DICK’S Sporting Goods (NYSE:DKS) Now Covered by Analysts at Jefferies Financial Group

Jefferies Financial Group assumed coverage on shares of DICK’S Sporting Goods (NYSE:DKS) in a report published on Friday, MarketBeat Ratings reports. The brokerage issued a hold rating and a $211.00 price objective on the sporting goods retailer’s stock.

A number of other equities research analysts have also issued reports on DKS. Wells Fargo & Company increased their price target on DICK’S Sporting Goods from $175.00 to $210.00 and gave the stock an equal weight rating in a research note on Friday, March 15th. Evercore ISI increased their target price on DICK’S Sporting Goods from $200.00 to $240.00 and gave the stock an outperform rating in a research report on Friday, March 15th. UBS Group boosted their price target on DICK’S Sporting Goods from $142.00 to $215.00 and gave the stock a neutral rating in a report on Tuesday, March 19th. DA Davidson upped their price target on DICK’S Sporting Goods from $183.00 to $250.00 and gave the stock a buy rating in a research note on Friday, March 15th. Finally, Oppenheimer lifted their price objective on shares of DICK’S Sporting Goods from $190.00 to $240.00 and gave the company an outperform rating in a research report on Wednesday, March 20th. Twelve research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $208.64.

DICK’S Sporting Goods Stock Down 2.3 %

NYSE DKS opened at $198.42 on Friday. DICK’S Sporting Goods has a 52 week low of $100.98 and a 52 week high of $225.79. The company has a quick ratio of 0.74, a current ratio of 1.78 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $16.36 billion, a P/E ratio of 16.29, a price-to-earnings-growth ratio of 2.46 and a beta of 1.58. The stock’s 50-day moving average price is $191.88 and its 200-day moving average price is $150.91.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Thursday, March 14th. The sporting goods retailer reported $3.85 EPS for the quarter, topping analysts’ consensus estimates of $3.35 by $0.50. The company had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $3.79 billion. DICK’S Sporting Goods had a net margin of 8.06% and a return on equity of 42.99%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.93 EPS. On average, equities research analysts predict that DICK’S Sporting Goods will post 13.29 earnings per share for the current year.

DICK’S Sporting Goods Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were paid a dividend of $1.10 per share. The ex-dividend date was Wednesday, March 27th. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.22%. DICK’S Sporting Goods’s payout ratio is currently 36.12%.

Insider Buying and Selling

In other DICK’S Sporting Goods news, Chairman Edward W. Stack sold 151,210 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chairman now owns 10,899,110 shares in the company, valued at $2,407,940,372.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Elizabeth H. Baran sold 2,175 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $221.78, for a total value of $482,371.50. Following the transaction, the senior vice president now directly owns 11,051 shares in the company, valued at $2,450,890.78. The transaction was disclosed in a document filed with the SEC, which is available at 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 stock was sold at an average price of $220.93, for a total transaction of $33,406,825.30. Following the completion of the transaction, the chairman now directly owns 10,899,110 shares in the company, valued at approximately $2,407,940,372.30. The disclosure for this sale can be found here. Insiders have sold 209,763 shares of company stock valued at $46,483,438 in the last ninety days. 30.79% of the stock is owned by company insiders.

Hedge Funds Weigh In On DICK’S Sporting Goods

Hedge funds have recently added to or reduced their stakes in the stock. Quarry LP purchased a new stake in shares of DICK’S Sporting Goods in the second quarter valued at approximately $26,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in shares of DICK’S Sporting Goods by 280.0% during the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 190 shares of the sporting goods retailer’s stock worth $28,000 after buying an additional 140 shares in the last quarter. Fortis Capital Advisors LLC purchased a new position in shares of DICK’S Sporting Goods during the first quarter valued at $28,000. Pinnacle Holdings LLC bought a new stake in shares of DICK’S Sporting Goods in the fourth quarter valued at about $39,000. Finally, Blue Trust Inc. raised its holdings in shares of DICK’S Sporting Goods by 236.8% in the fourth quarter. Blue Trust Inc. now owns 293 shares of the sporting goods retailer’s stock valued at $43,000 after acquiring an additional 206 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors.

DICK’S Sporting Goods Company Profile

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.