DICK’S Sporting Goods, Inc. (NYSE:DKS) Receives $236.05 Consensus Price Target from Brokerages

Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) have received a consensus recommendation of “Moderate Buy” from the twenty-two research firms that are covering the stock, MarketBeat reports. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $236.05.

DKS has been the subject of several analyst reports. Wells Fargo & Company dropped their target price on DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating for the company in a report on Monday, August 12th. UBS Group upped their target price on DICK’S Sporting Goods from $215.00 to $220.00 and gave the company a “neutral” rating in a report on Thursday, May 30th. Loop Capital dropped their target price on DICK’S Sporting Goods from $230.00 to $200.00 and set a “hold” rating for the company in a report on Tuesday, August 6th. Robert W. Baird upped their target price on DICK’S Sporting Goods from $225.00 to $235.00 and gave the company a “neutral” rating in a report on Thursday, May 30th. Finally, JPMorgan Chase & Co. upped their target price on DICK’S Sporting Goods from $197.00 to $211.00 and gave the company a “neutral” rating in a report on Thursday, May 30th.

Insider Buying and Selling

In related news, EVP Julie Lodge-Jarrett sold 4,910 shares of the stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $222.02, for a total transaction of $1,090,118.20. Following the transaction, the executive vice president now owns 16,504 shares of the company’s stock, valued at approximately $3,664,218.08. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other DICK’S Sporting Goods news, EVP Julie Lodge-Jarrett sold 4,910 shares of the 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 sale, the executive vice president now owns 16,504 shares of the company’s stock, valued at approximately $3,664,218.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Desiree Ralls-Morrison sold 3,489 shares of the stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $206.65, for a total value of $721,001.85. Following the completion of the sale, the director now directly owns 5,609 shares in the company, valued at approximately $1,159,099.85. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,400 shares of company stock valued at $1,811,336. Corporate insiders own 32.03% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new position in shares of DICK’S Sporting Goods in the 1st quarter valued at approximately $25,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in shares of DICK’S Sporting Goods by 280.0% in the fourth 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 in the last quarter. ICA Group Wealth Management LLC purchased a new stake in shares of DICK’S Sporting Goods in the second quarter valued at approximately $28,000. Covestor Ltd boosted its stake in shares of DICK’S Sporting Goods by 70.5% in the first quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer’s stock valued at $30,000 after buying an additional 55 shares in the last quarter. Finally, ORG Partners LLC purchased a new stake in shares of DICK’S Sporting Goods in the second quarter valued at approximately $30,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Up 0.9 %

NYSE DKS opened at $226.60 on Friday. The business has a fifty day moving average price of $212.42 and a 200 day moving average price of $201.69. DICK’S Sporting Goods has a one year low of $100.98 and a one year high of $234.47. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.65 and a current ratio of 1.71. The company has a market cap of $18.47 billion, a P/E ratio of 18.76, a P/E/G ratio of 2.26 and a beta of 1.65.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Wednesday, May 29th. The sporting goods retailer reported $3.30 EPS for the quarter, beating the consensus estimate of $2.94 by $0.36. DICK’S Sporting Goods had a return on equity of 41.80% and a net margin of 7.73%. The firm had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the prior year, the company earned $3.40 EPS. The firm’s revenue was up 6.2% compared to the same quarter last year. Research analysts anticipate that DICK’S Sporting Goods will post 13.76 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend was Friday, June 14th. DICK’S Sporting Goods’s payout ratio is 36.42%.

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.