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

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

A number of analysts have issued reports on the company. Bank of America decreased their target price on DICK'S Sporting Goods from $250.00 to $240.00 and set a "buy" rating for the company in a research report on Tuesday, June 24th. Citigroup reiterated a "neutral" rating on shares of DICK'S Sporting Goods in a research note on Thursday, May 29th. UBS Group cut their price target on DICK'S Sporting Goods from $260.00 to $225.00 and set a "buy" rating for the company in a research note on Thursday, May 29th. Stifel Nicolaus cut their target price on shares of DICK'S Sporting Goods from $226.00 to $192.00 and set a "hold" rating for the company in a research report on Thursday, April 10th. Finally, Truist Financial set a $230.00 target price on shares of DICK'S Sporting Goods in a research report on Wednesday, May 28th.

DICK'S Sporting Goods Trading Up 2.2%

Shares of NYSE:DKS traded up $4.53 during mid-day trading on Tuesday, hitting $214.84. The company had a trading volume of 1,411,775 shares, compared to its average volume of 1,298,181. DICK'S Sporting Goods has a one year low of $166.37 and a one year 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 $17.20 billion, a PE ratio of 15.37, a price-to-earnings-growth ratio of 3.00 and a beta of 1.07. The firm has a fifty day moving average price of $187.54 and a 200 day moving average price of $205.23.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted 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. 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 during the quarter, compared to the consensus estimate of $3.12 billion. As a group, research analysts forecast that DICK'S Sporting Goods will post 13.89 EPS for the current year.

DICK'S Sporting Goods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were given a dividend of $1.2125 per share. This represents a $4.85 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend was Friday, June 13th. DICK'S Sporting Goods's dividend payout ratio is currently 34.69%.

Insider Activity at DICK'S Sporting Goods

In other news, EVP Julie Lodge-Jarrett sold 3,541 shares of the firm's stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $187.00, for a total transaction of $662,167.00. Following the sale, the executive vice president owned 19,165 shares of the company's stock, valued at $3,583,855. This trade represents a 15.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Lauren R. Hobart sold 40,166 shares of the firm's stock in a transaction 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 sale, the chief executive officer owned 299,990 shares in the company, valued at approximately $61,371,954.20. This represents a 11.81% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,563 shares of company stock worth $9,462,628. 32.55% of the stock is owned by insiders.

Institutional Investors Weigh In On DICK'S Sporting Goods

Institutional investors have recently bought and sold shares of the company. Wealthfront Advisers LLC acquired a new position in DICK'S Sporting Goods during the fourth quarter worth about $1,893,210,000. Vanguard Group Inc. boosted its holdings in shares of 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 purchasing an additional 471,217 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of DICK'S Sporting Goods by 416.9% during the 1st quarter. Wellington Management Group LLP now owns 2,829,780 shares of the sporting goods retailer's stock worth $570,370,000 after purchasing an additional 2,282,300 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of DICK'S Sporting Goods by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 1,057,793 shares of the sporting goods retailer's stock worth $241,660,000 after purchasing an additional 15,011 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of DICK'S Sporting Goods during the 4th quarter worth approximately $221,693,000. 89.83% of the stock is currently 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.