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

DICK’S Sporting Goods, Inc. (NYSE:DKS) has received an average rating of “Moderate Buy” from the twenty-two analysts that are currently covering the company, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $248.09.

A number of research analysts recently commented on the stock. TD Cowen increased their price target on shares of DICK’S Sporting Goods from $270.00 to $294.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $260.00 price objective on shares of DICK’S Sporting Goods in a research note on Tuesday, November 26th. UBS Group raised DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and boosted their target price for the company from $225.00 to $260.00 in a research report on Wednesday, November 27th. Loop Capital raised their price target on DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “hold” rating in a research report on Wednesday, November 27th. Finally, Morgan Stanley boosted their price objective on shares of DICK’S Sporting Goods from $245.00 to $255.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st.

Insider Activity

In other DICK’S Sporting Goods news, Director Lawrence J. Schorr sold 7,333 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total transaction of $1,697,956.15. Following the transaction, the director now owns 50,997 shares of the company’s stock, valued at approximately $11,808,355.35. This trade represents a 12.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Edward W. Stack sold 160,600 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $229.25, for a total transaction of $36,817,550.00. Following the completion of the sale, 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. Over the last 90 days, insiders have sold 172,933 shares of company stock worth $39,655,456. Company insiders own 32.03% of the company’s stock.

Institutional Trading of DICK’S Sporting Goods

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Greenleaf Trust lifted its stake in shares of DICK’S Sporting Goods by 3.0% during the 4th quarter. Greenleaf Trust now owns 1,721 shares of the sporting goods retailer’s stock worth $394,000 after purchasing an additional 50 shares during the last quarter. Independent Advisor Alliance lifted its position in shares of DICK’S Sporting Goods by 5.4% during the fourth quarter. Independent Advisor Alliance now owns 1,026 shares of the sporting goods retailer’s stock valued at $235,000 after buying an additional 53 shares during the last quarter. ORG Partners LLC boosted its holdings in shares of DICK’S Sporting Goods by 37.0% in the 3rd quarter. ORG Partners LLC now owns 200 shares of the sporting goods retailer’s stock valued at $42,000 after buying an additional 54 shares in the last quarter. CIBC Asset Management Inc grew its position in shares of DICK’S Sporting Goods by 1.7% in the 3rd quarter. CIBC Asset Management Inc now owns 3,232 shares of the sporting goods retailer’s stock worth $675,000 after buying an additional 54 shares during the last quarter. Finally, Atria Wealth Solutions Inc. raised its stake in shares of DICK’S Sporting Goods by 2.2% during the 4th quarter. Atria Wealth Solutions Inc. now owns 2,521 shares of the sporting goods retailer’s stock worth $577,000 after acquiring an additional 54 shares in the last quarter. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Performance

NYSE:DKS opened at $241.40 on Friday. The company has a market cap of $19.67 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 2.57 and a beta of 1.57. DICK’S Sporting Goods has a 1 year low of $160.31 and a 1 year high of $254.60. The stock’s 50 day simple moving average is $230.53 and its two-hundred day simple moving average is $217.71. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.07. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The company had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.03 billion. During the same quarter in the previous year, the business posted $2.85 earnings per share. DICK’S Sporting Goods’s quarterly revenue was up .5% on a year-over-year basis. As a group, equities analysts anticipate that DICK’S Sporting Goods will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date was Friday, December 13th. DICK’S Sporting Goods’s payout ratio is 31.45%.

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.