Argus Increases DICK'S Sporting Goods (NYSE:DKS) Price Target to $280.00

DICK'S Sporting Goods (NYSE:DKS - Free Report) had its price target increased by Argus from $255.00 to $280.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have a buy rating on the sporting goods retailer's stock.

DKS has been the subject of a number of other research reports. Morgan Stanley boosted their price target on DICK'S Sporting Goods from $245.00 to $255.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. Telsey Advisory Group restated an "outperform" rating and issued a $260.00 target price on shares of DICK'S Sporting Goods in a research note on Tuesday, November 26th. Truist Financial upped their price objective on DICK'S Sporting Goods from $256.00 to $258.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. UBS Group raised shares of DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and lifted their price target for the company from $225.00 to $260.00 in a report on Wednesday, November 27th. Finally, Loop Capital increased their price target on shares of DICK'S Sporting Goods from $220.00 to $225.00 and gave the company a "hold" rating in a research note on Wednesday, November 27th. Eight analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $248.09.

DICK'S Sporting Goods Stock Performance

Shares of NYSE DKS traded down $3.71 during midday trading on Wednesday, hitting $245.52. 857,602 shares of the company's stock were exchanged, compared to its average volume of 1,109,261. The stock's 50 day moving average price is $223.65 and its 200-day moving average price is $215.44. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. The firm has a market cap of $20.00 billion, a P/E ratio of 17.55, a PEG ratio of 2.69 and a beta of 1.58. DICK'S Sporting Goods has a twelve month low of $148.95 and a twelve month high of $254.60.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, topping the consensus estimate of $2.68 by $0.07. DICK'S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The firm had revenue of $3.06 billion for the quarter, compared to analysts' expectations of $3.03 billion. During the same period in the previous year, the business earned $2.85 earnings per share. DICK'S Sporting Goods's revenue for the quarter was up .5% compared to the same quarter last year. Equities research analysts anticipate that DICK'S Sporting Goods will post 13.88 EPS for the current year.

DICK'S Sporting Goods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were given a $1.10 dividend. The ex-dividend date was Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.79%. DICK'S Sporting Goods's dividend payout ratio is currently 31.45%.

Insider Buying and Selling

In other DICK'S Sporting Goods news, Director Lawrence J. Schorr sold 7,333 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total value of $1,697,956.15. Following the completion of the transaction, the director now directly owns 50,997 shares in the company, valued at $11,808,355.35. This represents a 12.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the company's stock in a transaction on Friday, January 17th. The stock was sold at an average price of $227.99, for a total transaction of $1,139,950.00. Following the transaction, the executive vice president now owns 16,504 shares of the company's stock, valued at approximately $3,762,746.96. This represents a 23.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 172,933 shares of company stock worth $39,655,456 in the last quarter. Corporate 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. New Wave Wealth Advisors LLC acquired a new stake in DICK'S Sporting Goods in the fourth quarter valued at approximately $28,000. Brooklyn Investment Group purchased a new position in shares of DICK'S Sporting Goods during the 3rd quarter valued at about $27,000. Sound Income Strategies LLC increased its holdings in shares of DICK'S Sporting Goods by 590.0% during the 4th quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer's stock valued at $32,000 after purchasing an additional 118 shares in the last quarter. ORG Wealth Partners LLC acquired a new stake in shares of DICK'S Sporting Goods during the 3rd quarter valued at about $30,000. Finally, True Wealth Design LLC raised its stake in shares of DICK'S Sporting Goods by 2,900.0% during the 3rd quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer's stock worth $31,000 after buying an additional 145 shares during the period. Institutional investors own 89.83% of the company's stock.

About DICK'S Sporting Goods

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.