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

Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) have earned an average rating of “Moderate Buy” from the twenty-one ratings firms that are covering the stock, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $244.62.

DKS has been the subject of several analyst reports. Loop Capital boosted their target price on DICK’S Sporting Goods from $200.00 to $220.00 and gave the stock a “hold” rating in a research note on Thursday, September 5th. Wells Fargo & Company reduced their target price on shares of DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating on the stock in a report on Monday, August 12th. Evercore ISI reiterated an “outperform” rating and issued a $280.00 price target on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Barclays increased their price objective on shares of DICK’S Sporting Goods from $247.00 to $254.00 and gave the company an “overweight” rating in a research report on Thursday, September 5th. Finally, Citigroup decreased their price objective on shares of DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th.

DICK’S Sporting Goods Stock Down 1.6 %

Shares of NYSE:DKS opened at $195.01 on Thursday. The firm’s 50-day moving average is $211.25 and its two-hundred day moving average is $210.68. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 0.69. DICK’S Sporting Goods has a 1 year low of $110.07 and a 1 year high of $239.30. The firm has a market capitalization of $15.88 billion, a PE ratio of 14.31, a price-to-earnings-growth ratio of 2.20 and a beta of 1.64.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.77 by $0.60. The company had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.44 billion. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.82 EPS. Analysts predict that DICK’S Sporting Goods will post 13.9 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently declared 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. This represents a $4.40 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date was Friday, September 20th. DICK’S Sporting Goods’s dividend payout ratio is currently 32.28%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. ORG Partners LLC grew its holdings in shares of DICK’S Sporting Goods by 37.0% during the third quarter. ORG Partners LLC now owns 200 shares of the sporting goods retailer’s stock worth $42,000 after buying an additional 54 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of DICK’S Sporting Goods by 1.7% in the third quarter. CIBC Asset Management Inc now owns 3,232 shares of the sporting goods retailer’s stock valued at $675,000 after purchasing an additional 54 shares during the period. Covestor Ltd raised its stake in shares of DICK’S Sporting Goods by 70.5% during the first quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer’s stock worth $30,000 after purchasing an additional 55 shares during the last quarter. Quent Capital LLC raised its stake in shares of DICK’S Sporting Goods by 0.6% during the second quarter. Quent Capital LLC now owns 9,752 shares of the sporting goods retailer’s stock worth $2,095,000 after purchasing an additional 57 shares during the last quarter. Finally, Vista Capital Partners Inc. grew its position in DICK’S Sporting Goods by 5.7% in the 2nd quarter. Vista Capital Partners Inc. now owns 1,057 shares of the sporting goods retailer’s stock valued at $227,000 after buying an additional 57 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

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.