DICK’S Sporting Goods, Inc. (NYSE:DKS) Given Consensus Recommendation of “Hold” by Analysts

Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) have been given a consensus recommendation of “Hold” by the twenty-one research firms that are presently covering the firm, MarketBeat Ratings reports. Twelve analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $143.17.

A number of research firms recently weighed in on DKS. Loop Capital lowered their target price on shares of DICK’S Sporting Goods from $135.00 to $115.00 and set a “hold” rating on the stock in a report on Wednesday, August 23rd. StockNews.com initiated coverage on shares of DICK’S Sporting Goods in a research note on Thursday, August 17th. They set a “hold” rating for the company. Bank of America cut DICK’S Sporting Goods from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $180.00 to $125.00 in a research report on Wednesday, August 23rd. JPMorgan Chase & Co. cut their price objective on DICK’S Sporting Goods from $144.00 to $128.00 and set a “neutral” rating for the company in a report on Thursday, August 24th. Finally, Stephens restated an “equal weight” rating and set a $141.00 target price on shares of DICK’S Sporting Goods in a report on Tuesday, August 22nd.

DICK’S Sporting Goods Stock Up 0.2 %

NYSE:DKS opened at $116.60 on Friday. The company has a market cap of $9.91 billion, a PE ratio of 10.35, a PEG ratio of 1.95 and a beta of 1.43. DICK’S Sporting Goods has a 52-week low of $98.01 and a 52-week high of $152.61. The stock has a 50-day simple moving average of $133.63 and a 200 day simple moving average of $135.84. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.78 and a current ratio of 1.81.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Tuesday, August 22nd. The sporting goods retailer reported $2.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.76 by ($0.94). DICK’S Sporting Goods had a net margin of 8.03% and a return on equity of 40.52%. The business had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $3.24 billion. During the same period in the prior year, the firm earned $3.68 EPS. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, sell-side analysts expect that DICK’S Sporting Goods will post 11.86 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $4.00 annualized dividend and a dividend yield of 3.43%. DICK’S Sporting Goods’s payout ratio is presently 35.49%.

Insider Buying and Selling

In other news, CFO Navdeep Gupta sold 16,321 shares of the company’s stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $136.28, for a total value of $2,224,225.88. Following the transaction, the chief financial officer now owns 97,012 shares in the company, valued at $13,220,795.36. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other DICK’S Sporting Goods news, Director Sandeep Mathrani bought 1,300 shares of the firm’s stock in a transaction on Thursday, August 24th. The stock was acquired at an average price of $113.54 per share, with a total value of $147,602.00. Following the transaction, the director now owns 6,647 shares in the company, valued at $754,700.38. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Navdeep Gupta sold 16,321 shares of the firm’s stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $136.28, for a total transaction of $2,224,225.88. Following the sale, the chief financial officer now directly owns 97,012 shares in the company, valued at approximately $13,220,795.36. The disclosure for this sale can be found here. 30.79% of the stock is currently owned by company insiders.

Institutional Trading of DICK’S Sporting Goods

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. grew its position in shares of DICK’S Sporting Goods by 12.1% during the 1st quarter. BlackRock Inc. now owns 5,983,808 shares of the sporting goods retailer’s stock valued at $849,043,000 after acquiring an additional 644,609 shares during the period. CIBC Private Wealth Group LLC increased its position in DICK’S Sporting Goods by 116.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,174,456 shares of the sporting goods retailer’s stock worth $141,275,000 after buying an additional 632,420 shares in the last quarter. Barclays PLC raised its stake in shares of DICK’S Sporting Goods by 169.4% in the second quarter. Barclays PLC now owns 238,774 shares of the sporting goods retailer’s stock worth $31,564,000 after buying an additional 583,069 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of DICK’S Sporting Goods by 1,168.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 465,279 shares of the sporting goods retailer’s stock valued at $7,918,000 after buying an additional 428,593 shares in the last quarter. Finally, Holocene Advisors LP grew its stake in shares of DICK’S Sporting Goods by 29.4% during the 2nd quarter. Holocene Advisors LP now owns 1,300,990 shares of the sporting goods retailer’s stock valued at $171,978,000 after acquiring an additional 295,239 shares during the period. Hedge funds and other institutional investors own 68.21% of the company’s stock.

About DICK’S Sporting Goods

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.