DICK'S Sporting Goods, Inc. (NYSE:DKS) Receives $248.09 Consensus PT from Analysts

Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Get Free Report) have earned a consensus rating of "Moderate Buy" from the twenty-two ratings firms that are presently covering the stock, Marketbeat.com reports. Eight research analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $248.09.

Several research firms have commented on DKS. Wedbush reissued a "neutral" rating and issued a $215.00 price objective (down from $250.00) on shares of DICK'S Sporting Goods in a research report on Wednesday, November 27th. TD Cowen boosted their target price on shares of DICK'S Sporting Goods from $270.00 to $294.00 and gave the stock a "buy" rating in a research note on Wednesday, January 8th. Argus raised their price target on DICK'S Sporting Goods from $255.00 to $280.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $260.00 price target on shares of DICK'S Sporting Goods in a report on Tuesday, November 26th. Finally, Morgan Stanley increased their price objective on DICK'S Sporting Goods from $245.00 to $255.00 and gave the company an "overweight" rating in a report on Tuesday, January 21st.

Insider Transactions at DICK'S Sporting Goods

In other DICK'S Sporting Goods news, Chairman Edward W. Stack sold 160,600 shares of the business's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $229.25, for a total transaction of $36,817,550.00. Following the transaction, the chairman now owns 8,362,128 shares in the company, valued at approximately $1,917,017,844. The trade was a 1.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Lawrence J. Schorr sold 7,333 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $231.55, for a total value of $1,697,956.15. Following the transaction, the director now directly owns 50,997 shares of the company's stock, valued at approximately $11,808,355.35. This trade represents a 12.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 172,933 shares of company stock worth $39,655,456 over the last 90 days. 32.03% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of DKS. Wealthfront Advisers LLC purchased a new stake in shares of DICK'S Sporting Goods during the 4th quarter worth approximately $1,893,210,000. State Street Corp raised its holdings in DICK'S Sporting Goods by 1.2% during the third quarter. State Street Corp now owns 2,259,133 shares of the sporting goods retailer's stock worth $473,945,000 after purchasing an additional 27,155 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in DICK'S Sporting Goods by 4.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,866,177 shares of the sporting goods retailer's stock worth $427,056,000 after purchasing an additional 77,357 shares in the last quarter. Geode Capital Management LLC grew its holdings in DICK'S Sporting Goods by 1.0% in the third quarter. Geode Capital Management LLC now owns 1,042,782 shares of the sporting goods retailer's stock valued at $217,169,000 after purchasing an additional 10,640 shares during the last quarter. Finally, KBC Group NV increased its position in shares of DICK'S Sporting Goods by 86.8% in the fourth quarter. KBC Group NV now owns 467,764 shares of the sporting goods retailer's stock valued at $107,043,000 after buying an additional 217,390 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

DICK'S Sporting Goods Stock Up 3.2 %

NYSE:DKS traded up $7.48 during midday trading on Friday, reaching $244.13. The company had a trading volume of 1,010,707 shares, compared to its average volume of 1,036,141. DICK'S Sporting Goods has a 12-month low of $160.31 and a 12-month high of $254.60. The firm has a market capitalization of $19.89 billion, a price-to-earnings ratio of 17.45, a PEG ratio of 2.57 and a beta of 1.57. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. The stock's fifty day simple moving average is $229.93 and its 200-day simple moving average is $217.54.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.07. DICK'S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The business had revenue of $3.06 billion during the quarter, compared to analysts' expectations of $3.03 billion. During the same quarter last year, the business posted $2.85 EPS. The business's quarterly revenue was up .5% compared to the same quarter last year. On average, sell-side analysts anticipate that DICK'S Sporting Goods will post 13.89 earnings per share for the current fiscal year.

DICK'S Sporting Goods Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend was Friday, December 13th. DICK'S Sporting Goods's payout ratio is currently 31.45%.

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.