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

DICK’s Sporting Goods, Inc. (NYSE:DKS – Get Rating) has been assigned a consensus rating of “Moderate Buy” by the 23 brokers currently covering the company, reports MarketBeat Ratings. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1-year target price among brokers who have rated the stock over the past year is $139.50.

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A number of analysts have commented on DKS stock. UBS Group raised its target price on DICK’S Sporting Goods to $130.00 from $120.00 and gave the stock a neutral rating in a research report on Friday, January 6. Cowen raised his target price on DICK’S Sporting Goods from $155.00 to $166.00 in a research report on Monday, February 6. Wells Fargo & Company raised its target price on DICK’S Sporting Goods from $103.00 to $120.00 in a research report on Wednesday, November 23. DA Davidson raised his target price on DICK’S Sporting Goods from $130.00 to $136.00 in a research report on Wednesday, November 23. Finally, Robert W. Baird increased his target price on DICK’S Sporting Goods from $115.00 to $120.00 in a research note on Tuesday, November 22nd.

DICK’S sporting goods retail increased by 0.5%

NYSE:DKS shares opened at $129.88 on Tuesday. The company has a market cap of $10.29 billion, a P/E of 11.46, a PEG ratio of 2.16 and a beta of 1.40. The company has a gearing ratio of 0.69, a current ratio of 1.81 and a quick ratio of 0.59. DICK’S Sporting Goods has a 1 year low of $63.45 and a 1 year high of $138.43. The stock’s 50-day moving average price is $123.08 and its 200-day moving average price is $114.38.

DICK’S Sporting Goods (NYSE:DKS – Get Rating) last announced its quarterly results on Tuesday, November 22nd. The sporting goods retailer reported earnings per share (EPS) of $2.60 for the quarter, beating analysts’ consensus estimate of $2.24 by $0.36. The company had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.70 billion. DICK’S Sporting Goods had a return on equity of 52.43% and a net margin of 9.52%. Sell-side analysts expect DICK’S Sporting Goods to report year-to-date earnings per share of 11.96.

DICK’S Sporting Goods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Friday, December 9 received a dividend of $0.488. That equates to an annualized dividend of $1.95 and a dividend yield of 1.50%. The ex-dividend date was Thursday 8th December. DICK’S Sporting Goods payout percentage is 17.21%.

insider activity

In other news, EVP Vladimir Rak sold 29,144 shares of the company in a transaction that took place on Wednesday, December 21st. The stock sold at an average price of $112.43 for a total value of $3,276,659.92. Upon completion of the sale, the Executive Vice President now directly owns 48,260 shares of the Company, valued at approximately $5,425,871.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC’s website. In other news, EVP Vladimir Rak sold 29,144 shares of the stock in a transaction that took place on Wednesday, December 21st. The stock sold at an average price of $112.43 for a total value of $3,276,659.92. Following the sale, the Executive Vice President now directly owns 48,260 shares of the Company, valued at $5,425,871.80. The sale was disclosed in a document filed with the SEC, available at this link. In addition, SVP John Edward Hayes III sold 1,000 shares of the stock in a transaction that took place on Friday, December 9th. The stock sold at an average price of $120.57 for a total value of $120,570.00. Upon completion of the sale, the senior vice president now owns 26,231 shares of the company, valued at $3,162,671.67. The disclosure for this sale can be found here. Insiders sold 39,283 shares of the company’s stock valued at $4,475,632 over the past ninety days. Insiders own 32.83% of the company’s shares.

Institutional investors rely on sporting goods from DICK

Several hedge funds and other institutional investors recently changed their holdings in the company. Balyasny Asset Management LLC increased its stake in DICK’S Sporting Goods by 6,908.1% in the third quarter. Balyasny Asset Management LLC now owns 1,244,493 shares of the sporting goods retailer valued at $130,224,000 after purchasing an additional 1,226,735 shares during the period. Renaissance Technologies LLC increased its stake in DICK’S Sporting Goods by 1,226.2% during the second quarter. Renaissance Technologies LLC now owns 1,209,479 shares of the sporting goods retailer valued at $91,158,000 after purchasing an additional 1,118,279 shares during the period. Samlyn Capital LLC increased its stake in DICK’S Sporting Goods by 179.0% during the third quarter. Samlyn Capital LLC now owns 1,179,258 shares of the sporting goods retailer valued at $123,397,000 after purchasing an additional 756,539 shares during the period. CIBC Private Wealth Group LLC increased its holding 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 valued at $141,275,000 after purchasing an additional 632,420 shares during the period. Finally, Geode Capital Management LLC increased its holding in DICK’S Sporting Goods by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 881,663 shares of the sporting goods retailer’s stock valued at $106,366,000 after purchasing an additional 6,374 shares during the period. 75.08% of the shares are currently owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Company Profile

(received rating)

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

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