DICK’S Sporting Goods (NYSE:DKS) Price Target Increased to $210.00 by Analysts at Wells Fargo & Company

DICK’S Sporting Goods (NYSE:DKS) had its price objective boosted by Wells Fargo & Company from $175.00 to $210.00 in a report released on Friday, Benzinga reports. The firm currently has an equal weight rating on the sporting goods retailer’s stock.

Other equities analysts also recently issued reports about the stock. Truist Financial increased their price objective on shares of DICK’S Sporting Goods from $201.00 to $243.00 and gave the stock a buy rating in a research note on Friday. Morgan Stanley raised their target price on shares of DICK’S Sporting Goods from $160.00 to $235.00 and gave the company an overweight rating in a research note on Friday. Wedbush raised their target price on shares of DICK’S Sporting Goods from $160.00 to $210.00 and gave the company a neutral rating in a research note on Friday. Citigroup raised their target price on shares of DICK’S Sporting Goods from $112.00 to $120.00 and gave the company a neutral rating in a research note on Wednesday, November 22nd. Finally, Robert W. Baird raised their target price on shares of DICK’S Sporting Goods from $145.00 to $185.00 and gave the company a neutral rating in a research note on Thursday. Eleven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, DICK’S Sporting Goods has a consensus rating of Hold and a consensus price target of $196.95.

DICK’S Sporting Goods Trading Up 0.7 %

Shares of DKS traded up $1.56 during trading hours on Friday, reaching $213.04. The stock had a trading volume of 1,382,984 shares, compared to its average volume of 1,228,734. The company has a quick ratio of 0.56, a current ratio of 1.78 and a debt-to-equity ratio of 0.57. DICK’S Sporting Goods has a 52 week low of $100.98 and a 52 week high of $222.92. The firm has a 50-day moving average of $163.78 and a 200 day moving average of $135.67. The company has a market cap of $17.41 billion, a P/E ratio of 17.43, a P/E/G ratio of 3.20 and a beta of 1.55.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Thursday, March 14th. The sporting goods retailer reported $3.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.35 by $0.50. The firm had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $3.79 billion. DICK’S Sporting Goods had a return on equity of 42.99% and a net margin of 8.06%. The company’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.93 EPS. On average, sell-side analysts expect that DICK’S Sporting Goods will post 13.07 earnings per share for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Friday, March 29th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend is Wednesday, March 27th. This is a positive change from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. DICK’S Sporting Goods’s payout ratio is 32.84%.

Hedge Funds Weigh In On DICK’S Sporting Goods

Hedge funds and other institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its holdings in DICK’S Sporting Goods by 1.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 567,419 shares of the sporting goods retailer’s stock valued at $75,007,000 after buying an additional 9,728 shares during the period. BlackRock Inc. increased its stake in DICK’S Sporting Goods by 8.3% in the second quarter. BlackRock Inc. now owns 6,478,747 shares of the sporting goods retailer’s stock valued at $856,426,000 after purchasing an additional 494,939 shares in the last quarter. Amalgamated Bank increased its stake in DICK’S Sporting Goods by 20.2% in the third quarter. Amalgamated Bank now owns 47,899 shares of the sporting goods retailer’s stock valued at $5,201,000 after purchasing an additional 8,061 shares in the last quarter. Fulton Bank N.A. increased its stake in DICK’S Sporting Goods by 12.4% in the third quarter. Fulton Bank N.A. now owns 16,916 shares of the sporting goods retailer’s stock valued at $1,837,000 after purchasing an additional 1,869 shares in the last quarter. Finally, HS Management Partners LLC increased its stake in DICK’S Sporting Goods by 24.8% in the third quarter. HS Management Partners LLC now owns 1,115,268 shares of the sporting goods retailer’s stock valued at $121,096,000 after purchasing an additional 221,300 shares in the last quarter. Institutional investors and hedge funds own 68.21% of the company’s stock.

DICK’S Sporting Goods Company Profile

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.