DICK’S Sporting Goods (NYSE:DKS) Given New $280.00 Price Target at Argus

DICK’S Sporting Goods (NYSE:DKS) had its target price boosted by Argus from $255.00 to $280.00 in a research report released on Wednesday morning,Benzinga reports. Argus currently has a buy rating on the sporting goods retailer’s stock.

DKS has been the subject of several other reports. Telsey Advisory Group restated an “outperform” rating and issued a $260.00 target price on shares of DICK’S Sporting Goods in a research note on Tuesday, November 26th. UBS Group upgraded DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and raised their target price for the company from $225.00 to $260.00 in a research note on Wednesday, November 27th. Truist Financial lifted their price target on DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Wedbush reiterated a “neutral” rating and set a $215.00 price target (down previously from $250.00) on shares of DICK’S Sporting Goods in a research note on Wednesday, November 27th. Finally, Loop Capital lifted their price target on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a research note on Wednesday, November 27th. Eight research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $248.09.

DICK’S Sporting Goods Stock Performance

DKS stock opened at $245.52 on Wednesday. The stock has a 50-day moving average price of $224.68 and a 200-day moving average price of $215.65. DICK’S Sporting Goods has a 1-year low of $148.95 and a 1-year high of $254.60. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. The firm has a market cap of $20.00 billion, a PE ratio of 17.55, a price-to-earnings-growth ratio of 2.69 and a beta of 1.58.

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, topping the consensus estimate of $2.68 by $0.07. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The firm had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.03 billion. During the same period last year, the company posted $2.85 EPS. The business’s quarterly revenue was up .5% on a year-over-year basis. As a group, equities research analysts expect 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 announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders 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 dividend on an annualized basis and a yield of 1.79%. DICK’S Sporting Goods’s payout ratio is 31.45%.

Insider Buying and Selling at DICK’S Sporting Goods

In other news, Director Lawrence J. Schorr sold 7,333 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total transaction of $1,697,956.15. Following the completion of the transaction, the director now directly owns 50,997 shares in the company, valued at $11,808,355.35. The trade was a 12.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the business’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $227.99, for a total transaction of $1,139,950.00. Following the transaction, the executive vice president now owns 16,504 shares of the company’s stock, valued at $3,762,746.96. This trade represents a 23.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 172,933 shares of company stock valued at $39,655,456 in the last 90 days. 32.03% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Kerusso Capital Management LLC purchased a new position in DICK’S Sporting Goods in the third quarter worth $1,554,000. National Pension Service purchased a new stake in DICK’S Sporting Goods during the third quarter valued at about $4,195,000. Strategy Asset Managers LLC purchased a new stake in DICK’S Sporting Goods during the third quarter valued at about $4,325,000. Marion Wealth Management purchased a new stake in DICK’S Sporting Goods during the fourth quarter valued at about $545,000. Finally, Landscape Capital Management L.L.C. boosted its position in DICK’S Sporting Goods by 402.9% during the third quarter. Landscape Capital Management L.L.C. now owns 15,344 shares of the sporting goods retailer’s stock valued at $3,202,000 after buying an additional 12,293 shares during the period. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Company Profile

Dick’s Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.