DICK'S Sporting Goods, Inc. (NYSE:DKS) Given Average Rating of "Hold" by Brokerages

Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Get Free Report) have earned an average rating of "Hold" from the twenty ratings firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $229.47.

Several research analysts have recently commented on DKS shares. Wells Fargo & Company boosted their target price on DICK'S Sporting Goods from $171.00 to $187.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 14th. Gordon Haskett lowered DICK'S Sporting Goods from a "buy" rating to a "reduce" rating and set a $170.00 price objective on the stock. in a research note on Friday, May 16th. Morgan Stanley increased their target price on DICK'S Sporting Goods from $245.00 to $255.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. StockNews.com raised DICK'S Sporting Goods from a "sell" rating to a "hold" rating in a report on Friday, May 9th. Finally, DA Davidson reissued a "buy" rating and set a $273.00 price objective on shares of DICK'S Sporting Goods in a report on Friday, May 16th.

DICK'S Sporting Goods Price Performance

DICK'S Sporting Goods stock traded down $7.07 during mid-day trading on Monday, hitting $176.00. 2,231,221 shares of the company were exchanged, compared to its average volume of 1,243,957. The company has a market capitalization of $14.05 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 2.47 and a beta of 1.16. The business has a fifty day moving average of $191.70 and a 200 day moving average of $211.22. DICK'S Sporting Goods has a 1-year low of $166.37 and a 1-year high of $254.60. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its earnings results on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $3.76 billion. During the same quarter last year, the company posted $3.85 EPS. The firm's revenue for the quarter was up .5% on a year-over-year basis. As a group, 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 has initiated a stock buyback program on Tuesday, March 11th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the sporting goods retailer to repurchase up to 18.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

DICK'S Sporting Goods Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were given a dividend of $1.2125 per share. This is a boost from DICK'S Sporting Goods's previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Friday, March 28th. This represents a $4.85 annualized dividend and a dividend yield of 2.76%. DICK'S Sporting Goods's payout ratio is presently 34.54%.

Institutional Investors Weigh In On DICK'S Sporting Goods

A number of institutional investors have recently made changes to their positions in DKS. Wealthfront Advisers LLC acquired a new position in DICK'S Sporting Goods in the fourth quarter valued at about $1,893,210,000. Wellington Management Group LLP raised its position in shares of DICK'S Sporting Goods by 416.9% in the 1st quarter. Wellington Management Group LLP now owns 2,829,780 shares of the sporting goods retailer's stock valued at $570,370,000 after acquiring an additional 2,282,300 shares during the period. Norges Bank acquired a new stake in shares of DICK'S Sporting Goods in the 4th quarter valued at approximately $221,693,000. Westfield Capital Management Co. LP boosted its stake in DICK'S Sporting Goods by 1,899.2% during the 1st quarter. Westfield Capital Management Co. LP now owns 630,566 shares of the sporting goods retailer's stock worth $127,097,000 after acquiring an additional 599,025 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in DICK'S Sporting Goods by 8.8% during the 1st quarter. Vanguard Group Inc. now owns 5,850,223 shares of the sporting goods retailer's stock worth $1,179,171,000 after acquiring an additional 471,217 shares during the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

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.