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

DICK’S Sporting Goods, Inc. (NYSE:DKS) has been given a consensus recommendation of “Moderate Buy” by the twenty-two research firms that are covering the stock, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $248.09.

Several research firms have recently weighed in on DKS. TD Cowen boosted their price objective on shares of DICK’S Sporting Goods from $270.00 to $294.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Truist Financial lifted their price objective on DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Wedbush reiterated a “neutral” rating and issued a $215.00 price target (down previously from $250.00) on shares of DICK’S Sporting Goods in a research note on Wednesday, November 27th. Telsey Advisory Group reiterated an “outperform” rating and set a $260.00 price objective on shares of DICK’S Sporting Goods in a research report on Tuesday, November 26th. Finally, Loop Capital boosted their target price on DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “hold” rating in a research report on Wednesday, November 27th.

Insider Buying and Selling at DICK’S Sporting Goods

In related news, Chairman Edward W. Stack sold 160,600 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $229.25, for a total transaction of $36,817,550.00. Following the completion of the transaction, the chairman now directly owns 8,362,128 shares in the company, valued at approximately $1,917,017,844. This trade represents a 1.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lawrence J. Schorr sold 7,333 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $231.55, for a total value of $1,697,956.15. Following the transaction, the director now directly owns 50,997 shares in the company, valued at $11,808,355.35. This trade represents a 12.57 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 172,933 shares of company stock worth $39,655,456. 32.03% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On DICK’S Sporting Goods

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Kerusso Capital Management LLC bought a new stake in shares of DICK’S Sporting Goods during the 3rd quarter valued at about $1,554,000. National Pension Service purchased a new position in shares of DICK’S Sporting Goods during the third quarter valued at approximately $4,195,000. Marion Wealth Management purchased a new position in DICK’S Sporting Goods during the 4th quarter worth $545,000. Strategy Asset Managers LLC bought a new position in shares of DICK’S Sporting Goods during the third quarter valued at about $4,325,000. Finally, Landscape Capital Management L.L.C. boosted its stake in shares of DICK’S Sporting Goods by 402.9% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 15,344 shares of the sporting goods retailer’s stock worth $3,202,000 after buying an additional 12,293 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

DICK’S Sporting Goods Price Performance

Shares of NYSE DKS opened at $233.99 on Friday. The firm has a market capitalization of $19.06 billion, a P/E ratio of 16.73, a P/E/G ratio of 2.73 and a beta of 1.57. DICK’S Sporting Goods has a 1-year low of $156.65 and a 1-year high of $254.60. The firm’s 50-day moving average price is $228.82 and its 200-day moving average price is $216.86. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.68 by $0.07. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The firm had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.03 billion. During the same quarter in the prior year, the firm earned $2.85 EPS. The business’s revenue for the quarter was up .5% compared to the same quarter last year. Equities research analysts anticipate that DICK’S Sporting Goods will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend was Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio is currently 31.45%.

About DICK’S Sporting Goods

Dick’s Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.