DICK’S Sporting Goods (NYSE:DKS) Price Target Raised to $230.00 at Wells Fargo & Company

DICK’S Sporting Goods (NYSE:DKSFree Report) had its price target boosted by Wells Fargo & Company from $210.00 to $230.00 in a research report released on Thursday morning, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the sporting goods retailer’s stock.

DKS has been the subject of several other reports. Gordon Haskett lifted their price target on DICK’S Sporting Goods from $190.00 to $260.00 and gave the stock a buy rating in a report on Monday, April 8th. The Goldman Sachs Group lifted their price target on DICK’S Sporting Goods from $157.00 to $247.00 and gave the stock a buy rating in a report on Friday, March 15th. Truist Financial lifted their price target on DICK’S Sporting Goods from $243.00 to $256.00 and gave the stock a buy rating in a report on Thursday. Barclays dropped their price target on DICK’S Sporting Goods from $239.00 to $231.00 and set an overweight rating for the company in a report on Monday, May 13th. Finally, DA Davidson lifted their price target on DICK’S Sporting Goods from $250.00 to $265.00 and gave the stock a buy rating in a report on Wednesday. Eleven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $237.09.

Check Out Our Latest Research Report on DKS

DICK’S Sporting Goods Stock Performance

DKS opened at $227.64 on Thursday. DICK’S Sporting Goods has a 12-month low of $100.98 and a 12-month high of $229.56. The stock has a market cap of $18.77 billion, a price-to-earnings ratio of 18.84, a PEG ratio of 2.67 and a beta of 1.61. The business has a 50 day moving average of $204.27 and a 200-day moving average of $172.45. The company has a quick ratio of 0.74, a current ratio of 1.71 and a debt-to-equity ratio of 0.55.

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 return on equity of 41.80% and a net margin of 7.73%. The company had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same period last year, the firm posted $3.40 earnings per share. The business’s revenue was up 6.2% on a year-over-year basis. On average, equities research analysts expect that DICK’S Sporting Goods will post 13.64 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $4.40 annualized dividend and a dividend yield of 1.93%. DICK’S Sporting Goods’s payout ratio is 36.42%.

Insider Activity

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

Institutional Investors Weigh In On DICK’S Sporting Goods

A number of hedge funds and other institutional investors have recently bought and sold shares of DKS. SG Americas Securities LLC grew its position in shares of DICK’S Sporting Goods by 1,305.5% in the 4th quarter. SG Americas Securities LLC now owns 5,917 shares of the sporting goods retailer’s stock valued at $870,000 after buying an additional 5,496 shares during the last quarter. Todd Asset Management LLC grew its position in shares of DICK’S Sporting Goods by 129.6% in the 4th quarter. Todd Asset Management LLC now owns 144,050 shares of the sporting goods retailer’s stock valued at $21,168,000 after buying an additional 81,313 shares during the last quarter. Franklin Resources Inc. grew its position in shares of DICK’S Sporting Goods by 22.0% in the 4th quarter. Franklin Resources Inc. now owns 118,140 shares of the sporting goods retailer’s stock valued at $17,361,000 after buying an additional 21,342 shares during the last quarter. First Hawaiian Bank bought a new stake in shares of DICK’S Sporting Goods in the 4th quarter valued at about $695,000. Finally, National Bank of Canada FI grew its position in shares of DICK’S Sporting Goods by 1,313.0% in the 4th quarter. National Bank of Canada FI now owns 13,989 shares of the sporting goods retailer’s stock valued at $2,042,000 after buying an additional 12,999 shares during the last quarter. 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.

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

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