DICK'S Sporting Goods, Inc. (NYSE:DKS) Receives Consensus Rating of "Hold" from Analysts

Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Get Free Report) have been assigned a consensus recommendation of "Hold" from the nineteen analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $219.56.

DKS has been the topic of several recent analyst reports. Wells Fargo & Company boosted their price objective 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 downgraded shares of DICK'S Sporting Goods from a "buy" rating to a "reduce" rating and set a $170.00 price target for the company. in a research report on Friday, May 16th. Loop Capital lowered their price objective on shares of DICK'S Sporting Goods from $195.00 to $180.00 and set a "hold" rating on the stock in a research report on Friday, May 16th. Bank of America reduced their target price on DICK'S Sporting Goods from $250.00 to $240.00 and set a "buy" rating for the company in a report on Tuesday, June 24th. Finally, JPMorgan Chase & Co. dropped their price target on DICK'S Sporting Goods from $224.00 to $195.00 and set a "neutral" rating on the stock in a research report on Thursday, May 29th.

Insider Activity

In other news, CEO Lauren R. Hobart sold 40,166 shares of the firm's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $204.58, for a total value of $8,217,160.28. Following the transaction, the chief executive officer directly owned 299,990 shares in the company, valued at $61,371,954.20. This trade represents a 11.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert W. Eddy acquired 1,280 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The stock was bought at an average price of $194.99 per share, with a total value of $249,587.20. Following the acquisition, the director directly owned 6,048 shares of the company's stock, valued at $1,179,299.52. The trade was a 26.85% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 55,866 shares of company stock worth $11,462,773. Corporate insiders own 32.55% of the company's stock.

Institutional Investors Weigh In On DICK'S Sporting Goods

Several hedge funds have recently bought and sold shares of the company. XTX Topco Ltd bought a new stake in shares of DICK'S Sporting Goods in the 4th quarter valued at $485,000. Bessemer Group Inc. increased its holdings in shares of DICK'S Sporting Goods by 49.3% in the first quarter. Bessemer Group Inc. now owns 218 shares of the sporting goods retailer's stock worth $44,000 after acquiring an additional 72 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of DICK'S Sporting Goods by 27.5% in the first quarter. Fifth Third Bancorp now owns 968 shares of the sporting goods retailer's stock worth $195,000 after acquiring an additional 209 shares in the last quarter. NBC Securities Inc. acquired a new stake in shares of DICK'S Sporting Goods during the first quarter worth about $54,000. Finally, Janus Henderson Group PLC lifted its holdings in shares of DICK'S Sporting Goods by 15.9% during the 4th quarter. Janus Henderson Group PLC now owns 11,640 shares of the sporting goods retailer's stock valued at $2,664,000 after purchasing an additional 1,594 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

DICK'S Sporting Goods Stock Performance

DKS stock traded down $4.74 on Tuesday, reaching $209.89. The company's stock had a trading volume of 1,261,281 shares, compared to its average volume of 1,298,034. DICK'S Sporting Goods has a 52 week low of $166.37 and a 52 week high of $254.60. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.62 and a quick ratio of 0.47. The company has a market capitalization of $16.80 billion, a P/E ratio of 15.01, a price-to-earnings-growth ratio of 3.00 and a beta of 1.07. The firm has a fifty day moving average of $187.54 and a two-hundred day moving average of $205.23.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 EPS for the quarter, meeting analysts' consensus estimates of $3.37. The company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.12 billion. DICK'S Sporting Goods had a return on equity of 38.06% and a net margin of 8.49%. As a group, analysts predict that DICK'S Sporting Goods will post 13.89 EPS for the current fiscal year.

DICK'S Sporting Goods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were paid a dividend of $1.2125 per share. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend was Friday, June 13th. DICK'S Sporting Goods's dividend payout ratio (DPR) is 34.69%.

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.