DICK'S Sporting Goods (NYSE:DKS) Hits New 1-Year Low - Should You Sell?

DICK'S Sporting Goods, Inc. (NYSE:DKS - Get Free Report) reached a new 52-week low on Friday . The stock traded as low as $176.81 and last traded at $184.89, with a volume of 4149071 shares. The stock had previously closed at $211.32.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on DKS. Loop Capital lowered their target price on DICK'S Sporting Goods from $240.00 to $195.00 and set a "hold" rating on the stock in a report on Thursday, March 13th. Argus raised their price objective on shares of DICK'S Sporting Goods from $255.00 to $280.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Morgan Stanley boosted their target price on shares of 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. Citigroup restated a "neutral" rating and issued a $220.00 price target (down from $230.00) on shares of DICK'S Sporting Goods in a research report on Wednesday, March 12th. Finally, TD Cowen upped 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 research report on Wednesday, January 8th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, DICK'S Sporting Goods presently has a consensus rating of "Moderate Buy" and a consensus target price of $244.74.

DICK'S Sporting Goods Price Performance

The business has a 50-day moving average of $212.73 and a 200 day moving average of $214.97. 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 firm has a market capitalization of $15.84 billion, a P/E ratio of 14.18, a price-to-earnings-growth ratio of 2.47 and a beta of 1.32.

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DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its quarterly earnings results on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.47 by $0.15. DICK'S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The business had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter last year, the firm posted $3.85 EPS. DICK'S Sporting Goods's revenue was up .5% compared to the same quarter last year. On average, sell-side analysts predict that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK'S Sporting Goods Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be issued a $1.2125 dividend. The ex-dividend date of this dividend is Friday, March 28th. This is a positive change from DICK'S Sporting Goods's previous quarterly dividend of $1.10. This represents a $4.85 annualized dividend and a dividend yield of 2.45%. DICK'S Sporting Goods's dividend payout ratio is currently 34.54%.

DICK'S Sporting Goods declared that its board has authorized a stock buyback program on Tuesday, March 11th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the sporting goods retailer to buy up to 18.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's management believes its shares are undervalued.

Insider Buying and Selling at DICK'S Sporting Goods

In other DICK'S Sporting Goods news, EVP Julie Lodge-Jarrett sold 5,000 shares of the business's stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $227.99, for a total value of $1,139,950.00. Following the transaction, the executive vice president now directly owns 16,504 shares in the company, valued at $3,762,746.96. The trade was a 23.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 32.03% of the company's stock.

Hedge Funds Weigh In On DICK'S Sporting Goods

Several institutional investors and hedge funds have recently bought and sold shares of the company. Marion Wealth Management purchased a new position in shares of DICK'S Sporting Goods during the 4th quarter valued at $545,000. Argus Investors Counsel Inc. purchased a new stake in DICK'S Sporting Goods during the fourth quarter valued at about $257,000. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its position in DICK'S Sporting Goods by 78.2% during the fourth quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 11,495 shares of the sporting goods retailer's stock worth $2,631,000 after purchasing an additional 5,046 shares during the period. Principal Securities Inc. boosted its position in DICK'S Sporting Goods by 11.8% during the fourth quarter. Principal Securities Inc. now owns 3,589 shares of the sporting goods retailer's stock worth $821,000 after purchasing an additional 380 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in shares of DICK'S Sporting Goods by 15.1% in the fourth quarter. Jones Financial Companies Lllp now owns 2,144 shares of the sporting goods retailer's stock worth $491,000 after purchasing an additional 281 shares in the last quarter. 89.83% of the stock is owned by institutional investors.

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.