 20th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Thursday, September 19th. DICK’S Sporting Goods’s payout ratio is presently 36.42%.

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.