DICK’S Sporting Goods (DKS) – Analysts’ Weekly Ratings Changes

DICK’S Sporting Goods (NYSE: DKS) recently received a number of ratings updates from brokerages and research firms:

• 3/14/2023 – DICK’S Sporting Goods is now covered by analysts at Jefferies Financial Group Inc.. They set a “hold” rating and a $155.00 price target on the stock.
• 3/9/2023 – DICK’S Sporting Goods had its price target raised by analysts at Loop Capital from $130.00 to $150.00. They now have a “hold” rating on the stock.
• 3/8/2023 – DICK’S Sporting Goods had its price target raised by analysts at Barclays PLC from $139.00 to $174.00. They now have an “overweight” rating on the stock.
• 3/8/2023 – DICK’S Sporting Goods had its price target raised by analysts at Morgan Stanley from $165.00 to $175.00. They now have an “overweight” rating on the stock.
• 3/8/2023 – DICK’S Sporting Goods had its price target raised by analysts at TD Cowen from $166.00 to $175.00. They now have an “outperform” rating on the stock.
• 3/8/2023 – DICK’S Sporting Goods had its price target raised by analysts at Evercore ISI from $160.00 to $200.00. They now have an “outperform” rating on the stock.
• 3/8/2023 – DICK’S Sporting Goods had its price target raised by analysts at Wedbush from $140.00 to $155.00. They now have an “outperform” rating on the stock.
• 3/8/2023 – DICK’S Sporting Goods had its price target raised by analysts at Oppenheimer Holdings Inc. from $138.00 to $175.00. They now have an “outperform” rating on the stock.
• 3/8/2023 – DICK’S Sporting Goods had its price target raised by analysts at JPMorgan Chase & Co. from $125.00 to $148.00. They now have a “neutral” rating on the stock.
• 3/8/2023 – DICK’S Sporting Goods had its price target raised by analysts at Citigroup Inc. from $140.00 to $144.00. They now have a “neutral” rating on the stock.
• 3/8/2023 – DICK’S Sporting Goods had its price target raised by analysts at Stifel Nicolaus from $112.00 to $157.00. They now have a “hold” rating on the stock.
• 3/8/2023 – DICK’S Sporting Goods had its price target raised by analysts at DA Davidson from $145.00 to $178.00. They now have a “buy” rating on the stock.
• 3/8/2023 – DICK’S Sporting Goods had its price target raised by analysts at Bank of America Co. from $145.00 to $170.00. They now have a “buy” rating on the stock.
• 3/7/2023 – DICK’S Sporting Goods had its price target raised by analysts at Robert W. Baird from $120.00 to $150.00.
• 3/7/2023 – DICK’S Sporting Goods had its price target raised by analysts at Gordon Haskett from $135.00 to $170.00.
• 3/3/2023 – DICK’S Sporting Goods had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $135.00 price target on the stock.
• 2/28/2023 – DICK’S Sporting Goods was downgraded by analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating. They now have a $140.00 price target on the stock, down previously from $143.00.
• 2/15/2023 – DICK’S Sporting Goods is now covered by analysts at Loop Capital. They set a “hold” rating and a $130.00 price target on the stock.
• 2/13/2023 – DICK’S Sporting Goods was downgraded by analysts at Williams Trading from a “buy” rating to a “hold” rating.
• 2/6/2023 – DICK’S Sporting Goods had its price target raised by analysts at Cowen Inc from $155.00 to $166.00.

DICK’S Sporting Goods Stock Performance

Shares of DKS stock opened at $148.92 on Wednesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.88 and a quick ratio of 0.81. The stock has a market cap of $11.79 billion, a PE ratio of 13.83, a price-to-earnings-growth ratio of 2.01 and a beta of 1.41. The stock has a 50-day moving average of $130.60 and a 200-day moving average of $118.61. DICK’S Sporting Goods, Inc. has a one year low of $63.45 and a one year high of $152.61.

DICK’S Sporting Goods (NYSE:DKS – Get Rating) last announced its quarterly earnings results on Tuesday, March 7th. The sporting goods retailer reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.86 by $0.07. The company had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.45 billion. DICK’S Sporting Goods had a return on equity of 45.97% and a net margin of 8.43%. DICK’S Sporting Goods’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the business posted $3.64 EPS. As a group, sell-side analysts expect that DICK’S Sporting Goods, Inc. will post 13.38 earnings per share for the current year.

DICK’S Sporting Goods Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 17th will be given a $1.00 dividend. The ex-dividend date of this dividend is Thursday, March 16th. This is a positive change from DICK’S Sporting Goods’s previous quarterly dividend of $0.49. This represents a $4.00 annualized dividend and a dividend yield of 2.69%. DICK’S Sporting Goods’s payout ratio is currently 18.11%.

Insider Activity at DICK’S Sporting Goods

In related news, EVP Vladimir Rak sold 29,144 shares of the business’s stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of $112.43, for a total value of $3,276,659.92. Following the completion of the transaction, the executive vice president now directly owns 48,260 shares in the company, valued at approximately $5,425,871.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 32.83% of the stock is owned by insiders.

Hedge Funds Weigh In On DICK’S Sporting Goods

Several institutional investors and hedge funds have recently modified their holdings of DKS. CWM LLC boosted its position in DICK’S Sporting Goods by 1.8% during the 4th quarter. CWM LLC now owns 4,506 shares of the sporting goods retailer’s stock worth $542,000 after acquiring an additional 81 shares during the last quarter. Symmetry Partners LLC boosted its position in DICK’S Sporting Goods by 1.1% during the 3rd quarter. Symmetry Partners LLC now owns 8,648 shares of the sporting goods retailer’s stock worth $905,000 after acquiring an additional 92 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA boosted its position in DICK’S Sporting Goods by 0.4% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 23,723 shares of the sporting goods retailer’s stock worth $2,854,000 after acquiring an additional 94 shares during the last quarter. Cetera Advisors LLC boosted its position in DICK’S Sporting Goods by 3.2% during the 4th quarter. Cetera Advisors LLC now owns 3,197 shares of the sporting goods retailer’s stock worth $385,000 after acquiring an additional 99 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its position in DICK’S Sporting Goods by 10.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,038 shares of the sporting goods retailer’s stock worth $125,000 after acquiring an additional 100 shares during the last quarter. 75.08% of the stock is currently owned by institutional investors and hedge funds.

Dick’s Sporting Goods, Inc engages in the retail of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories through a blend of associates, in-store services, and unique specialty shop-in-shops. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.