Analysts give DICK’S Sporting Goods, Inc. (NYSE:DKS) a “Moderate Buy” rating.
According to Bloomberg Ratings, the 23 brokers covering Dick’s Sporting Goods, Inc. (NYSE:DKS) have given the company a consensus rating of “Moderate Buy.” This rating comes from the ratings of the company by the brokers. This rating was created by combining the results of brokers’ individual company analyses. Twelve financial analysts have assigned a buy rating to the company while only three have given a hold rating to the stock. The average one-year target price set by brokers who rated the stock over the prior year is $139.50. This price target was set for the stock.
In a recent comment, several financial analysts shared their thoughts on DKS stock. UBS Group upgraded Dick’s Sporting Goods to an “overweight” rating from a “neutral” rating and raised its price target on the stock to $130.00 from $120.00 in a research report published on Friday, January 6 . The report was published on the Internet. Cowen raised his price target on Dick’s Sporting Goods to $166.00 from $155.00 in a research note published Feb. 6. Wells Fargo & Company said in a research note published on Nov. 23 that they were increasing their target price on Dick’s Sporting Goods from $103.00 to $120.00. DA Davidson announced his decision to raise the price target for Dick’s Sporting Goods from $130.00 to $136.00 in a research report published Nov. 23. Robert W. Baird publicly increased the price target for Dick’s Sporting Goods from $115.00 to $120.00 in a conducted research study on November 22nd. The company was the subject of the report that was written.
DKS was first tradable on Tuesday at $129.88. The company’s price-to-earnings ratio is 11.46 and its market value is currently near $10.29 billion. The PEG ratio of this substance is 1.40 while its beta value is 2.16. The PEG ratio of this substance is 2.16. There is a debt to equity ratio of 0.69, the quick ratio is 0.59, the current ratio is 1.81 and the quick ratio is 0.59. The ratios for all three categories are on the low side. Over the past year, the price of DICK’S Sporting Goods fluctuated between $63.45 and $138.43, reaching a low of $63.45 and a high of $138.43 respectively. The 50-day moving average price of the stock is $123.08; It has traded at $114.38 for the past 200 days.
On Tuesday, November 22, Dick’s Sporting Goods (NYSE:DKS) shared the results of its most recent quarterly financial report with the investment community. The athletic equipment and supplies retailer reported earnings per share of $2.60 for the quarter, up $0.36 from the consensus estimate of $2.24 among industry experts. The company’s quarterly revenue was $2.96 billion, well ahead of guidance provided, which averaged $2.70 billion for the company’s revenue. Return on equity for Dick’s Sporting Goods was 52.43% and the company’s net margin was 9.52%. Sell-side analysts expect Dick’s Sporting Goods to post earnings of 11.96 cents per share this year.
In addition, the company announced a quarterly dividend, which was paid on Friday, December 30th as a Christmas present to shareholders. On Friday, December 9th, a dividend payment of $0.488 was made to shareholders who had registered holders the previous business day. This payment was made to shareholders who held their shares on the previous business day. This equates to a dividend yield of 1.50% and a dividend payment to the shareholder of $1.95 per year. The day on which the dividend was due to be paid to shareholders was last Thursday, December 8th. Dick’s Sporting Goods keeps its payout ratio steady at 17.21%.
In other related news: On December 21, Executive Vice President Vladimir Rak completed the transaction to sell 29,144 shares of the company. Shares were bought and sold for a total of $3,276,659.92 with an average price per share of $112.43. This led to an accumulation of cash. Following the successful completion of the sale, the Executive Vice President now directly owns 48,260 shares of the company. The total value of these shares is approximately $5,425,871.80. The SEC’s filings regarding the transaction, which is currently available, can be accessed at the Securities and Exchange Commission’s (SEC) website. Other news on this topic: On December 21, Executive Vice President Vladimir Rak completed the sale of 29,144 shares of the company. Shares were bought and sold for a total of $3,276,659.92 with an average price per share of $112.43. This led to an accumulation of cash. As a result of the completion of the sale, the Executive Vice President now has direct control of a total of 48,260 shares of the Company, having an aggregate value of $5,425,871.80. Following this link will take you to an SEC filed with additional information about the sale. In addition, on Friday, December 9, Senior Vice President John Edward Hayes III sold 1,000 shares of the company’s stock. If the total number of shares sold is divided by the total number of shares sold, the price per share is $120.57. As a result of the completed sale, the senior vice president now owns 26,231 shares for a total value of $3,162,671.67. The disclosure of the purchase can be found at this specific location. Over the past three months and one week, company insiders have sold 39,283 shares, resulting in total sales of $4,475,632. 32. Together, the company’s insiders own 83% of its total shares.
Recent events have caused several institutional investors and hedge funds to adjust the percentage of shares they hold in the company. During the third quarter, the investment portfolio managed by Balyasny Asset Management LLC increased its stake in Dick’s Sporting Goods by 6,908.1%. The sporting goods retailer’s shares are currently valued at $130,224 and Balyasny Asset Management LLC has 1,244,493 shares. This follows from the purchase of an additional 1,226,735 shares throughout the period. During the second quarter, Renaissance Technologies LLC saw an increase in its ownership of Dick’s Sporting Goods stock, equaling 1,226.2%. Renaissance Technologies LLC now owns 1,209,479 shares of the sporting goods retailer, valued at $91,158,000. This is because the company bought 1,118,279 shares of the retailer during the period in question. The stake in Dick’s Sporting Goods owned by Samlyn Capital LLC rose 179.0% in the third quarter of this year. Samlyn Capital LLC now owns a total of 1,179,258 shares of the sporting goods retailer, which is valued at $123,397,000 after purchasing an additional 756,539 shares during the period in question. This gives the company’s stock a market value of $1. CIBC Private Wealth Group LLC achieved a 116.7% increase in the size of its holding in Dick’s Sporting Goods in the fourth quarter. CIBC Private Wealth Group LLC now holds 1,174,456 shares of the sporting goods retailer, valued at $141,275,000 after purchasing an additional 632,420 shares during the period. These shares were purchased during the period in question. Finally, in the last three months of 2018, Geode Capital Management LLC increased its holdings in Dick’s Sporting Goods by 0.7%. Following an additional purchase of 6,374 shares during the relevant period, Geode Capital Management LLC now owns a total of 881,663 shares of the sporting goods retailer, valued at $106,366,000. These shares were acquired in the above period. Currently, institutional investors and hedge funds own 75.08 percent of the total number of shares issued by the company.