DICK’S Sporting Goods (NYSE:DKS) Price Target Raised to $243.00 at Truist Financial

DICK’S Sporting Goods (NYSE:DKS) had its target price raised by Truist Financial from $201.00 to $243.00 in a research report released on Friday morning, Benzinga reports. The brokerage currently has a buy rating on the sporting goods retailer’s stock.

Other analysts also recently issued reports about the company. Barclays upped their target price on DICK’S Sporting Goods from $194.00 to $239.00 and gave the company an overweight rating in a research report on Monday. Morgan Stanley upped their target price on DICK’S Sporting Goods from $145.00 to $150.00 and gave the company an overweight rating in a research report on Wednesday, November 22nd. Telsey Advisory Group upped their price objective on DICK’S Sporting Goods from $160.00 to $195.00 and gave the stock an outperform rating in a research report on Monday, March 11th. Robert W. Baird upped their price objective on DICK’S Sporting Goods from $145.00 to $185.00 and gave the stock a neutral rating in a research report on Thursday. Finally, Wedbush upped their price objective on DICK’S Sporting Goods from $115.00 to $130.00 and gave the stock a neutral rating in a research report on Wednesday, November 22nd. Eleven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Hold and a consensus target price of $196.95.

DICK’S Sporting Goods Stock Performance

NYSE DKS traded up $1.56 on Friday, reaching $213.04. The stock had a trading volume of 1,382,984 shares, compared to its average volume of 1,228,734. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.78 and a quick ratio of 0.56. The firm has a fifty day moving average of $163.78 and a two-hundred day moving average of $135.67. 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 cap 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.

DICK’S Sporting Goods (NYSE:DKS) last released its 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. The firm had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.79 billion. DICK’S Sporting Goods had a return on equity of 42.99% and a net margin of 8.06%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.93 EPS. On average, equities research analysts anticipate that DICK’S Sporting Goods will post 13.07 EPS for the current year.

DICK’S Sporting Goods Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Friday, March 29th will be paid a $1.10 dividend. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $4.40 annualized dividend and a dividend yield of 2.07%. DICK’S Sporting Goods’s dividend payout ratio is presently 32.84%.

Institutional Investors Weigh In On DICK’S Sporting Goods

Several institutional investors and hedge funds have recently made changes to their positions in DKS. Quarry LP acquired a new stake in shares of DICK’S Sporting Goods in the second quarter valued at about $26,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in DICK’S Sporting Goods by 280.0% during the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 190 shares of the sporting goods retailer’s stock worth $28,000 after purchasing an additional 140 shares during the period. Fortis Capital Advisors LLC acquired a new stake in DICK’S Sporting Goods during the first quarter worth approximately $28,000. Pinnacle Holdings LLC acquired a new stake in DICK’S Sporting Goods during the fourth quarter worth approximately $39,000. Finally, Blue Trust Inc. grew its stake in DICK’S Sporting Goods by 236.8% during the fourth quarter. Blue Trust Inc. now owns 293 shares of the sporting goods retailer’s stock worth $43,000 after purchasing an additional 206 shares during the period. Institutional investors and hedge funds own 68.21% of the company’s stock.

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.