Stifel Nicolaus Cuts DICK’S Sporting Goods (NYSE:DKS) Price Target to $192.00

DICK’S Sporting Goods (NYSE:DKS) had its target price decreased by Stifel Nicolaus from $226.00 to $192.00 in a research note released on Thursday,Benzinga reports. Stifel Nicolaus currently has a hold rating on the sporting goods retailer’s stock.

A number of other analysts have also recently weighed in on DKS. DA Davidson decreased their price objective on DICK’S Sporting Goods from $280.00 to $273.00 and set a “buy” rating for the company in a research report on Wednesday, March 12th. Loop Capital decreased their price target on DICK’S Sporting Goods from $240.00 to $195.00 and set a “hold” rating for the company in a report on Thursday, March 13th. Argus boosted their price objective on shares of DICK’S Sporting Goods from $255.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Citigroup restated a “neutral” rating and issued a $220.00 target price (down previously from $230.00) on shares of DICK’S Sporting Goods in a research note on Wednesday, March 12th. Finally, Wedbush reiterated a “neutral” rating and set a $215.00 price target on shares of DICK’S Sporting Goods in a research note on Wednesday, March 12th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $244.72.

DICK’S Sporting Goods Price Performance

Shares of NYSE DKS opened at $186.01 on Thursday. The stock has a market cap of $14.85 billion, a P/E ratio of 13.30, a P/E/G ratio of 2.47 and a beta of 1.32. DICK’S Sporting Goods has a twelve month low of $166.37 and a twelve month high of $254.60. The stock has a 50 day moving average of $210.74 and a two-hundred day moving average of $214.58. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share for the quarter, topping analysts’ consensus estimates of $3.47 by $0.15. The firm had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.76 billion. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. DICK’S Sporting Goods’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.85 EPS. On average, research analysts forecast that DICK’S Sporting Goods will post 13.89 earnings per share for the current year.

DICK’S Sporting Goods Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were given a dividend of $1.2125 per share. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. The ex-dividend date was Friday, March 28th. This represents a $4.85 annualized dividend and a yield of 2.61%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 34.54%.

DICK’S Sporting Goods announced that its Board of Directors has initiated a stock buyback plan on Tuesday, March 11th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the sporting goods retailer to repurchase up to 18.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Activity at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, EVP Julie Lodge-Jarrett sold 5,000 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $227.99, for a total value of $1,139,950.00. Following the transaction, the executive vice president now directly owns 16,504 shares in the company, valued at approximately $3,762,746.96. This represents a 23.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 32.03% of the company’s stock.

Hedge Funds Weigh In On DICK’S Sporting Goods

A number of institutional investors have recently modified their holdings of the company. Park Square Financial Group LLC purchased a new stake in DICK’S Sporting Goods in the 4th quarter worth approximately $27,000. New Wave Wealth Advisors LLC acquired a new stake in shares of DICK’S Sporting Goods during the fourth quarter worth $28,000. Ancora Advisors LLC acquired a new stake in shares of DICK’S Sporting Goods during the fourth quarter worth $28,000. Rialto Wealth Management LLC purchased a new stake in shares of DICK’S Sporting Goods in the fourth quarter valued at $30,000. Finally, Sound Income Strategies LLC increased its stake in DICK’S Sporting Goods by 590.0% in the fourth quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer’s stock valued at $32,000 after purchasing an additional 118 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

DICK’S Sporting Goods Company Profile

Dick’s Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.