DICK’S Sporting Goods (NYSE:DKS) Stock Price Expected to Rise, Truist Financial Analyst Says

DICK’S Sporting Goods (NYSE:DKS) had its target price hoisted by Truist Financial from $256.00 to $258.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have a buy rating on the sporting goods retailer’s stock.

DKS has been the topic of several other reports. Wells Fargo & Company dropped their price target on DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating on the stock in a research report on Monday, August 12th. JPMorgan Chase & Co. increased their price target on shares of DICK’S Sporting Goods from $211.00 to $215.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Wedbush restated a “neutral” rating and issued a $250.00 price target on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. DA Davidson reaffirmed a “buy” rating and set a $265.00 price objective on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Finally, Evercore ISI reissued an “outperform” rating and set a $280.00 target price on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $244.95.

DICK’S Sporting Goods Trading Up 0.7 %

NYSE:DKS opened at $213.70 on Wednesday. The company has a quick ratio of 0.69, a current ratio of 1.77 and a debt-to-equity ratio of 0.51. The company’s 50 day moving average is $205.76 and its 200-day moving average is $210.64. The firm has a market cap of $17.40 billion, a price-to-earnings ratio of 15.68, a P/E/G ratio of 2.45 and a beta of 1.64. DICK’S Sporting Goods has a 12 month low of $120.39 and a 12 month high of $239.30.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.68 by $0.07. The firm had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.03 billion. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The business’s revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.85 EPS. Equities analysts anticipate that DICK’S Sporting Goods will post 13.88 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a $1.10 dividend. The ex-dividend date is Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.06%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 32.28%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in DKS. ORG Partners LLC raised its stake in shares of DICK’S Sporting Goods by 37.0% in the third quarter. ORG Partners LLC now owns 200 shares of the sporting goods retailer’s stock worth $42,000 after acquiring an additional 54 shares during the last quarter. CIBC Asset Management Inc raised its position in DICK’S Sporting Goods by 1.7% in the 3rd quarter. CIBC Asset Management Inc now owns 3,232 shares of the sporting goods retailer’s stock worth $675,000 after purchasing an additional 54 shares during the last quarter. Quent Capital LLC lifted its holdings in DICK’S Sporting Goods by 0.6% during the 2nd quarter. Quent Capital LLC now owns 9,752 shares of the sporting goods retailer’s stock worth $2,095,000 after buying an additional 57 shares in the last quarter. Vista Capital Partners Inc. lifted its holdings in DICK’S Sporting Goods by 5.7% during the 2nd quarter. Vista Capital Partners Inc. now owns 1,057 shares of the sporting goods retailer’s stock worth $227,000 after buying an additional 57 shares in the last quarter. Finally, Range Financial Group LLC boosted its position in DICK’S Sporting Goods by 0.8% in the 2nd quarter. Range Financial Group LLC now owns 9,386 shares of the sporting goods retailer’s stock valued at $2,017,000 after buying an additional 75 shares during the last quarter. Institutional investors and hedge funds 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.