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

by · The Cerbat Gem

DICK’S Sporting Goods, Inc. (NYSE:DKS – Get Free Report) has earned an average recommendation of “Moderate Buy” from the twenty-one analysts that are covering the stock, MarketBeat.com reports. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $240.57.

Several brokerages have recently weighed in on DKS. Wells Fargo & Company lowered their target price on DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating on the stock in a report on Monday, August 12th. Wedbush restated a “neutral” rating and set a $230.00 target price on shares of DICK’S Sporting Goods in a report on Wednesday, June 5th. Telsey Advisory Group restated an “outperform” rating and set a $245.00 target price on shares of DICK’S Sporting Goods in a report on Wednesday, May 29th. Morgan Stanley boosted their target price on DICK’S Sporting Goods from $235.00 to $245.00 and gave the stock an “overweight” rating in a report on Thursday, May 30th. Finally, JPMorgan Chase & Co. boosted their target price on DICK’S Sporting Goods from $197.00 to $211.00 and gave the stock a “neutral” rating in a report on Thursday, May 30th.

Read Our Latest Report on DICK’S Sporting Goods

DICK’S Sporting Goods Stock Up 1.7 %

Shares of NYSE DKS opened at $239.19 on Friday. The firm has a market cap of $19.49 billion, a price-to-earnings ratio of 19.80, a price-to-earnings-growth ratio of 2.26 and a beta of 1.65. The company’s 50-day simple moving average is $213.11 and its 200-day simple moving average is $202.64. The company has a quick ratio of 0.65, a current ratio of 1.71 and a debt-to-equity ratio of 0.55. DICK’S Sporting Goods has a 52-week low of $100.98 and a 52-week high of $239.30.

DICK’S Sporting Goods (NYSE:DKS – Get Free Report) last posted its quarterly earnings data on Wednesday, May 29th. The sporting goods retailer reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.94 by $0.36. DICK’S Sporting Goods had a return on equity of 41.80% and a net margin of 7.73%. The company had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the previous year, the firm posted $3.40 EPS. DICK’S Sporting Goods’s revenue was up 6.2% compared to the same quarter last year. Equities analysts predict that DICK’S Sporting Goods will post 13.76 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend was Friday, June 14th. DICK’S Sporting Goods’s dividend payout ratio is currently 36.42%.

Insider Transactions at DICK’S Sporting Goods

In other news, EVP Julie Lodge-Jarrett sold 4,910 shares of the company’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $222.02, for a total transaction of $1,090,118.20. Following the sale, the executive vice president now owns 16,504 shares of the company’s stock, valued at $3,664,218.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Desiree Ralls-Morrison sold 3,489 shares of the company’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $206.65, for a total transaction of $721,001.85. Following the sale, the director now owns 5,609 shares of the company’s stock, valued at $1,159,099.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Julie Lodge-Jarrett sold 4,910 shares of the company’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $222.02, for a total value of $1,090,118.20. Following the sale, the executive vice president now directly owns 16,504 shares in the company, valued at approximately $3,664,218.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,400 shares of company stock valued at $1,811,336. 32.03% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On DICK’S Sporting Goods

A number of institutional investors and hedge funds have recently modified their holdings of the company. Cetera Investment Advisers grew its stake in shares of DICK’S Sporting Goods by 54.6% during the second quarter. Cetera Investment Advisers now owns 11,672 shares of the sporting goods retailer’s stock worth $2,508,000 after purchasing an additional 4,124 shares in the last quarter. Truist Financial Corp grew its stake in shares of DICK’S Sporting Goods by 1.1% during the second quarter. Truist Financial Corp now owns 18,055 shares of the sporting goods retailer’s stock worth $3,879,000 after purchasing an additional 198 shares in the last quarter. Creative Planning grew its stake in shares of DICK’S Sporting Goods by 2.6% during the second quarter. Creative Planning now owns 16,775 shares of the sporting goods retailer’s stock worth $3,604,000 after purchasing an additional 425 shares in the last quarter. Scientech Research LLC grew its stake in shares of DICK’S Sporting Goods by 525.2% during the second quarter. Scientech Research LLC now owns 14,579 shares of the sporting goods retailer’s stock worth $3,132,000 after purchasing an additional 12,247 shares in the last quarter. Finally, Lighthouse Investment Partners LLC acquired a new position in shares of DICK’S Sporting Goods during the second quarter worth $520,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

DICK’S Sporting Goods Company Profile

(Get Free Report

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.

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