DICK’S Sporting Goods, Inc. (NYSE:DKS) Receives $246.10 Consensus PT from Brokerages

Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) have earned an average rating of “Moderate Buy” from the twenty-one analysts that are currently covering the stock, Marketbeat.com reports. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $246.10.

A number of equities research analysts have recently issued reports on DKS shares. UBS Group raised shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and increased their price target for the stock from $225.00 to $260.00 in a report on Wednesday, November 27th. Loop Capital raised their price target on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a report on Wednesday, November 27th. TD Cowen upped their price target on shares of DICK’S Sporting Goods from $270.00 to $294.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Wedbush reissued a “neutral” rating and set a $215.00 price objective (down previously from $250.00) on shares of DICK’S Sporting Goods in a research note on Wednesday, November 27th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $260.00 target price on shares of DICK’S Sporting Goods in a research note on Tuesday, November 26th.

Insider Buying and Selling at DICK’S Sporting Goods

In other news, Chairman Edward W. Stack sold 160,600 shares of the company’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 transaction, the chairman now directly 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Lawrence J. Schorr sold 7,333 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at $11,808,355.35. This trade represents a 12.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 32.03% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On DICK’S Sporting Goods

A number of large investors have recently modified their holdings of DKS. Whalen Wealth Management Inc. bought a new position in DICK’S Sporting Goods in the fourth quarter worth about $271,000. Wendell David Associates Inc. boosted its position in DICK’S Sporting Goods by 63.1% during the 4th quarter. Wendell David Associates Inc. now owns 7,833 shares of the sporting goods retailer’s stock valued at $1,793,000 after acquiring an additional 3,030 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of DICK’S Sporting Goods by 8.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 18,330 shares of the sporting goods retailer’s stock worth $4,195,000 after acquiring an additional 1,353 shares during the period. Beaumont Financial Advisors LLC raised its position in shares of DICK’S Sporting Goods by 2.0% in the 4th quarter. Beaumont Financial Advisors LLC now owns 56,637 shares of the sporting goods retailer’s stock worth $12,961,000 after acquiring an additional 1,130 shares in the last quarter. Finally, Capricorn Fund Managers Ltd purchased a new position in shares of DICK’S Sporting Goods in the 4th quarter valued at approximately $3,942,000. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Up 0.4 %

DKS opened at $228.09 on Tuesday. DICK’S Sporting Goods has a 12 month low of $141.02 and a 12 month high of $239.30. The company has a market cap of $18.58 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 2.62 and a beta of 1.58. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. The company has a 50 day moving average of $218.26 and a 200 day moving average of $213.83.

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, beating the consensus estimate of $2.68 by $0.07. The company had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.03 billion. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.85 earnings per share. On average, sell-side analysts expect that DICK’S Sporting Goods will post 13.88 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.93%. 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, 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.