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

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

A number of other analysts have also commented on DKS. Bank of America lifted their price target on DICK’S Sporting Goods from $240.00 to $250.00 and gave the stock a buy rating in a report on Thursday. Truist Financial raised their price objective on shares of DICK’S Sporting Goods from $243.00 to $256.00 and gave the stock a buy rating in a report on Thursday, May 30th. Stifel Nicolaus raised their price target on shares of DICK’S Sporting Goods from $215.00 to $232.00 and gave the stock a hold rating in a research note on Thursday, May 30th. Wells Fargo & Company decreased their price target on shares of DICK’S Sporting Goods from $230.00 to $227.00 and set an equal weight rating for the company in a research note on Monday, August 12th. Finally, Citigroup raised their price target on shares of DICK’S Sporting Goods from $220.00 to $230.00 and gave the stock a neutral rating in a research note on Thursday, May 30th. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $244.43.

DICK’S Sporting Goods Trading Down 3.2 %

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

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, topping 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 return on equity of 41.80% and a net margin of 7.73%. 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 business posted $2.82 earnings per share. As a group, equities research analysts expect that DICK’S Sporting Goods will post 13.8 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

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

Insider Transactions at DICK’S Sporting Goods

In other news, Director Desiree Ralls-Morrison sold 3,489 shares of DICK’S Sporting Goods stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $206.65, for a total transaction of $721,001.85. Following the completion of the sale, the director now directly owns 5,609 shares of the company’s stock, valued at approximately $1,159,099.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 32.03% of the stock is currently owned by insiders.

Institutional Trading of DICK’S Sporting Goods

Hedge funds have recently made changes to their positions in the stock. Sanctuary Advisors LLC bought a new stake in DICK’S Sporting Goods in the second quarter worth $15,129,000. Cetera Investment Advisers lifted its stake in DICK’S Sporting Goods by 54.6% in the second quarter. Cetera Investment Advisers now owns 11,672 shares of the sporting goods retailer’s stock worth $2,508,000 after purchasing an additional 4,124 shares during the last quarter. Truist Financial Corp lifted its stake in DICK’S Sporting Goods by 1.1% in the second quarter. Truist Financial Corp now owns 18,055 shares of the sporting goods retailer’s stock worth $3,879,000 after purchasing an additional 198 shares during the last quarter. Creative Planning lifted its stake in DICK’S Sporting Goods by 2.6% in the second quarter. Creative Planning now owns 16,775 shares of the sporting goods retailer’s stock worth $3,604,000 after purchasing an additional 425 shares during the last quarter. Finally, Scientech Research LLC lifted its stake in DICK’S Sporting Goods by 525.2% in the second quarter. Scientech Research LLC now owns 14,579 shares of the sporting goods retailer’s stock worth $3,132,000 after purchasing an additional 12,247 shares during the last quarter. 89.83% of the stock is owned by institutional investors.

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.