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.
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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