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

Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) have received a consensus rating of “Moderate Buy” from the twenty-two brokerages that are currently covering the firm, MarketBeat.com reports. Eleven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $208.64.

DKS has been the subject of several recent research reports. Robert W. Baird increased their price target on DICK’S Sporting Goods from $145.00 to $185.00 and gave the company a “neutral” rating in a report on Thursday, March 14th. Barclays increased their price target on DICK’S Sporting Goods from $194.00 to $239.00 and gave the company an “overweight” rating in a report on Monday, March 18th. Oppenheimer raised their target price on DICK’S Sporting Goods from $190.00 to $240.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 20th. The Goldman Sachs Group raised their target price on DICK’S Sporting Goods from $157.00 to $247.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Finally, Stifel Nicolaus raised their target price on DICK’S Sporting Goods from $126.00 to $215.00 and gave the stock a “hold” rating in a research note on Friday, March 15th.

DICK’S Sporting Goods Price Performance

NYSE:DKS opened at $195.18 on Friday. DICK’S Sporting Goods has a one year low of $100.98 and a one year high of $225.79. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.74 and a current ratio of 1.78. The stock has a market cap of $16.09 billion, a PE ratio of 16.02, a P/E/G ratio of 2.41 and a beta of 1.58. The stock has a 50 day moving average price of $194.19 and a 200 day moving average price of $152.16.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Thursday, March 14th. The sporting goods retailer reported $3.85 EPS for the quarter, beating the consensus estimate of $3.35 by $0.50. DICK’S Sporting Goods had a return on equity of 42.99% and a net margin of 8.06%. The firm had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $3.79 billion. During the same quarter last year, the firm earned $2.93 earnings per share. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. Equities research analysts expect that DICK’S Sporting Goods will post 13.26 EPS for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were given a dividend of $1.10 per share. This is a positive change from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. This represents a $4.40 annualized dividend and a dividend yield of 2.25%. The ex-dividend date was Wednesday, March 27th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 36.12%.

Insider Transactions at DICK’S Sporting Goods

In related news, SVP Elizabeth H. Baran sold 2,175 shares of DICK’S Sporting Goods stock in a transaction on Friday, March 22nd. The stock was 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 document filed with the SEC, which is available at the SEC website. In related news, major shareholder William Colombo Trustee U/A Dt bought 40,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was purchased at an average cost of $213.93 per share, for a total transaction of $8,557,200.00. Following the completion of the acquisition, the insider now owns 8,818,615 shares in the company, valued at approximately $1,886,566,306.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Elizabeth H. Baran sold 2,175 shares of DICK’S Sporting Goods stock in a transaction 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 owns 11,051 shares of the company’s stock, valued at $2,450,890.78. The disclosure for this sale can be found here. Insiders sold a total of 209,763 shares of company stock worth $46,483,438 over the last ninety days. Company insiders own 30.79% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its holdings in DICK’S Sporting Goods by 12.1% during the 1st quarter. BlackRock Inc. now owns 5,983,808 shares of the sporting goods retailer’s stock worth $849,043,000 after buying an additional 644,609 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in DICK’S Sporting Goods by 4.2% during the 4th quarter. Victory Capital Management Inc. now owns 2,334,018 shares of the sporting goods retailer’s stock worth $342,984,000 after buying an additional 94,745 shares during the last quarter. State Street Corp lifted its holdings in DICK’S Sporting Goods by 17.1% during the 2nd quarter. State Street Corp now owns 1,981,489 shares of the sporting goods retailer’s stock worth $261,933,000 after buying an additional 289,165 shares during the last quarter. Morgan Stanley lifted its holdings in DICK’S Sporting Goods by 25.8% during the 3rd quarter. Morgan Stanley now owns 1,399,734 shares of the sporting goods retailer’s stock worth $151,983,000 after buying an additional 286,988 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in DICK’S Sporting Goods by 4.5% during the 4th quarter. Pacer Advisors Inc. now owns 817,300 shares of the sporting goods retailer’s stock worth $120,102,000 after buying an additional 34,942 shares during the last quarter. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

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.