DICK’S Sporting Goods, Inc. (NYSE:DKS) Receives $237.09 Average Target Price from Analysts

DICK’S Sporting Goods, Inc. (NYSE:DKS) has been assigned a consensus rating of “Moderate Buy” from the twenty-two analysts that are covering the firm, Marketbeat reports. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $237.09.

A number of equities research analysts recently commented on the company. Bank of America upgraded DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and upped their target price for the company from $225.00 to $240.00 in a research report on Wednesday, May 29th. The Goldman Sachs Group increased their price objective on shares of DICK’S Sporting Goods from $157.00 to $247.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Stifel Nicolaus boosted their target price on shares of DICK’S Sporting Goods from $215.00 to $232.00 and gave the company a “hold” rating in a research report on Thursday, May 30th. Barclays increased their price target 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. Finally, Evercore ISI boosted their price objective on DICK’S Sporting Goods from $240.00 to $280.00 and gave the company an “outperform” rating in a report on Thursday, May 30th.

Insider Buying and Selling at DICK’S Sporting Goods

In other news, EVP Julie Lodge-Jarrett sold 4,910 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $222.02, for a total transaction of $1,090,118.20. Following the completion of the sale, the executive vice president now owns 16,504 shares of the company’s stock, valued at $3,664,218.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 32.03% of the stock is currently owned by insiders.

Hedge Funds Weigh In On DICK’S Sporting Goods

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Massmutual Trust Co. FSB ADV lifted its stake in DICK’S Sporting Goods by 141.9% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 208 shares of the sporting goods retailer’s stock worth $45,000 after purchasing an additional 122 shares in the last quarter. GAMMA Investing LLC lifted its position in DICK’S Sporting Goods by 18.9% during the second quarter. GAMMA Investing LLC now owns 962 shares of the sporting goods retailer’s stock worth $207,000 after buying an additional 153 shares in the last quarter. Westwood Holdings Group Inc. boosted its stake in DICK’S Sporting Goods by 12.5% during the first quarter. Westwood Holdings Group Inc. now owns 6,063 shares of the sporting goods retailer’s stock worth $1,363,000 after buying an additional 676 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in DICK’S Sporting Goods by 24.2% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 146,792 shares of the sporting goods retailer’s stock valued at $33,008,000 after buying an additional 28,600 shares in the last quarter. Finally, Cetera Investment Advisers acquired a new stake in shares of DICK’S Sporting Goods in the 1st quarter worth $1,697,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

DICK’S Sporting Goods Price Performance

Shares of DKS stock opened at $200.13 on Friday. The firm has a market capitalization of $16.31 billion, a price-to-earnings ratio of 16.57, a PEG ratio of 2.17 and a beta of 1.65. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.65 and a current ratio of 1.71. The stock’s 50-day simple moving average is $208.93 and its 200-day simple moving average is $186.82. DICK’S Sporting Goods has a fifty-two week low of $100.98 and a fifty-two week high of $234.47.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Wednesday, May 29th. The sporting goods retailer reported $3.30 earnings per share for the quarter, topping the consensus estimate of $2.94 by $0.36. The company had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.94 billion. DICK’S Sporting Goods had a net margin of 7.73% and a return on equity of 41.80%. DICK’S Sporting Goods’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.40 EPS. As a group, equities analysts forecast that DICK’S Sporting Goods will post 13.76 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, June 28th. Investors of record on Friday, June 14th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend was Friday, June 14th. 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.