DICK’S Sporting Goods, Inc. (NYSE:DKS) Given Average Rating of “Moderate Buy” by Analysts

DICK’S Sporting Goods, Inc. (NYSE:DKS) has earned an average rating of “Moderate Buy” from the twenty-one research firms that are covering the stock, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $246.10.

Several brokerages have weighed in on DKS. Telsey Advisory Group restated an “outperform” rating and set a $260.00 price objective on shares of DICK’S Sporting Goods in a research note on Tuesday, November 26th. TD Cowen raised 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 research report on Wednesday, January 8th. UBS Group raised shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $225.00 to $260.00 in a research report on Wednesday, November 27th. Loop Capital lifted their target price on shares of 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, Truist Financial upped their target price on DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a report on Wednesday, November 27th.

DICK’S Sporting Goods Trading Up 0.4 %

NYSE:DKS opened at $228.09 on Tuesday. 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 has a one year low of $141.02 and a one year high of $239.30. The company has a market cap of $18.58 billion, a PE ratio of 16.30, a PEG ratio of 2.62 and a beta of 1.58. The firm has a 50-day moving average of $217.66 and a 200-day moving average of $213.54.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $0.07. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The firm had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.03 billion. During the same period in the previous year, the company posted $2.85 EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis. As a group, equities research analysts expect that DICK’S Sporting Goods will post 13.88 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were paid a $1.10 dividend. The ex-dividend date was Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a yield of 1.93%. DICK’S Sporting Goods’s dividend payout ratio is 31.45%.

Insiders Place Their Bets

In related news, Chairman Edward W. Stack sold 160,600 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $229.25, for a total transaction of $36,817,550.00. Following 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lawrence J. Schorr sold 7,333 shares of DICK’S Sporting Goods stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total value of $1,697,956.15. Following the transaction, the director now directly owns 50,997 shares of the company’s stock, valued at $11,808,355.35. The trade was a 12.57 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 32.03% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DKS. ICA Group Wealth Management LLC purchased a new stake in shares of DICK’S Sporting Goods in the 2nd quarter valued at about $28,000. Brooklyn Investment Group purchased a new stake in DICK’S Sporting Goods in the third quarter valued at approximately $27,000. ORG Wealth Partners LLC bought a new stake in DICK’S Sporting Goods during the third quarter valued at approximately $30,000. True Wealth Design LLC grew its stake in DICK’S Sporting Goods by 2,900.0% in the 3rd quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer’s stock worth $31,000 after buying an additional 145 shares in the last quarter. Finally, Richardson Financial Services Inc. bought a new position in shares of DICK’S Sporting Goods in the 2nd quarter worth $34,000. 89.83% of the stock is owned by institutional investors.

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.