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

Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) have been given a consensus rating of “Moderate Buy” by the twenty-two analysts that are currently covering the stock, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $237.09.

A number of equities research analysts have recently weighed in on the stock. UBS Group lifted their target price on shares of DICK’S Sporting Goods from $215.00 to $220.00 and gave the company a “neutral” rating in a research note on Thursday, May 30th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $245.00 target price on shares of DICK’S Sporting Goods in a research note on Wednesday, May 29th. Truist Financial lifted 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. DA Davidson lifted their target price on shares of DICK’S Sporting Goods from $250.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Finally, Morgan Stanley boosted their price objective on shares of DICK’S Sporting Goods from $235.00 to $245.00 and gave the stock an “overweight” rating in a research note on Thursday, May 30th.

Insider Buying and Selling

In related news, EVP Julie Lodge-Jarrett sold 4,910 shares of DICK’S Sporting Goods stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $222.02, for a total value of $1,090,118.20. Following the completion of the sale, the executive vice president now directly owns 16,504 shares in the company, valued at approximately $3,664,218.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 32.03% of the stock is owned by company insiders.

Institutional Trading of DICK’S Sporting Goods

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in DICK’S Sporting Goods by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 5,380,645 shares of the sporting goods retailer’s stock worth $1,209,892,000 after acquiring an additional 166,687 shares in the last quarter. Victory Capital Management Inc. increased its stake in DICK’S Sporting Goods by 4.2% during 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 purchasing an additional 94,745 shares during the period. Pacer Advisors Inc. increased its stake in DICK’S Sporting Goods by 4.5% during the fourth quarter. Pacer Advisors Inc. now owns 817,300 shares of the sporting goods retailer’s stock worth $120,102,000 after purchasing an additional 34,942 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of 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, AQR Capital Management LLC increased its stake in shares of DICK’S Sporting Goods by 145.0% during the third quarter. AQR Capital Management LLC now owns 789,482 shares of the sporting goods retailer’s stock worth $85,722,000 after buying an additional 467,243 shares during the period. 89.83% of the stock is currently owned by institutional investors and hedge funds.

DICK’S Sporting Goods Price Performance

DKS stock opened at $220.13 on Friday. The firm’s 50-day moving average price is $208.81 and its two-hundred day moving average price is $184.68. DICK’S Sporting Goods has a 12-month low of $100.98 and a 12-month high of $234.47. The stock has a market capitalization of $17.94 billion, a price-to-earnings ratio of 18.22, a PEG ratio of 2.65 and a beta of 1.62. The company has a current ratio of 1.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.55.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Wednesday, May 29th. The sporting goods retailer reported $3.30 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the previous year, the company earned $3.40 earnings per share. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, equities analysts predict that DICK’S Sporting Goods will post 13.76 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Friday, June 14th. DICK’S Sporting Goods’s dividend payout ratio is currently 36.42%.

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.