DICK'S Sporting Goods, Inc. (NYSE:DKS) Given Average Rating of "Moderate Buy" by Analysts

Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Get Free Report) have been given a consensus rating of "Moderate Buy" by the twenty-one brokerages that are currently covering the company, Marketbeat reports. Nine equities research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $244.62.

A number of research firms have commented on DKS. Telsey Advisory Group upped their price objective on shares of DICK'S Sporting Goods from $255.00 to $260.00 and gave the company an "outperform" rating in a research note on Friday, August 30th. Wedbush reaffirmed a "neutral" rating and set a $250.00 price objective on shares of DICK'S Sporting Goods in a research note on Thursday, September 5th. Barclays upped their price objective on shares of DICK'S Sporting Goods from $247.00 to $254.00 and gave the company an "overweight" rating in a research note on Thursday, September 5th. TD Cowen upped their price objective on shares of DICK'S Sporting Goods from $266.00 to $270.00 and gave the company a "buy" rating in a research note on Tuesday, September 3rd. Finally, DA Davidson reaffirmed a "buy" rating and set a $265.00 price objective on shares of DICK'S Sporting Goods in a research note on Thursday, September 5th.

DICK'S Sporting Goods Price Performance

DICK'S Sporting Goods stock traded up $7.51 during midday trading on Friday, hitting $215.03. The company's stock had a trading volume of 965,987 shares, compared to its average volume of 1,111,700. DICK'S Sporting Goods has a 12 month low of $100.98 and a 12 month high of $239.30. The company has a quick ratio of 0.69, a current ratio of 1.77 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $17.52 billion, a PE ratio of 17.80, a price-to-earnings-growth ratio of 2.45 and a beta of 1.62. The stock's 50-day moving average price is $216.06 and its 200-day moving average price is $211.65.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its quarterly earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share for the quarter, beating analysts' consensus estimates of $3.77 by $0.60. DICK'S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The company had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.44 billion. During the same period in the prior year, the company earned $2.82 EPS. DICK'S Sporting Goods's revenue was up 7.6% on a year-over-year basis. Analysts anticipate that DICK'S Sporting Goods will post 13.9 earnings per share for the current fiscal year.

DICK'S Sporting Goods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date was Friday, September 20th. DICK'S Sporting Goods's dividend payout ratio is 36.42%.

Insider Buying and Selling

In related news, Director Desiree Ralls-Morrison sold 3,489 shares of DICK'S Sporting Goods stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $206.65, for a total value of $721,001.85. Following the transaction, the director now owns 5,609 shares in the company, valued at $1,159,099.85. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 32.03% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Nomura Holdings Inc. bought a new stake in shares of DICK'S Sporting Goods in the fourth quarter valued at about $956,000. Russell Investments Group Ltd. grew its holdings in shares of DICK'S Sporting Goods by 12.5% during the 1st quarter. Russell Investments Group Ltd. now owns 97,880 shares of the sporting goods retailer's stock worth $22,009,000 after purchasing an additional 10,894 shares in the last quarter. Quadrature Capital Ltd bought a new stake in shares of DICK'S Sporting Goods during the first quarter valued at approximately $7,690,000. SG Americas Securities LLC raised its stake in shares of DICK'S Sporting Goods by 65.5% in the first quarter. SG Americas Securities LLC now owns 9,792 shares of the sporting goods retailer's stock valued at $2,202,000 after purchasing an additional 3,875 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in DICK'S Sporting Goods by 5.5% in the second quarter. Principal Financial Group Inc. now owns 239,451 shares of the sporting goods retailer's stock worth $51,446,000 after purchasing an additional 12,396 shares during the period. 89.83% of the stock is owned by institutional investors.

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.