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

DICK’S Sporting Goods, Inc. (NYSE:DKS) has been assigned a consensus rating of “Moderate Buy” from the twenty-one brokerages that are currently covering the company, MarketBeat.com reports. Eight research analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $244.95.

DKS has been the subject of a number of research reports. JPMorgan Chase & Co. raised their target price on shares of DICK’S Sporting Goods from $211.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. 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 raised their target price on shares of DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Loop Capital increased their price target on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “hold” rating in a research report on Wednesday, November 27th. Finally, Citigroup lowered 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.

Hedge Funds Weigh In On DICK’S Sporting Goods

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp raised its holdings in DICK’S Sporting Goods by 1.2% during the 3rd quarter. State Street Corp now owns 2,259,133 shares of the sporting goods retailer’s stock worth $473,945,000 after purchasing an additional 27,155 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of DICK’S Sporting Goods by 3.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,788,820 shares of the sporting goods retailer’s stock worth $373,327,000 after buying an additional 57,672 shares during the period. Renaissance Technologies LLC lifted its holdings in DICK’S Sporting Goods by 51.4% in the second quarter. Renaissance Technologies LLC now owns 1,106,341 shares of the sporting goods retailer’s stock valued at $237,697,000 after buying an additional 375,600 shares during the period. Geode Capital Management LLC lifted its holdings in DICK’S Sporting Goods by 1.0% in the third quarter. Geode Capital Management LLC now owns 1,042,782 shares of the sporting goods retailer’s stock valued at $217,169,000 after buying an additional 10,640 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in DICK’S Sporting Goods by 15.1% during the second quarter. Dimensional Fund Advisors LP now owns 780,346 shares of the sporting goods retailer’s stock valued at $167,683,000 after acquiring an additional 102,609 shares during the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

DICK’S Sporting Goods Stock Up 4.4 %

Shares of DKS stock opened at $235.05 on Friday. DICK’S Sporting Goods has a 52-week low of $137.06 and a 52-week high of $239.30. The stock has a market cap of $19.15 billion, a price-to-earnings ratio of 16.80, a PEG ratio of 2.52 and a beta of 1.61. The firm’s 50-day moving average is $209.40 and its 200-day moving average is $212.69. 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 announced its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter in the previous year, the business earned $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 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.40 annualized dividend and a dividend yield of 1.87%. DICK’S Sporting Goods’s payout ratio is 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.