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

DICK'S Sporting Goods logo with Retail/Wholesale background

DICK'S Sporting Goods, Inc. (NYSE:DKS - Get Free Report) has been given an average rating of "Hold" by the nineteen ratings firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $219.56.

Several analysts have issued reports on the company. Wall Street Zen raised DICK'S Sporting Goods from a "sell" rating to a "hold" rating in a report on Friday, May 9th. Wells Fargo & Company boosted their price target on DICK'S Sporting Goods from $171.00 to $187.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. Guggenheim reissued a "neutral" rating on shares of DICK'S Sporting Goods in a report on Wednesday, March 12th. Citigroup reissued a "neutral" rating on shares of DICK'S Sporting Goods in a report on Thursday, May 29th. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $220.00 price target on shares of DICK'S Sporting Goods in a report on Wednesday, May 28th.

View Our Latest Stock Analysis on DKS

Insider Transactions at DICK'S Sporting Goods

In other news, Director Robert W. Eddy bought 1,280 shares of the firm's stock in a transaction that occurred on Thursday, June 26th. The shares were bought at an average cost of $194.99 per share, for a total transaction of $249,587.20. Following the completion of the transaction, the director owned 6,048 shares of the company's stock, valued at approximately $1,179,299.52. This represents a 26.85% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Lauren R. Hobart sold 40,166 shares of the business's stock in a transaction dated 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 completion of the sale, the chief executive officer owned 299,990 shares in the company, valued at $61,371,954.20. This represents a 11.81% 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 three months. Corporate insiders own 32.55% of the company's stock.

Institutional Investors Weigh In On DICK'S Sporting Goods

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

DICK'S Sporting Goods Stock Performance

DICK'S Sporting Goods stock traded up $3.22 during mid-day trading on Tuesday, reaching $210.89. 1,359,895 shares of the stock traded hands, compared to its average volume of 1,294,581. The stock has a market capitalization of $16.88 billion, a PE ratio of 15.09, a price-to-earnings-growth ratio of 2.95 and a beta of 1.07. 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 business's 50-day moving average is $186.53 and its 200-day moving average is $205.26. DICK'S Sporting Goods has a 12-month low of $166.37 and a 12-month high of $254.60.

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

DICK'S Sporting Goods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were given a $1.2125 dividend. The ex-dividend date was Friday, June 13th. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.30%. DICK'S Sporting Goods's dividend payout ratio is currently 34.69%.

DICK'S Sporting Goods announced that its board has approved a share repurchase program on Tuesday, March 11th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the sporting goods retailer to repurchase up to 18.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its shares are undervalued.

DICK'S Sporting Goods Company Profile

(Get Free Report

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.

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