DICK’S Sporting Goods’ (DKS) Neutral Rating Reiterated at Wedbush

Wedbush reaffirmed their neutral rating on shares of DICK’S Sporting Goods (NYSE:DKS) in a research note published on Tuesday morning, Benzinga reports. The brokerage currently has a $210.00 target price on the sporting goods retailer’s stock.

A number of other equities research analysts have also commented on the stock. Truist Financial increased their price objective on shares of DICK’S Sporting Goods from $201.00 to $243.00 and gave the stock a buy rating in a report on Friday, March 15th. Wells Fargo & Company raised their target price on shares of DICK’S Sporting Goods from $175.00 to $210.00 and gave the company an equal weight rating in a research note on Friday, March 15th. Jefferies Financial Group initiated coverage on shares of DICK’S Sporting Goods in a research note on Friday, April 12th. They issued a hold rating and a $211.00 target price on the stock. Evercore ISI raised their target price on shares of DICK’S Sporting Goods from $200.00 to $240.00 and gave the company an outperform rating in a research note on Friday, March 15th. Finally, Stifel Nicolaus raised their target price on shares of DICK’S Sporting Goods from $126.00 to $215.00 and gave the company a hold rating in a research note on Friday, March 15th. Twelve research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $210.45.

DICK’S Sporting Goods Stock Up 1.8 %

Shares of NYSE:DKS opened at $189.97 on Tuesday. DICK’S Sporting Goods has a 12 month low of $100.98 and a 12 month high of $225.79. The company’s 50-day moving average price is $204.88 and its two-hundred day moving average price is $168.57. 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 firm has a market cap of $15.66 billion, a P/E ratio of 15.60, a P/E/G ratio of 2.25 and a beta of 1.61.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data 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. DICK’S Sporting Goods had a net margin of 8.06% and a return on equity of 42.99%. The firm had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same quarter in the prior year, the firm earned $2.93 EPS. The company’s revenue was up 7.8% on a year-over-year basis. As a group, research analysts forecast that DICK’S Sporting Goods will post 13.27 EPS for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were issued 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 2.32%. The ex-dividend date of this dividend was Wednesday, March 27th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 36.12%.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, major shareholder William Colombo Trustee U/A Dt acquired 40,000 shares of the stock in a transaction dated Friday, March 15th. The shares were bought at an average cost of $213.93 per share, for a total transaction of $8,557,200.00. Following the completion of the acquisition, the insider now directly owns 8,818,615 shares of the company’s stock, valued at $1,886,566,306.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other DICK’S Sporting Goods news, major shareholder William Colombo Trustee U/A Dt acquired 40,000 shares of the stock in a transaction dated Friday, March 15th. The shares were bought at an average cost of $213.93 per share, for a total transaction of $8,557,200.00. Following the completion of the acquisition, the insider now directly owns 8,818,615 shares of the company’s stock, valued at $1,886,566,306.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Edward W. Stack sold 151,210 shares of DICK’S Sporting Goods stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $220.93, for a total transaction of $33,406,825.30. Following the completion of 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 worth $46,483,438. Company insiders own 32.03% of the company’s stock.

Hedge Funds Weigh In On DICK’S Sporting Goods

Hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC grew its stake in shares of DICK’S Sporting Goods by 1,305.5% in the fourth quarter. SG Americas Securities LLC now owns 5,917 shares of the sporting goods retailer’s stock valued at $870,000 after buying an additional 5,496 shares in the last quarter. Todd Asset Management LLC grew its stake in shares of DICK’S Sporting Goods by 129.6% in the fourth quarter. Todd Asset Management LLC now owns 144,050 shares of the sporting goods retailer’s stock valued at $21,168,000 after buying an additional 81,313 shares in the last quarter. First Hawaiian Bank bought a new position in shares of DICK’S Sporting Goods in the fourth quarter valued at $695,000. National Bank of Canada FI grew its stake in shares of DICK’S Sporting Goods by 1,313.0% in the fourth quarter. National Bank of Canada FI now owns 13,989 shares of the sporting goods retailer’s stock valued at $2,042,000 after buying an additional 12,999 shares in the last quarter. Finally, Pacer Advisors Inc. grew its stake in shares of DICK’S Sporting Goods by 4.5% in the fourth quarter. Pacer Advisors Inc. now owns 817,300 shares of the sporting goods retailer’s stock valued at $120,102,000 after buying an additional 34,942 shares in the last quarter. 89.83% of the stock is owned by institutional investors.

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.