DICK’S Sporting Goods (NYSE:DKS) Price Target Raised to $157.00 at Stifel Nicolaus

DICK’S Sporting Goods (NYSE:DKS – Get Rating) had its price objective increased by Stifel Nicolaus from $112.00 to $157.00 in a research note published on Wednesday, The Fly reports. Stifel Nicolaus currently has a hold rating on the sporting goods retailer’s stock.

DKS has been the subject of several other reports. The Goldman Sachs Group raised their target price on DICK’S Sporting Goods from $125.00 to $129.00 and gave the stock a buy rating in a research report on Monday, November 28th. UBS Group raised their target price on DICK’S Sporting Goods from $120.00 to $130.00 and gave the stock a neutral rating in a research report on Friday, January 6th. Loop Capital initiated coverage on DICK’S Sporting Goods in a research report on Wednesday, February 15th. They issued a hold rating and a $130.00 target price for the company. Gordon Haskett raised their target price on DICK’S Sporting Goods from $135.00 to $170.00 in a research report on Tuesday. Finally, Wells Fargo & Company raised their target price on DICK’S Sporting Goods from $103.00 to $120.00 in a research report on Wednesday, November 23rd. Ten equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $155.52.

DICK’S Sporting Goods Trading Up 2.0 %

Shares of DICK’S Sporting Goods stock opened at $149.73 on Wednesday. The company’s fifty day simple moving average is $128.97 and its 200-day simple moving average is $117.78. The company has a market cap of $11.86 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 2.21 and a beta of 1.41. The company has a current ratio of 1.81, a quick ratio of 0.59 and a debt-to-equity ratio of 0.69. DICK’S Sporting Goods has a 1 year low of $63.45 and a 1 year high of $150.18.

DICK’S Sporting Goods (NYSE:DKS – Get Rating) last announced its quarterly earnings data on Tuesday, March 7th. The sporting goods retailer reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.07. The business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.45 billion. DICK’S Sporting Goods had a net margin of 9.52% and a return on equity of 52.43%. DICK’S Sporting Goods’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the company posted $3.64 earnings per share. As a group, sell-side analysts expect that DICK’S Sporting Goods will post 11.95 EPS for the current year.

DICK’S Sporting Goods Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 17th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.67%. This is a positive change from DICK’S Sporting Goods’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, March 16th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 17.21%.

Insider Buying and Selling

In related news, SVP John Edward Hayes III sold 1,000 shares of DICK’S Sporting Goods stock in a transaction dated Friday, December 9th. The stock was sold at an average price of $120.57, for a total value of $120,570.00. Following the completion of the sale, the senior vice president now directly owns 26,231 shares in the company, valued at $3,162,671.67. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Vladimir Rak sold 29,144 shares of DICK’S Sporting Goods stock in a transaction dated Wednesday, December 21st. The stock was sold at an average price of $112.43, for a total value of $3,276,659.92. Following the completion of the sale, the executive vice president now directly owns 48,260 shares in the company, valued at $5,425,871.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP John Edward Hayes III sold 1,000 shares of the business’s stock in a transaction dated Friday, December 9th. The stock was sold at an average price of $120.57, for a total value of $120,570.00. Following the transaction, the senior vice president now owns 26,231 shares of the company’s stock, valued at $3,162,671.67. The disclosure for this sale can be found here. Corporate insiders own 32.83% of the company’s stock.

Hedge Funds Weigh In On DICK’S Sporting Goods

Institutional investors have recently modified their holdings of the stock. Heritage Wealth Management LLC grew its position in shares of DICK’S Sporting Goods by 100.0% during the 4th quarter. Heritage Wealth Management LLC now owns 216 shares of the sporting goods retailer’s stock worth $26,000 after buying an additional 108 shares during the period. CoreCap Advisors LLC acquired a new position in shares of DICK’S Sporting Goods during the 4th quarter worth about $39,000. B. Riley Wealth Management Inc. acquired a new position in shares of DICK’S Sporting Goods during the 2nd quarter worth about $20,734,000. Godsey & Gibb Inc. acquired a new position in shares of DICK’S Sporting Goods during the 4th quarter worth about $60,000. Finally, Ronald Blue Trust Inc. grew its position in shares of DICK’S Sporting Goods by 761.9% during the 4th quarter. Ronald Blue Trust Inc. now owns 543 shares of the sporting goods retailer’s stock worth $57,000 after buying an additional 480 shares during the period. 75.08% of the stock is currently owned by institutional investors and hedge funds.

DICK’S Sporting Goods Company Profile

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Dick’s Sporting Goods, Inc engages in the retail of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories through a blend of associates, in-store services, and unique specialty shop-in-shops. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.