Gordon Haskett Boosts DICK’S Sporting Goods (NYSE:DKS) Price Target to $260.00

DICK’S Sporting Goods (NYSE:DKS) had its price target boosted by Gordon Haskett from $190.00 to $260.00 in a research report report published on Monday, MarketBeat.com reports. They currently have a buy rating on the sporting goods retailer’s stock.

DKS has been the topic of a number of other reports. TD Cowen boosted their target price on DICK’S Sporting Goods from $177.00 to $226.00 and gave the stock an outperform rating in a research report on Thursday, March 14th. Wedbush boosted their price target on DICK’S Sporting Goods from $160.00 to $210.00 and gave the stock a neutral rating in a report on Friday, March 15th. Stifel Nicolaus boosted their price target on DICK’S Sporting Goods from $126.00 to $215.00 and gave the stock a hold rating in a report on Friday, March 15th. Evercore ISI boosted their price target on DICK’S Sporting Goods from $200.00 to $240.00 and gave the stock an outperform rating in a report on Friday, March 15th. Finally, Truist Financial boosted their price target on DICK’S Sporting Goods from $201.00 to $243.00 and gave the stock a buy rating in a report on Friday, March 15th. Eleven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $208.52.

DICK’S Sporting Goods Stock Down 0.2 %

DKS opened at $206.39 on Monday. The business’s fifty day moving average is $189.00 and its two-hundred day moving average is $148.58. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.74 and a current ratio of 1.78. The company has a market cap of $17.02 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 2.49 and a beta of 1.58. DICK’S Sporting Goods has a one year low of $100.98 and a one year high of $225.79.

DICK’S Sporting Goods (NYSE:DKS) last posted its earnings results on Thursday, March 14th. The sporting goods retailer reported $3.85 EPS for the quarter, topping analysts’ consensus estimates of $3.35 by $0.50. The company had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $3.79 billion. DICK’S Sporting Goods had a return on equity of 42.99% and a net margin of 8.06%. DICK’S Sporting Goods’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.93 earnings per share. Analysts anticipate that DICK’S Sporting Goods will post 13.41 EPS for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Friday, March 29th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This is a positive change from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. This represents a $4.40 annualized dividend and a yield of 2.13%. DICK’S Sporting Goods’s dividend payout ratio is currently 36.12%.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, Chairman Edward W. Stack sold 151,210 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $220.93, for a total transaction of $33,406,825.30. Following the completion of the sale, the chairman now directly owns 10,899,110 shares in the company, valued at $2,407,940,372.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder William Colombo Trustee U/A Dt bought 40,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was bought at an average price of $213.93 per share, with a total value of $8,557,200.00. Following the completion of the transaction, the insider now directly owns 8,818,615 shares of the company’s stock, valued at $1,886,566,306.95. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Edward W. Stack sold 151,210 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $220.93, for a total value of $33,406,825.30. Following the completion of the sale, the chairman now directly owns 10,899,110 shares of the company’s stock, valued at approximately $2,407,940,372.30. The disclosure for this sale can be found here. Insiders sold 209,763 shares of company stock worth $46,483,438 over the last three months. 30.79% of the stock is owned by insiders.

Institutional Investors Weigh In On DICK’S Sporting Goods

Several institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. boosted its position in shares of DICK’S Sporting Goods by 12.1% in the first quarter. BlackRock Inc. now owns 5,983,808 shares of the sporting goods retailer’s stock worth $849,043,000 after buying an additional 644,609 shares during the period. Victory Capital Management Inc. boosted its position in shares of DICK’S Sporting Goods by 4.2% in the fourth quarter. Victory Capital Management Inc. now owns 2,334,018 shares of the sporting goods retailer’s stock worth $342,984,000 after buying an additional 94,745 shares during the period. State Street Corp boosted its position in shares of DICK’S Sporting Goods by 17.1% in the second quarter. State Street Corp now owns 1,981,489 shares of the sporting goods retailer’s stock worth $261,933,000 after buying an additional 289,165 shares during the period. Morgan Stanley boosted its position in shares of DICK’S Sporting Goods by 25.8% in the third quarter. Morgan Stanley now owns 1,399,734 shares of the sporting goods retailer’s stock worth $151,983,000 after buying an additional 286,988 shares during the period. Finally, Holocene Advisors LP boosted its holdings in DICK’S Sporting Goods by 29.4% in the second quarter. Holocene Advisors LP now owns 1,300,990 shares of the sporting goods retailer’s stock valued at $171,978,000 after purchasing an additional 295,239 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

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.