DICK'S Sporting Goods (NYSE:DKS) Coverage Initiated by Analysts at Jefferies Financial Group

Jefferies Financial Group started coverage on shares of DICK'S Sporting Goods (NYSE:DKS - Free Report) in a research note released on Friday morning, Marketbeat reports. The brokerage issued a hold rating and a $211.00 target price on the sporting goods retailer's stock.

Several other research firms have also recently weighed in on DKS. Oppenheimer increased their price objective on shares of DICK'S Sporting Goods from $190.00 to $240.00 and gave the stock an outperform rating in a research report on Wednesday, March 20th. Gordon Haskett lifted their price objective on DICK'S Sporting Goods from $190.00 to $260.00 and gave the stock a buy rating in a research report on Monday. The Goldman Sachs Group upped their target price on DICK'S Sporting Goods from $157.00 to $247.00 and gave the company a buy rating in a research report on Friday, March 15th. Morgan Stanley boosted their price target on DICK'S Sporting Goods from $160.00 to $235.00 and gave the company an overweight rating in a research note on Friday, March 15th. Finally, Loop Capital increased their price target on DICK'S Sporting Goods from $150.00 to $220.00 and gave the stock a hold rating in a report on Monday, March 18th. Twelve investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Hold and an average price target of $208.64.

DICK'S Sporting Goods Trading Down 2.1 %

NYSE DKS traded down $4.31 on Friday, reaching $203.13. The company had a trading volume of 700,242 shares, compared to its average volume of 1,224,495. The firm has a market cap of $16.75 billion, a price-to-earnings ratio of 16.72, a P/E/G ratio of 2.50 and a beta of 1.58. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.78 and a quick ratio of 0.74. DICK'S Sporting Goods has a fifty-two week low of $100.98 and a fifty-two week high of $225.79. The business has a 50 day moving average of $190.10 and a two-hundred day moving average of $148.99.

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

DICK'S Sporting Goods Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Friday, March 29th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Wednesday, March 27th. 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 2.17%. DICK'S Sporting Goods's dividend payout ratio (DPR) is currently 36.12%.

Insider Transactions at DICK'S Sporting Goods

In other news, CEO Lauren R. Hobart sold 40,167 shares of the firm's stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $223.95, for a total transaction of $8,995,399.65. Following the completion of the sale, the chief executive officer now owns 280,136 shares in the company, valued at approximately $62,736,457.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other DICK'S Sporting Goods news, CFO Navdeep Gupta sold 16,211 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $222.00, for a total transaction of $3,598,842.00. Following the completion of the transaction, the chief financial officer now owns 87,628 shares in the company, valued at $19,453,416. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lauren R. Hobart sold 40,167 shares of the business's stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $223.95, for a total transaction of $8,995,399.65. Following the completion of the sale, the chief executive officer now directly owns 280,136 shares in the company, valued at approximately $62,736,457.20. 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 ninety days. Company insiders own 30.79% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. US Bancorp DE lifted its holdings in DICK'S Sporting Goods by 1.5% during the 4th quarter. US Bancorp DE now owns 4,901 shares of the sporting goods retailer's stock worth $720,000 after purchasing an additional 71 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of DICK'S Sporting Goods by 0.3% in the fourth quarter. Sei Investments Co. now owns 25,381 shares of the sporting goods retailer's stock worth $3,729,000 after buying an additional 72 shares in the last quarter. Atlas Capital Advisors LLC grew its stake in DICK'S Sporting Goods by 4.8% during the first quarter. Atlas Capital Advisors LLC now owns 1,733 shares of the sporting goods retailer's stock valued at $246,000 after acquiring an additional 79 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in DICK'S Sporting Goods by 0.5% during the second quarter. Thrivent Financial for Lutherans now owns 15,871 shares of the sporting goods retailer's stock valued at $2,098,000 after acquiring an additional 79 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in DICK'S Sporting Goods by 0.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 13,370 shares of the sporting goods retailer's stock worth $1,965,000 after acquiring an additional 87 shares during the period. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

About DICK'S Sporting Goods

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.