DICK’S Sporting Goods (NYSE:DKS) Coverage Initiated by Analysts at Jefferies Financial Group

Jefferies Financial Group initiated coverage on shares of DICK’S Sporting Goods (NYSE:DKS – Get Rating) in a research report sent to investors on Tuesday, The Fly reports. The firm issued a hold rating and a $155.00 price objective on the sporting goods retailer’s stock.

DKS has been the topic of several other research reports. Argus raised their price objective on DICK’S Sporting Goods from $130.00 to $140.00 in a research note on Tuesday, December 6th. Stephens lifted their price target on DICK’S Sporting Goods to $121.00 in a research note on Friday, November 25th. Oppenheimer lifted their target price on DICK’S Sporting Goods from $138.00 to $175.00 and gave the company an outperform rating in a research report on Wednesday, March 8th. Morgan Stanley lifted their target price on DICK’S Sporting Goods from $165.00 to $175.00 and gave the company an overweight rating in a research report on Wednesday, March 8th. Finally, DA Davidson upped their price objective on DICK’S Sporting Goods from $145.00 to $178.00 and gave the company a buy rating in a research note on Wednesday, March 8th. Ten analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $155.30.

DICK’S Sporting Goods Trading Up 2.6 %

Shares of DKS stock opened at $148.92 on Tuesday. DICK’S Sporting Goods has a 12-month low of $63.45 and a 12-month high of $152.61. The company has a market capitalization of $11.79 billion, a P/E ratio of 13.86, a P/E/G ratio of 2.01 and a beta of 1.41. The firm has a 50-day moving average price of $130.60 and a 200 day moving average price of $118.61. The company has a quick ratio of 0.81, a current ratio of 1.88 and a debt-to-equity ratio of 0.61.

DICK’S Sporting Goods (NYSE:DKS – Get Rating) last announced its quarterly earnings data 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 firm had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.45 billion. DICK’S Sporting Goods had a return on equity of 45.97% and a net margin of 8.43%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the company earned $3.64 EPS. Research analysts forecast that DICK’S Sporting Goods will post 13.38 earnings per share for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 17th will be issued a dividend of $1.00 per share. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $0.49. This represents a $4.00 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend is Thursday, March 16th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 18.11%.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, EVP Vladimir Rak sold 29,144 shares of the stock in a transaction dated Wednesday, December 21st. The stock was sold at an average price of $112.43, for a total transaction of $3,276,659.92. Following the completion of the sale, 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 document filed with the SEC, which is accessible through this hyperlink. Company insiders own 32.83% of the company’s stock.

Institutional Trading of DICK’S Sporting Goods

A number of large investors have recently bought and sold shares of DKS. Balyasny Asset Management LLC grew its stake in shares of DICK’S Sporting Goods by 6,908.1% in the 3rd quarter. Balyasny Asset Management LLC now owns 1,244,493 shares of the sporting goods retailer’s stock valued at $130,224,000 after buying an additional 1,226,735 shares during the period. Renaissance Technologies LLC grew its stake in shares of DICK’S Sporting Goods by 1,226.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,209,479 shares of the sporting goods retailer’s stock valued at $91,158,000 after buying an additional 1,118,279 shares during the period. Samlyn Capital LLC grew its stake in shares of DICK’S Sporting Goods by 179.0% in the 3rd quarter. Samlyn Capital LLC now owns 1,179,258 shares of the sporting goods retailer’s stock valued at $123,397,000 after buying an additional 756,539 shares during the period. CIBC Private Wealth Group LLC grew its stake in shares of DICK’S Sporting Goods by 116.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,174,456 shares of the sporting goods retailer’s stock valued at $141,275,000 after buying an additional 632,420 shares during the period. Finally, AQR Capital Management LLC grew its stake in shares of DICK’S Sporting Goods by 155.1% in the 2nd quarter. AQR Capital Management LLC now owns 636,689 shares of the sporting goods retailer’s stock valued at $47,446,000 after buying an additional 387,139 shares during the period. 75.08% of the stock is currently owned by institutional investors and hedge funds.

About DICK’S Sporting Goods

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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.