DICK’S Sporting Goods (NYSE:DKS) Receives “Buy” Rating from DA Davidson

DA Davidson reissued their buy rating on shares of DICK’S Sporting Goods (NYSE:DKS) in a research report released on Thursday, Benzinga reports. DA Davidson currently has a $265.00 price target on the sporting goods retailer’s stock.

A number of other analysts have also issued reports on the company. UBS Group lifted their target price on DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a neutral rating in a research report on Monday, August 26th. Barclays lifted their target price on DICK’S Sporting Goods from $231.00 to $247.00 and gave the stock an overweight rating in a research report on Thursday, May 30th. Evercore ISI lifted their target price on DICK’S Sporting Goods from $240.00 to $280.00 and gave the stock an outperform rating in a research report on Thursday, May 30th. Wells Fargo & Company dropped their target price on DICK’S Sporting Goods from $230.00 to $227.00 and set an equal weight rating on the stock in a research report on Monday, August 12th. Finally, Morgan Stanley lifted their target price on 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. Ten analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $244.43.

DICK’S Sporting Goods Trading Down 2.7 %

NYSE:DKS opened at $214.85 on Thursday. The business’s 50-day moving average is $214.41 and its two-hundred day moving average is $207.43. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.71 and a quick ratio of 0.65. DICK’S Sporting Goods has a 12 month low of $100.98 and a 12 month high of $239.30. The firm has a market capitalization of $17.51 billion, a PE ratio of 17.79, a price-to-earnings-growth ratio of 2.59 and a beta of 1.65.

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

DICK’S Sporting Goods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 20th will be issued a dividend of $1.10 per share. The ex-dividend date is Friday, September 20th. This represents a $4.40 annualized dividend and a yield of 2.05%. DICK’S Sporting Goods’s payout ratio is 36.42%.

Insider Buying and Selling

In related news, Director Desiree Ralls-Morrison sold 3,489 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $206.65, for a total transaction of $721,001.85. Following the sale, the director now owns 5,609 shares of the company’s stock, valued at $1,159,099.85. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 32.03% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DKS. V Square Quantitative Management LLC bought a new position in shares of DICK’S Sporting Goods in the first quarter valued at $25,000. ICA Group Wealth Management LLC bought a new position in shares of DICK’S Sporting Goods in the second quarter valued at $28,000. Covestor Ltd increased its holdings in shares of DICK’S Sporting Goods by 70.5% in the first quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer’s stock valued at $30,000 after buying an additional 55 shares in the last quarter. ORG Partners LLC bought a new position in shares of DICK’S Sporting Goods in the second quarter valued at $30,000. Finally, Innealta Capital LLC bought a new position in shares of DICK’S Sporting Goods in the second quarter valued at $31,000. 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.