DICK’S Sporting Goods’ (DKS) Neutral Rating Reiterated at Wedbush

Wedbush reiterated their neutral rating on shares of DICK’S Sporting Goods (NYSE:DKS) in a report issued on Tuesday, Benzinga reports. They currently have a $210.00 target price on the sporting goods retailer’s stock.

DKS has been the topic of a number of other reports. Truist Financial lifted their price objective on shares of DICK’S Sporting Goods from $201.00 to $243.00 and gave the company a buy rating in a research note on Friday, March 15th. Gordon Haskett lifted their price objective on shares of DICK’S Sporting Goods from $190.00 to $260.00 and gave the company a buy rating in a research note on Monday, April 8th. Williams Trading upgraded shares of DICK’S Sporting Goods from a hold rating to a buy rating and lifted their price objective for the company from $154.00 to $235.00 in a research note on Thursday, March 14th. Telsey Advisory Group lifted their price objective on shares of DICK’S Sporting Goods from $160.00 to $195.00 and gave the company an outperform rating in a research note on Monday, March 11th. Finally, DA Davidson boosted their price target on shares of DICK’S Sporting Goods from $183.00 to $250.00 and gave the stock a buy rating in a research note on Friday, March 15th. Twelve equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of Hold and an average target price of $210.45.

DICK’S Sporting Goods Price Performance

Shares of DKS opened at $189.97 on Tuesday. DICK’S Sporting Goods has a 1-year low of $100.98 and a 1-year high of $225.79. The stock has a market cap of $15.66 billion, a PE ratio of 15.60, a price-to-earnings-growth ratio of 2.25 and a beta of 1.61. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.78 and a quick ratio of 0.74. The firm has a fifty day moving average price of $204.88 and a 200 day moving average price of $168.57.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Thursday, March 14th. The sporting goods retailer reported $3.85 earnings per share for the quarter, beating 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 previous year, the company earned $2.93 earnings per share. DICK’S Sporting Goods’s quarterly revenue was up 7.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that DICK’S Sporting Goods will post 13.27 EPS for the current year.

DICK’S Sporting Goods Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 2.32%. The ex-dividend date was Wednesday, March 27th. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. DICK’S Sporting Goods’s dividend payout ratio is 36.12%.

Insider Buying and Selling at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, Chairman Edward W. Stack sold 151,210 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $220.93, for a total value of $33,406,825.30. Following the sale, the chairman now owns 10,899,110 shares of the company’s stock, valued at $2,407,940,372.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Elizabeth H. Baran sold 2,175 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $221.78, for a total transaction of $482,371.50. Following the transaction, 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 Securities & Exchange Commission, which is accessible through this link. Also, Chairman Edward W. Stack sold 151,210 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $220.93, for a total transaction of $33,406,825.30. Following the transaction, the chairman now directly owns 10,899,110 shares in the company, valued at approximately $2,407,940,372.30. The disclosure for this sale can be found here. Insiders have sold 209,763 shares of company stock valued at $46,483,438 over the last quarter. Corporate insiders own 32.03% of the company’s stock.

Hedge Funds Weigh In On DICK’S Sporting Goods

Several institutional investors and hedge funds have recently modified their holdings of the company. Cetera Investment Advisers purchased a new position in DICK’S Sporting Goods during the first quarter worth approximately $1,697,000. Swedbank AB purchased a new position in DICK’S Sporting Goods during the first quarter worth approximately $1,670,000. Virtu Financial LLC raised its stake in DICK’S Sporting Goods by 1,056.3% during the first quarter. Virtu Financial LLC now owns 28,133 shares of the sporting goods retailer’s stock worth $6,326,000 after purchasing an additional 25,700 shares during the period. iA Global Asset Management Inc. purchased a new position in DICK’S Sporting Goods during the first quarter worth approximately $586,000. Finally, LBP AM SA purchased a new position in DICK’S Sporting Goods during the first quarter worth approximately $1,405,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

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.