DICK’S Sporting Goods, Inc. (NYSE:DKS) Given Consensus Rating of “Moderate Buy” by Brokerages

DICK’S Sporting Goods, Inc. (NYSE:DKS) has been given an average recommendation of “Moderate Buy” by the twenty-one ratings firms that are presently covering the company, Marketbeat reports. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $244.62.

A number of brokerages have weighed in on DKS. Wedbush reaffirmed a “neutral” rating and issued a $250.00 price objective on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Barclays raised their price target on shares of DICK’S Sporting Goods from $247.00 to $254.00 and gave the stock an “overweight” rating in a research note on Thursday, September 5th. Telsey Advisory Group lifted their price objective on DICK’S Sporting Goods from $255.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. JPMorgan Chase & Co. lifted their target price on DICK’S Sporting Goods from $211.00 to $215.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Finally, Robert W. Baird restated a “neutral” rating and set a $235.00 target price on shares of DICK’S Sporting Goods in a report on Wednesday, August 28th.

Hedge Funds Weigh In On DICK’S Sporting Goods

Large investors have recently bought and sold shares of the business. UniSuper Management Pty Ltd lifted its holdings in shares of DICK’S Sporting Goods by 100.0% in the 1st quarter. UniSuper Management Pty Ltd now owns 800 shares of the sporting goods retailer’s stock valued at $180,000 after buying an additional 400 shares during the period. Bessemer Group Inc. increased its position in shares of DICK’S Sporting Goods by 1,946.5% during the 1st quarter. Bessemer Group Inc. now owns 880 shares of the sporting goods retailer’s stock worth $198,000 after purchasing an additional 837 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of DICK’S Sporting Goods by 2.3% in the 1st quarter. Janus Henderson Group PLC now owns 6,948 shares of the sporting goods retailer’s stock valued at $1,562,000 after acquiring an additional 153 shares during the period. LBP AM SA acquired a new position in DICK’S Sporting Goods during the first quarter worth $1,405,000. Finally, iA Global Asset Management Inc. acquired a new position in DICK’S Sporting Goods during the 1st quarter worth about $586,000. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Price Performance

Shares of NYSE DKS opened at $210.16 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 0.69. The company has a market cap of $17.11 billion, a price-to-earnings ratio of 15.42, a price-to-earnings-growth ratio of 2.29 and a beta of 1.64. The stock’s 50-day moving average is $205.72 and its two-hundred day moving average is $210.41. DICK’S Sporting Goods has a 1-year low of $119.84 and a 1-year high of $239.30.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Wednesday, September 4th. The sporting goods retailer reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $3.77 by $0.60. The business had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.44 billion. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.82 EPS. Analysts forecast that DICK’S Sporting Goods will post 13.91 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 2.09%. The ex-dividend date was Friday, September 20th. DICK’S Sporting Goods’s dividend payout ratio is 32.28%.

About DICK’S Sporting Goods

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.