DICK’S Sporting Goods (NYSE:DKS) Earns Outperform Rating from Evercore ISI

Evercore ISI reaffirmed their outperform rating on shares of DICK’S Sporting Goods (NYSE:DKS) in a report issued on Thursday, Benzinga reports. They currently have a $280.00 price objective on the sporting goods retailer’s stock.

Several other equities analysts also recently commented on DKS. Citigroup upped their price objective on shares of DICK’S Sporting Goods from $220.00 to $230.00 and gave the company a neutral rating in a research note on Thursday, May 30th. Loop Capital boosted their price target on shares of DICK’S Sporting Goods from $200.00 to $220.00 and gave the company a hold rating in a research report on Thursday. Stifel Nicolaus boosted their price target 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. Truist Financial boosted their price target on shares of DICK’S Sporting Goods from $243.00 to $256.00 and gave the company a buy rating in a research report on Thursday, May 30th. Finally, TD Cowen boosted their price target on shares of DICK’S Sporting Goods from $266.00 to $270.00 and gave the company a buy rating in a research report on Tuesday, September 3rd. Ten analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, DICK’S Sporting Goods presently has a consensus rating of Moderate Buy and an average target price of $244.43.

DICK’S Sporting Goods Stock Performance

Shares of NYSE:DKS opened at $208.04 on Thursday. The company has a market cap of $16.95 billion, a price-to-earnings ratio of 17.22, a price-to-earnings-growth ratio of 2.59 and a beta of 1.64. The company has a 50-day moving average price of $214.27 and a 200-day moving average price of $207.99. The company has a current ratio of 1.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.55. DICK’S Sporting Goods has a 12 month low of $100.98 and a 12 month high of $239.30.

DICK’S Sporting Goods (NYSE:DKS) last issued 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. The firm had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.44 billion. DICK’S Sporting Goods had a net margin of 7.73% and a return on equity of 41.80%. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.82 earnings per share. As a group, equities analysts anticipate that DICK’S Sporting Goods will post 13.8 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 20th will be issued a $1.10 dividend. The ex-dividend date is Thursday, September 19th. This represents a $4.40 dividend on an annualized basis and a yield of 2.11%. DICK’S Sporting Goods’s payout ratio is currently 36.42%.

Insider Buying and Selling at DICK’S Sporting Goods

In other news, Director Desiree Ralls-Morrison sold 3,489 shares of the business’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $206.65, for a total value of $721,001.85. Following the completion of the transaction, the director now owns 5,609 shares in the company, valued at $1,159,099.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 32.03% of the company’s stock.

Hedge Funds Weigh In On DICK’S Sporting Goods

Hedge funds have recently bought and sold shares of the business. V Square Quantitative Management LLC purchased a new position in DICK’S Sporting Goods in the 1st quarter worth about $25,000. ICA Group Wealth Management LLC purchased a new position in DICK’S Sporting Goods in the 2nd quarter worth about $28,000. Covestor Ltd raised its position in 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 last quarter. Innealta Capital LLC purchased a new position in DICK’S Sporting Goods in the 2nd quarter worth about $31,000. Finally, ORG Partners LLC purchased a new position in DICK’S Sporting Goods in the 2nd quarter worth about $30,000. Hedge funds and other 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.