DICK’S Sporting Goods, Inc. (NYSE:DKS) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

DICK’S Sporting Goods, Inc. (NYSE:DKS) has been given an average rating of “Moderate Buy” by the twenty-one analysts that are covering the firm, MarketBeat reports. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $244.62.

A number of research analysts recently issued reports on the stock. TD Cowen lifted their price objective on shares of 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. Barclays boosted their target price on DICK’S Sporting Goods from $247.00 to $254.00 and gave the stock an “overweight” rating in a research note on Thursday, September 5th. Robert W. Baird reaffirmed a “neutral” rating and set a $235.00 price target on shares of DICK’S Sporting Goods in a report on Wednesday, August 28th. Telsey Advisory Group raised their target price on shares of DICK’S Sporting Goods from $255.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Finally, Wedbush reiterated a “neutral” rating and issued a $250.00 price target on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th.

Insider Activity at DICK’S Sporting Goods

In related news, Director Desiree Ralls-Morrison sold 3,489 shares of the firm’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $206.65, for a total transaction of $721,001.85. Following the transaction, the director now directly owns 5,609 shares of the company’s stock, valued at approximately $1,159,099.85. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 32.03% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On DICK’S Sporting Goods

Hedge funds have recently made changes to their positions in the business. ICA Group Wealth Management LLC purchased a new stake in shares of DICK’S Sporting Goods in the 2nd quarter worth about $28,000. Covestor Ltd grew its position in shares of DICK’S Sporting Goods by 70.5% in the 1st quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer’s stock worth $30,000 after buying an additional 55 shares during the period. ORG Partners LLC bought a new position in shares of DICK’S Sporting Goods in the 2nd quarter worth about $30,000. Innealta Capital LLC purchased a new position in DICK’S Sporting Goods during the 2nd quarter valued at about $31,000. Finally, Richardson Financial Services Inc. purchased a new stake in shares of DICK’S Sporting Goods in the second quarter worth $34,000. 89.83% of the stock is owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Trading Up 3.6 %

NYSE DKS opened at $215.03 on Friday. The company has a market cap of $17.52 billion, a PE ratio of 17.80, a PEG ratio of 2.45 and a beta of 1.62. DICK’S Sporting Goods has a 12 month low of $100.98 and a 12 month high of $239.30. The stock has a 50 day moving average of $216.06 and a 200-day moving average of $211.67. 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 posted 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 business had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.44 billion. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The firm’s revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.82 EPS. On average, equities research analysts anticipate that DICK’S Sporting Goods will post 13.9 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 20th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.05%. DICK’S Sporting Goods’s payout ratio is 36.42%.

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.