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

Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) have received an average rating of “Moderate Buy” from the twenty-one brokerages that are covering the stock, MarketBeat.com reports. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $244.95.

DKS has been the subject of several research reports. Evercore ISI reiterated an “outperform” rating and set a $280.00 price target on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Loop Capital boosted their target price on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “hold” rating in a research report on Wednesday, November 27th. Telsey Advisory Group restated an “outperform” rating and set a $260.00 price target on shares of DICK’S Sporting Goods in a report on Tuesday, November 26th. Barclays upped their price objective on shares of DICK’S Sporting Goods from $247.00 to $254.00 and gave the stock an “overweight” rating in a report on Thursday, September 5th. Finally, Citigroup cut their target price on DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DKS. Brooklyn Investment Group acquired a new stake in DICK’S Sporting Goods during the third quarter worth about $27,000. ICA Group Wealth Management LLC acquired a new stake in shares of DICK’S Sporting Goods during the 2nd quarter worth approximately $28,000. ORG Wealth Partners LLC bought a new stake in shares of DICK’S Sporting Goods during the third quarter valued at approximately $30,000. Innealta Capital LLC acquired a new position in shares of DICK’S Sporting Goods in the second quarter valued at $31,000. Finally, True Wealth Design LLC lifted its position in DICK’S Sporting Goods by 2,900.0% in the third quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer’s stock worth $31,000 after purchasing an additional 145 shares during the period. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Up 1.2 %

DKS stock opened at $217.59 on Friday. The company has a 50 day moving average of $207.76 and a two-hundred day moving average of $212.43. The company has a market cap of $17.73 billion, a price-to-earnings ratio of 15.55, a PEG ratio of 2.52 and a beta of 1.61. DICK’S Sporting Goods has a 12-month low of $137.06 and a 12-month high of $239.30. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.07. The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.03 billion. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. DICK’S Sporting Goods’s quarterly revenue was up .5% compared to the same quarter last year. During the same period last year, the company earned $2.85 earnings per share. On average, equities analysts anticipate that DICK’S Sporting Goods will post 13.88 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 31.45%.

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.