DICK’S Sporting Goods, Inc. (NYSE:DKS) Receives $244.95 Average PT from Brokerages

Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) have earned a consensus rating of “Moderate Buy” from the twenty-one brokerages that are presently covering the stock, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $244.95.

Several equities analysts have recently commented on the stock. TD Cowen increased their price target on shares of DICK’S Sporting Goods from $266.00 to $270.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Wedbush reiterated a “neutral” rating and issued a $215.00 price target (down from $250.00) on shares of DICK’S Sporting Goods in a report on Wednesday, November 27th. DA Davidson reissued a “buy” rating and set a $265.00 price target on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Barclays lifted their price objective on shares of DICK’S Sporting Goods from $247.00 to $254.00 and gave the stock an “overweight” rating in a report on Thursday, September 5th. Finally, Citigroup dropped their target price on shares of DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Retirement Systems of Alabama lifted its position in DICK’S Sporting Goods by 13.3% in the third quarter. Retirement Systems of Alabama now owns 126,800 shares of the sporting goods retailer’s stock worth $26,463,000 after purchasing an additional 14,934 shares during the period. Tidal Investments LLC lifted its holdings in shares of DICK’S Sporting Goods by 47.3% in the third quarter. Tidal Investments LLC now owns 7,597 shares of the sporting goods retailer’s stock valued at $1,585,000 after buying an additional 2,441 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in DICK’S Sporting Goods during the third quarter worth about $140,000. World Investment Advisors LLC bought a new stake in DICK’S Sporting Goods in the third quarter worth about $211,000. Finally, Toronto Dominion Bank lifted its holdings in DICK’S Sporting Goods by 29.1% in the 3rd quarter. Toronto Dominion Bank now owns 7,322 shares of the sporting goods retailer’s stock valued at $1,528,000 after acquiring an additional 1,650 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors.

DICK’S Sporting Goods Stock Down 0.0 %

Shares of DICK’S Sporting Goods stock opened at $225.21 on Friday. The company has a market capitalization of $18.35 billion, a PE ratio of 16.10, a P/E/G ratio of 2.52 and a beta of 1.61. DICK’S Sporting Goods has a 1-year low of $137.06 and a 1-year high of $239.30. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. The business has a 50-day moving average of $208.75 and a 200-day moving average of $212.45.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, beating 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 company had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.03 billion. The business’s revenue was up .5% on a year-over-year basis. During the same period in the prior year, the business posted $2.85 EPS. As a group, equities analysts forecast that DICK’S Sporting Goods will post 13.88 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a dividend of $1.10 per share. The ex-dividend date is Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.95%. DICK’S Sporting Goods’s dividend payout ratio (DPR) 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.