DICK’S Sporting Goods, Inc. (NYSE:DKS) Receives $246.10 Average PT from Brokerages

Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) have received a consensus recommendation of “Moderate Buy” from the twenty-one brokerages that are currently covering the stock, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $246.10.

A number of analysts have weighed in on DKS shares. Loop Capital increased their target price on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a research report on Wednesday, November 27th. Truist Financial increased 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 research report on Wednesday, November 27th. TD Cowen upped their price target on shares of DICK’S Sporting Goods from $270.00 to $294.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Telsey Advisory Group reissued an “outperform” rating and issued a $260.00 price objective on shares of DICK’S Sporting Goods in a research report on Tuesday, November 26th. Finally, Wedbush restated a “neutral” rating and set a $215.00 target price (down previously from $250.00) on shares of DICK’S Sporting Goods in a research report on Wednesday, November 27th.

Insider Transactions at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, Director Lawrence J. Schorr sold 7,333 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $231.55, for a total value of $1,697,956.15. Following the completion of the transaction, the director now owns 50,997 shares in the company, valued at $11,808,355.35. This represents a 12.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Edward W. Stack sold 160,600 shares of DICK’S Sporting Goods stock in a transaction on Monday, January 6th. The stock was sold at an average price of $229.25, for a total value of $36,817,550.00. Following the sale, the chairman now owns 8,362,128 shares in the company, valued at $1,917,017,844. The trade was a 1.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 32.03% of the company’s stock.

Institutional Trading of DICK’S Sporting Goods

Large investors have recently added to or reduced their stakes in the stock. ORG Partners LLC boosted its stake in DICK’S Sporting Goods by 37.0% in the third quarter. ORG Partners LLC now owns 200 shares of the sporting goods retailer’s stock valued at $42,000 after acquiring an additional 54 shares during the last quarter. CIBC Asset Management Inc lifted its stake in DICK’S Sporting Goods by 1.7% in the third quarter. CIBC Asset Management Inc now owns 3,232 shares of the sporting goods retailer’s stock valued at $675,000 after purchasing an additional 54 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its holdings in DICK’S Sporting Goods by 3.5% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 2,055 shares of the sporting goods retailer’s stock valued at $470,000 after purchasing an additional 70 shares during the period. SeaCrest Wealth Management LLC increased its position in DICK’S Sporting Goods by 4.8% in the fourth quarter. SeaCrest Wealth Management LLC now owns 1,765 shares of the sporting goods retailer’s stock worth $404,000 after buying an additional 81 shares during the last quarter. Finally, First Citizens Bank & Trust Co. raised its stake in shares of DICK’S Sporting Goods by 5.7% in the third quarter. First Citizens Bank & Trust Co. now owns 1,907 shares of the sporting goods retailer’s stock valued at $398,000 after buying an additional 103 shares during the period. Hedge funds and other institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Price Performance

DKS stock opened at $228.09 on Tuesday. The company has a market capitalization of $18.58 billion, a P/E ratio of 16.30, a PEG ratio of 2.62 and a beta of 1.58. The company has a fifty day moving average price of $218.26 and a 200-day moving average price of $213.83. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. DICK’S Sporting Goods has a 52-week low of $141.02 and a 52-week high of $239.30.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, topping the consensus estimate of $2.68 by $0.07. The firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.03 billion. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.85 EPS. As a group, equities analysts expect that DICK’S Sporting Goods will post 13.88 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date was Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio is 31.45%.

About DICK’S Sporting Goods

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.