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

Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) have been given an average rating of “Moderate Buy” by the twenty-one research firms that are currently covering the firm, Marketbeat reports. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $246.10.

DKS has been the topic of several recent analyst reports. UBS Group upgraded DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and increased their price target for the stock from $225.00 to $260.00 in a report on Wednesday, November 27th. TD Cowen boosted their target price on shares of DICK’S Sporting Goods from $270.00 to $294.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $260.00 price target on shares of DICK’S Sporting Goods in a research note on Tuesday, November 26th. Truist Financial boosted their price objective on shares of 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. Finally, Wedbush reaffirmed a “neutral” rating and set a $215.00 target price (down from $250.00) on shares of DICK’S Sporting Goods in a research report on Wednesday, November 27th.

Insider Buying and Selling

In other news, Chairman Edward W. Stack sold 160,600 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $229.25, for a total transaction of $36,817,550.00. Following the sale, the chairman now directly owns 8,362,128 shares of the company’s stock, valued at $1,917,017,844. The trade was a 1.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lawrence J. Schorr sold 7,333 shares of DICK’S Sporting Goods stock in a transaction dated 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 sale, the director now directly owns 50,997 shares of the company’s stock, valued at approximately $11,808,355.35. This represents a 12.57 % decrease in their position. The disclosure for this sale can be found here. 32.03% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DKS. ICA Group Wealth Management LLC purchased a new position in shares of DICK’S Sporting Goods during the 2nd quarter valued at approximately $28,000. Brooklyn Investment Group acquired a new stake in DICK’S Sporting Goods during the third quarter valued at $27,000. ORG Wealth Partners LLC purchased a new position in DICK’S Sporting Goods in the third quarter valued at $30,000. True Wealth Design LLC raised its position in shares of DICK’S Sporting Goods by 2,900.0% in the third quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer’s stock worth $31,000 after acquiring an additional 145 shares during the period. Finally, Richardson Financial Services Inc. acquired a new position in shares of DICK’S Sporting Goods in the second quarter worth about $34,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

DICK’S Sporting Goods Stock Performance

NYSE DKS opened at $224.79 on Tuesday. The business’s 50 day moving average price is $215.54 and its 200-day moving average price is $213.03. DICK’S Sporting Goods has a fifty-two week low of $139.48 and a fifty-two week high of $239.30. The company has a market cap of $18.31 billion, a P/E ratio of 16.07, a P/E/G ratio of 2.54 and a beta of 1.61. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.68 by $0.07. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The business had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.03 billion. During the same quarter in the previous year, the business posted $2.85 earnings per share. The business’s revenue was up .5% compared to the same quarter last year. Sell-side analysts predict that DICK’S Sporting Goods will post 13.88 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.40 annualized dividend and a dividend yield of 1.96%. DICK’S Sporting Goods’s dividend payout ratio is presently 31.45%.

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.