DICK’S Sporting Goods (NYSE:DKS) Given “Neutral” Rating at Wedbush

Wedbush reiterated their neutral rating on shares of DICK’S Sporting Goods (NYSE:DKS) in a research report report published on Wednesday,RTT News reports. They currently have a $215.00 price target on the sporting goods retailer’s stock, down from their previous price target of $250.00.

Several other analysts have also recently commented on the stock. DA Davidson reiterated a “buy” rating and issued a $265.00 price target on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Citigroup cut their price target on shares of DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Evercore ISI restated an “outperform” rating and issued a $280.00 target price on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Telsey Advisory Group restated an “outperform” rating and issued a $260.00 price objective on shares of DICK’S Sporting Goods in a report on Tuesday. Finally, JPMorgan Chase & Co. increased their price objective on shares of DICK’S Sporting Goods from $211.00 to $215.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned 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 price target of $244.95.

DICK’S Sporting Goods Stock Up 0.7 %

DKS opened at $213.70 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.69 and a current ratio of 1.77. DICK’S Sporting Goods has a fifty-two week low of $120.39 and a fifty-two week high of $239.30. The firm’s fifty day moving average is $205.76 and its 200 day moving average is $210.64. The stock has a market cap of $17.40 billion, a price-to-earnings ratio of 15.68, a price-to-earnings-growth ratio of 2.45 and a beta of 1.64.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, topping the consensus estimate of $2.68 by $0.07. The business had revenue of $3.06 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.85 EPS. On average, sell-side analysts forecast that DICK’S Sporting Goods will post 13.88 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of DKS. Janus Henderson Group PLC lifted its holdings in DICK’S Sporting Goods by 2.3% in the first quarter. Janus Henderson Group PLC now owns 6,948 shares of the sporting goods retailer’s stock valued at $1,562,000 after acquiring an additional 153 shares during the period. iA Global Asset Management Inc. acquired a new position in shares of DICK’S Sporting Goods during the 1st quarter worth approximately $586,000. Swedbank AB acquired a new position in shares of DICK’S Sporting Goods during the 1st quarter worth approximately $1,670,000. Cetera Investment Advisers acquired a new position in shares of DICK’S Sporting Goods during the 1st quarter worth approximately $1,697,000. Finally, Teachers Retirement System of The State of Kentucky raised its stake in shares of DICK’S Sporting Goods by 24.2% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 146,792 shares of the sporting goods retailer’s stock worth $33,008,000 after buying an additional 28,600 shares during the period. 89.83% of the stock is owned by institutional investors and hedge funds.

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.