DICK'S Sporting Goods (NYSE:DKS) Given New $232.00 Price Target at Barclays

DICK'S Sporting Goods (NYSE:DKS - Free Report) had its price target boosted by Barclays from $217.00 to $232.00 in a research note released on Thursday morning,Benzinga reports. Barclays currently has an overweight rating on the sporting goods retailer's stock.

Several other research firms have also recently commented on DKS. Robert W. Baird cut their target price on shares of DICK'S Sporting Goods from $230.00 to $185.00 and set a "neutral" rating for the company in a research note on Friday, May 16th. TD Cowen lowered shares of DICK'S Sporting Goods from a "buy" rating to a "hold" rating and set a $216.00 price target on the stock. in a report on Thursday, May 15th. Truist Financial set a $245.00 price target on shares of DICK'S Sporting Goods in a report on Tuesday, March 11th. Telsey Advisory Group reissued an "outperform" rating and issued a $220.00 price target on shares of DICK'S Sporting Goods in a report on Wednesday. Finally, Guggenheim reissued a "neutral" rating on shares of DICK'S Sporting Goods in a report on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, DICK'S Sporting Goods has an average rating of "Hold" and an average price target of $220.11.

DICK'S Sporting Goods Price Performance

Shares of DKS stock traded down $1.76 during midday trading on Thursday, reaching $179.45. 1,911,698 shares of the company were exchanged, compared to its average volume of 1,253,679. DICK'S Sporting Goods has a 12 month low of $166.37 and a 12 month high of $254.60. The company has a market cap of $14.33 billion, a P/E ratio of 12.83, a PEG ratio of 2.47 and a beta of 1.16. The company's 50 day moving average price is $187.90 and its two-hundred day moving average price is $209.80. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share (EPS) for the quarter, hitting the consensus estimate of $3.37. The company had revenue of $3.16 billion for the quarter, compared to analysts' expectations of $3.12 billion. DICK'S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. On average, sell-side analysts expect that DICK'S Sporting Goods will post 13.89 earnings per share for the current year.

DICK'S Sporting Goods declared that its Board of Directors has approved a stock repurchase plan on Tuesday, March 11th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the sporting goods retailer to repurchase up to 18.5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its shares are undervalued.

DICK'S Sporting Goods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be given a dividend of $1.2125 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $4.85 annualized dividend and a dividend yield of 2.70%. DICK'S Sporting Goods's dividend payout ratio (DPR) is presently 34.54%.

Hedge Funds Weigh In On DICK'S Sporting Goods

Institutional investors and hedge funds have recently bought and sold shares of the stock. XTX Topco Ltd purchased a new stake in DICK'S Sporting Goods in the 4th quarter worth approximately $485,000. Argus Investors Counsel Inc. bought a new stake in shares of DICK'S Sporting Goods in the 4th quarter worth $257,000. Janus Henderson Group PLC increased its holdings in shares of DICK'S Sporting Goods by 15.9% in the 4th quarter. Janus Henderson Group PLC now owns 11,640 shares of the sporting goods retailer's stock worth $2,664,000 after purchasing an additional 1,594 shares in the last quarter. Principal Securities Inc. grew its holdings in shares of DICK'S Sporting Goods by 11.8% in the fourth quarter. Principal Securities Inc. now owns 3,589 shares of the sporting goods retailer's stock worth $821,000 after acquiring an additional 380 shares during the period. Finally, Jones Financial Companies Lllp grew its holdings in DICK'S Sporting Goods by 15.1% during the fourth quarter. Jones Financial Companies Lllp now owns 2,144 shares of the sporting goods retailer's stock valued at $491,000 after purchasing an additional 281 shares during the period. 89.83% of the stock is currently 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.