DICK’S Sporting Goods (NYSE:DKS) Price Target Raised to $211.00 at JPMorgan Chase & Co.

DICK’S Sporting Goods (NYSE:DKSFree Report) had its price objective raised by JPMorgan Chase & Co. from $197.00 to $211.00 in a research report report published on Thursday, Benzinga reports. The brokerage currently has a neutral rating on the sporting goods retailer’s stock.

DKS has been the topic of several other reports. UBS Group upped their price target on DICK’S Sporting Goods from $215.00 to $220.00 and gave the company a neutral rating in a research report on Thursday. The Goldman Sachs Group raised their price target on shares of DICK’S Sporting Goods from $157.00 to $247.00 and gave the stock a buy rating in a report on Friday, March 15th. Telsey Advisory Group reiterated an outperform rating and issued a $245.00 price objective on shares of DICK’S Sporting Goods in a research note on Wednesday. Gordon Haskett lifted their target price on shares of DICK’S Sporting Goods from $190.00 to $260.00 and gave the company a buy rating in a research note on Monday, April 8th. Finally, Oppenheimer upped their price target on shares of DICK’S Sporting Goods from $240.00 to $270.00 and gave the stock an outperform rating in a research note on Thursday. Eleven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $237.09.

Get Our Latest Stock Report on DICK’S Sporting Goods

DICK’S Sporting Goods Price Performance

NYSE DKS opened at $224.16 on Thursday. The company has a current ratio of 1.71, a quick ratio of 0.74 and a debt-to-equity ratio of 0.55. DICK’S Sporting Goods has a 1 year low of $100.98 and a 1 year high of $229.56. The company has a market cap of $18.48 billion, a PE ratio of 18.56, a PEG ratio of 2.73 and a beta of 1.61. The stock’s 50-day moving average price is $204.14 and its two-hundred day moving average price is $171.23.

DICK’S Sporting Goods (NYSE:DKSGet Free Report) last released its quarterly earnings results on Wednesday, May 29th. The sporting goods retailer reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.94 by $0.36. DICK’S Sporting Goods had a net margin of 7.73% and a return on equity of 41.80%. The business had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the previous year, the business earned $3.40 earnings per share. The firm’s revenue was up 6.2% compared to the same quarter last year. On average, analysts predict that DICK’S Sporting Goods will post 13.41 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Friday, June 14th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 36.42%.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, major shareholder William Colombo Trustee U/A Dt acquired 40,000 shares of DICK’S Sporting Goods stock in a transaction dated Friday, March 15th. The stock was bought at an average cost of $213.93 per share, with a total value of $8,557,200.00. Following the completion of the transaction, the insider now owns 8,818,615 shares of the company’s stock, valued at $1,886,566,306.95. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other DICK’S Sporting Goods news, Chairman Edward W. Stack sold 151,210 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $220.93, for a total value of $33,406,825.30. Following the completion of the transaction, the chairman now owns 10,899,110 shares of the company’s stock, valued at approximately $2,407,940,372.30. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder William Colombo Trustee U/A Dt acquired 40,000 shares of DICK’S Sporting Goods stock in a transaction on Friday, March 15th. The stock was purchased at an average price of $213.93 per share, with a total value of $8,557,200.00. Following the transaction, the insider now directly owns 8,818,615 shares in the company, valued at approximately $1,886,566,306.95. The disclosure for this purchase can be found here. Insiders have sold a total of 209,763 shares of company stock valued at $46,483,438 in the last three months. Company insiders own 32.03% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. V Square Quantitative Management LLC bought a new position in DICK’S Sporting Goods during the first quarter worth about $25,000. Covestor Ltd grew its position in DICK’S Sporting Goods by 70.5% in the first quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer’s stock valued at $30,000 after acquiring an additional 55 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in DICK’S Sporting Goods by 280.0% during the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 190 shares of the sporting goods retailer’s stock worth $28,000 after acquiring an additional 140 shares in the last quarter. Rise Advisors LLC lifted its holdings in shares of DICK’S Sporting Goods by 163.9% during the first quarter. Rise Advisors LLC now owns 256 shares of the sporting goods retailer’s stock valued at $57,000 after acquiring an additional 159 shares during the period. Finally, Blue Trust Inc. boosted its stake in shares of DICK’S Sporting Goods by 236.8% in the 4th quarter. Blue Trust Inc. now owns 293 shares of the sporting goods retailer’s stock valued at $43,000 after purchasing an additional 206 shares in the last quarter. 89.83% of the stock is owned by institutional investors.

About DICK’S Sporting Goods

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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.

Further Reading

Analyst Recommendations for DICK'S Sporting Goods (NYSE:DKS)

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