DICK’S Sporting Goods (NYSE:DKS) Given New $200.00 Price Target at Loop Capital

DICK’S Sporting Goods (NYSE:DKS) had its price objective decreased by Loop Capital from $230.00 to $200.00 in a research note issued to investors on Tuesday morning, Benzinga reports. Loop Capital currently has a hold rating on the sporting goods retailer’s stock.

A number of other brokerages have also issued reports on DKS. Bank of America upgraded shares of DICK’S Sporting Goods from a neutral rating to a buy rating and upped their price target for the company from $225.00 to $240.00 in a research note on Wednesday, May 29th. Evercore ISI lifted their price target on DICK’S Sporting Goods from $240.00 to $280.00 and gave the company an outperform rating in a research report on Thursday, May 30th. TD Cowen upped their price objective on DICK’S Sporting Goods from $224.00 to $266.00 and gave the stock a buy rating in a research report on Thursday, May 30th. Wedbush reaffirmed a neutral rating and set a $230.00 target price on shares of DICK’S Sporting Goods in a report on Wednesday, June 5th. Finally, Truist Financial boosted their target price on shares of DICK’S Sporting Goods from $243.00 to $256.00 and gave the company a buy rating in a research note on Thursday, May 30th. Eleven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, DICK’S Sporting Goods currently has a consensus rating of Moderate Buy and an average target price of $236.18.

DICK’S Sporting Goods Stock Up 3.3 %

Shares of NYSE DKS traded up $6.55 during mid-day trading on Tuesday, reaching $207.13. 749,714 shares of the company were exchanged, compared to its average volume of 1,136,143. DICK’S Sporting Goods has a 1 year low of $100.98 and a 1 year high of $234.47. The firm has a 50-day moving average of $212.40 and a 200 day moving average of $198.23. The stock has a market cap of $16.88 billion, a price-to-earnings ratio of 17.15, a P/E/G ratio of 2.26 and a beta of 1.65. The company has a quick ratio of 0.65, a current ratio of 1.71 and a debt-to-equity ratio of 0.55.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Wednesday, May 29th. The sporting goods retailer reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $2.94 by $0.36. DICK’S Sporting Goods had a net margin of 7.73% and a return on equity of 41.80%. The business had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the previous year, the company posted $3.40 earnings per share. The firm’s revenue was up 6.2% on a year-over-year basis. On average, research analysts expect that DICK’S Sporting Goods will post 13.76 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $4.40 dividend on an annualized basis and a yield of 2.12%. DICK’S Sporting Goods’s payout ratio is presently 36.42%.

Insider Activity at DICK’S Sporting Goods

In related news, Director Desiree Ralls-Morrison sold 3,489 shares of the stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $206.65, for a total value of $721,001.85. Following the completion of the sale, the director now owns 5,609 shares of the company’s stock, valued at $1,159,099.85. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other DICK’S Sporting Goods news, EVP Julie Lodge-Jarrett sold 4,910 shares of DICK’S Sporting Goods stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $222.02, for a total transaction of $1,090,118.20. Following the transaction, the executive vice president now directly owns 16,504 shares of the company’s stock, valued at $3,664,218.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Desiree Ralls-Morrison sold 3,489 shares of the stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $206.65, for a total transaction of $721,001.85. Following the completion of the sale, the director now directly owns 5,609 shares of the company’s stock, valued at approximately $1,159,099.85. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,400 shares of company stock valued at $1,811,336. Corporate insiders own 32.03% of the company’s stock.

Institutional Trading of DICK’S Sporting Goods

Several institutional investors have recently made changes to their positions in DKS. Vanguard Group Inc. raised its position in DICK’S Sporting Goods by 3.2% in the first quarter. Vanguard Group Inc. now owns 5,380,645 shares of the sporting goods retailer’s stock valued at $1,209,892,000 after purchasing an additional 166,687 shares during the period. Victory Capital Management Inc. raised its holdings in DICK’S Sporting Goods by 4.2% in the 4th quarter. Victory Capital Management Inc. now owns 2,334,018 shares of the sporting goods retailer’s stock valued at $342,984,000 after buying an additional 94,745 shares during the period. Renaissance Technologies LLC lifted its position in DICK’S Sporting Goods by 51.4% in the second quarter. Renaissance Technologies LLC now owns 1,106,341 shares of the sporting goods retailer’s stock valued at $237,697,000 after buying an additional 375,600 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in DICK’S Sporting Goods by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 807,203 shares of the sporting goods retailer’s stock worth $118,621,000 after buying an additional 10,091 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of DICK’S Sporting Goods by 1.6% during the second quarter. Bank of New York Mellon Corp now owns 764,912 shares of the sporting goods retailer’s stock valued at $164,341,000 after acquiring an additional 11,792 shares during the last quarter. Hedge funds and other 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.