DICK’S Sporting Goods, Inc. (NYSE:DKS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

DICK’S Sporting Goods, Inc. (NYSE:DKS) has been given a consensus recommendation of “Moderate Buy” by the twenty-one brokerages that are covering the stock, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $244.62.

A number of analysts have recently issued reports on the stock. DA Davidson reissued a “buy” rating and issued a $265.00 price objective on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Wells Fargo & Company cut their price target on DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating for the company in a research note on Monday, August 12th. Evercore ISI reaffirmed an “outperform” rating and issued a $280.00 price objective on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Loop Capital boosted their price target on DICK’S Sporting Goods from $200.00 to $220.00 and gave the stock a “hold” rating in a report on Thursday, September 5th. Finally, UBS Group increased their price objective on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “neutral” rating in a report on Monday, August 26th.

DICK’S Sporting Goods Price Performance

NYSE DKS opened at $200.60 on Friday. The business’s fifty day moving average is $215.56 and its 200 day moving average is $211.22. DICK’S Sporting Goods has a fifty-two week low of $100.98 and a fifty-two week high of $239.30. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.69 and a current ratio of 1.77. The company has a market capitalization of $16.35 billion, a PE ratio of 16.61, a price-to-earnings-growth ratio of 2.45 and a beta of 1.62.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.77 by $0.60. The company had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.44 billion. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The firm’s revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.82 EPS. Sell-side analysts predict that DICK’S Sporting Goods will post 13.9 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 20th were paid a dividend of $1.10 per share. The ex-dividend date was Friday, September 20th. This represents a $4.40 annualized dividend and a yield of 2.19%. DICK’S Sporting Goods’s payout ratio is currently 36.42%.

Institutional Investors Weigh In On DICK’S Sporting Goods

Several institutional investors have recently modified their holdings of the stock. TD Asset Management Inc lifted its position in DICK’S Sporting Goods by 33.8% in the fourth quarter. TD Asset Management Inc now owns 11,850 shares of the sporting goods retailer’s stock worth $1,741,000 after buying an additional 2,995 shares during the last quarter. Bank of Nova Scotia lifted its holdings in shares of DICK’S Sporting Goods by 17.0% in the 4th quarter. Bank of Nova Scotia now owns 6,594 shares of the sporting goods retailer’s stock worth $969,000 after acquiring an additional 957 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in shares of DICK’S Sporting Goods during the 4th quarter worth about $499,000. First Trust Advisors LP grew its holdings in DICK’S Sporting Goods by 17.6% during the 4th quarter. First Trust Advisors LP now owns 355,673 shares of the sporting goods retailer’s stock valued at $52,266,000 after purchasing an additional 53,146 shares during the last quarter. Finally, Epoch Investment Partners Inc. purchased a new stake in DICK’S Sporting Goods in the 4th quarter worth about $202,000. 89.83% of the stock is owned by 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.