DICK’S Sporting Goods, Inc. (NYSE:DKS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

DICK’S Sporting Goods, Inc. (NYSE:DKS) has earned a consensus recommendation of “Moderate Buy” from the twenty-two research firms that are currently covering the company, MarketBeat.com reports. Eleven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $208.64.

A number of research analysts have weighed in on DKS shares. Williams Trading upgraded shares of DICK’S Sporting Goods from a “hold” rating to a “buy” rating and upped their price objective for the stock from $154.00 to $235.00 in a research report on Thursday, March 14th. Evercore ISI upped their price objective on shares of DICK’S Sporting Goods from $200.00 to $240.00 and gave the stock an “outperform” rating in a research report on Friday, March 15th. Loop Capital upped their price objective on shares of DICK’S Sporting Goods from $150.00 to $220.00 and gave the stock a “hold” rating in a research report on Monday, March 18th. Morgan Stanley upped their price objective on shares of DICK’S Sporting Goods from $160.00 to $235.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. Finally, Robert W. Baird upped their price objective on shares of DICK’S Sporting Goods from $145.00 to $185.00 and gave the stock a “neutral” rating in a research report on Thursday, March 14th.

Insider Activity

In other news, major shareholder William Colombo Trustee U/A Dt purchased 40,000 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was acquired at an average price of $213.93 per share, with a total value of $8,557,200.00. Following the purchase, the insider now directly owns 8,818,615 shares in the company, valued at approximately $1,886,566,306.95. The acquisition was disclosed in a document filed with the SEC, which is available at this link. In related news, SVP Elizabeth H. Baran sold 2,175 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now owns 11,051 shares of the company’s stock, valued at approximately $2,450,890.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder William Colombo Trustee U/A Dt acquired 40,000 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were bought at an average cost of $213.93 per share, with a total value of $8,557,200.00. Following the transaction, the insider now directly owns 8,818,615 shares in the company, 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 in the last 90 days. Company insiders own 30.79% of the company’s stock.

Institutional Investors Weigh In On DICK’S Sporting Goods

Hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC lifted its holdings in DICK’S Sporting Goods by 1,305.5% during the 4th quarter. SG Americas Securities LLC now owns 5,917 shares of the sporting goods retailer’s stock worth $870,000 after buying an additional 5,496 shares in the last quarter. First Hawaiian Bank acquired a new stake in DICK’S Sporting Goods during the 4th quarter worth approximately $695,000. Pacer Advisors Inc. raised its holdings in shares of DICK’S Sporting Goods by 4.5% in the 4th quarter. Pacer Advisors Inc. now owns 817,300 shares of the sporting goods retailer’s stock valued at $120,102,000 after purchasing an additional 34,942 shares in the last quarter. Amalgamated Bank raised its holdings in shares of DICK’S Sporting Goods by 20.2% in the 3rd quarter. Amalgamated Bank now owns 47,899 shares of the sporting goods retailer’s stock valued at $5,201,000 after purchasing an additional 8,061 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in shares of DICK’S Sporting Goods by 237.5% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 16,814 shares of the sporting goods retailer’s stock valued at $1,802,000 after purchasing an additional 11,832 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

DICK’S Sporting Goods Price Performance

Shares of DKS opened at $203.13 on Friday. DICK’S Sporting Goods has a 1-year low of $100.98 and a 1-year high of $225.79. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.78 and a quick ratio of 0.74. The firm has a market capitalization of $16.75 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 2.51 and a beta of 1.58. The company’s fifty day moving average price is $191.04 and its 200-day moving average price is $149.96.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Thursday, March 14th. The sporting goods retailer reported $3.85 EPS for the quarter, beating the consensus estimate of $3.35 by $0.50. DICK’S Sporting Goods had a net margin of 8.06% and a return on equity of 42.99%. The company had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same period in the prior year, the company earned $2.93 earnings per share. The firm’s revenue was up 7.8% on a year-over-year basis. On average, equities research analysts predict that DICK’S Sporting Goods will post 13.29 EPS for the current year.

DICK’S Sporting Goods Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were issued a $1.10 dividend. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. The ex-dividend date was Wednesday, March 27th. This represents a $4.40 dividend on an annualized basis and a yield of 2.17%. DICK’S Sporting Goods’s dividend payout ratio is presently 36.12%.

About DICK’S Sporting Goods

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