DICK’S Sporting Goods, Inc. (NYSE:DKS) Given Average Rating of “Moderate Buy” by Analysts

Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) have received an average rating of “Moderate Buy” from the twenty-two analysts that are currently covering the company, Marketbeat Ratings reports. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $237.09.

DKS has been the topic of a number of analyst reports. Truist Financial increased their target price on DICK’S Sporting Goods from $243.00 to $256.00 and gave the company a “buy” rating in a report on Thursday, May 30th. UBS Group lifted their price objective on DICK’S Sporting Goods from $215.00 to $220.00 and gave the stock a “neutral” rating in a research report on Thursday, May 30th. Barclays boosted their target price on shares of DICK’S Sporting Goods from $231.00 to $247.00 and gave the company an “overweight” rating in a research note on Thursday, May 30th. Robert W. Baird raised their price target on shares of DICK’S Sporting Goods from $225.00 to $235.00 and gave the stock a “neutral” rating in a research note on Thursday, May 30th. Finally, Stifel Nicolaus boosted their price objective 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.

Insider Activity

In related news, EVP Julie Lodge-Jarrett sold 4,910 shares of the business’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $222.02, for a total value of $1,090,118.20. Following the completion of the sale, the executive vice president now directly owns 16,504 shares of the company’s stock, valued at $3,664,218.08. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 32.03% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in DICK’S Sporting Goods in the first quarter worth $25,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings in shares of DICK’S Sporting Goods by 280.0% in the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 190 shares of the sporting goods retailer’s stock valued at $28,000 after buying an additional 140 shares during the period. Covestor Ltd grew its position in shares of DICK’S Sporting Goods by 70.5% during the 1st quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer’s stock valued at $30,000 after buying an additional 55 shares during the last quarter. Blue Trust Inc. raised its stake in DICK’S Sporting Goods by 236.8% during the fourth quarter. Blue Trust Inc. now owns 293 shares of the sporting goods retailer’s stock worth $43,000 after acquiring an additional 206 shares during the period. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in DICK’S Sporting Goods by 141.9% in the second quarter. Massmutual Trust Co. FSB ADV now owns 208 shares of the sporting goods retailer’s stock worth $45,000 after acquiring an additional 122 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

DICK’S Sporting Goods Trading Up 1.0 %

NYSE:DKS opened at $200.13 on Friday. DICK’S Sporting Goods has a 52-week low of $100.98 and a 52-week high of $234.47. The company has a quick ratio of 0.65, a current ratio of 1.71 and a debt-to-equity ratio of 0.55. The stock has a fifty day simple moving average of $208.93 and a 200-day simple moving average of $186.82. The company has a market capitalization of $16.31 billion, a PE ratio of 16.57, a price-to-earnings-growth ratio of 2.17 and a beta of 1.65.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Wednesday, May 29th. The sporting goods retailer reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.94 by $0.36. The company had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.94 billion. DICK’S Sporting Goods had a net margin of 7.73% and a return on equity of 41.80%. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.40 earnings per share. On average, equities research analysts expect that DICK’S Sporting Goods will post 13.76 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend was Friday, June 14th. DICK’S Sporting Goods’s dividend payout ratio is currently 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.