Brokerages Set DICK’S Sporting Goods, Inc. (NYSE:DKS) Target Price at $244.62

Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) have earned an average rating of “Moderate Buy” from the twenty-one research firms that are presently covering the firm, Marketbeat reports. Eight investment analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $244.95.

Several research analysts have recently issued reports on DKS shares. Robert W. Baird restated a “neutral” rating and issued a $235.00 price objective on shares of DICK’S Sporting Goods in a research note on Wednesday, August 28th. TD Cowen boosted their price objective on DICK’S Sporting Goods from $266.00 to $270.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Wedbush reaffirmed a “neutral” rating and set a $215.00 target price (down from $250.00) on shares of DICK’S Sporting Goods in a report on Wednesday. Wells Fargo & Company lowered their price objective on DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating on the stock in a research report on Monday, August 12th. Finally, Truist Financial boosted their target price on shares of DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a research note on Wednesday.

Hedge Funds Weigh In On DICK’S Sporting Goods

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

DICK’S Sporting Goods Stock Up 0.7 %

DICK’S Sporting Goods stock opened at $213.70 on Monday. The business has a fifty day moving average price of $205.76 and a 200-day moving average price of $210.64. DICK’S Sporting Goods has a 1-year low of $120.39 and a 1-year high of $239.30. The stock has a market capitalization of $17.40 billion, a price-to-earnings ratio of 15.68, a PEG ratio of 2.45 and a beta of 1.64. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 0.69.

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

DICK’S Sporting Goods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a dividend of $1.10 per share. The ex-dividend date is Friday, December 13th. This represents a $4.40 annualized dividend and a yield of 2.06%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 32.28%.

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.