Brokerages Set DICK’S Sporting Goods, Inc. (NYSE:DKS) Price Target at $244.62

Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) have been assigned an average recommendation of “Moderate Buy” from the twenty-one ratings firms that are presently covering the stock, MarketBeat reports. Nine research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $244.62.

DKS has been the topic of several analyst reports. Evercore ISI reaffirmed an “outperform” rating and set a $280.00 price target on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Wedbush reiterated a “neutral” rating and issued a $250.00 target price on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Bank of America lifted their price objective on shares of DICK’S Sporting Goods from $240.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, September 5th. Truist Financial increased their target price on shares of DICK’S Sporting Goods from $243.00 to $256.00 and gave the stock a “buy” rating in a research note on Thursday, May 30th. Finally, Barclays upped their price target on DICK’S Sporting Goods from $247.00 to $254.00 and gave the stock an “overweight” rating in a report on Thursday, September 5th.

DICK’S Sporting Goods Trading Up 3.0 %

NYSE:DKS opened at $217.00 on Wednesday. The company has a market capitalization of $17.68 billion, a P/E ratio of 17.96, a PEG ratio of 2.39 and a beta of 1.64. The company has a current ratio of 1.77, a quick ratio of 0.69 and a debt-to-equity ratio of 0.51. DICK’S Sporting Goods has a 12 month low of $100.98 and a 12 month high of $239.30. The firm has a fifty day simple moving average of $215.24 and a 200-day simple moving average of $209.09.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share for the quarter, beating the consensus estimate of $3.77 by $0.60. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The business had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.44 billion. During the same quarter in the previous year, the business earned $2.82 EPS. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, equities research analysts anticipate that DICK’S Sporting Goods will post 13.89 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 20th will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Thursday, September 19th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 36.42%.

Insiders Place Their Bets

In other news, Director Desiree Ralls-Morrison sold 3,489 shares of the business’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $206.65, for a total transaction of $721,001.85. Following the transaction, the director now owns 5,609 shares of the company’s stock, valued at approximately $1,159,099.85. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 32.03% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in DICK’S Sporting Goods by 3.2% during the first 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 during the last quarter. Renaissance Technologies LLC grew its holdings in shares of DICK’S Sporting Goods by 51.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,106,341 shares of the sporting goods retailer’s stock worth $237,697,000 after purchasing an additional 375,600 shares during the period. Dimensional Fund Advisors LP increased its position in shares of DICK’S Sporting Goods by 1.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 807,203 shares of the sporting goods retailer’s stock worth $118,621,000 after purchasing an additional 10,091 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in DICK’S Sporting Goods by 1.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 764,912 shares of the sporting goods retailer’s stock valued at $164,341,000 after buying an additional 11,792 shares during the period. Finally, Norges Bank acquired a new position in DICK’S Sporting Goods in the fourth quarter valued at about $108,908,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

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.