DICK’S Sporting Goods, Inc. (NYSE:DKS) Receives Average Recommendation of “Moderate Buy” from Analysts

DICK’S Sporting Goods, Inc. (NYSE:DKS) has been assigned a consensus recommendation of “Moderate Buy” from the nineteen analysts that are currently covering the firm, MarketBeat reports. Eight research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $244.72.

DKS has been the subject of a number of research reports. Stifel Nicolaus lowered their price target on DICK’S Sporting Goods from $226.00 to $192.00 and set a “hold” rating for the company in a research report on Thursday, April 10th. Guggenheim reiterated a “neutral” rating on shares of DICK’S Sporting Goods in a report on Wednesday, March 12th. Robert W. Baird cut their price target on shares of DICK’S Sporting Goods from $235.00 to $230.00 and set a “neutral” rating on the stock in a report on Wednesday, March 12th. Wedbush reiterated a “neutral” rating and set a $215.00 price objective on shares of DICK’S Sporting Goods in a research note on Wednesday, March 12th. Finally, Truist Financial set a $245.00 target price on shares of DICK’S Sporting Goods in a research note on Tuesday, March 11th.

DICK’S Sporting Goods Stock Performance

NYSE DKS opened at $184.37 on Thursday. The business’s 50-day moving average price is $201.68 and its 200 day moving average price is $213.06. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. DICK’S Sporting Goods has a twelve month low of $166.37 and a twelve month high of $254.60. The company has a market capitalization of $14.72 billion, a PE ratio of 13.18, a price-to-earnings-growth ratio of 2.47 and a beta of 1.32.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share for the quarter, topping the consensus estimate of $3.47 by $0.15. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The business had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same period in the prior year, the firm posted $3.85 EPS. The company’s revenue was up .5% on a year-over-year basis. On average, research analysts predict that DICK’S Sporting Goods will post 13.89 earnings per share for the current year.

DICK’S Sporting Goods Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were issued a $1.2125 dividend. The ex-dividend date of this dividend was Friday, March 28th. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. This represents a $4.85 annualized dividend and a yield of 2.63%. DICK’S Sporting Goods’s dividend payout ratio is currently 34.54%.

DICK’S Sporting Goods declared that its Board of Directors has authorized a stock buyback program on Tuesday, March 11th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the sporting goods retailer to purchase up to 18.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Institutional Investors Weigh In On DICK’S Sporting Goods

Hedge funds and other institutional investors have recently modified their holdings of the stock. World Investment Advisors LLC bought a new stake in DICK’S Sporting Goods in the third quarter valued at about $211,000. Wilmington Savings Fund Society FSB acquired a new position in shares of DICK’S Sporting Goods in the 3rd quarter worth approximately $140,000. Tidal Investments LLC increased its holdings in shares of DICK’S Sporting Goods by 47.3% in the 3rd quarter. Tidal Investments LLC now owns 7,597 shares of the sporting goods retailer’s stock valued at $1,585,000 after acquiring an additional 2,441 shares during the last quarter. Retirement Systems of Alabama raised its position in shares of DICK’S Sporting Goods by 13.3% during the 3rd quarter. Retirement Systems of Alabama now owns 126,800 shares of the sporting goods retailer’s stock valued at $26,463,000 after acquiring an additional 14,934 shares in the last quarter. Finally, Everence Capital Management Inc. bought a new position in DICK’S Sporting Goods during the fourth quarter worth $350,000. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Company Profile

Dick’s Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.