DICK’S Sporting Goods, Inc. (NYSE:DKS) Given Average Rating of “Moderate Buy” by Brokerages

Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) have earned a consensus rating of “Moderate Buy” from the twenty analysts that are presently covering the company, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $205.95.

A number of analysts have weighed in on the company. Telsey Advisory Group upped their target price on DICK’S Sporting Goods from $160.00 to $195.00 and gave the stock an “outperform” rating in a report on Monday, March 11th. Wedbush upped their target price on DICK’S Sporting Goods from $160.00 to $210.00 and gave the stock a “neutral” rating in a report on Friday, March 15th. Morgan Stanley upped their target price on DICK’S Sporting Goods from $160.00 to $235.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. Robert W. Baird increased their price objective on DICK’S Sporting Goods from $145.00 to $185.00 and gave the company a “neutral” rating in a report on Thursday, March 14th. Finally, Stifel Nicolaus increased their price objective on DICK’S Sporting Goods from $126.00 to $215.00 and gave the company a “hold” rating in a report on Friday, March 15th.

DICK’S Sporting Goods Stock Down 0.7 %

Shares of NYSE:DKS opened at $218.52 on Wednesday. DICK’S Sporting Goods has a 52-week low of $100.98 and a 52-week high of $224.72. The stock has a market cap of $17.86 billion, a P/E ratio of 17.94, a price-to-earnings-growth ratio of 2.65 and a beta of 1.55. The business’s 50 day moving average is $174.71 and its 200 day moving average is $140.86. The company has a quick ratio of 0.74, a current ratio of 1.78 and a debt-to-equity ratio of 0.57.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Thursday, March 14th. The sporting goods retailer reported $3.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.35 by $0.50. DICK’S Sporting Goods had a return on equity of 42.99% and a net margin of 8.06%. The company had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $3.79 billion. During the same quarter in the prior year, the firm earned $2.93 earnings per share. DICK’S Sporting Goods’s revenue was up 7.8% compared to the same quarter last year. Sell-side analysts predict that DICK’S Sporting Goods will post 13.43 EPS for the current year.

DICK’S Sporting Goods Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Friday, March 29th will be given a dividend of $1.10 per share. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. This represents a $4.40 annualized dividend and a yield of 2.01%. The ex-dividend date is Wednesday, March 27th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 32.84%.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, Chairman Edward W. Stack sold 151,210 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $220.93, for a total transaction of $33,406,825.30. Following the sale, the chairman now directly owns 10,899,110 shares of the company’s stock, valued at approximately $2,407,940,372.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other DICK’S Sporting Goods news, CEO Lauren R. Hobart sold 40,167 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $223.95, for a total transaction of $8,995,399.65. Following the sale, the chief executive officer now directly owns 280,136 shares of the company’s stock, valued at approximately $62,736,457.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Edward W. Stack sold 151,210 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $220.93, for a total value of $33,406,825.30. Following the sale, the chairman now owns 10,899,110 shares in the company, valued at $2,407,940,372.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 209,763 shares of company stock valued at $46,483,438. Company insiders own 30.79% of the company’s stock.

Institutional Investors Weigh In On DICK’S Sporting Goods

A number of institutional investors have recently modified their holdings of the business. US Bancorp DE grew its position in shares of DICK’S Sporting Goods by 1.5% during the 4th quarter. US Bancorp DE now owns 4,901 shares of the sporting goods retailer’s stock valued at $720,000 after acquiring an additional 71 shares during the period. Sei Investments Co. grew its position in shares of DICK’S Sporting Goods by 0.3% during the 4th quarter. Sei Investments Co. now owns 25,381 shares of the sporting goods retailer’s stock valued at $3,729,000 after acquiring an additional 72 shares during the period. Atlas Capital Advisors LLC grew its position in shares of DICK’S Sporting Goods by 4.8% during the 1st quarter. Atlas Capital Advisors LLC now owns 1,733 shares of the sporting goods retailer’s stock valued at $246,000 after acquiring an additional 79 shares during the period. Thrivent Financial for Lutherans lifted its stake in DICK’S Sporting Goods by 0.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 15,871 shares of the sporting goods retailer’s stock valued at $2,098,000 after buying an additional 79 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in DICK’S Sporting Goods by 0.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 13,370 shares of the sporting goods retailer’s stock valued at $1,965,000 after buying an additional 87 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

About DICK’S Sporting Goods

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.