Telsey Advisory Group Reiterates Outperform Rating for DICK’S Sporting Goods (NYSE:DKS)

Telsey Advisory Group reiterated their outperform rating on shares of DICK’S Sporting Goods (NYSE:DKS) in a report released on Tuesday morning,Benzinga reports. They currently have a $260.00 price objective on the sporting goods retailer’s stock.

DKS has been the subject of several other reports. Citigroup cut their price objective on DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. JPMorgan Chase & Co. boosted their price objective on DICK’S Sporting Goods from $211.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. DA Davidson reaffirmed a “buy” rating and issued a $265.00 target price on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Barclays boosted their price target on shares of DICK’S Sporting Goods from $247.00 to $254.00 and gave the company an “overweight” rating in a research report on Thursday, September 5th. Finally, UBS Group raised their price objective on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $244.62.

DICK’S Sporting Goods Stock Down 1.4 %

Shares of DKS opened at $212.28 on Tuesday. The company has a quick ratio of 0.69, a current ratio of 1.77 and a debt-to-equity ratio of 0.51. DICK’S Sporting Goods has a 52 week low of $119.84 and a 52 week high of $239.30. The stock’s 50-day moving average price is $205.78 and its 200-day moving average price is $210.53. The company has a market capitalization of $17.28 billion, a price-to-earnings ratio of 15.57, a PEG ratio of 2.39 and a beta of 1.64.

DICK’S Sporting Goods (NYSE:DKS) last posted its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.68 by $0.07. The firm had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.03 billion. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The company’s quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the firm earned $2.85 EPS. On average, sell-side analysts predict that DICK’S Sporting Goods will post 13.88 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were given a dividend of $1.10 per share. The ex-dividend date was Friday, September 20th. This represents a $4.40 annualized dividend and a dividend yield of 2.07%. DICK’S Sporting Goods’s dividend payout ratio is presently 32.28%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DKS. ORG Partners LLC boosted its holdings in DICK’S Sporting Goods by 37.0% in the third quarter. ORG Partners LLC now owns 200 shares of the sporting goods retailer’s stock valued at $42,000 after purchasing an additional 54 shares during the period. CIBC Asset Management Inc raised its position in DICK’S Sporting Goods by 1.7% in the 3rd quarter. CIBC Asset Management Inc now owns 3,232 shares of the sporting goods retailer’s stock valued at $675,000 after purchasing an additional 54 shares in the last quarter. Quent Capital LLC boosted its stake in shares of DICK’S Sporting Goods by 0.6% in the 2nd quarter. Quent Capital LLC now owns 9,752 shares of the sporting goods retailer’s stock valued at $2,095,000 after buying an additional 57 shares during the period. Vista Capital Partners Inc. grew its position in shares of DICK’S Sporting Goods by 5.7% during the second quarter. Vista Capital Partners Inc. now owns 1,057 shares of the sporting goods retailer’s stock worth $227,000 after buying an additional 57 shares in the last quarter. Finally, Range Financial Group LLC increased its stake in shares of DICK’S Sporting Goods by 0.8% during the second quarter. Range Financial Group LLC now owns 9,386 shares of the sporting goods retailer’s stock worth $2,017,000 after buying an additional 75 shares during the period. Hedge funds and other institutional investors own 89.83% of the company’s stock.

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.