DICK’S Sporting Goods, Inc. (NYSE:DKS) Receives $248.09 Average PT from Brokerages

DICK’S Sporting Goods, Inc. (NYSE:DKS) has received a consensus rating of “Moderate Buy” from the twenty-two ratings firms that are currently covering the firm, MarketBeat reports. Eight equities research analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $248.09.

A number of equities analysts have commented on the stock. Wedbush reiterated a “neutral” rating and issued a $215.00 target price (down from $250.00) on shares of DICK’S Sporting Goods in a report on Wednesday, November 27th. Truist Financial boosted their price objective on shares of DICK’S Sporting Goods from $256.00 to $258.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Loop Capital lifted their price target on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “hold” rating in a report on Wednesday, November 27th. TD Cowen upped their price target on DICK’S Sporting Goods from $270.00 to $294.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Finally, Morgan Stanley raised their price objective on DICK’S Sporting Goods from $245.00 to $255.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st.

DICK’S Sporting Goods Price Performance

Shares of DKS opened at $236.49 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. The company has a 50 day moving average price of $229.24 and a 200-day moving average price of $217.30. DICK’S Sporting Goods has a fifty-two week low of $160.31 and a fifty-two week high of $254.60. The stock has a market capitalization of $19.27 billion, a PE ratio of 16.90, a PEG ratio of 2.57 and a beta of 1.57.

DICK’S Sporting Goods (NYSE:DKS) last posted its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $3.03 billion. During the same quarter in the prior year, the business earned $2.85 earnings per share. DICK’S Sporting Goods’s revenue was up .5% on a year-over-year basis. Equities analysts predict that DICK’S Sporting Goods will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were paid a $1.10 dividend. The ex-dividend date was Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.86%. DICK’S Sporting Goods’s payout ratio is 31.45%.

Insider Buying and Selling

In other news, EVP Julie Lodge-Jarrett sold 5,000 shares of the stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $227.99, for a total transaction of $1,139,950.00. Following the sale, the executive vice president now directly owns 16,504 shares of the company’s stock, valued at $3,762,746.96. This represents a 23.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Edward W. Stack sold 160,600 shares of DICK’S Sporting Goods stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $229.25, for a total value of $36,817,550.00. Following the completion of the transaction, the chairman now owns 8,362,128 shares of the company’s stock, valued at approximately $1,917,017,844. This represents a 1.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 172,933 shares of company stock valued at $39,655,456 over the last ninety days. Company insiders own 32.03% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cetera Investment Advisers boosted its holdings in DICK’S Sporting Goods by 54.6% in the 2nd quarter. Cetera Investment Advisers now owns 11,672 shares of the sporting goods retailer’s stock worth $2,508,000 after buying an additional 4,124 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of DICK’S Sporting Goods by 21.0% in the third quarter. GAMMA Investing LLC now owns 1,164 shares of the sporting goods retailer’s stock valued at $243,000 after acquiring an additional 202 shares in the last quarter. Atomi Financial Group Inc. boosted its stake in shares of DICK’S Sporting Goods by 10.2% in the third quarter. Atomi Financial Group Inc. now owns 1,236 shares of the sporting goods retailer’s stock worth $258,000 after acquiring an additional 114 shares during the last quarter. UMB Bank n.a. increased its position in shares of DICK’S Sporting Goods by 454.8% during the third quarter. UMB Bank n.a. now owns 172 shares of the sporting goods retailer’s stock worth $36,000 after purchasing an additional 141 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its stake in DICK’S Sporting Goods by 25.8% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 33,600 shares of the sporting goods retailer’s stock valued at $7,040,000 after purchasing an additional 6,900 shares during the last quarter. Hedge funds and other institutional investors 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.