DICK’S Sporting Goods, Inc. (NYSE:DKS) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) have been given an average rating of “Moderate Buy” by the twenty-one ratings firms that are covering the stock, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $244.95.

Several analysts have issued reports on the company. Loop Capital upped their price objective on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a research note on Wednesday, November 27th. DA Davidson restated a “buy” rating and issued a $265.00 price target on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Evercore ISI reaffirmed an “outperform” rating and set a $280.00 price objective on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. UBS Group raised shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and increased their price objective for the company from $225.00 to $260.00 in a research report on Wednesday, November 27th. Finally, Barclays lifted their target price on shares of DICK’S Sporting Goods from $247.00 to $254.00 and gave the stock an “overweight” rating in a report on Thursday, September 5th.

Institutional Investors Weigh In On DICK’S Sporting Goods

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

DICK’S Sporting Goods Price Performance

NYSE:DKS opened at $207.24 on Monday. The stock has a market capitalization of $16.87 billion, a PE ratio of 14.81, a P/E/G ratio of 2.36 and a beta of 1.64. DICK’S Sporting Goods has a 1-year low of $126.24 and a 1-year high of $239.30. The firm has a fifty day simple moving average of $205.65 and a 200 day simple moving average of $210.85. The company has a current ratio of 1.72, a quick ratio of 0.69 and a debt-to-equity ratio of 0.48.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.68 by $0.07. The company had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.03 billion. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The company’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter last year, the firm posted $2.85 EPS. On average, research analysts expect that DICK’S Sporting Goods will post 13.88 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Friday, December 13th. DICK’S Sporting Goods’s payout ratio is currently 31.45%.

DICK’S Sporting Goods Company Profile

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.