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 been given a consensus recommendation of “Moderate Buy” by the twenty-two ratings firms that are currently covering the company, MarketBeat reports. Eleven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $208.64.

Several analysts have issued reports on DKS shares. Barclays raised their price target on shares of DICK’S Sporting Goods from $194.00 to $239.00 and gave the stock an “overweight” rating in a research report on Monday, March 18th. Gordon Haskett boosted their target price on shares of DICK’S Sporting Goods from $190.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Loop Capital upped their target price on shares of DICK’S Sporting Goods from $150.00 to $220.00 and gave the company a “hold” rating in a research report on Monday, March 18th. Williams Trading raised DICK’S Sporting Goods from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $154.00 to $235.00 in a research note on Thursday, March 14th. Finally, Stifel Nicolaus increased their target price on shares of DICK’S Sporting Goods from $126.00 to $215.00 and gave the stock a “hold” rating in a report on Friday, March 15th.

DICK’S Sporting Goods Stock Down 3.2 %

Shares of DICK’S Sporting Goods stock opened at $196.15 on Thursday. The stock’s fifty day moving average is $203.26 and its 200-day moving average is $161.79. The company has a quick ratio of 0.74, a current ratio of 1.78 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $16.17 billion, a PE ratio of 16.10, a price-to-earnings-growth ratio of 2.46 and a beta of 1.61. DICK’S Sporting Goods has a 12-month low of $100.98 and a 12-month high of $225.79.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Thursday, March 14th. The sporting goods retailer reported $3.85 earnings per share for the quarter, topping analysts’ consensus estimates of $3.35 by $0.50. The business had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $3.79 billion. DICK’S Sporting Goods had a net margin of 8.06% and a return on equity of 42.99%. DICK’S Sporting Goods’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.93 earnings per share. Equities analysts anticipate that DICK’S Sporting Goods will post 13.26 earnings per share for the current year.

DICK’S Sporting Goods Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were paid a $1.10 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.24%. This is a positive change from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. DICK’S Sporting Goods’s dividend payout ratio is presently 36.12%.

Insider Transactions at DICK’S Sporting Goods

In related news, major shareholder William Colombo Trustee U/A Dt acquired 40,000 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were acquired at an average cost of $213.93 per share, with a total value of $8,557,200.00. Following the completion of the acquisition, the insider now directly owns 8,818,615 shares in the company, valued at approximately $1,886,566,306.95. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, major shareholder William Colombo Trustee U/A Dt acquired 40,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was purchased at an average price of $213.93 per share, with a total value of $8,557,200.00. Following the completion of the acquisition, the insider now owns 8,818,615 shares of the company’s stock, valued at approximately $1,886,566,306.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Lauren R. Hobart sold 40,167 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $223.95, for a total transaction of $8,995,399.65. Following the completion of the transaction, the chief executive officer now owns 280,136 shares in the company, valued at $62,736,457.20. The disclosure for this sale can be found here. Insiders have sold 209,763 shares of company stock worth $46,483,438 over the last quarter. 30.79% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Victory Capital Management Inc. boosted its stake in shares of DICK’S Sporting Goods by 4.2% during the 4th quarter. Victory Capital Management Inc. now owns 2,334,018 shares of the sporting goods retailer’s stock worth $342,984,000 after acquiring an additional 94,745 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of DICK’S Sporting Goods by 4.5% during the 4th quarter. Pacer Advisors Inc. now owns 817,300 shares of the sporting goods retailer’s stock worth $120,102,000 after buying an additional 34,942 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of DICK’S Sporting Goods by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 807,203 shares of the sporting goods retailer’s stock worth $118,621,000 after buying an additional 10,091 shares during the period. AQR Capital Management LLC lifted its stake in shares of DICK’S Sporting Goods by 145.0% in the 3rd quarter. AQR Capital Management LLC now owns 789,482 shares of the sporting goods retailer’s stock valued at $85,722,000 after purchasing an additional 467,243 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of DICK’S Sporting Goods during the 4th quarter worth about $108,908,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

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.