DICK’S Sporting Goods (NYSE:DKS) Price Target Raised to $247.00 at Barclays

DICK’S Sporting Goods (NYSE:DKSFree Report) had its price target raised by Barclays from $231.00 to $247.00 in a report issued on Thursday, Benzinga reports. The firm currently has an overweight rating on the sporting goods retailer’s stock.

A number of other research analysts have also recently issued reports on the stock. Jefferies Financial Group started coverage on shares of DICK’S Sporting Goods in a report on Friday, April 12th. They issued a hold rating and a $211.00 price target for the company. Loop Capital raised their price target on shares of DICK’S Sporting Goods from $150.00 to $220.00 and gave the company a hold rating in a research report on Monday, March 18th. TD Cowen lifted their target price on shares of DICK’S Sporting Goods from $224.00 to $266.00 and gave the company a buy rating in a research report on Thursday. JPMorgan Chase & Co. lifted their target price on shares of DICK’S Sporting Goods from $197.00 to $211.00 and gave the company a neutral rating in a research report on Thursday. Finally, Robert W. Baird raised their price target on shares of DICK’S Sporting Goods from $225.00 to $235.00 and gave the stock a neutral rating in a research note on Thursday. Eleven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, DICK’S Sporting Goods has a consensus rating of Moderate Buy and an average target price of $237.09.

Get Our Latest Analysis on DKS

DICK’S Sporting Goods Price Performance

Shares of DKS stock opened at $224.16 on Thursday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.78 and a quick ratio of 0.74. The company has a market capitalization of $18.48 billion, a P/E ratio of 18.40, a P/E/G ratio of 2.39 and a beta of 1.61. The company’s 50-day simple moving average is $204.14 and its two-hundred day simple moving average is $171.23. DICK’S Sporting Goods has a one year low of $100.98 and a one year high of $229.56.

DICK’S Sporting Goods (NYSE:DKSGet Free Report) last released its quarterly earnings data on Wednesday, May 29th. The sporting goods retailer reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.94 by $0.36. DICK’S Sporting Goods had a net margin of 8.06% and a return on equity of 42.99%. The firm had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period last year, the firm earned $3.40 earnings per share. The company’s quarterly revenue was up 6.2% on a year-over-year basis. As a group, equities analysts anticipate that DICK’S Sporting Goods will post 13.26 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Friday, June 14th. DICK’S Sporting Goods’s payout ratio is 36.12%.

Insider Activity

In related news, major shareholder William Colombo Trustee U/A Dt bought 40,000 shares of the stock in a transaction dated Friday, March 15th. The stock was acquired at an average price of $213.93 per share, for a total transaction of $8,557,200.00. Following the acquisition, the insider now owns 8,818,615 shares in the company, valued at approximately $1,886,566,306.95. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other DICK’S Sporting Goods news, major shareholder William Colombo Trustee U/A Dt purchased 40,000 shares of DICK’S Sporting Goods stock in a transaction that occurred on Friday, March 15th. The stock was purchased at an average price of $213.93 per share, for a total transaction of $8,557,200.00. Following the transaction, the insider now directly owns 8,818,615 shares in the company, valued at $1,886,566,306.95. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Edward W. Stack sold 151,210 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $220.93, for a total transaction of $33,406,825.30. Following the completion of the sale, the chairman now owns 10,899,110 shares of the company’s stock, valued at approximately $2,407,940,372.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 209,763 shares of company stock worth $46,483,438. Corporate insiders own 32.03% of the company’s stock.

Hedge Funds Weigh In On DICK’S Sporting Goods

A number of large investors have recently bought and sold shares of DKS. Teacher Retirement System of Texas raised its position in DICK’S Sporting Goods by 3.5% during the 3rd quarter. Teacher Retirement System of Texas now owns 4,853 shares of the sporting goods retailer’s stock worth $527,000 after buying an additional 162 shares during the last quarter. Sigma Planning Corp raised its position in DICK’S Sporting Goods by 28.4% during the 3rd quarter. Sigma Planning Corp now owns 2,173 shares of the sporting goods retailer’s stock worth $236,000 after buying an additional 481 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in DICK’S Sporting Goods by 14.2% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 30,227 shares of the sporting goods retailer’s stock worth $3,282,000 after buying an additional 3,758 shares during the last quarter. Arizona State Retirement System raised its position in DICK’S Sporting Goods by 1.0% during the 3rd quarter. Arizona State Retirement System now owns 17,095 shares of the sporting goods retailer’s stock worth $1,856,000 after buying an additional 162 shares during the last quarter. Finally, South Dakota Investment Council purchased a new position in DICK’S Sporting Goods during the 3rd quarter worth $2,300,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Company Profile

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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.

Further Reading

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

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