DICK’S Sporting Goods (NYSE:DKS) Given New $254.00 Price Target at Barclays

DICK’S Sporting Goods (NYSE:DKS) had its price objective increased by Barclays from $247.00 to $254.00 in a report issued on Thursday, Benzinga reports. The firm currently has an overweight rating on the sporting goods retailer’s stock.

Other analysts also recently issued research reports about the stock. Oppenheimer boosted their price objective on shares of DICK’S Sporting Goods from $240.00 to $270.00 and gave the company an outperform rating in a report on Thursday, May 30th. Citigroup boosted their price objective on shares of DICK’S Sporting Goods from $220.00 to $230.00 and gave the company a neutral rating in a report on Thursday, May 30th. Truist Financial boosted their price objective on shares of DICK’S Sporting Goods from $243.00 to $256.00 and gave the company a buy rating in a report on Thursday, May 30th. Wedbush reaffirmed a neutral rating and set a $250.00 price target on shares of DICK’S Sporting Goods in a report on Thursday. Finally, JPMorgan Chase & Co. upped their price target on shares of DICK’S Sporting Goods from $197.00 to $211.00 and gave the stock a neutral rating in a report on Thursday, May 30th. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, DICK’S Sporting Goods presently has a consensus rating of Moderate Buy and an average price target of $244.43.

DICK’S Sporting Goods Stock Down 2.7 %

Shares of DKS opened at $214.85 on Thursday. DICK’S Sporting Goods has a 52 week low of $100.98 and a 52 week high of $239.30. The firm has a market cap of $17.51 billion, a P/E ratio of 17.79, a price-to-earnings-growth ratio of 2.59 and a beta of 1.65. The firm’s 50-day simple moving average is $214.41 and its 200 day simple moving average is $207.43. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.65 and a current ratio of 1.71.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly 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. The business had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.44 billion. DICK’S Sporting Goods had a net margin of 7.73% and a return on equity of 41.80%. DICK’S Sporting Goods’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.82 EPS. On average, analysts forecast that DICK’S Sporting Goods will post 13.8 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 20th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Friday, September 20th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 36.42%.

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 company’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $206.65, for a total value of $721,001.85. Following the completion of the transaction, the director now directly owns 5,609 shares in the company, valued at approximately $1,159,099.85. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 32.03% of the company’s stock.

Institutional Investors Weigh In On DICK’S Sporting Goods

Large investors have recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in shares of DICK’S Sporting Goods during the first quarter worth $25,000. ICA Group Wealth Management LLC acquired a new stake in shares of DICK’S Sporting Goods during the second quarter worth $28,000. Covestor Ltd increased its position in shares of DICK’S Sporting Goods by 70.5% during the first quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer’s stock worth $30,000 after buying an additional 55 shares during the period. Innealta Capital LLC acquired a new stake in shares of DICK’S Sporting Goods during the second quarter worth $31,000. Finally, ORG Partners LLC acquired a new stake in shares of DICK’S Sporting Goods during the second quarter worth $30,000. 89.83% of the stock is currently 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.