Analysts Set DICK'S Sporting Goods, Inc. (NYSE:DKS) PT at $244.95

Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Get Free Report) have been given an average rating of "Moderate Buy" by the twenty-one research firms that are presently covering the company, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $244.95.

A number of research analysts have recently weighed in on DKS shares. Wedbush reissued a "neutral" rating and set a $215.00 price objective (down from $250.00) on shares of DICK'S Sporting Goods in a research note on Wednesday, November 27th. Truist Financial boosted their price target on DICK'S Sporting Goods from $256.00 to $258.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. JPMorgan Chase & Co. increased their price objective on DICK'S Sporting Goods from $211.00 to $215.00 and gave the company a "neutral" rating in a research note on Monday, September 9th. TD Cowen lifted their price objective on DICK'S Sporting Goods from $266.00 to $270.00 and gave the stock a "buy" rating in a research report on Tuesday, September 3rd. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $260.00 target price on shares of DICK'S Sporting Goods in a report on Tuesday, November 26th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Assenagon Asset Management S.A. raised its holdings in DICK'S Sporting Goods by 87.9% in the second quarter. Assenagon Asset Management S.A. now owns 2,756 shares of the sporting goods retailer's stock valued at $592,000 after acquiring an additional 1,289 shares in the last quarter. Blue Trust Inc. grew its stake in DICK'S Sporting Goods by 435.0% in the second quarter. Blue Trust Inc. now owns 321 shares of the sporting goods retailer's stock worth $72,000 after purchasing an additional 261 shares in the last quarter. Raymond James & Associates increased its holdings in DICK'S Sporting Goods by 6.1% in the second quarter. Raymond James & Associates now owns 29,467 shares of the sporting goods retailer's stock valued at $6,331,000 after buying an additional 1,691 shares during the last quarter. Fifth Third Bancorp raised its stake in DICK'S Sporting Goods by 22.9% during the second quarter. Fifth Third Bancorp now owns 816 shares of the sporting goods retailer's stock valued at $175,000 after buying an additional 152 shares in the last quarter. Finally, &PARTNERS acquired a new position in shares of DICK'S Sporting Goods in the 2nd quarter worth approximately $309,000. 89.83% of the stock is owned by institutional investors and hedge funds.

DICK'S Sporting Goods Price Performance

DICK'S Sporting Goods stock traded up $1.17 during trading hours on Friday, hitting $218.76. The stock had a trading volume of 1,757,248 shares, compared to its average volume of 1,107,429. DICK'S Sporting Goods has a 1-year low of $137.06 and a 1-year high of $239.30. The stock has a market capitalization of $17.82 billion, a price-to-earnings ratio of 15.64, a PEG ratio of 2.52 and a beta of 1.61. The stock's fifty day moving average is $207.76 and its two-hundred day moving average is $212.43. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56.

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

DICK'S Sporting Goods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend is Friday, December 13th. DICK'S Sporting Goods's dividend payout ratio (DPR) is presently 31.45%.

DICK'S Sporting Goods Company Profile

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as an omni-channel sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and fishing gear products; apparel; and footwear and accessories.