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

Key Points

• DICK'S Sporting Goods has received an average recommendation of "Hold" from analysts, with ten ratings for hold and nine for buy, and an average twelve-month target price of $221.50.
• In significant insider trading, EVP Navdeep Gupta and CEO Lauren R. Hobart sold substantial shares, reflecting a 9.58% and 11.81% decrease in their ownership, respectively.
• The company recently announced a quarterly dividend of $1.2125 per share, yielding 2.3% annually, indicating a healthy payout ratio of 34.69%.

DICK'S Sporting Goods, Inc. (NYSE:DKS - Get Free Report) has been assigned a consensus recommendation of "Hold" from the nineteen analysts that are covering the stock, MarketBeat reports. Ten analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $221.50.

Several equities research analysts recently weighed in 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. Telsey Advisory Group reiterated an "outperform" rating and set a $220.00 price objective on shares of DICK'S Sporting Goods in a research report on Wednesday, May 28th. Gordon Haskett upgraded DICK'S Sporting Goods from a "reduce" rating to a "hold" rating in a report on Friday, July 25th. Loop Capital set a $215.00 price target on shares of DICK'S Sporting Goods and gave the company a "hold" rating in a research note on Wednesday. Finally, Citigroup reaffirmed a "neutral" rating on shares of DICK'S Sporting Goods in a research report on Thursday, May 29th.

Insider Buying and Selling at DICK'S Sporting Goods

In other news, EVP Navdeep Gupta sold 9,303 shares of the stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $215.00, for a total transaction of $2,000,145.00. Following the completion of the sale, the executive vice president owned 87,778 shares of the company's stock, valued at approximately $18,872,270. This represents a 9.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $8,217,160.28. Following the completion of the sale, the chief executive officer directly owned 299,990 shares in the company, valued at approximately $61,371,954.20. This trade represents a 11.81% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 55,866 shares of company stock valued at $11,462,773. 32.55% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DKS. LPL Financial LLC boosted its position in shares of DICK'S Sporting Goods by 12.0% during the fourth quarter. LPL Financial LLC now owns 48,328 shares of the sporting goods retailer's stock valued at $11,059,000 after purchasing an additional 5,187 shares in the last quarter. Schroder Investment Management Group boosted its holdings in shares of DICK'S Sporting Goods by 397.0% during the 4th quarter. Schroder Investment Management Group now owns 18,032 shares of the sporting goods retailer's stock valued at $4,179,000 after acquiring an additional 14,404 shares during the last quarter. O Shaughnessy Asset Management LLC grew its position in DICK'S Sporting Goods by 1.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 6,929 shares of the sporting goods retailer's stock worth $1,586,000 after purchasing an additional 77 shares during the period. Wellington Management Group LLP bought a new stake in shares of DICK'S Sporting Goods in the fourth quarter worth $125,285,000. Finally, National Bank of Canada FI grew its stake in shares of DICK'S Sporting Goods by 7.3% during the 4th quarter. National Bank of Canada FI now owns 42,376 shares of the sporting goods retailer's stock valued at $9,697,000 after purchasing an additional 2,871 shares during the period. Hedge funds and other institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods Trading Down 2.4%

Shares of DICK'S Sporting Goods stock opened at $206.46 on Friday. DICK'S Sporting Goods has a 52-week low of $166.37 and a 52-week high of $254.60. The firm has a 50-day moving average of $194.89 and a 200-day moving average of $203.33. The stock has a market cap of $16.53 billion, a PE ratio of 14.77, a PEG ratio of 3.02 and a beta of 1.07. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.47 and a current ratio of 1.62.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 EPS for the quarter, meeting 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 firm had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.12 billion. As a group, sell-side 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. 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 yield of 2.3%. DICK'S Sporting Goods's payout ratio is presently 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.

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