DICK'S Sporting Goods, Inc. (NYSE:DKS) Receives $220.11 Consensus Target Price from Analysts

Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Get Free Report) have received an average recommendation of "Hold" from the nineteen ratings firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $220.11.

DKS has been the subject of a number of recent research reports. TD Cowen downgraded DICK'S Sporting Goods from a "buy" rating to a "hold" rating and set a $216.00 target price for the company. in a research report on Thursday, May 15th. UBS Group decreased their price target on shares of DICK'S Sporting Goods from $260.00 to $225.00 and set a "buy" rating on the stock in a research note on Thursday, May 29th. Loop Capital cut their price objective on shares of DICK'S Sporting Goods from $195.00 to $180.00 and set a "hold" rating for the company in a research note on Friday, May 16th. Guggenheim reaffirmed a "neutral" rating on shares of DICK'S Sporting Goods in a report on Wednesday, March 12th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $220.00 target price on shares of DICK'S Sporting Goods in a research report on Wednesday, May 28th.

DICK'S Sporting Goods Price Performance

Shares of DKS stock traded down $8.01 during trading on Friday, hitting $176.38. The company had a trading volume of 1,422,033 shares, compared to its average volume of 1,255,130. The stock's 50-day moving average is $184.72 and its two-hundred day moving average is $208.49. The stock has a market capitalization of $14.09 billion, a price-to-earnings ratio of 12.61, a price-to-earnings-growth ratio of 2.47 and a beta of 1.07. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. DICK'S Sporting Goods has a 52 week low of $166.37 and a 52 week 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 for the quarter, meeting the consensus estimate of $3.37. DICK'S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The firm had revenue of $3.16 billion for the quarter, compared to analysts' expectations of $3.12 billion. As a group, analysts predict that DICK'S Sporting Goods will post 13.89 EPS for the current fiscal year.

DICK'S Sporting Goods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be given a $1.2125 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.75%. DICK'S Sporting Goods's dividend payout ratio is currently 34.69%.

DICK'S Sporting Goods declared that its Board of Directors has approved a share repurchase plan on Tuesday, March 11th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the sporting goods retailer to buy up to 18.5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

Institutional Trading of DICK'S Sporting Goods

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DKS. Park Square Financial Group LLC bought a new position in DICK'S Sporting Goods in the 4th quarter worth $27,000. Ancora Advisors LLC purchased a new position in shares of DICK'S Sporting Goods during the fourth quarter valued at about $28,000. Rialto Wealth Management LLC bought a new position in DICK'S Sporting Goods in the fourth quarter worth about $30,000. Bessemer Group Inc. lifted its holdings in DICK'S Sporting Goods by 108.6% in the fourth quarter. Bessemer Group Inc. now owns 146 shares of the sporting goods retailer's stock worth $33,000 after buying an additional 76 shares during the period. Finally, Private Trust Co. NA lifted its holdings in DICK'S Sporting Goods by 54.1% in the first quarter. Private Trust Co. NA now owns 188 shares of the sporting goods retailer's stock worth $38,000 after buying an additional 66 shares during the period. Hedge funds and other institutional investors own 89.83% of the company's stock.

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.