DICK’S Sporting Goods (NYSE:DKS) Price Target Increased to $250.00 by Analysts at Bank of America

DICK’S Sporting Goods (NYSE:DKS) had its price objective lifted by Bank of America from $240.00 to $250.00 in a report released on Thursday morning, Benzinga reports. They currently have a buy rating on the sporting goods retailer’s stock.

Other analysts also recently issued reports about the stock. JPMorgan Chase & Co. upped their target price on shares of DICK’S Sporting Goods from $197.00 to $211.00 and gave the stock a neutral rating in a research report on Thursday, May 30th. Morgan Stanley upped their target price on shares of DICK’S Sporting Goods from $235.00 to $245.00 and gave the stock an overweight rating in a research report on Thursday, May 30th. DA Davidson reaffirmed a buy rating and issued a $265.00 target price on shares of DICK’S Sporting Goods in a research report on Thursday. Wells Fargo & Company dropped their price target on shares of DICK’S Sporting Goods from $230.00 to $227.00 and set an equal weight rating on the stock in a research note on Monday, August 12th. Finally, Robert W. Baird reiterated a neutral rating and issued a $235.00 price target on shares of DICK’S Sporting Goods in a research note on Wednesday, August 28th. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, DICK’S Sporting Goods presently has an average rating of Moderate Buy and an average target price of $244.43.

DICK’S Sporting Goods Stock Down 2.7 %

Shares of DICK’S Sporting Goods stock opened at $214.85 on Thursday. The company has a current ratio of 1.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.55. The company’s fifty day simple moving average is $214.41 and its two-hundred day simple moving average is $207.43. The company has a market cap of $17.51 billion, a P/E ratio of 17.79, a PEG ratio of 2.59 and a beta of 1.65. DICK’S Sporting Goods has a 12-month low of $100.98 and a 12-month high of $239.30.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $3.77 by $0.60. The firm had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.44 billion. DICK’S Sporting Goods had a net margin of 7.73% and a return on equity of 41.80%. The company’s revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.82 EPS. Research analysts anticipate that DICK’S Sporting Goods will post 13.8 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 20th will be paid a dividend of $1.10 per share. 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 is currently 36.42%.

Insider Buying and Selling at DICK’S Sporting Goods

In other news, Director Desiree Ralls-Morrison sold 3,489 shares of the 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 transaction, the director now owns 5,609 shares in the company, valued at approximately $1,159,099.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 32.03% of the company’s stock.

Hedge Funds Weigh In On DICK’S Sporting Goods

Institutional investors have recently made changes to their positions in the business. TFO Wealth Partners LLC lifted its stake in shares of DICK’S Sporting Goods by 37,250.0% in the 4th quarter. TFO Wealth Partners LLC now owns 2,241 shares of the sporting goods retailer’s stock worth $329,000 after purchasing an additional 2,235 shares during the period. Franklin Resources Inc. lifted its stake in shares of DICK’S Sporting Goods by 22.0% in the 4th quarter. Franklin Resources Inc. now owns 118,140 shares of the sporting goods retailer’s stock worth $17,361,000 after purchasing an additional 21,342 shares during the period. National Bank of Canada FI lifted its stake in shares of DICK’S Sporting Goods by 1,313.0% in the 4th quarter. National Bank of Canada FI now owns 13,989 shares of the sporting goods retailer’s stock worth $2,042,000 after purchasing an additional 12,999 shares during the period. Nomura Holdings Inc. bought a new position in shares of DICK’S Sporting Goods in the 4th quarter worth approximately $956,000. Finally, Russell Investments Group Ltd. lifted its stake in shares of DICK’S Sporting Goods by 12.5% in the 1st quarter. Russell Investments Group Ltd. now owns 97,880 shares of the sporting goods retailer’s stock worth $22,009,000 after purchasing an additional 10,894 shares during the period. Institutional investors own 89.83% of the company’s stock.

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.