DICK’S Sporting Goods, Inc. (NYSE: DKS) received a consensus “Buy” rating of “Buy” from the 22 research firms covering the stock, Marketbeat Ratings reports. Ten research analysts for stocks have given the stock a hold rating and eleven a buy rating. The average 1 year target price of analysts who updated their coverage on the stock over the last year is $ 126.25.
A number of research analysts recently looked at the DKS share. Stephens raised his target price on DICK’s Sporting Goods from $ 95.00 to $ 129.00 and rated the company “equilibrium” in a research report on Friday, August 27th. Argus raised its price target for DICK’s Sporting Goods from USD 92.00 to USD 110.00 and rated the company as “Buy” in a research report on Monday, June 7th. The Telsey Advisory Group raised its price target for DICK’s Sporting Goods from USD 125.00 to USD 153.00 and rated the company as “outperform” in a research report on Thursday, August 26th. Robert W. Baird raised his price target for DICK’s Sporting Goods from $ 100.00 to $ 135.00 and rated the company as “neutral” in a research report on Wednesday, August 25th. Eventually, Zacks Investment Research downgraded DICK’s Sporting Goods from a “strong buy” rating to a “hold” rating and set a price target of $ 154.00 for the company. in a research report on Monday, September 6th.
NYSE: DKS opened at $ 121.72 on Friday. The stock has a fifty-day moving average price of $ 121.97 and a two hundred-day moving average price of $ 100.79. The stock has a market capitalization of $ 10.78 billion, a price to earnings ratio of 10.15, a PEG ratio of 0.84, and a beta of 1.74. The company has a debt of 0.14, a quick ratio of 0.94 and a current ratio of 1.72. DICK’S Sporting Goods has a 1-year low of $ 50.88 and a 1-year high of $ 147.39.
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DICK’s Sporting Goods (NYSE: DKS) last announced its quarterly results on Tuesday, August 24th. The sporting goods retailer reported earnings of $ 5.08 per share for the quarter, beating analysts’ consensus estimate of $ 2.80 by $ 2.28. DICK’S Sporting Goods had a return on equity of 50.69% and a net margin of 10.69%. The company had revenue of $ 3.28 billion for the quarter, compared to analyst expectations of $ 2.84 billion. For the same quarter last year, the company had earnings per share of $ 3.21. The company’s revenue increased 20.8% year over year for the quarter. On average, analysts are forecasting 12.47 EPS for DICK’s Sporting Goods for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 24th. Shareholders of record on Friday September 10th received a dividend of $ 0.4375. This equates to a dividend of $ 1.75 on an annual basis and a yield of 1.44%. This is a positive change from DICK’s Sporting Goods’ previous quarterly dividend of $ 0.36. The ex-dividend date was Thursday, September 9th. The dividend payout ratio (DPR) of DICK’S Sporting Goods is currently 28.59%.
In related news, EVP Vladimir Rak sold 10,011 shares in the company in one transaction on Wednesday September 1. The shares were sold at an average price of $ 145.08 for a total transaction of $ 1,452,395.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available via this hyperlink. SVP John Edward Hayes III also sold 733 shares in the company in one transaction on Monday, August 30th. The stock sold at an average price of $ 139.39 for a total transaction of $ 102,172.87. The disclosure for this sale can be found here. Insiders sold a total of 68,123 shares in the company for $ 9,468,718 in the past 90 days. Company insiders own 30.09% of the company’s shares.
A number of hedge funds have recently changed their positions in the business. Cypress Point Wealth Management LLC bought a new position in shares of DICK’s Sporting Goods valued at approximately $ 25,000 in the second quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in DICK’S Sporting Goods shares valued at approximately $ 96,000 during the second quarter. Ameritas Investment Company LLC bought a new position in shares of DICK’s Sporting Goods valued at approximately $ 33,000 in the first quarter. Tradition Wealth Management LLC bought a new position in DICK’S Sporting Goods shares valued at approximately $ 38,000 during the first quarter. Finally, O Shaughnessy Asset Management LLC increased its position in stocks of DICK’S Sporting Goods by 38.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 642 shares in the sporting goods retailer valued at $ 49,000 after buying an additional 179 shares last quarter. 79.04% of the shares are owned by institutional investors.
About DICK’S sporting goods
Dick’s Sporting Goods, Inc. retailers an extensive line of authentic sports equipment, apparel, shoes and accessories through a mix of partners, in-store services and unique in-store specialty stores. The company was founded in 1948 by Richard T. Stack and is headquartered in Coraopolis, PA.
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