DICK’S Sporting Goods (NYSE:DKS) Raised to “Buy” at Gordon Haskett

Gordon Haskett upgraded shares of DICK’S Sporting Goods (NYSE:DKSGet Rating) from a hold rating to a buy rating in a research report released on Tuesday, MarketBeat reports. They currently have $135.00 price target on the sporting goods retailer’s stock.

DKS has been the topic of several other reports. DA Davidson lifted their price objective on DICK’S Sporting Goods from $120.00 to $130.00 and gave the stock a buy rating in a report on Wednesday, August 24th. Bank of America boosted their target price on DICK’S Sporting Goods from $105.00 to $125.00 and gave the stock a buy rating in a report on Friday, August 19th. Cowen boosted their target price on DICK’S Sporting Goods from $128.00 to $142.00 in a report on Wednesday, August 24th. Morgan Stanley boosted their target price on DICK’S Sporting Goods from $115.00 to $125.00 and gave the stock an overweight rating in a report on Wednesday, August 24th. Finally, Evercore ISI boosted their target price on DICK’S Sporting Goods from $120.00 to $160.00 and gave the stock an outperform rating in a report on Wednesday, August 24th. Five investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, DICK’S Sporting Goods presently has a consensus rating of Moderate Buy and a consensus target price of $135.16.

DICK’S Sporting Goods Trading Up 1.0 %

DKS stock opened at $118.98 on Tuesday. The company has a current ratio of 1.81, a quick ratio of 0.75 and a debt-to-equity ratio of 0.69. DICK’S Sporting Goods has a 12-month low of $63.45 and a 12-month high of $132.75. The stock has a market cap of $9.42 billion, a price-to-earnings ratio of 10.50, a PEG ratio of 1.98 and a beta of 1.46. The business’s 50-day moving average is $110.23 and its 200 day moving average is $98.18.

DICK’S Sporting Goods (NYSE:DKSGet Rating) last posted its quarterly earnings data on Tuesday, August 23rd. The sporting goods retailer reported $3.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.53 by $0.15. DICK’S Sporting Goods had a return on equity of 52.43% and a net margin of 9.52%. The company had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $3.07 billion. During the same period in the previous year, the firm posted $5.08 EPS. DICK’S Sporting Goods’s revenue was down 5.0% compared to the same quarter last year. On average, sell-side analysts anticipate that DICK’S Sporting Goods will post 11.89 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 9th will be given a $0.488 dividend. This represents a $1.95 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Thursday, December 8th. DICK’S Sporting Goods’s payout ratio is 17.21%.

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. Steward Partners Investment Advisory LLC raised its position in DICK’S Sporting Goods by 17.6% in the first quarter. Steward Partners Investment Advisory LLC now owns 1,035 shares of the sporting goods retailer’s stock valued at $103,000 after purchasing an additional 155 shares during the period. CENTRAL TRUST Co raised its position in DICK’S Sporting Goods by 52.9% in the first quarter. CENTRAL TRUST Co now owns 1,070 shares of the sporting goods retailer’s stock valued at $107,000 after purchasing an additional 370 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of DICK’S Sporting Goods by 14.1% in the first quarter. Envestnet Asset Management Inc. now owns 110,631 shares of the sporting goods retailer’s stock worth $11,065,000 after acquiring an additional 13,660 shares in the last quarter. Hussman Strategic Advisors Inc. grew its stake in shares of DICK’S Sporting Goods by 40.0% in the first quarter. Hussman Strategic Advisors Inc. now owns 36,400 shares of the sporting goods retailer’s stock worth $3,641,000 after acquiring an additional 10,400 shares in the last quarter. Finally, ClariVest Asset Management LLC grew its stake in shares of DICK’S Sporting Goods by 4.1% in the first quarter. ClariVest Asset Management LLC now owns 268,352 shares of the sporting goods retailer’s stock worth $26,840,000 after acquiring an additional 10,600 shares in the last quarter. Hedge funds and other institutional investors own 78.85% of the company’s stock.

DICK’S Sporting Goods Company Profile

(Get Rating)

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

Further Reading

Analyst Recommendations for DICK'S Sporting Goods (NYSE:DKS)

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