DICK’S Sporting Goods (NYSE:DKS) Shares Up 5.2% – Still a Buy?

DICK’S Sporting Goods, Inc. (NYSE:DKS) shares were up 5.2% on Monday . The stock traded as high as $218.56 and last traded at $218.02. Approximately 846,668 shares were traded during mid-day trading, a decline of 22% from the average daily volume of 1,090,662 shares. The stock had previously closed at $207.24.

Analyst Ratings Changes

Several research analysts have weighed in on DKS shares. Robert W. Baird reiterated a “neutral” rating and issued a $235.00 price target on shares of DICK’S Sporting Goods in a research report on Wednesday, August 28th. DA Davidson reiterated a “buy” rating and issued a $265.00 price target on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. TD Cowen increased their price target on shares of DICK’S Sporting Goods from $266.00 to $270.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Evercore ISI reiterated an “outperform” rating and issued a $280.00 price target on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Finally, Wedbush restated a “neutral” rating and set a $215.00 price objective (down from $250.00) on shares of DICK’S Sporting Goods in a research report on Wednesday, November 27th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, DICK’S Sporting Goods has an average rating of “Moderate Buy” and an average price target of $244.95.

DICK’S Sporting Goods Stock Performance

The business has a fifty day simple moving average of $205.65 and a two-hundred day simple moving average of $210.92. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.69. The company has a market cap of $17.54 billion, a PE ratio of 14.85, a price-to-earnings-growth ratio of 2.36 and a beta of 1.64.

DICK’S Sporting Goods (NYSE:DKS) last posted its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.68 by $0.07. The company had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.03 billion. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. DICK’S Sporting Goods’s revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.85 earnings per share. Research analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.88 earnings per share for the current year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Friday, December 13th. DICK’S Sporting Goods’s payout ratio is presently 31.45%.

Hedge Funds Weigh In On DICK’S Sporting Goods

A number of large investors have recently made changes to their positions in the business. Renaissance Technologies LLC increased its position in shares of DICK’S Sporting Goods by 51.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,106,341 shares of the sporting goods retailer’s stock valued at $237,697,000 after acquiring an additional 375,600 shares during the period. Holocene Advisors LP acquired a new stake in DICK’S Sporting Goods during the 3rd quarter worth about $70,562,000. KBC Group NV grew its position in DICK’S Sporting Goods by 887.3% during the 3rd quarter. KBC Group NV now owns 250,374 shares of the sporting goods retailer’s stock worth $52,253,000 after purchasing an additional 225,015 shares during the period. International Assets Investment Management LLC grew its position in DICK’S Sporting Goods by 19,851.3% during the 3rd quarter. International Assets Investment Management LLC now owns 208,491 shares of the sporting goods retailer’s stock worth $43,512,000 after purchasing an additional 207,446 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in DICK’S Sporting Goods by 1,718.2% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 200,000 shares of the sporting goods retailer’s stock worth $41,740,000 after purchasing an additional 189,000 shares during the period. 89.83% of the stock is owned by institutional investors and hedge funds.

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.