DICK’S Sporting Goods, Inc. (NYSE:DKS) Receives $220.11 Consensus Price Target from Analysts

Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) have earned an average recommendation of “Hold” from the nineteen analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $220.11.

Several research firms recently commented on DKS. TD Cowen lowered DICK’S Sporting Goods from a “buy” rating to a “hold” rating and set a $216.00 price target for the company. in a research report on Thursday, May 15th. Wedbush reiterated a “neutral” rating and issued a $215.00 target price on shares of DICK’S Sporting Goods in a report on Wednesday, March 12th. Stifel Nicolaus cut their target price on DICK’S Sporting Goods from $226.00 to $192.00 and set a “hold” rating on the stock in a research report on Thursday, April 10th. Telsey Advisory Group restated an “outperform” rating and issued a $220.00 price target on shares of DICK’S Sporting Goods in a research report on Wednesday, May 28th. Finally, Loop Capital dropped their price objective on shares of DICK’S Sporting Goods from $195.00 to $180.00 and set a “hold” rating for the company in a research note on Friday, May 16th.

DICK’S Sporting Goods Stock Down 0.4%

NYSE DKS opened at $174.13 on Friday. The stock has a 50 day moving average price of $183.70 and a 200-day moving average price of $207.22. DICK’S Sporting Goods has a one year low of $166.37 and a one year high of $254.60. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.47 and a current ratio of 1.62. The company has a market capitalization of $13.94 billion, a P/E ratio of 12.46, a P/E/G ratio of 2.48 and a beta of 1.07.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $3.37. DICK’S Sporting Goods had a net margin of 8.49% and a return on equity of 38.06%. The company had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.12 billion. As a group, equities analysts predict that DICK’S Sporting Goods will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a $1.2125 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $4.85 dividend on an annualized basis and a yield of 2.79%. DICK’S Sporting Goods’s dividend payout ratio is currently 34.69%.

DICK’S Sporting Goods announced that its board has authorized a stock buyback plan on Tuesday, March 11th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the sporting goods retailer to buy up to 18.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Institutional Trading of DICK’S Sporting Goods

Large investors have recently modified their holdings of the company. Park Square Financial Group LLC purchased a new position in shares of DICK’S Sporting Goods during the fourth quarter valued at $27,000. Ancora Advisors LLC purchased a new position in DICK’S Sporting Goods during the 4th quarter valued at about $28,000. Rialto Wealth Management LLC bought a new stake in shares of DICK’S Sporting Goods in the 4th quarter valued at about $30,000. Bessemer Group Inc. lifted its position in shares of DICK’S Sporting Goods by 108.6% in the 4th quarter. Bessemer Group Inc. now owns 146 shares of the sporting goods retailer’s stock worth $33,000 after purchasing an additional 76 shares during the period. Finally, Private Trust Co. NA boosted its stake in shares of DICK’S Sporting Goods by 54.1% during the first quarter. Private Trust Co. NA now owns 188 shares of the sporting goods retailer’s stock valued at $38,000 after purchasing an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Company Profile

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.