Analysts Set DICK'S Sporting Goods, Inc. (NYSE:DKS) PT at $246.10

Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the twenty-one research firms that are covering the company, MarketBeat reports. Eight analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $246.10.

DKS has been the topic of several analyst reports. 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 research report on Wednesday, November 27th. Truist Financial lifted their target price on DICK'S Sporting Goods from $256.00 to $258.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. Loop Capital increased their price target on DICK'S Sporting Goods from $220.00 to $225.00 and gave the stock a "hold" rating in a report on Wednesday, November 27th. TD Cowen boosted their price objective on shares of DICK'S Sporting Goods from $270.00 to $294.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. Finally, Wedbush reaffirmed a "neutral" rating and issued a $215.00 target price (down previously from $250.00) on shares of DICK'S Sporting Goods in a research report on Wednesday, November 27th.

Insider Activity

In other news, Chairman Edward W. Stack sold 160,600 shares of the business's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $229.25, for a total transaction of $36,817,550.00. Following the transaction, the chairman now directly owns 8,362,128 shares in the company, valued at $1,917,017,844. The trade was a 1.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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. Company insiders own 32.03% of the company's stock.

Institutional Investors Weigh In On DICK'S Sporting Goods

Several institutional investors have recently made changes to their positions in the stock. ORG Partners LLC increased its position in DICK'S Sporting Goods by 37.0% during the third quarter. ORG Partners LLC now owns 200 shares of the sporting goods retailer's stock worth $42,000 after buying an additional 54 shares in the last quarter. CIBC Asset Management Inc lifted its stake in shares of DICK'S Sporting Goods by 1.7% in the 3rd quarter. CIBC Asset Management Inc now owns 3,232 shares of the sporting goods retailer's stock valued at $675,000 after purchasing an additional 54 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its stake in DICK'S Sporting Goods by 3.5% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 2,055 shares of the sporting goods retailer's stock worth $470,000 after buying an additional 70 shares during the period. SeaCrest Wealth Management LLC boosted its position in DICK'S Sporting Goods by 4.8% during the 4th quarter. SeaCrest Wealth Management LLC now owns 1,765 shares of the sporting goods retailer's stock worth $404,000 after purchasing an additional 81 shares during the period. Finally, First Citizens Bank & Trust Co. boosted its position in shares of DICK'S Sporting Goods by 5.7% in the third quarter. First Citizens Bank & Trust Co. now owns 1,907 shares of the sporting goods retailer's stock worth $398,000 after buying an additional 103 shares during the period. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

DICK'S Sporting Goods Trading Down 1.6 %

DICK'S Sporting Goods stock traded down $3.54 during trading on Tuesday, reaching $220.90. 1,012,437 shares of the company were exchanged, compared to its average volume of 1,020,526. 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 stock's 50 day simple moving average is $215.54 and its two-hundred day simple moving average is $213.03. The company has a market capitalization of $18.00 billion, a P/E ratio of 15.79, a PEG ratio of 2.54 and a beta of 1.61. DICK'S Sporting Goods has a 52-week low of $139.48 and a 52-week high of $239.30.

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 analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $3.03 billion. During the same quarter in the prior year, the firm posted $2.85 earnings per share. DICK'S Sporting Goods's quarterly revenue was up .5% on a year-over-year basis. On average, equities research analysts expect that DICK'S Sporting Goods will post 13.88 earnings per share for the current fiscal year.

DICK'S Sporting Goods Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.40 annualized dividend and a dividend yield of 1.99%. DICK'S Sporting Goods's dividend payout ratio (DPR) is currently 31.45%.

About DICK'S Sporting Goods

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.