DICK’S Sporting Goods (NYSE:DKS) PT Raised to $280.00 at Evercore ISI

DICK’S Sporting Goods (NYSE:DKSFree Report) had its price target increased by Evercore ISI from $240.00 to $280.00 in a research report released on Thursday morning, Benzinga reports. They currently have an outperform rating on the sporting goods retailer’s stock.

Several other equities analysts have also weighed in on the stock. The Goldman Sachs Group lifted their target price on shares of DICK’S Sporting Goods from $157.00 to $247.00 and gave the company a buy rating in a report on Friday, March 15th. Jefferies Financial Group assumed coverage on shares of DICK’S Sporting Goods in a report on Friday, April 12th. They set a hold rating and a $211.00 target price on the stock. Barclays cut their price objective on shares of DICK’S Sporting Goods from $239.00 to $231.00 and set an overweight rating on the stock in a report on Monday, May 13th. Bank of America upgraded shares of DICK’S Sporting Goods from a neutral rating to a buy rating and boosted their price objective for the stock from $225.00 to $240.00 in a report on Wednesday. Finally, Morgan Stanley boosted their price objective on shares of DICK’S Sporting Goods from $235.00 to $245.00 and gave the stock an overweight rating in a report on Thursday. Eleven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $237.09.

View Our Latest Stock Report on DKS

DICK’S Sporting Goods Stock Up 1.6 %

Shares of NYSE DKS opened at $227.64 on Thursday. DICK’S Sporting Goods has a 52-week low of $100.98 and a 52-week high of $229.56. The firm has a fifty day moving average of $204.27 and a 200-day moving average of $172.45. The stock has a market capitalization of $18.77 billion, a PE ratio of 18.84, a P/E/G ratio of 2.67 and a beta of 1.61. 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 posted its earnings results on Wednesday, May 29th. The sporting goods retailer reported $3.30 earnings per share for the quarter, beating the consensus estimate of $2.94 by $0.36. The business had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.94 billion. DICK’S Sporting Goods had a net margin of 7.73% and a return on equity of 41.80%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.40 EPS. On average, analysts anticipate that DICK’S Sporting Goods will post 13.64 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The business also recently disclosed 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 1.93%. The ex-dividend date is Thursday, June 13th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 36.42%.

Insider Activity

In other news, SVP Elizabeth H. Baran sold 2,175 shares of the stock in a transaction that occurred on 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 directly owns 11,051 shares in the company, valued at $2,450,890.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Elizabeth H. Baran sold 2,175 shares of the stock in a transaction that occurred on 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 directly owns 11,051 shares in the company, valued at $2,450,890.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Edward W. Stack sold 151,210 shares of the stock in a transaction that occurred 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 sale, the chairman now directly owns 10,899,110 shares of the company’s stock, valued at $2,407,940,372.30. The disclosure for this sale can be found here. Insiders sold 209,763 shares of company stock worth $46,483,438 over the last three months. Corporate insiders own 32.03% of the company’s stock.

Institutional Trading of DICK’S Sporting Goods

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC lifted its stake in DICK’S Sporting Goods by 1,305.5% during the fourth quarter. SG Americas Securities LLC now owns 5,917 shares of the sporting goods retailer’s stock valued at $870,000 after purchasing an additional 5,496 shares during the last quarter. Todd Asset Management LLC lifted its stake in DICK’S Sporting Goods by 129.6% during the fourth quarter. Todd Asset Management LLC now owns 144,050 shares of the sporting goods retailer’s stock valued at $21,168,000 after purchasing an additional 81,313 shares during the last quarter. Franklin Resources Inc. lifted 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 acquiring an additional 21,342 shares in the last quarter. First Hawaiian Bank purchased a new stake in shares of DICK’S Sporting Goods in the 4th quarter valued at approximately $695,000. Finally, National Bank of Canada FI lifted 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 acquiring an additional 12,999 shares in the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

DICK’S Sporting Goods Company Profile

(Get Free Report)

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.

Featured Stories

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

Receive News & Ratings for DICK'S Sporting Goods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DICK'S Sporting Goods and related companies with MarketBeat.com's FREE daily email newsletter.