Brokerages Set DICK’S Sporting Goods, Inc. (NYSE:DKS) Target Price at $126.25

DICK’S Sporting Goods, Inc. (NYSE:DKS) has earned an average recommendation of “Buy” from the twenty-three brokerages that are covering the firm, MarketBeat reports. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $126.25.

Several equities research analysts have recently weighed in on the company. Citigroup increased their price target on DICK’S Sporting Goods from $128.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, August 26th. Cowen increased their price objective on DICK’S Sporting Goods from $150.00 to $170.00 and gave the stock an “outperform” rating in a research note on Thursday, August 26th. Barclays increased their price objective on DICK’S Sporting Goods from $150.00 to $173.00 and gave the stock an “overweight” rating in a research note on Thursday, August 26th. Raymond James raised DICK’S Sporting Goods from an “underperform” rating to a “market perform” rating in a research note on Thursday, August 26th. Finally, Robert W. Baird increased their price objective on DICK’S Sporting Goods from $100.00 to $135.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 25th.

In related news, CFO Lee J. Belitsky sold 35,000 shares of the firm’s stock in a transaction on Friday, August 27th. The stock was sold at an average price of $134.86, for a total value of $4,720,100.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Lee J. Belitsky sold 20,000 shares of the firm’s stock in a transaction on Wednesday, September 1st. The stock was sold at an average price of $144.12, for a total value of $2,882,400.00. Following the completion of the transaction, the chief financial officer now owns 269,943 shares of the company’s stock, valued at approximately $38,904,185.16. The disclosure for this sale can be found here. Insiders sold a total of 68,123 shares of company stock valued at $9,468,718 in the last three months. Insiders own 30.09% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DKS. FMR LLC raised its stake in shares of DICK’S Sporting Goods by 32.4% during the 1st quarter. FMR LLC now owns 1,431,090 shares of the sporting goods retailer’s stock valued at $52,679,000 after buying an additional 350,515 shares during the last quarter. Ziegler Capital Management LLC purchased a new position in shares of DICK’S Sporting Goods during the 1st quarter valued at about $1,212,000. CWM Advisors LLC purchased a new position in shares of DICK’S Sporting Goods during the 1st quarter valued at about $773,000. Virginia Retirement Systems ET AL raised its stake in shares of DICK’S Sporting Goods by 9.2% during the 1st quarter. Virginia Retirement Systems ET AL now owns 40,300 shares of the sporting goods retailer’s stock valued at $3,069,000 after buying an additional 3,400 shares during the last quarter. Finally, State of Michigan Retirement System increased its stake in shares of DICK’S Sporting Goods by 1.3% in the 1st quarter. State of Michigan Retirement System now owns 24,297 shares of the sporting goods retailer’s stock valued at $1,850,000 after purchasing an additional 300 shares in the last quarter. Institutional investors and hedge funds own 79.04% of the company’s stock.

Shares of NYSE DKS traded up $0.18 during midday trading on Tuesday, hitting $130.54. The company’s stock had a trading volume of 1,850,024 shares, compared to its average volume of 1,964,431. The company has a current ratio of 1.72, a quick ratio of 0.94 and a debt-to-equity ratio of 0.14. The business’s 50 day moving average is $114.30 and its two-hundred day moving average is $96.28. DICK’S Sporting Goods has a 12-month low of $50.88 and a 12-month high of $147.39. The firm has a market cap of $11.56 billion, a P/E ratio of 10.89, a price-to-earnings-growth ratio of 0.84 and a beta of 1.74.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Tuesday, August 24th. The sporting goods retailer reported $5.08 earnings per share for the quarter, topping the 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 firm had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $2.84 billion. During the same period in the prior year, the business posted $3.21 earnings per share. The company’s revenue for the quarter was up 20.8% on a year-over-year basis. On average, analysts predict that DICK’S Sporting Goods will post 12.47 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 24th. Stockholders of record on Friday, September 10th will be given a $0.4375 dividend. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Thursday, September 9th. This represents a $1.75 dividend on an annualized basis and a dividend yield of 1.34%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 28.59%.

About DICK’S Sporting Goods

Dick’s Sporting Goods, Inc engages in the retail of extensive assortment of authentic sports equipment, apparel, footwear, and accessories through a blend of associates, in-store services, and unique specialty shop-in-shops. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.

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Analyst Recommendations for DICK`S Sporting Goods (NYSE:DKS)

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