DICK’S Sporting Goods (NYSE:DKS) Price Target Raised to $225.00

DICK’S Sporting Goods (NYSE:DKS) had its price objective upped by Loop Capital from $220.00 to $225.00 in a research note released on Wednesday,Benzinga reports. The brokerage currently has a hold rating on the sporting goods retailer’s stock.

DKS has been the subject of a number of other research reports. TD Cowen lifted their target price on shares of DICK’S Sporting Goods from $266.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. UBS Group upgraded DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and upped their price objective for the company from $225.00 to $260.00 in a report on Wednesday. Wedbush restated a “neutral” rating and set a $250.00 target price on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Bank of America boosted their target price on DICK’S Sporting Goods from $240.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. Finally, Barclays lifted their price objective on shares of DICK’S Sporting Goods from $247.00 to $254.00 and gave the stock an “overweight” rating in a research note on Thursday, September 5th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $244.95.

DICK’S Sporting Goods Stock Performance

DKS stock opened at $207.24 on Wednesday. The company has a 50 day moving average price of $205.75 and a 200 day moving average price of $210.68. The stock has a market capitalization of $16.87 billion, a PE ratio of 14.81, a price-to-earnings-growth ratio of 2.43 and a beta of 1.64. DICK’S Sporting Goods has a fifty-two week low of $126.24 and a fifty-two week high of $239.30. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.69.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.68 by $0.07. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.03 billion. During the same period in the prior year, the company posted $2.85 EPS. The company’s revenue was up .5% compared to the same quarter last year. Analysts forecast that DICK’S Sporting Goods will post 13.88 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.12%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 31.45%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in DKS. Brooklyn Investment Group acquired a new stake in DICK’S Sporting Goods in the 3rd quarter valued at $27,000. ICA Group Wealth Management LLC bought a new position in shares of DICK’S Sporting Goods in the 2nd quarter valued at about $28,000. ORG Partners LLC acquired a new stake in shares of DICK’S Sporting Goods in the second quarter valued at about $30,000. ORG Wealth Partners LLC bought a new stake in DICK’S Sporting Goods during the third quarter worth about $30,000. Finally, Innealta Capital LLC bought a new stake in DICK’S Sporting Goods during the second quarter worth about $31,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

About DICK’S Sporting Goods

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.