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

Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Get Free Report) have been given an average recommendation of "Moderate Buy" by the twenty-two research firms that are presently covering the stock, MarketBeat reports. Eleven research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $208.64.

A number of brokerages have commented on DKS. Stifel Nicolaus boosted their price objective on shares of DICK'S Sporting Goods from $126.00 to $215.00 and gave the stock a "hold" rating in a report on Friday, March 15th. Jefferies Financial Group assumed coverage on shares of DICK'S Sporting Goods in a report on Friday. They issued a "hold" rating and a $211.00 price objective on the stock. Wells Fargo & Company upped their target price on shares of DICK'S Sporting Goods from $175.00 to $210.00 and gave the company an "equal weight" rating in a research note on Friday, March 15th. Oppenheimer upped their target price on shares of DICK'S Sporting Goods from $190.00 to $240.00 and gave the company an "outperform" rating in a research note on Wednesday, March 20th. Finally, Evercore ISI upped their target price on shares of DICK'S Sporting Goods from $200.00 to $240.00 and gave the company an "outperform" rating in a research note on Friday, March 15th.

DICK'S Sporting Goods Stock Down 2.1 %

DICK'S Sporting Goods stock traded down $4.31 during trading on Friday, reaching $203.13. 700,265 shares of the company's stock were exchanged, compared to its average volume of 1,387,407. The company's 50-day moving average is $191.04 and its two-hundred day moving average is $150.26. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.74 and a current ratio of 1.78. DICK'S Sporting Goods has a 52-week low of $100.98 and a 52-week high of $225.79. The firm has a market cap of $16.75 billion, a price-to-earnings ratio of 16.68, a PEG ratio of 2.46 and a beta of 1.58.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings results on Thursday, March 14th. The sporting goods retailer reported $3.85 earnings per share for the quarter, topping analysts' consensus estimates of $3.35 by $0.50. DICK'S Sporting Goods had a net margin of 8.06% and a return on equity of 42.99%. The firm had revenue of $3.88 billion during the quarter, compared to analysts' expectations of $3.79 billion. During the same period in the prior year, the company earned $2.93 EPS. The firm's revenue was up 7.8% on a year-over-year basis. On average, analysts predict that DICK'S Sporting Goods will post 13.29 earnings per share for the current year.

DICK'S Sporting Goods Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.17%. This is a boost from DICK'S Sporting Goods's previous quarterly dividend of $1.00. The ex-dividend date was Wednesday, March 27th. DICK'S Sporting Goods's payout ratio is presently 36.12%.

Insider Buying and Selling

In other news, SVP Elizabeth H. Baran sold 2,175 shares of the company's stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $221.78, for a total transaction of $482,371.50. Following the sale, the senior vice president now directly owns 11,051 shares in the company, valued at $2,450,890.78. The sale was disclosed in a document filed with the SEC, which is available at this link. In other DICK'S Sporting Goods news, SVP Elizabeth H. Baran sold 2,175 shares of the company's stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $221.78, for a total value of $482,371.50. Following the completion of the sale, the senior vice president now owns 11,051 shares of the company's stock, valued at $2,450,890.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Lauren R. Hobart sold 40,167 shares of the company's stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $223.95, for a total value of $8,995,399.65. Following the completion of the sale, the chief executive officer now directly owns 280,136 shares of the company's stock, valued at approximately $62,736,457.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 209,763 shares of company stock valued at $46,483,438. 30.79% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC raised its stake in DICK'S Sporting Goods by 1,305.5% during the 4th quarter. SG Americas Securities LLC now owns 5,917 shares of the sporting goods retailer's stock valued at $870,000 after purchasing an additional 5,496 shares during the period. First Hawaiian Bank bought a new stake in DICK'S Sporting Goods during the 4th quarter valued at approximately $695,000. Pacer Advisors Inc. raised its stake in DICK'S Sporting Goods by 4.5% during the 4th quarter. Pacer Advisors Inc. now owns 817,300 shares of the sporting goods retailer's stock valued at $120,102,000 after purchasing an additional 34,942 shares during the period. Amalgamated Bank raised its stake in DICK'S Sporting Goods by 20.2% during the 3rd quarter. Amalgamated Bank now owns 47,899 shares of the sporting goods retailer's stock valued at $5,201,000 after purchasing an additional 8,061 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its stake in DICK'S Sporting Goods by 237.5% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 16,814 shares of the sporting goods retailer's stock valued at $1,802,000 after purchasing an additional 11,832 shares during the period. 89.83% of the stock is owned by hedge funds and other institutional investors.

DICK'S Sporting Goods Company Profile

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.