DICK’S Sporting Goods (NYSE:DKS) Given New $120.00 Price Target at Wells Fargo & Company

DICK’S Sporting Goods (NYSE:DKSGet Rating) had its price target hoisted by Wells Fargo & Company from $103.00 to $120.00 in a report published on Wednesday morning, The Fly reports.

Other equities analysts have also issued reports about the company. Robert W. Baird upped their target price on DICK’S Sporting Goods from $115.00 to $120.00 in a research note on Tuesday. Cowen upped their target price on DICK’S Sporting Goods from $126.00 to $128.00 and gave the company an outperform rating in a research note on Wednesday, August 17th. Cowen upped their target price on DICK’S Sporting Goods from $128.00 to $142.00 in a research note on Wednesday, August 24th. Wedbush upped their target price on DICK’S Sporting Goods from $130.00 to $140.00 and gave the company an outperform rating in a research note on Wednesday. Finally, Citigroup upped their target price on DICK’S Sporting Goods from $136.00 to $143.00 and gave the company a buy rating in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of $135.16.

DICK’S Sporting Goods Stock Performance

NYSE DKS opened at $118.98 on Wednesday. DICK’S Sporting Goods has a fifty-two week low of $63.45 and a fifty-two week high of $132.75. The stock has a market cap of $9.42 billion, a price-to-earnings ratio of 10.20, a price-to-earnings-growth ratio of 1.87 and a beta of 1.46. The business has a fifty day moving average of $110.13 and a 200-day moving average of $98.03. The company has a quick ratio of 0.75, a current ratio of 1.82 and a debt-to-equity ratio of 0.85.

DICK’S Sporting Goods (NYSE:DKSGet Rating) last released its quarterly earnings results on Tuesday, August 23rd. The sporting goods retailer reported $3.68 earnings per share for the quarter, topping analysts’ consensus estimates of $3.53 by $0.15. The company had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $3.07 billion. DICK’S Sporting Goods had a return on equity of 55.70% and a net margin of 10.42%. The business’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.08 earnings per share. As a group, analysts predict that DICK’S Sporting Goods will post 11.44 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Friday, December 9th will be given a $0.488 dividend. This represents a $1.95 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Thursday, December 8th. DICK’S Sporting Goods’s payout ratio is 16.72%.

Institutional Investors Weigh In On DICK’S Sporting Goods

Institutional investors and hedge funds have recently modified their holdings of the stock. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of DICK’S Sporting Goods by 0.8% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 40,088 shares of the sporting goods retailer’s stock worth $4,009,000 after buying an additional 331 shares during the period. National Bank of Canada FI boosted its holdings in DICK’S Sporting Goods by 413.8% in the first quarter. National Bank of Canada FI now owns 3,211 shares of the sporting goods retailer’s stock valued at $341,000 after purchasing an additional 2,586 shares during the last quarter. Parametrica Management Ltd purchased a new position in DICK’S Sporting Goods in the first quarter valued at about $345,000. Townsend & Associates Inc purchased a new position in DICK’S Sporting Goods in the second quarter valued at about $1,872,000. Finally, CX Institutional boosted its holdings in DICK’S Sporting Goods by 431.0% in the second quarter. CX Institutional now owns 10,742 shares of the sporting goods retailer’s stock valued at $809,000 after purchasing an additional 8,719 shares during the last quarter. Hedge funds and other institutional investors own 78.85% of the company’s stock.

DICK’S Sporting Goods Company Profile

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

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