DICK'S Sporting Goods, Inc. (NYSE:DKS) Given Consensus Recommendation of "Moderate Buy" by Analysts

DICK'S Sporting Goods, Inc. (NYSE:DKS - Get Free Report) has earned an average recommendation of "Moderate Buy" from the nineteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $244.72.

Several equities analysts have recently commented on the company. Morgan Stanley raised their price target on DICK'S Sporting Goods from $245.00 to $255.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Robert W. Baird cut their price target on DICK'S Sporting Goods from $235.00 to $230.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 12th. Guggenheim restated a "neutral" rating on shares of DICK'S Sporting Goods in a research note on Wednesday, March 12th. Stifel Nicolaus cut their price target on DICK'S Sporting Goods from $226.00 to $192.00 and set a "hold" rating on the stock in a research note on Thursday, April 10th. Finally, Truist Financial set a $245.00 target price on DICK'S Sporting Goods in a research note on Tuesday, March 11th.

DICK'S Sporting Goods Trading Up 1.2 %

Shares of NYSE:DKS traded up $2.21 on Thursday, hitting $192.08. 640,523 shares of the company's stock were exchanged, compared to its average volume of 1,163,472. DICK'S Sporting Goods has a 12 month low of $166.37 and a 12 month high of $254.60. The stock has a market capitalization of $15.34 billion, a price-to-earnings ratio of 13.73, a price-to-earnings-growth ratio of 2.47 and a beta of 1.32. The business's 50 day simple moving average is $198.17 and its two-hundred day simple moving average is $212.73. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its earnings results on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share for the quarter, topping the consensus estimate of $3.47 by $0.15. The business had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.76 billion. DICK'S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The business's revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the company earned $3.85 earnings per share. Analysts anticipate that DICK'S Sporting Goods will post 13.89 EPS for the current fiscal year.

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

DICK'S Sporting Goods Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were issued a dividend of $1.2125 per share. This is an increase from DICK'S Sporting Goods's previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Friday, March 28th. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.52%. DICK'S Sporting Goods's payout ratio is 34.54%.

Institutional Investors Weigh In On DICK'S Sporting Goods

A number of institutional investors and hedge funds have recently modified their holdings of the company. IFM Investors Pty Ltd lifted its holdings in shares of DICK'S Sporting Goods by 7.6% during the first quarter. IFM Investors Pty Ltd now owns 11,632 shares of the sporting goods retailer's stock worth $2,428,000 after purchasing an additional 818 shares during the period. OneDigital Investment Advisors LLC acquired a new stake in shares of DICK'S Sporting Goods during the first quarter worth about $214,000. Mutual Advisors LLC lifted its holdings in shares of DICK'S Sporting Goods by 12.1% during the first quarter. Mutual Advisors LLC now owns 2,220 shares of the sporting goods retailer's stock worth $417,000 after purchasing an additional 240 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in DICK'S Sporting Goods by 0.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 11,881 shares of the sporting goods retailer's stock valued at $2,395,000 after acquiring an additional 100 shares during the period. Finally, Private Trust Co. NA boosted its position in DICK'S Sporting Goods by 54.1% in 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. Institutional investors and hedge funds own 89.83% of the company's stock.

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.