Analysts Set DICK’S Sporting Goods, Inc. (NYSE:DKS) Price Target at $244.95

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

Several analysts have issued reports on DKS shares. Robert W. Baird restated a “neutral” rating and set a $235.00 price objective on shares of DICK’S Sporting Goods in a research note on Wednesday, August 28th. Wedbush reaffirmed a “neutral” rating and issued a $215.00 price objective (down previously from $250.00) on shares of DICK’S Sporting Goods in a report on Wednesday, November 27th. Bank of America increased their target price on shares of DICK’S Sporting Goods from $240.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. Truist Financial lifted their price target on shares of DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, Barclays increased their price objective on shares of DICK’S Sporting Goods from $247.00 to $254.00 and gave the stock an “overweight” rating in a research note on Thursday, September 5th.

DICK’S Sporting Goods Trading Up 0.5 %

NYSE:DKS opened at $218.76 on Friday. The stock has a market cap of $17.82 billion, a price-to-earnings ratio of 15.64, a price-to-earnings-growth ratio of 2.52 and a beta of 1.61. DICK’S Sporting Goods has a one year low of $137.06 and a one year high of $239.30. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. The business’s 50-day simple moving average is $208.03 and its 200 day simple moving average is $212.35.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 8.65% and a return on equity of 42.00%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the company posted $2.85 earnings per share. As a group, sell-side analysts predict that DICK’S Sporting Goods will post 13.88 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a dividend of $1.10 per share. The ex-dividend date is Friday, December 13th. This represents a $4.40 annualized dividend and a dividend yield of 2.01%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 31.45%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Brooklyn Investment Group purchased a new stake in shares of DICK’S Sporting Goods in the 3rd quarter valued at approximately $27,000. ICA Group Wealth Management LLC purchased a new stake in shares of DICK’S Sporting Goods in the second quarter valued at $28,000. ORG Wealth Partners LLC acquired a new stake in shares of DICK’S Sporting Goods in the third quarter worth $30,000. Innealta Capital LLC purchased a new position in shares of DICK’S Sporting Goods during the second quarter valued at $31,000. Finally, True Wealth Design LLC raised its position in DICK’S Sporting Goods by 2,900.0% during the third quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer’s stock valued at $31,000 after buying an additional 145 shares during the period. 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.