Brokerages Set DICK’S Sporting Goods, Inc. (NYSE:DKS) Price Target at $246.10

DICK’S Sporting Goods, Inc. (NYSE:DKS) has received an average recommendation of “Moderate Buy” from the twenty-one research firms that are currently covering the company, MarketBeat reports. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $246.10.

A number of equities analysts have commented on the stock. Wedbush reiterated a “neutral” rating and issued a $215.00 price objective (down previously from $250.00) on shares of DICK’S Sporting Goods in a report on Wednesday, November 27th. TD Cowen lifted their price target on shares of DICK’S Sporting Goods from $270.00 to $294.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Loop Capital increased their price objective on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a research note on Wednesday, November 27th. Telsey Advisory Group reissued an “outperform” rating and issued a $260.00 target price on shares of DICK’S Sporting Goods in a research report on Tuesday, November 26th. Finally, UBS Group raised DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and upped their target price for the company from $225.00 to $260.00 in a report on Wednesday, November 27th.

Insider Activity

In related news, Chairman Edward W. Stack sold 160,600 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $229.25, for a total transaction of $36,817,550.00. Following the completion of the sale, the chairman now directly owns 8,362,128 shares of the company’s stock, valued at $1,917,017,844. This represents a 1.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lawrence J. Schorr sold 7,333 shares of DICK’S Sporting Goods stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $231.55, for a total transaction of $1,697,956.15. Following the completion of the transaction, the director now owns 50,997 shares in the company, valued at approximately $11,808,355.35. This trade represents a 12.57 % decrease in their position. The disclosure for this sale can be found here. Insiders own 32.03% of the company’s stock.

Institutional Investors Weigh In On DICK’S Sporting Goods

Large investors have recently modified their holdings of the stock. Quest Partners LLC acquired a new position in shares of DICK’S Sporting Goods in the 2nd quarter valued at $92,000. Choreo LLC acquired a new position in shares of DICK’S Sporting Goods in the second quarter worth about $288,000. Daiwa Securities Group Inc. increased its position in shares of DICK’S Sporting Goods by 7.9% in the second quarter. Daiwa Securities Group Inc. now owns 4,100 shares of the sporting goods retailer’s stock worth $881,000 after acquiring an additional 300 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of DICK’S Sporting Goods by 10.8% during the second quarter. American Century Companies Inc. now owns 98,745 shares of the sporting goods retailer’s stock valued at $21,215,000 after acquiring an additional 9,642 shares during the period. Finally, Oppenheimer & Co. Inc. lifted its position in shares of DICK’S Sporting Goods by 72.0% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 9,028 shares of the sporting goods retailer’s stock valued at $1,940,000 after acquiring an additional 3,778 shares in the last quarter. 89.83% of the stock is owned by institutional investors.

DICK’S Sporting Goods Price Performance

Shares of NYSE DKS opened at $226.94 on Tuesday. The company has a market capitalization of $18.49 billion, a price-to-earnings ratio of 16.22, a PEG ratio of 2.62 and a beta of 1.58. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. DICK’S Sporting Goods has a 1-year low of $139.75 and a 1-year high of $239.30. The business has a 50-day moving average of $216.62 and a 200-day moving average of $213.16.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.07. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The company had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter last year, the company earned $2.85 earnings per share. DICK’S Sporting Goods’s revenue for the quarter was up .5% on a year-over-year basis. On average, equities analysts anticipate that DICK’S Sporting Goods will post 13.88 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.94%. The ex-dividend date was Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 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.