DICK’S Sporting Goods (NYSE:DKS) Given New $250.00 Price Target at DA Davidson

DICK’S Sporting Goods (NYSE:DKS) had its price objective lifted by DA Davidson from $183.00 to $250.00 in a research report released on Friday morning, Benzinga reports. They currently have a buy rating on the sporting goods retailer’s stock.

Other analysts have also recently issued research reports about the stock. Citigroup upped their price target on shares of DICK’S Sporting Goods from $112.00 to $120.00 and gave the company a neutral rating in a research report on Wednesday, November 22nd. Robert W. Baird upped their price target on shares of DICK’S Sporting Goods from $145.00 to $185.00 and gave the company a neutral rating in a research report on Thursday. Morgan Stanley upped their price target on shares of DICK’S Sporting Goods from $160.00 to $235.00 and gave the company an overweight rating in a research report on Friday. Truist Financial upped their price target on shares of DICK’S Sporting Goods from $201.00 to $243.00 and gave the company a buy rating in a research report on Friday. Finally, Telsey Advisory Group upped their price target on shares of DICK’S Sporting Goods from $160.00 to $195.00 and gave the company an outperform rating in a research report on Monday, March 11th. Eleven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $196.95.

DICK’S Sporting Goods Price Performance

Shares of NYSE:DKS traded up $1.56 during trading on Friday, hitting $213.04. 1,382,984 shares of the company were exchanged, compared to its average volume of 1,228,734. The company has a quick ratio of 0.56, a current ratio of 1.78 and a debt-to-equity ratio of 0.57. DICK’S Sporting Goods has a 1-year low of $100.98 and a 1-year high of $222.92. The company has a market capitalization of $17.41 billion, a P/E ratio of 17.43, a price-to-earnings-growth ratio of 3.20 and a beta of 1.55. The business’s 50 day moving average is $163.78 and its 200-day moving average is $135.67.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Thursday, March 14th. The sporting goods retailer reported $3.85 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $3.79 billion. During the same quarter in the previous year, the firm posted $2.93 earnings per share. DICK’S Sporting Goods’s revenue for the quarter was up 7.8% on a year-over-year basis. Equities analysts forecast that DICK’S Sporting Goods will post 13.07 earnings per share for the current year.

DICK’S Sporting Goods Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Friday, March 29th will be paid a $1.10 dividend. This is a positive change from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. The ex-dividend date is Wednesday, March 27th. This represents a $4.40 annualized dividend and a yield of 2.07%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 32.84%.

Institutional Investors Weigh In On DICK’S Sporting Goods

Several institutional investors and hedge funds have recently added to or reduced their stakes in DKS. US Bancorp DE increased its stake in shares of 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 during the last quarter. Sei Investments Co. raised its position in shares of DICK’S Sporting Goods by 0.3% during the 4th quarter. Sei Investments Co. now owns 25,381 shares of the sporting goods retailer’s stock valued at $3,729,000 after buying an additional 72 shares in the last quarter. Atlas Capital Advisors LLC raised its position in shares of DICK’S Sporting Goods by 4.8% during the 1st quarter. Atlas Capital Advisors LLC now owns 1,733 shares of the sporting goods retailer’s stock valued at $246,000 after buying an additional 79 shares in the last quarter. Thrivent Financial for Lutherans raised its position in DICK’S Sporting Goods by 0.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 15,871 shares of the sporting goods retailer’s stock worth $2,098,000 after purchasing an additional 79 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in DICK’S Sporting Goods by 0.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 13,370 shares of the sporting goods retailer’s stock worth $1,965,000 after purchasing an additional 87 shares during the period. Hedge funds and other institutional investors own 68.21% of the company’s stock.

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.