Analysts Set DICK'S Sporting Goods, Inc. (NYSE:DKS) PT at $244.62

Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Get Free Report) have earned an average recommendation of "Moderate Buy" from the twenty-one ratings firms that are presently covering the stock, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $244.62.

Several research firms recently issued reports on DKS. UBS Group raised their target price on DICK'S Sporting Goods from $220.00 to $225.00 and gave the stock a "neutral" rating in a research note on Monday, August 26th. JPMorgan Chase & Co. lifted their price objective on DICK'S Sporting Goods from $211.00 to $215.00 and gave the company a "neutral" rating in a research report on Monday, September 9th. Robert W. Baird reaffirmed a "neutral" rating and set a $235.00 price objective on shares of DICK'S Sporting Goods in a research report on Wednesday, August 28th. Bank of America lifted their price objective on DICK'S Sporting Goods from $240.00 to $250.00 and gave the company a "buy" rating in a research report on Thursday, September 5th. Finally, Loop Capital lifted their price objective on DICK'S Sporting Goods from $200.00 to $220.00 and gave the company a "hold" rating in a research report on Thursday, September 5th.

Institutional Investors Weigh In On DICK'S Sporting Goods

A number of large investors have recently added to or reduced their stakes in DKS. Van ECK Associates Corp grew its position in shares of DICK'S Sporting Goods by 6.9% during the 1st quarter. Van ECK Associates Corp now owns 9,427 shares of the sporting goods retailer's stock valued at $2,120,000 after acquiring an additional 609 shares during the period. Private Advisor Group LLC grew its position in shares of DICK'S Sporting Goods by 86.3% during the 1st quarter. Private Advisor Group LLC now owns 2,735 shares of the sporting goods retailer's stock valued at $615,000 after acquiring an additional 1,267 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of DICK'S Sporting Goods by 19.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 41,658 shares of the sporting goods retailer's stock valued at $8,538,000 after acquiring an additional 6,732 shares during the period. BNP Paribas Financial Markets grew its position in shares of DICK'S Sporting Goods by 53.3% during the 1st quarter. BNP Paribas Financial Markets now owns 67,519 shares of the sporting goods retailer's stock valued at $15,182,000 after acquiring an additional 23,471 shares during the period. Finally, Janney Montgomery Scott LLC grew its position in shares of DICK'S Sporting Goods by 18.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 15,882 shares of the sporting goods retailer's stock valued at $3,571,000 after acquiring an additional 2,512 shares during the period. Institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods Stock Performance

NYSE DKS traded down $5.27 on Thursday, hitting $195.61. 834,245 shares of the stock traded hands, compared to its average volume of 1,071,859. The business's fifty day moving average is $214.49 and its two-hundred day moving average is $210.61. DICK'S Sporting Goods has a 12 month low of $104.00 and a 12 month high of $239.30. The firm has a market capitalization of $15.93 billion, a price-to-earnings ratio of 14.36, a PEG ratio of 2.31 and a beta of 1.62. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.69 and a current ratio of 1.77.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released 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 return on equity of 45.14% and a net margin of 8.46%. The business had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.44 billion. During the same quarter last year, the business posted $2.82 earnings per share. The company's revenue for the quarter was up 7.6% on a year-over-year basis. As a group, equities analysts anticipate that DICK'S Sporting Goods will post 13.9 EPS for the current fiscal year.

DICK'S Sporting Goods Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 20th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend was Friday, September 20th. DICK'S Sporting Goods's dividend payout ratio (DPR) is presently 32.28%.

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.