DICK’S Sporting Goods, Inc. (NYSE:DKS) Receives $201.20 Consensus Price Target from Brokerages

Shares of DICK’S Sporting Goods, Inc. (NYSE:DKSGet Free Report) have been given a consensus rating of “Moderate Buy” by the twenty analysts that are covering the stock, Marketbeat reports. Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $205.95.

Several research firms have weighed in on DKS. Loop Capital upped their price objective on shares of DICK’S Sporting Goods from $150.00 to $220.00 and gave the company a “hold” rating in a research note on Monday, March 18th. Williams Trading upgraded shares of DICK’S Sporting Goods from a “hold” rating to a “buy” rating and upped their price objective for the stock from $154.00 to $235.00 in a report on Thursday, March 14th. The Goldman Sachs Group increased their target price on DICK’S Sporting Goods from $157.00 to $247.00 and gave the company a “buy” rating in a research note on Friday, March 15th. TD Cowen boosted their price target on shares of DICK’S Sporting Goods from $177.00 to $226.00 and gave the company an “outperform” rating in a report on Thursday, March 14th. Finally, DA Davidson lifted their price objective on DICK’S Sporting Goods from $183.00 to $250.00 and gave the company a “buy” rating in a report on Friday, March 15th.

Check Out Our Latest Stock Analysis on DICK’S Sporting Goods

Insider Activity at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, CEO Lauren R. Hobart sold 40,167 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $223.95, for a total transaction of $8,995,399.65. Following the completion of the sale, the chief executive officer now directly owns 280,136 shares in the company, valued at $62,736,457.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other DICK’S Sporting Goods news, CEO Lauren R. Hobart sold 40,167 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $223.95, for a total transaction of $8,995,399.65. Following the sale, the chief executive officer now owns 280,136 shares of the company’s stock, valued at $62,736,457.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Elizabeth H. Baran sold 2,175 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $221.78, for a total value of $482,371.50. Following the completion of the transaction, the senior vice president now owns 11,051 shares of the company’s stock, valued at $2,450,890.78. The disclosure for this sale can be found here. Insiders have sold 209,763 shares of company stock valued at $46,483,438 over the last three months. 30.79% of the stock is owned by insiders.

Institutional Trading of DICK’S Sporting Goods

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in DICK’S Sporting Goods by 7.2% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,056 shares of the sporting goods retailer’s stock valued at $2,306,000 after acquiring an additional 1,541 shares during the last quarter. Great West Life Assurance Co. Can grew its stake in DICK’S Sporting Goods by 14.5% during the first quarter. Great West Life Assurance Co. Can now owns 40,257 shares of the sporting goods retailer’s stock worth $4,161,000 after purchasing an additional 5,111 shares during the period. Yousif Capital Management LLC increased its holdings in DICK’S Sporting Goods by 0.6% in the first quarter. Yousif Capital Management LLC now owns 36,694 shares of the sporting goods retailer’s stock worth $3,670,000 after purchasing an additional 217 shares in the last quarter. Sei Investments Co. lifted its stake in DICK’S Sporting Goods by 20.3% in the first quarter. Sei Investments Co. now owns 30,737 shares of the sporting goods retailer’s stock valued at $3,160,000 after buying an additional 5,182 shares during the period. Finally, Canada Pension Plan Investment Board grew its position in shares of DICK’S Sporting Goods by 34.4% during the 1st quarter. Canada Pension Plan Investment Board now owns 2,047 shares of the sporting goods retailer’s stock worth $204,000 after buying an additional 524 shares during the period. Institutional investors and hedge funds own 68.21% of the company’s stock.

DICK’S Sporting Goods Price Performance

NYSE DKS opened at $221.11 on Wednesday. The company has a current ratio of 1.78, a quick ratio of 0.74 and a debt-to-equity ratio of 0.57. DICK’S Sporting Goods has a 1 year low of $100.98 and a 1 year high of $224.72. The company has a market cap of $18.07 billion, a PE ratio of 18.15, a PEG ratio of 2.62 and a beta of 1.55. The stock’s 50-day moving average price is $171.60 and its two-hundred day moving average price is $138.95.

DICK’S Sporting Goods (NYSE:DKSGet Free Report) last posted its quarterly earnings data on Thursday, March 14th. The sporting goods retailer reported $3.85 EPS for the quarter, topping analysts’ consensus estimates of $3.35 by $0.50. The firm had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.79 billion. DICK’S Sporting Goods had a net margin of 8.06% and a return on equity of 42.99%. The company’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the business posted $2.93 EPS. On average, analysts predict that DICK’S Sporting Goods will post 13.43 EPS for the current year.

DICK’S Sporting Goods Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Friday, March 29th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend is Wednesday, March 27th. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. DICK’S Sporting Goods’s dividend payout ratio is 32.84%.

About DICK’S Sporting Goods

(Get Free Report

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.

Further Reading

Analyst Recommendations for DICK'S Sporting Goods (NYSE:DKS)

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