DICK’S Sporting Goods (NYSE:DKS) Price Target Raised to $225.00

DICK’S Sporting Goods (NYSE:DKS) had its price objective hoisted by Loop Capital from $220.00 to $225.00 in a research note published on Wednesday,Benzinga reports. The brokerage currently has a hold rating on the sporting goods retailer’s stock.

A number of other analysts also recently weighed in on the stock. Telsey Advisory Group reissued an “outperform” rating and issued a $260.00 price target on shares of DICK’S Sporting Goods in a report on Tuesday. TD Cowen increased their price target on shares of DICK’S Sporting Goods from $266.00 to $270.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Citigroup reduced their price objective on shares of DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. UBS Group raised shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $225.00 to $260.00 in a report on Wednesday. Finally, Bank of America raised their price objective on shares of DICK’S Sporting Goods from $240.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $244.95.

DICK’S Sporting Goods Price Performance

NYSE DKS opened at $213.70 on Wednesday. The company has a current ratio of 1.77, a quick ratio of 0.69 and a debt-to-equity ratio of 0.51. The company has a fifty day simple moving average of $205.76 and a 200 day simple moving average of $210.64. The company has a market cap of $17.40 billion, a P/E ratio of 15.68, a P/E/G ratio of 2.45 and a beta of 1.64. DICK’S Sporting Goods has a 1 year low of $120.39 and a 1 year high of $239.30.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.07. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same period in the prior year, the firm earned $2.85 EPS. DICK’S Sporting Goods’s quarterly revenue was up .5% compared to the same quarter last year. On average, sell-side analysts predict that DICK’S Sporting Goods will post 13.88 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a $1.10 dividend. The ex-dividend date is Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a yield of 2.06%. DICK’S Sporting Goods’s dividend payout ratio is 32.28%.

Institutional Trading of DICK’S Sporting Goods

A number of hedge funds have recently made changes to their positions in the business. Brooklyn Investment Group bought a new position in DICK’S Sporting Goods during the 3rd quarter worth $27,000. ICA Group Wealth Management LLC bought a new stake in DICK’S Sporting Goods during the 2nd quarter worth $28,000. ORG Partners LLC bought a new stake in DICK’S Sporting Goods during the 2nd quarter worth $30,000. ORG Wealth Partners LLC bought a new stake in DICK’S Sporting Goods during the 3rd quarter worth $30,000. Finally, Innealta Capital LLC bought a new stake in DICK’S Sporting Goods during the 2nd quarter worth $31,000. 89.83% of the stock is owned by institutional investors and hedge funds.

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.