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

DICK’S Sporting Goods, Inc. (NYSE:DKS – Get Rating) shares have received an average recommendation of “Moderate Buy” from the twenty rating agencies currently covering the stock, reports Marketbeat Ratings. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year target price set by analysts covering the stock over the last year is $116.47.

A number of brokerage houses have recently issued reports on DKS. UBS Group lowered its target price on DICK’S Sporting Goods to $85.00 in a report on Thursday, May 26. Bank of America raised its target price on DICK’S Sporting Goods to $125.00 from $105.00 and gave the company a “buy” rating in a research note on Friday. OTR Global upgraded DICK’S Sporting Goods from a “mixed” rating to a “positive” rating in a research note on Wednesday, August 17. Telsey Advisory Group raised its target price on DICK’S Sporting Goods from $110.00 to $125.00 and gave the company an outperform rating in a research note on Friday. Finally, Robert W. Baird lowered his target price on DICK’S Sporting Goods to $85.00 from $115.00 and gave the company a neutral rating in a research note on Wednesday, May 25.

DICK’S sporting goods retail down 0.6%

NYSE:DKS shares opened at $110.37 on Tuesday. DICK’S Sporting Goods has a 12-month low of $63.45 and a 12-month high of $147.39. The stock has a market cap of $8.89 billion, a P/E of 8.53, a P/E of 2.06, and a beta of 1.63. The company has a 50-day moving average of $89.86 and a 200-day moving average of $95.77. The company has a quick ratio of 0.87, a current ratio of 1.88 and a debt to equity ratio of 0.89.

DICK’S Sporting Goods (NYSE:DKS – Get Rating) last issued its quarterly earnings data on Wednesday, May 25th. The sporting goods retailer reported earnings per share (EPS) of $2.85 for the quarter, beating analyst consensus estimates of $2.43 by $0.42. DICK’S Sporting Goods had a return on equity of 58.42% and a net margin of 11.75%. The company made $2.70 billion in revenue for the quarter, compared to analysts’ expectations of $2.63 billion. In the same quarter last year, the company posted earnings per share of $3.79. The company’s revenue fell 7.5% year over year. As a group, equity analysts are forecasting that DICK’s Sporting Goods will report year-to-date earnings per share of 10.78.

Insider Transactions at DICK’S Sporting Goods

Also on Thursday, May 26, SVP John Edward Hayes III sold 1,200 shares of the company’s shares in a transaction. The shares sold at an average price of $84.57 for a total transaction of $101,484.00. Following the closing of the transaction, the senior vice president now directly owns 34,231 shares of the company, valued at $2,894,915.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed at this link. In related news, SVP John Edward Hayes III sold 1,200 shares of the stock in one transaction on Thursday, May 26. The stock sold at an average price of $84.57 for a total value of $101,484.00. Upon completion of the sale, the senior vice president now directly owns 34,231 shares of the company, valued at $2,894,915.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC’s website. In addition, Director William J. Colombo purchased 5,000 shares of the company in a transaction that took place on Tuesday, May 31st. The stock was purchased at an average price of $80.99 per share for a total value of $404,950.00. Upon completion of the acquisition, the Director now directly owns 162,003 shares of the Company, valued at $13,120,622.97. The disclosure for this purchase can be found here. Company insiders own 32.83% of the company’s shares.

Institutional trade in DICK’S sporting goods

A number of institutional investors have recently bought and sold shares in the company. Fifth Third Bancorp increased its position in DICK’S Sporting Goods by 62.0% in the first quarter. Fifth Third Bancorp now owns 264 shares of the $26,000 sporting goods retailer after purchasing an additional 101 shares last quarter. Hennion & Walsh Asset Management Inc. increased its position in shares of DICK’S Sporting Goods by 1.6% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 7,246 shares of the sporting goods retailer, valued at $546,000, after buying another 113 shares last quarter. Centric Wealth Management increased its position in DICK’S Sporting Goods by 0.6% during the first quarter. Centric Wealth Management now owns 21,520 shares of the sporting goods retailer, valued at $2,152,000, after buying another 127 shares last quarter. CPR Investments Inc. increased its position in shares of DICK’S Sporting Goods by 2.6% during the first quarter. CPR Investments Inc. now owns 5,318 shares of the sporting goods retailer, valued at $532,000, after purchasing an additional 136 shares last quarter. Finally, First Citizens Bank & Trust Co. increased its position in shares of DICK’S Sporting Goods by 3.8% during the first quarter. First Citizens Bank & Trust Co. now owns 4,013 shares of the sporting goods retailer, valued at $401,000, after buying another 146 shares last quarter. Institutional investors own 78.92% of the company’s shares.

About DICK’S sporting goods

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DICK’S Sporting Goods, Inc, along with its subsidiaries, operates as a sporting goods retailer primarily in the eastern United States. The Company offers hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; Clothing; and shoes and accessories.

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