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

DICK'S Sporting Goods, Inc. (NYSE:DKS - Get Free Report) has been given a consensus recommendation of "Hold" by the nineteen analysts that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $219.56.

Several brokerages recently commented on DKS. Stifel Nicolaus dropped their target price on shares of DICK'S Sporting Goods from $226.00 to $192.00 and set a "hold" rating on the stock in a report on Thursday, April 10th. DA Davidson restated a "buy" rating and set a $230.00 price objective on shares of DICK'S Sporting Goods in a report on Friday, June 27th. Wall Street Zen upgraded shares of DICK'S Sporting Goods from a "sell" rating to a "hold" rating in a report on Friday, May 9th. Guggenheim restated a "neutral" rating on shares of DICK'S Sporting Goods in a report on Wednesday, March 12th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of DICK'S Sporting Goods from $224.00 to $195.00 and set a "neutral" rating on the stock in a report on Thursday, May 29th.

Insider Activity at DICK'S Sporting Goods

In other news, CEO Lauren R. Hobart sold 40,166 shares of the company's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $204.58, for a total transaction of $8,217,160.28. Following the transaction, the chief executive officer directly owned 299,990 shares in the company, valued at approximately $61,371,954.20. This represents a 11.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Elizabeth H. Baran sold 1,830 shares of the company's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $204.65, for a total transaction of $374,509.50. Following the transaction, the senior vice president owned 12,465 shares in the company, valued at $2,550,962.25. The trade was a 12.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 46,563 shares of company stock valued at $9,462,628 over the last ninety days. Company insiders own 32.55% of the company's stock.

Institutional Investors Weigh In On DICK'S Sporting Goods

Hedge funds have recently bought and sold shares of the company. Park Square Financial Group LLC acquired a new stake in DICK'S Sporting Goods in the fourth quarter worth $27,000. Ancora Advisors LLC acquired a new stake in DICK'S Sporting Goods in the fourth quarter worth $28,000. Rialto Wealth Management LLC acquired a new stake in DICK'S Sporting Goods in the fourth quarter worth $30,000. Bessemer Group Inc. increased its position in shares of DICK'S Sporting Goods by 108.6% during the fourth quarter. Bessemer Group Inc. now owns 146 shares of the sporting goods retailer's stock worth $33,000 after acquiring an additional 76 shares in the last quarter. Finally, Private Trust Co. NA increased its position in shares of DICK'S Sporting Goods by 54.1% during the first quarter. Private Trust Co. NA now owns 188 shares of the sporting goods retailer's stock worth $38,000 after acquiring an additional 66 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 traded up $2.97 during trading on Tuesday, hitting $213.28. The stock had a trading volume of 520,217 shares, compared to its average volume of 1,293,718. The firm has a market cap of $17.07 billion, a PE ratio of 15.27, a P/E/G ratio of 2.96 and a beta of 1.07. DICK'S Sporting Goods has a 12 month low of $166.37 and a 12 month high of $254.60. The company has a current ratio of 1.62, a quick ratio of 0.47 and a debt-to-equity ratio of 0.49. The company has a 50 day simple moving average of $186.99 and a 200-day simple moving average of $205.30.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 EPS for the quarter, hitting the consensus estimate of $3.37. The firm had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.12 billion. DICK'S Sporting Goods had a net margin of 8.49% and a return on equity of 38.06%. Analysts expect that DICK'S Sporting Goods will post 13.89 EPS for the current year.

DICK'S Sporting Goods Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were given a dividend of $1.2125 per share. The ex-dividend date was Friday, June 13th. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.27%. DICK'S Sporting Goods's payout ratio is 34.69%.

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.