DICK’S Sporting Goods, Inc. (NYSE:DKS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) have received an average recommendation of “Moderate Buy” from the twenty-two brokerages that are currently covering the stock, Marketbeat Ratings reports. Eleven research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $208.64.

A number of brokerages have recently issued reports on DKS. UBS Group lifted their price target on DICK’S Sporting Goods from $142.00 to $215.00 and gave the company a “neutral” rating in a research report on Tuesday, March 19th. Stifel Nicolaus boosted their price objective on shares of DICK’S Sporting Goods from $126.00 to $215.00 and gave the stock a “hold” rating in a report on Friday, March 15th. Truist Financial lifted their target price on shares of DICK’S Sporting Goods from $201.00 to $243.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. Wedbush upped their price target on shares of DICK’S Sporting Goods from $160.00 to $210.00 and gave the company a “neutral” rating in a research report on Friday, March 15th. Finally, The Goldman Sachs Group lifted their price objective on DICK’S Sporting Goods from $157.00 to $247.00 and gave the stock a “buy” rating in a report on Friday, March 15th.

DICK’S Sporting Goods Stock Down 3.2 %

DKS opened at $196.15 on Thursday. DICK’S Sporting Goods has a twelve month low of $100.98 and a twelve month high of $225.79. The company’s 50-day moving average price is $203.26 and its two-hundred day moving average price is $161.79. The stock has a market cap of $16.17 billion, a price-to-earnings ratio of 16.10, a PEG ratio of 2.46 and a beta of 1.61. The company has a quick ratio of 0.74, a current ratio of 1.78 and a debt-to-equity ratio of 0.57.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Thursday, March 14th. The sporting goods retailer reported $3.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.35 by $0.50. The business had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $3.79 billion. DICK’S Sporting Goods had a return on equity of 42.99% and a net margin of 8.06%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.93 EPS. As a group, equities analysts expect that DICK’S Sporting Goods will post 13.26 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 issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 2.24%. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Wednesday, March 27th. DICK’S Sporting Goods’s dividend payout ratio is presently 36.12%.

Insiders Place Their Bets

In other news, SVP Elizabeth H. Baran sold 2,175 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $221.78, for a total transaction of $482,371.50. Following the completion of the sale, the senior vice president now directly owns 11,051 shares of the company’s stock, valued at $2,450,890.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Elizabeth H. Baran sold 2,175 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $221.78, for a total value of $482,371.50. Following the transaction, the senior vice president now owns 11,051 shares of the company’s stock, valued at $2,450,890.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder William Colombo Trustee U/A Dt purchased 40,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were purchased at an average price of $213.93 per share, for a total transaction of $8,557,200.00. Following the purchase, the insider now owns 8,818,615 shares of the company’s stock, valued at approximately $1,886,566,306.95. The disclosure for this purchase can be found here. Insiders sold a total of 209,763 shares of company stock valued at $46,483,438 over the last 90 days. Insiders own 30.79% 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. V Square Quantitative Management LLC purchased a new position in DICK’S Sporting Goods during the 1st quarter worth $25,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in 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 valued at $28,000 after purchasing an additional 140 shares in the last quarter. 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 worth $43,000 after buying an additional 206 shares during the last quarter. Rise Advisors LLC lifted its stake in shares of DICK’S Sporting Goods by 163.9% during the first quarter. Rise Advisors LLC now owns 256 shares of the sporting goods retailer’s stock worth $57,000 after buying an additional 159 shares during the period. Finally, Capital Analysts LLC increased its position in shares of DICK’S Sporting Goods by 132.5% in the 4th quarter. Capital Analysts LLC now owns 451 shares of the sporting goods retailer’s stock valued at $66,000 after acquiring an additional 257 shares during the period. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Company Profile

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.