DICK’S Sporting Goods, Inc. (NYSE:DKS) Given Average Recommendation of “Moderate Buy” by Brokerages

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

DKS has been the subject of several recent research reports. Telsey Advisory Group boosted their price target on DICK’S Sporting Goods from $255.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Robert W. Baird restated a “neutral” rating and set a $235.00 price objective on shares of DICK’S Sporting Goods in a research report on Wednesday, August 28th. JPMorgan Chase & Co. lifted their target price on DICK’S Sporting Goods from $211.00 to $215.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Evercore ISI reissued an “outperform” rating and issued a $280.00 target price on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Finally, Wells Fargo & Company decreased 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 report on Monday, August 12th.

DICK’S Sporting Goods Trading Up 4.2 %

Shares of NYSE DKS opened at $210.16 on Monday. The company’s 50 day simple moving average is $205.72 and its 200 day simple moving average is $210.41. 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 has a fifty-two week low of $119.84 and a fifty-two week high of $239.30. The firm has a market capitalization of $17.11 billion, a P/E ratio of 15.42, a P/E/G ratio of 2.29 and a beta of 1.64.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate 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 prior year, the company earned $2.82 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, analysts predict that DICK’S Sporting Goods will post 13.91 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 20th were issued a $1.10 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $4.40 dividend on an annualized basis and a yield of 2.09%. DICK’S Sporting Goods’s payout ratio is 32.28%.

Institutional Investors Weigh In On DICK’S Sporting Goods

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC grew its stake in DICK’S Sporting Goods by 51.4% during 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 in the last quarter. Holocene Advisors LP acquired a new position in shares of DICK’S Sporting Goods during the 3rd quarter worth approximately $70,562,000. KBC Group NV grew its position in shares of DICK’S Sporting Goods by 887.3% in the third quarter. KBC Group NV now owns 250,374 shares of the sporting goods retailer’s stock valued at $52,253,000 after purchasing an additional 225,015 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of DICK’S Sporting Goods by 19,851.3% in the third quarter. International Assets Investment Management LLC now owns 208,491 shares of the sporting goods retailer’s stock valued at $43,512,000 after purchasing an additional 207,446 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in DICK’S Sporting Goods by 1,718.2% during the third 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 buying an additional 189,000 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

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.