DICK’S Sporting Goods (NYSE:DKS) Receives “Neutral” Rating from Wedbush

Wedbush reiterated their neutral rating on shares of DICK’S Sporting Goods (NYSE:DKS) in a research note published on Wednesday morning,RTT News reports. Wedbush currently has a $215.00 target price on the sporting goods retailer’s stock, down from their prior target price of $250.00.

DKS has been the subject of several other reports. Robert W. Baird restated a “neutral” rating and issued a $235.00 price objective on shares of DICK’S Sporting Goods in a report on Wednesday, August 28th. Bank of America raised their price objective on shares of DICK’S Sporting Goods from $240.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. Wells Fargo & Company lowered their price objective on shares of DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating for the company in a report on Monday, August 12th. Truist Financial raised their price objective on shares of DICK’S Sporting Goods from $256.00 to $258.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, DA Davidson restated a “buy” rating and issued a $265.00 price objective on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, DICK’S Sporting Goods presently has an average rating of “Moderate Buy” and an average target price of $244.95.

DICK’S Sporting Goods Stock Up 0.7 %

Shares of NYSE:DKS opened at $213.70 on Wednesday. The company has a current ratio of 1.77, a quick ratio of 0.69 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $17.40 billion, a P/E ratio of 15.68, a price-to-earnings-growth ratio of 2.45 and a beta of 1.64. DICK’S Sporting Goods has a 12-month low of $120.39 and a 12-month high of $239.30. The stock’s 50-day moving average price is $205.76 and its 200-day moving average price is $210.64.

DICK’S Sporting Goods (NYSE:DKS) last posted its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.07. The company had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.03 billion. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. DICK’S Sporting Goods’s quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the firm earned $2.85 earnings per share. On average, equities analysts anticipate that DICK’S Sporting Goods will post 13.88 earnings per share for the current year.

DICK’S Sporting Goods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors 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 yield of 2.06%. DICK’S Sporting Goods’s payout ratio is currently 32.28%.

Institutional Investors Weigh In On DICK’S Sporting Goods

A number of large investors have recently added to or reduced their stakes in DKS. Janus Henderson Group PLC grew its position in DICK’S Sporting Goods by 2.3% in the 1st quarter. Janus Henderson Group PLC now owns 6,948 shares of the sporting goods retailer’s stock worth $1,562,000 after purchasing an additional 153 shares during the period. iA Global Asset Management Inc. bought a new stake in DICK’S Sporting Goods in the 1st quarter worth approximately $586,000. Swedbank AB bought a new stake in DICK’S Sporting Goods in the 1st quarter worth approximately $1,670,000. Cetera Investment Advisers bought a new stake in DICK’S Sporting Goods in the 1st quarter worth approximately $1,697,000. Finally, Teachers Retirement System of The State of Kentucky grew its position in shares of DICK’S Sporting Goods by 24.2% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 146,792 shares of the sporting goods retailer’s stock valued at $33,008,000 after acquiring an additional 28,600 shares during the period. Institutional investors own 89.83% of the company’s stock.

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.