DICK’S Sporting Goods (NYSE:DKS) Reaches New 12-Month Low – Should You Sell?

DICK’S Sporting Goods, Inc. (NYSE:DKS) shares reached a new 52-week low on Friday . The company traded as low as $176.81 and last traded at $184.89, with a volume of 4149071 shares. The stock had previously closed at $211.32.

Analysts Set New Price Targets

Several brokerages have issued reports on DKS. Truist Financial set a $245.00 price target on shares of DICK’S Sporting Goods in a report on Tuesday, March 11th. Stifel Nicolaus dropped their price target on shares of DICK’S Sporting Goods from $240.00 to $226.00 and set a “hold” rating for the company in a research report on Wednesday, March 12th. Wedbush reiterated a “neutral” rating and issued a $215.00 price objective on shares of DICK’S Sporting Goods in a research note on Wednesday, March 12th. Loop Capital cut their target price on DICK’S Sporting Goods from $240.00 to $195.00 and set a “hold” rating for the company in a research report on Thursday, March 13th. Finally, Argus upped their price target on DICK’S Sporting Goods from $255.00 to $280.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Nine equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $245.50.

DICK’S Sporting Goods Trading Down 1.3 %

The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. The business’s fifty day moving average is $219.03 and its two-hundred day moving average is $216.05. The firm has a market cap of $14.88 billion, a price-to-earnings ratio of 13.05, a price-to-earnings-growth ratio of 2.47 and a beta of 1.53.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Tuesday, March 11th. The sporting goods retailer reported $3.62 EPS for the quarter, beating the consensus estimate of $3.47 by $0.15. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The company had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same period last year, the firm earned $3.85 EPS. The business’s revenue for the quarter was up .5% on a year-over-year basis. Equities analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a $1.2125 dividend. This represents a $4.85 annualized dividend and a dividend yield of 2.66%. The ex-dividend date of this dividend is Friday, March 28th. This is a positive change from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 34.54%.

DICK’S Sporting Goods announced that its board has authorized a share buyback program on Tuesday, March 11th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the sporting goods retailer to purchase up to 18.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, Chairman Edward W. Stack sold 160,600 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $229.25, for a total transaction of $36,817,550.00. Following the completion of the sale, the chairman now owns 8,362,128 shares in the company, valued at approximately $1,917,017,844. The trade was a 1.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the stock in a transaction on Friday, January 17th. The shares were sold at an average price of $227.99, for a total value of $1,139,950.00. Following the completion of the transaction, the executive vice president now directly owns 16,504 shares in the company, valued at approximately $3,762,746.96. This trade represents a 23.25 % decrease in their position. The disclosure for this sale can be found here. 32.03% of the stock is currently owned by company insiders.

Institutional Trading of DICK’S Sporting Goods

A number of hedge funds have recently modified their holdings of DKS. Park Square Financial Group LLC bought a new stake in DICK’S Sporting Goods in the fourth quarter valued at approximately $27,000. New Wave Wealth Advisors LLC bought a new stake in shares of DICK’S Sporting Goods in the 4th quarter valued at $28,000. Ancora Advisors LLC bought a new stake in shares of DICK’S Sporting Goods in the 4th quarter valued at $28,000. Rialto Wealth Management LLC acquired a new stake in DICK’S Sporting Goods during the 4th quarter worth $30,000. Finally, Sound Income Strategies LLC lifted its holdings in DICK’S Sporting Goods by 590.0% during the fourth quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer’s stock worth $32,000 after acquiring an additional 118 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

About DICK’S Sporting Goods

Dick’s Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.