DICK'S Sporting Goods (NYSE:DKS) Hits New 1-Year Low on Analyst Downgrade

DICK'S Sporting Goods, Inc. (NYSE:DKS - Get Free Report) hit a new 52-week low during trading on Thursday after Stifel Nicolaus lowered their price target on the stock from $226.00 to $192.00. Stifel Nicolaus currently has a hold rating on the stock. DICK'S Sporting Goods traded as low as $166.37 and last traded at $198.36, with a volume of 3156191 shares traded. The stock had previously closed at $171.20.

A number of other research firms have also recently weighed in on DKS. Telsey Advisory Group reaffirmed an "outperform" rating and set a $250.00 target price on shares of DICK'S Sporting Goods in a research note on Friday, March 14th. DA Davidson lowered their price objective on DICK'S Sporting Goods from $280.00 to $273.00 and set a "buy" rating for the company in a research note on Wednesday, March 12th. Argus boosted their target price on shares of DICK'S Sporting Goods from $255.00 to $280.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. TD Cowen raised their price target on shares of DICK'S Sporting Goods from $270.00 to $294.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. Finally, Wedbush reissued a "neutral" rating and issued a $215.00 price objective on shares of DICK'S Sporting Goods in a research note on Wednesday, March 12th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $244.72.

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Insider Buying and Selling

In other 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 transaction of $1,139,950.00. Following the completion of the sale, the executive vice president now directly owns 16,504 shares of the company's stock, 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 SEC, which is available at this link. 32.03% of the stock is owned by company insiders.

Institutional Trading of DICK'S Sporting Goods

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Marion Wealth Management purchased a new stake in DICK'S Sporting Goods in the 4th quarter valued at $545,000. Argus Investors Counsel Inc. purchased a new stake in shares of DICK'S Sporting Goods in the fourth quarter valued at about $257,000. Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its position in shares of 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 valued at $2,631,000 after purchasing an additional 5,046 shares in the last quarter. Principal Securities Inc. grew its position in DICK'S Sporting Goods by 11.8% in the 4th 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 in the last quarter. Finally, Jones Financial Companies Lllp increased its stake in DICK'S Sporting Goods by 15.1% in the 4th quarter. Jones Financial Companies Lllp now owns 2,144 shares of the sporting goods retailer's stock valued at $491,000 after buying an additional 281 shares during the last quarter. 89.83% of the stock is owned by institutional investors.

DICK'S Sporting Goods Price Performance

The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. The stock has a market cap of $14.79 billion, a PE ratio of 13.24, a P/E/G ratio of 2.47 and a beta of 1.32. The business has a 50 day moving average price of $210.74 and a two-hundred day moving average price of $214.56.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its earnings results on Tuesday, March 11th. The sporting goods retailer reported $3.62 EPS for the quarter, topping analysts' consensus estimates of $3.47 by $0.15. DICK'S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The company had revenue of $3.89 billion for the quarter, compared to analysts' expectations of $3.76 billion. During the same period in the previous year, the business posted $3.85 EPS. The business's revenue for the quarter was up .5% compared to the same quarter last year. Research analysts expect 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 company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were paid a $1.2125 dividend. This is a boost from DICK'S Sporting Goods's previous quarterly dividend of $1.10. This represents a $4.85 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date was Friday, March 28th. DICK'S Sporting Goods's payout ratio is currently 34.54%.

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

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.