DICK’S Sporting Goods (NYSE:DKS) Shares Up 5.2% – Still a Buy?

DICK’S Sporting Goods, Inc. (NYSE:DKS) shares traded up 5.2% on Monday . The stock traded as high as $218.56 and last traded at $218.02. 846,668 shares traded hands during trading, a decline of 22% from the average session volume of 1,090,662 shares. The stock had previously closed at $207.24.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Loop Capital increased their price target on DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “hold” rating in a research report on Wednesday, November 27th. Robert W. Baird reissued a “neutral” rating and set a $235.00 target price on shares of DICK’S Sporting Goods in a research note on Wednesday, August 28th. UBS Group raised shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and increased their target price for the stock from $225.00 to $260.00 in a research note on Wednesday, November 27th. Evercore ISI reissued an “outperform” rating and set a $280.00 target price on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Finally, Wells Fargo & Company lowered their target price on shares of DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating on the stock in a research note on Monday, August 12th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $244.95.

DICK’S Sporting Goods Price Performance

The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.69 and a current ratio of 1.72. The stock’s 50-day moving average is $205.65 and its two-hundred day moving average is $210.92. The stock has a market cap of $17.54 billion, a PE ratio of 14.85, a PEG ratio of 2.36 and a beta of 1.64.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.68 by $0.07. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The business had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.03 billion. During the same period in the previous year, the firm posted $2.85 earnings per share. The company’s revenue was up .5% on a year-over-year basis. On average, equities analysts predict that DICK’S Sporting Goods, Inc. will post 13.88 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The firm also recently disclosed 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. This represents a $4.40 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend is Friday, December 13th. DICK’S Sporting Goods’s payout ratio is 31.45%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DKS. Tidal Investments LLC raised its holdings in DICK’S Sporting Goods by 47.3% during the third quarter. Tidal Investments LLC now owns 7,597 shares of the sporting goods retailer’s stock worth $1,585,000 after purchasing an additional 2,441 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in DICK’S Sporting Goods in the 3rd quarter valued at $140,000. World Investment Advisors LLC purchased a new position in DICK’S Sporting Goods in the 3rd quarter valued at $211,000. Toronto Dominion Bank grew its position in DICK’S Sporting Goods by 29.1% in the 3rd quarter. Toronto Dominion Bank now owns 7,322 shares of the sporting goods retailer’s stock valued at $1,528,000 after buying an additional 1,650 shares during the last quarter. Finally, Coldstream Capital Management Inc. grew its position in DICK’S Sporting Goods by 5.7% in the 3rd quarter. Coldstream Capital Management Inc. now owns 10,271 shares of the sporting goods retailer’s stock valued at $2,143,000 after buying an additional 553 shares during the last quarter. 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.