DICK’S Sporting Goods (NYSE:DKS) Price Target Raised to $250.00 at Bank of America

DICK’S Sporting Goods (NYSE:DKS) had its target price hoisted by Bank of America from $240.00 to $250.00 in a report released on Thursday morning, Benzinga reports. The brokerage currently has a buy rating on the sporting goods retailer’s stock.

A number of other research analysts also recently weighed in on the company. Stifel Nicolaus increased their price target on DICK’S Sporting Goods from $215.00 to $232.00 and gave the company a hold rating in a research note on Thursday, May 30th. DA Davidson reissued a buy rating and issued a $265.00 price target on shares of DICK’S Sporting Goods in a research note on Thursday. Wedbush reissued a neutral rating and issued a $250.00 price target on shares of DICK’S Sporting Goods in a research note on Thursday. Evercore ISI increased their price target on DICK’S Sporting Goods from $240.00 to $280.00 and gave the company an outperform rating in a research note on Thursday, May 30th. Finally, Morgan Stanley increased their price target on DICK’S Sporting Goods from $235.00 to $245.00 and gave the company an overweight rating in a research note on Thursday, May 30th. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $244.43.

DICK’S Sporting Goods Stock Down 3.2 %

NYSE:DKS opened at $208.04 on Thursday. The stock’s fifty day moving average price is $214.27 and its two-hundred day moving average price is $208.28. DICK’S Sporting Goods has a 52-week low of $100.98 and a 52-week high of $239.30. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.65 and a current ratio of 1.71. The company has a market cap of $16.95 billion, a price-to-earnings ratio of 17.22, a P/E/G ratio of 2.59 and a beta of 1.64.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.77 by $0.60. DICK’S Sporting Goods had a return on equity of 41.80% and a net margin of 7.73%. The firm had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.44 billion. During the same quarter in the prior year, the business earned $2.82 EPS. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, analysts anticipate that DICK’S Sporting Goods will post 13.8 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 20th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Thursday, September 19th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 36.42%.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, Director Desiree Ralls-Morrison sold 3,489 shares of the stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $206.65, for a total transaction of $721,001.85. Following the completion of the transaction, the director now owns 5,609 shares in the company, valued at approximately $1,159,099.85. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 32.03% of the company’s stock.

Hedge Funds Weigh In On DICK’S Sporting Goods

Hedge funds have recently modified their holdings of the stock. V Square Quantitative Management LLC bought a new position in shares of DICK’S Sporting Goods in the 1st quarter valued at about $25,000. ICA Group Wealth Management LLC bought a new position in shares of DICK’S Sporting Goods in the 2nd quarter valued at about $28,000. Covestor Ltd grew its holdings in shares of DICK’S Sporting Goods by 70.5% in the 1st quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer’s stock valued at $30,000 after acquiring an additional 55 shares in the last quarter. Innealta Capital LLC bought a new position in shares of DICK’S Sporting Goods in the 2nd quarter valued at about $31,000. Finally, ORG Partners LLC bought a new position in shares of DICK’S Sporting Goods in the 2nd quarter valued at about $30,000. Institutional investors own 89.83% of the company’s stock.

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.