DICK’S Sporting Goods (NYSE:DKS) Hits New 12-Month High at $227.95

DICK’S Sporting Goods, Inc. (NYSE:DKSGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $227.95 and last traded at $227.42, with a volume of 1381000 shares trading hands. The stock had previously closed at $195.00.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DKS. Stifel Nicolaus increased their target price on DICK’S Sporting Goods from $126.00 to $215.00 and gave the company a “hold” rating in a research report on Friday, March 15th. Wells Fargo & Company increased their target price on DICK’S Sporting Goods from $175.00 to $210.00 and gave the company an “equal weight” rating in a research report on Friday, March 15th. Barclays lowered their target price on shares of DICK’S Sporting Goods from $239.00 to $231.00 and set an “overweight” rating on the stock in a research note on Monday, May 13th. Evercore ISI lifted their target price on shares of DICK’S Sporting Goods from $200.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday, March 15th. Finally, Bank of America raised shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and set a $240.00 target price on the stock in a research note on Wednesday. Eleven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $215.68.

Read Our Latest Report on DICK’S Sporting Goods

DICK’S Sporting Goods Stock Performance

The stock has a market capitalization of $18.66 billion, a PE ratio of 18.67, a price-to-earnings-growth ratio of 2.32 and a beta of 1.61. The firm’s fifty day moving average is $204.02 and its 200-day moving average is $170.48. The company has a current ratio of 1.78, a quick ratio of 0.74 and a debt-to-equity ratio of 0.57.

DICK’S Sporting Goods (NYSE:DKSGet Free Report) last issued its quarterly earnings data on Thursday, March 14th. The sporting goods retailer reported $3.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.35 by $0.50. The firm had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.79 billion. DICK’S Sporting Goods had a net margin of 8.06% and a return on equity of 42.99%. DICK’S Sporting Goods’s revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.93 EPS. As a group, research analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.26 earnings per share for the current year.

DICK’S Sporting Goods Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This is a positive change from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. This represents a $4.40 dividend on an annualized basis and a yield of 1.94%. DICK’S Sporting Goods’s dividend payout ratio is 36.12%.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, Chairman Edward W. Stack sold 151,210 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $220.93, for a total transaction of $33,406,825.30. Following the sale, the chairman now directly owns 10,899,110 shares in the company, valued at $2,407,940,372.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other DICK’S Sporting Goods news, Chairman Edward W. Stack sold 151,210 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $220.93, for a total transaction of $33,406,825.30. Following the sale, the chairman now directly owns 10,899,110 shares in the company, valued at $2,407,940,372.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Elizabeth H. Baran sold 2,175 shares of the company’s stock in a transaction that occurred on 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 owns 11,051 shares in the company, valued at $2,450,890.78. The disclosure for this sale can be found here. Insiders have sold 209,763 shares of company stock worth $46,483,438 over the last three months. Company insiders own 32.03% of the company’s stock.

Institutional Trading of DICK’S Sporting Goods

A number of large investors have recently made changes to their positions in the company. Covestor Ltd increased its stake in shares of DICK’S Sporting Goods by 70.5% during the first quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer’s stock worth $30,000 after buying an additional 55 shares during the period. US Bancorp DE boosted its holdings in DICK’S Sporting Goods by 1.5% in the fourth quarter. US Bancorp DE now owns 4,901 shares of the sporting goods retailer’s stock valued at $720,000 after purchasing an additional 71 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in DICK’S Sporting Goods by 0.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 13,370 shares of the sporting goods retailer’s stock valued at $1,965,000 after purchasing an additional 87 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its holdings in DICK’S Sporting Goods by 0.3% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 28,218 shares of the sporting goods retailer’s stock valued at $4,147,000 after purchasing an additional 94 shares in the last quarter. Finally, Lakewood Asset Management LLC boosted its holdings in DICK’S Sporting Goods by 1.2% in the first quarter. Lakewood Asset Management LLC now owns 8,492 shares of the sporting goods retailer’s stock valued at $1,910,000 after purchasing an additional 97 shares in the last quarter. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Company Profile

(Get Free Report)

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.

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