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

Key Points

• Analysts have given DICK'S Sporting Goods a consensus recommendation of "Hold," with a twelve-month target price averaging $223.33.
• The company reported a quarterly earnings per share of $3.37, beating revenue expectations of $3.12 billion with actual revenue of $3.16 billion.
• DICK'S Sporting Goods recently announced a quarterly dividend of $1.2125, contributing to an annualized dividend yield of 2.1%.

Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Get Free Report) have been given an average recommendation of "Hold" by the twenty analysts that are currently covering the company, MarketBeat.com reports. Eleven analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $223.3333.

DKS has been the subject of several analyst reports. 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 for the company in a research note on Thursday, May 29th. Robert W. Baird dropped their price objective on shares of DICK'S Sporting Goods from $230.00 to $185.00 and set a "neutral" rating for the company in a research note on Friday, May 16th. TD Cowen cut shares of DICK'S Sporting Goods from a "buy" rating to a "hold" rating and set a $216.00 price objective for the company. in a research note on Thursday, May 15th. Wells Fargo & Company boosted their target price on shares of DICK'S Sporting Goods from $187.00 to $215.00 and gave the company an "equal weight" rating in a research report on Thursday, August 14th. Finally, Telsey Advisory Group set a $225.00 target price on shares of DICK'S Sporting Goods in a research report on Friday.

DICK'S Sporting Goods Price Performance

Shares of DICK'S Sporting Goods stock opened at $226.80 on Wednesday. DICK'S Sporting Goods has a twelve month low of $166.37 and a twelve month high of $254.60. The company has a quick ratio of 0.47, a current ratio of 1.62 and a debt-to-equity ratio of 0.49. The company has a 50-day simple moving average of $209.26 and a two-hundred day simple moving average of $200.95. The stock has a market capitalization of $18.16 billion, a price-to-earnings ratio of 16.22, a price-to-earnings-growth ratio of 3.33 and a beta of 1.07.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share 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 business had revenue of $3.16 billion during the quarter, compared to analysts' expectations of $3.12 billion. Analysts forecast that DICK'S Sporting Goods will post 13.89 EPS for the current year.

DICK'S Sporting Goods Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders 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 annualized dividend and a dividend yield of 2.1%. DICK'S Sporting Goods's payout ratio is presently 34.69%.

Insider Buying and Selling

In other news, SVP Elizabeth H. Baran sold 1,830 shares of the business's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $204.65, for a total value of $374,509.50. Following the completion of the transaction, the senior vice president directly owned 12,465 shares in the company, valued at approximately $2,550,962.25. The trade was a 12.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Julie Lodge-Jarrett sold 3,541 shares of the business'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 completion of the transaction, the executive vice president owned 19,165 shares of the company's stock, valued at $3,583,855. The trade was a 15.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 69,200 shares of company stock worth $14,462,923. 32.55% of the stock is owned by company insiders.

Hedge Funds Weigh In On DICK'S Sporting Goods

Institutional investors have recently added to or reduced their stakes in the stock. Park Square Financial Group LLC acquired a new position in DICK'S Sporting Goods during the 4th quarter worth approximately $27,000. Ancora Advisors LLC acquired a new position in DICK'S Sporting Goods during the 4th quarter worth approximately $28,000. Private Trust Co. NA increased its position in DICK'S Sporting Goods by 54.1% during the 1st quarter. Private Trust Co. NA now owns 188 shares of the sporting goods retailer's stock worth $38,000 after purchasing an additional 66 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new position in DICK'S Sporting Goods during the 2nd quarter worth approximately $40,000. Finally, Golden State Wealth Management LLC increased its position in DICK'S Sporting Goods by 1,435.7% during the 1st quarter. Golden State Wealth Management LLC now owns 215 shares of the sporting goods retailer's stock worth $43,000 after purchasing an additional 201 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

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.

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