DICK’S Sporting Goods (NYSE:DKS) Price Target Cut to $135.00 by Analysts at Loop Capital

DICK’S Sporting Goods (NYSE:DKSGet Rating) had its price target reduced by Loop Capital from $150.00 to $135.00 in a research report sent to investors on Wednesday morning, The Fly reports.

A number of other analysts also recently commented on DKS. Morgan Stanley boosted their target price on DICK’S Sporting Goods from $165.00 to $175.00 and gave the stock an overweight rating in a research report on Wednesday, March 8th. DA Davidson boosted their price target on DICK’S Sporting Goods from $145.00 to $178.00 and gave the stock a buy rating in a report on Wednesday, March 8th. Jefferies Financial Group assumed coverage on DICK’S Sporting Goods in a report on Tuesday, March 14th. They issued a hold rating and a $155.00 price target for the company. Gordon Haskett upped their target price on DICK’S Sporting Goods from $135.00 to $170.00 in a research note on Tuesday, March 7th. Finally, Robert W. Baird upped their target price on DICK’S Sporting Goods from $120.00 to $150.00 in a research note on Tuesday, March 7th. Ten analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, DICK’S Sporting Goods currently has a consensus rating of Moderate Buy and a consensus price target of $156.43.

DICK’S Sporting Goods Trading Down 0.6 %

Shares of DKS stock opened at $123.85 on Wednesday. The company has a current ratio of 1.88, a quick ratio of 0.81 and a debt-to-equity ratio of 0.61. DICK’S Sporting Goods has a twelve month low of $63.45 and a twelve month high of $152.61. The company has a market capitalization of $10.60 billion, a P/E ratio of 11.50, a price-to-earnings-growth ratio of 1.73 and a beta of 1.44. The business’s 50 day moving average is $139.88 and its two-hundred day moving average is $129.22.

DICK’S Sporting Goods (NYSE:DKSGet Rating) last posted its quarterly earnings results on Tuesday, May 23rd. The sporting goods retailer reported $3.40 earnings per share for the quarter, beating analysts’ consensus estimates of $3.22 by $0.18. DICK’S Sporting Goods had a return on equity of 45.97% and a net margin of 8.43%. The firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same period in the previous year, the business earned $2.85 earnings per share. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. Equities analysts forecast that DICK’S Sporting Goods will post 13.45 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 16th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend is Thursday, June 15th. DICK’S Sporting Goods’s payout ratio is 37.14%.

Insider Transactions at DICK’S Sporting Goods

In other news, Director Anne Fink sold 3,174 shares of the stock in a transaction that occurred on Thursday, April 6th. The stock was sold at an average price of $139.08, for a total transaction of $441,439.92. Following the sale, the director now directly owns 14,481 shares in the company, valued at approximately $2,014,017.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Chairman Edward W. Stack sold 159,461 shares of DICK’S Sporting Goods stock in a transaction on Monday, March 13th. The stock was sold at an average price of $144.38, for a total transaction of $23,022,979.18. Following the transaction, the chairman now directly owns 10,953,633 shares in the company, valued at approximately $1,581,485,532.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Anne Fink sold 3,174 shares of DICK’S Sporting Goods stock in a transaction on Thursday, April 6th. The shares were sold at an average price of $139.08, for a total value of $441,439.92. Following the transaction, the director now owns 14,481 shares in the company, valued at $2,014,017.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 285,382 shares of company stock worth $41,042,070. 30.79% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On DICK’S Sporting Goods

Hedge funds have recently modified their holdings of the stock. Brown Brothers Harriman & Co. grew its holdings in shares of DICK’S Sporting Goods by 196.7% in the 1st quarter. Brown Brothers Harriman & Co. now owns 178 shares of the sporting goods retailer’s stock worth $25,000 after acquiring an additional 118 shares during the last quarter. Ridgewood Investments LLC purchased a new position in shares of DICK’S Sporting Goods during the first quarter valued at $28,000. Fortis Capital Advisors LLC purchased a new position in shares of DICK’S Sporting Goods during the first quarter valued at $28,000. Heritage Wealth Management LLC grew its holdings in shares of DICK’S Sporting Goods by 100.0% during the fourth quarter. Heritage Wealth Management LLC now owns 216 shares of the sporting goods retailer’s stock valued at $26,000 after buying an additional 108 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators grew its holdings in shares of DICK’S Sporting Goods by 60.0% during the first quarter. Deseret Mutual Benefit Administrators now owns 288 shares of the sporting goods retailer’s stock valued at $41,000 after buying an additional 108 shares in the last quarter. 75.08% of the stock is currently owned by institutional investors and hedge funds.

DICK’S Sporting Goods Company Profile

(Get Rating)

Dick’s Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.

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