Barclays Boosts DICK’S Sporting Goods (NYSE:DKS) Price Target to $247.00

DICK’S Sporting Goods (NYSE:DKS) had its target price lifted by Barclays from $231.00 to $247.00 in a research report sent to investors on Thursday morning, Benzinga reports. Barclays currently has an overweight rating on the sporting goods retailer’s stock.

DKS has been the subject of a number of other research reports. Morgan Stanley upped their target price on shares of DICK’S Sporting Goods from $235.00 to $245.00 and gave the stock an overweight rating in a report on Thursday. UBS Group increased their price objective on shares of DICK’S Sporting Goods from $215.00 to $220.00 and gave the company a neutral rating in a report on Thursday. Citigroup boosted their target price on DICK’S Sporting Goods from $220.00 to $230.00 and gave the stock a neutral rating in a report on Thursday. Wells Fargo & Company upped their price target on DICK’S Sporting Goods from $210.00 to $230.00 and gave the company an equal weight rating in a research report on Thursday. Finally, Gordon Haskett lifted their price objective on DICK’S Sporting Goods from $190.00 to $260.00 and gave the stock a buy rating in a research report on Monday, April 8th. Eleven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, DICK’S Sporting Goods has an average rating of Moderate Buy and an average price target of $237.09.

DICK’S Sporting Goods Stock Up 1.6 %

DKS stock opened at $227.64 on Thursday. The stock has a market capitalization of $18.77 billion, a P/E ratio of 18.84, a P/E/G ratio of 2.71 and a beta of 1.61. DICK’S Sporting Goods has a 52 week low of $100.98 and a 52 week high of $229.56. The firm has a 50-day simple moving average of $204.27 and a 200-day simple moving average of $172.45. The company has a quick ratio of 0.74, a current ratio of 1.71 and a debt-to-equity ratio of 0.55.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Wednesday, May 29th. The sporting goods retailer reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $2.94 by $0.36. The business had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.94 billion. DICK’S Sporting Goods had a return on equity of 41.80% and a net margin of 7.73%. The business’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.40 earnings per share. Equities analysts forecast that DICK’S Sporting Goods will post 13.72 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $1.10 per share. The ex-dividend date is Thursday, June 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.93%. DICK’S Sporting Goods’s payout ratio is currently 36.42%.

Insider Buying and Selling at DICK’S Sporting Goods

In other news, major shareholder William Colombo Trustee U/A Dt purchased 40,000 shares of the stock in a transaction dated Friday, March 15th. The stock was acquired at an average cost of $213.93 per share, for a total transaction of $8,557,200.00. Following the completion of the transaction, the insider now directly owns 8,818,615 shares in the company, valued at approximately $1,886,566,306.95. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. In other DICK’S Sporting Goods news, major shareholder William Colombo Trustee U/A Dt purchased 40,000 shares of the business’s stock in a transaction on Friday, March 15th. The shares were bought at an average cost of $213.93 per share, for a total transaction of $8,557,200.00. Following the completion of the purchase, the insider now directly owns 8,818,615 shares of the company’s stock, valued at $1,886,566,306.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Elizabeth H. Baran sold 2,175 shares of the stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $221.78, for a total transaction of $482,371.50. Following the sale, the senior vice president now directly owns 11,051 shares in the company, valued at approximately $2,450,890.78. The disclosure for this sale can be found here. Insiders have sold a total of 209,763 shares of company stock valued at $46,483,438 over the last quarter. 32.03% of the stock is owned by company insiders.

Institutional Trading of DICK’S Sporting Goods

A number of large investors have recently modified their holdings of the stock. Teachers Retirement System of The State of Kentucky boosted its holdings in DICK’S Sporting Goods by 24.2% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 146,792 shares of the sporting goods retailer’s stock valued at $33,008,000 after purchasing an additional 28,600 shares during the period. Cetera Investment Advisers purchased a new position in shares of DICK’S Sporting Goods in the 1st quarter valued at about $1,697,000. Swedbank AB purchased a new position in shares of DICK’S Sporting Goods in the 1st quarter valued at about $1,670,000. Virtu Financial LLC grew its position in shares of 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 buying an additional 25,700 shares in the last quarter. Finally, iA Global Asset Management Inc. purchased a new stake in shares of DICK’S Sporting Goods during the first quarter worth approximately $586,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

About DICK’S Sporting Goods

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.