DICK’S Sporting Goods’ (DKS) “Outperform” Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group reiterated their outperform rating on shares of DICK’S Sporting Goods (NYSE:DKS) in a research note released on Tuesday morning,Benzinga reports. The brokerage currently has a $260.00 target price on the sporting goods retailer’s stock.

Several other equities analysts also recently weighed in on DKS. Bank of America lifted their price target on shares of DICK’S Sporting Goods from $240.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, September 5th. UBS Group raised their price target on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “neutral” rating in a report on Monday, August 26th. Wells Fargo & Company dropped their price objective on DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating for the company in a research note on Monday, August 12th. TD Cowen lifted their target price on DICK’S Sporting Goods from $266.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Finally, Evercore ISI restated an “outperform” rating and issued a $280.00 price target on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Nine research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $244.62.

DICK’S Sporting Goods Stock Down 1.4 %

DKS opened at $212.28 on Tuesday. The firm’s 50 day simple moving average is $205.78 and its two-hundred day simple moving average is $210.53. The company has a market capitalization of $17.28 billion, a PE ratio of 15.57, a PEG ratio of 2.39 and a beta of 1.64. DICK’S Sporting Goods has a 1-year low of $119.84 and a 1-year high of $239.30. The company has a current ratio of 1.77, a quick ratio of 0.69 and a debt-to-equity ratio of 0.51.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $0.07. The company had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.03 billion. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. During the same period last year, the firm earned $2.85 EPS. DICK’S Sporting Goods’s revenue for the quarter was up .5% compared to the same quarter last year. As a group, equities analysts forecast that DICK’S Sporting Goods will post 13.88 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend was Friday, September 20th. DICK’S Sporting Goods’s dividend payout ratio is currently 32.28%.

Institutional Investors Weigh In On DICK’S Sporting Goods

Several institutional investors have recently made changes to their positions in DKS. Renaissance Technologies LLC raised its holdings in shares of DICK’S Sporting Goods by 51.4% in the second quarter. Renaissance Technologies LLC now owns 1,106,341 shares of the sporting goods retailer’s stock worth $237,697,000 after buying an additional 375,600 shares during the period. Holocene Advisors LP bought a new stake in DICK’S Sporting Goods during the 3rd quarter valued at $70,562,000. KBC Group NV raised its holdings in 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 worth $52,253,000 after purchasing an additional 225,015 shares in the last quarter. International Assets Investment Management LLC lifted its position in DICK’S Sporting Goods by 19,851.3% during 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 acquiring an additional 207,446 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of 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 valued at $41,740,000 after purchasing an additional 189,000 shares during the last quarter. 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.