DICK’S Sporting Goods (NYSE:DKS) Stock Rating Upgraded by UBS Group

UBS Group upgraded shares of DICK’S Sporting Goods (NYSE:DKS) from a neutral rating to a buy rating in a research report report published on Wednesday morning, MarketBeat.com reports. UBS Group currently has $260.00 price objective on the sporting goods retailer’s stock, up from their prior price objective of $225.00.

A number of other research analysts have also recently commented on the company. Loop Capital upped their price objective on DICK’S Sporting Goods from $200.00 to $220.00 and gave the company a “hold” rating in a report on Thursday, September 5th. Telsey Advisory Group reissued an “outperform” rating and issued a $260.00 price target on shares of DICK’S Sporting Goods in a research report on Tuesday, November 26th. Citigroup reduced their price objective on DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Evercore ISI reiterated an “outperform” rating and issued a $280.00 price objective on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Finally, Wedbush reaffirmed a “neutral” rating and set a $250.00 price objective on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $244.95.

DICK’S Sporting Goods Trading Down 3.0 %

DKS opened at $207.24 on Wednesday. The firm has a market cap of $16.87 billion, a price-to-earnings ratio of 14.81, a PEG ratio of 2.43 and a beta of 1.64. The company has a current ratio of 1.72, a quick ratio of 0.69 and a debt-to-equity ratio of 0.48. The stock has a fifty day moving average price of $205.65 and a 200-day moving average price of $210.77. DICK’S Sporting Goods has a 12 month low of $126.24 and a 12 month high of $239.30.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.07. The firm had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.03 billion. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The company’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the business posted $2.85 earnings per share. As a group, equities research analysts anticipate that DICK’S Sporting Goods will post 13.88 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio is currently 31.45%.

Hedge Funds Weigh In On DICK’S Sporting Goods

Several institutional investors and hedge funds have recently modified their holdings of DKS. Renaissance Technologies LLC lifted its holdings in shares of DICK’S Sporting Goods by 51.4% during the second quarter. Renaissance Technologies LLC now owns 1,106,341 shares of the sporting goods retailer’s stock worth $237,697,000 after purchasing an additional 375,600 shares during the period. Holocene Advisors LP bought a new stake in DICK’S Sporting Goods in the 3rd quarter valued at about $70,562,000. KBC Group NV lifted its stake in shares of DICK’S Sporting Goods by 887.3% in the third quarter. KBC Group NV now owns 250,374 shares of the sporting goods retailer’s stock valued at $52,253,000 after buying an additional 225,015 shares in the last quarter. International Assets Investment Management LLC boosted its stake in DICK’S Sporting Goods by 19,851.3% during the 3rd quarter. International Assets Investment Management LLC now owns 208,491 shares of the sporting goods retailer’s stock valued at $43,512,000 after purchasing an additional 207,446 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in DICK’S Sporting Goods by 1,718.2% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 200,000 shares of the sporting goods retailer’s stock valued at $41,740,000 after acquiring an additional 189,000 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

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.