DICK'S Sporting Goods, Inc. (NYSE:DKS) Receives $208.64 Consensus PT from Brokerages

Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the twenty-two ratings firms that are covering the firm, MarketBeat Ratings reports. Eleven equities research 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 brokerages that have updated their coverage on the stock in the last year is $208.64.

DKS has been the subject of a number of recent research reports. The Goldman Sachs Group increased their target price on DICK'S Sporting Goods from $157.00 to $247.00 and gave the stock a "buy" rating in a report on Friday, March 15th. Wells Fargo & Company increased their target price on DICK'S Sporting Goods from $175.00 to $210.00 and gave the stock an "equal weight" rating in a report on Friday, March 15th. Stifel Nicolaus increased their target price on DICK'S Sporting Goods from $126.00 to $215.00 and gave the stock a "hold" rating in a report on Friday, March 15th. Williams Trading raised DICK'S Sporting Goods from a "hold" rating to a "buy" rating and raised their price target for the company from $154.00 to $235.00 in a report on Thursday, March 14th. Finally, Gordon Haskett raised their price target on DICK'S Sporting Goods from $190.00 to $260.00 and gave the company a "buy" rating in a report on Monday, April 8th.

Insider Transactions at DICK'S Sporting Goods

In other DICK'S Sporting Goods news, SVP Elizabeth H. Baran sold 2,175 shares of the business's stock in a transaction dated 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 transaction, the senior vice president now directly owns 11,051 shares of the company's stock, valued at $2,450,890.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Chairman Edward W. Stack sold 151,210 shares of the business's stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $220.93, for a total value of $33,406,825.30. Following the sale, the chairman now directly owns 10,899,110 shares in the company, valued at $2,407,940,372.30. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Elizabeth H. Baran sold 2,175 shares of the business's stock in a transaction dated Friday, March 22nd. The shares were 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 in the company, valued at $2,450,890.78. The disclosure for this sale can be found here. Insiders have sold 209,763 shares of company stock worth $46,483,438 in the last three months. Insiders own 30.79% of the company's stock.

Institutional Trading of DICK'S Sporting Goods

A number of institutional investors have recently modified their holdings of the company. Commonwealth Equity Services LLC raised its holdings in DICK'S Sporting Goods by 7.1% during the third quarter. Commonwealth Equity Services LLC now owns 36,661 shares of the sporting goods retailer's stock worth $3,981,000 after acquiring an additional 2,436 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in DICK'S Sporting Goods by 16.2% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 21,560 shares of the sporting goods retailer's stock worth $2,341,000 after acquiring an additional 3,000 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in DICK'S Sporting Goods by 9.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,945 shares of the sporting goods retailer's stock worth $1,406,000 after acquiring an additional 1,151 shares in the last quarter. Strs Ohio raised its holdings in DICK'S Sporting Goods by 29.8% during the third quarter. Strs Ohio now owns 10,899 shares of the sporting goods retailer's stock worth $1,183,000 after acquiring an additional 2,501 shares in the last quarter. Finally, TD Asset Management Inc raised its holdings in DICK'S Sporting Goods by 90.9% during the third quarter. TD Asset Management Inc now owns 8,855 shares of the sporting goods retailer's stock worth $961,000 after acquiring an additional 4,216 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors.

DICK'S Sporting Goods Stock Performance

Shares of DKS stock traded up $1.85 during mid-day trading on Thursday, reaching $198.00. The stock had a trading volume of 878,330 shares, compared to its average volume of 1,134,866. The firm's 50 day simple moving average is $203.26 and its 200 day simple moving average is $161.79. The company has a quick ratio of 0.74, a current ratio of 1.78 and a debt-to-equity ratio of 0.57. DICK'S Sporting Goods has a one year low of $100.98 and a one year high of $225.79. The firm has a market cap of $16.32 billion, a PE ratio of 16.10, a P/E/G ratio of 2.46 and a beta of 1.61.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings data on Thursday, March 14th. The sporting goods retailer reported $3.85 EPS for the quarter, topping analysts' consensus estimates of $3.35 by $0.50. DICK'S Sporting Goods had a return on equity of 42.99% and a net margin of 8.06%. The company had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter last year, the company earned $2.93 EPS. The company's quarterly revenue was up 7.8% on a year-over-year basis. On average, analysts forecast that DICK'S Sporting Goods will post 13.26 EPS for the current year.

DICK'S Sporting Goods Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were given a $1.10 dividend. This is a positive change from DICK'S Sporting Goods's previous quarterly dividend of $1.00. This represents a $4.40 annualized dividend and a dividend yield of 2.22%. The ex-dividend date was Wednesday, March 27th. DICK'S Sporting Goods's dividend payout ratio (DPR) is currently 36.12%.

DICK'S Sporting Goods Company Profile

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