DICK’S Sporting Goods (NYSE:DKS) PT Raised to $226.00 at TD Cowen

DICK’S Sporting Goods (NYSE:DKS) had its price target upped by TD Cowen from $177.00 to $226.00 in a report published on Thursday, Benzinga reports. The firm currently has an outperform rating on the sporting goods retailer’s stock.

Several other analysts also recently issued reports on DKS. DA Davidson upped their price target on DICK’S Sporting Goods from $183.00 to $250.00 and gave the stock a buy rating in a research note on Friday. 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 note on Friday. 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 note on Friday. Robert W. Baird increased their target price on DICK’S Sporting Goods from $145.00 to $185.00 and gave the company a neutral rating in a research note on Thursday. Finally, Truist Financial increased their target price on DICK’S Sporting Goods from $201.00 to $243.00 and gave the company a buy rating in a research note on Friday. Eleven analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, DICK’S Sporting Goods currently has a consensus rating of Hold and a consensus price target of $196.95.

DICK’S Sporting Goods Stock Up 0.7 %

Shares of DKS traded up $1.56 during trading hours on Thursday, hitting $213.04. 1,382,984 shares of the company were exchanged, compared to its average volume of 1,228,734. The company has a market cap of $17.41 billion, a PE ratio of 17.43, a PEG ratio of 3.20 and a beta of 1.55. The firm’s 50 day moving average is $163.78 and its 200-day moving average is $135.67. DICK’S Sporting Goods has a 52 week low of $100.98 and a 52 week high of $222.92. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.56 and a current ratio of 1.78.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Thursday, March 14th. The sporting goods retailer reported $3.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.35 by $0.50. The company had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.79 billion. DICK’S Sporting Goods had a return on equity of 42.99% and a net margin of 8.06%. The firm’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.93 EPS. On average, equities research analysts forecast that DICK’S Sporting Goods will post 13.07 EPS for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Friday, March 29th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is 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 annualized dividend and a yield of 2.07%. DICK’S Sporting Goods’s payout ratio is currently 32.84%.

Institutional Trading of DICK’S Sporting Goods

A number of institutional investors have recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of DICK’S Sporting Goods by 7.2% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,056 shares of the sporting goods retailer’s stock valued at $2,306,000 after acquiring an additional 1,541 shares during the last quarter. Great West Life Assurance Co. Can increased its position in shares of DICK’S Sporting Goods by 14.5% in the first quarter. Great West Life Assurance Co. Can now owns 40,257 shares of the sporting goods retailer’s stock valued at $4,161,000 after acquiring an additional 5,111 shares during the last quarter. Yousif Capital Management LLC increased its position in shares of DICK’S Sporting Goods by 0.6% in the first quarter. Yousif Capital Management LLC now owns 36,694 shares of the sporting goods retailer’s stock valued at $3,670,000 after acquiring an additional 217 shares during the last quarter. Sei Investments Co. increased its position in DICK’S Sporting Goods by 20.3% during the first quarter. Sei Investments Co. now owns 30,737 shares of the sporting goods retailer’s stock worth $3,160,000 after buying an additional 5,182 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its position in DICK’S Sporting Goods by 34.4% during the first quarter. Canada Pension Plan Investment Board now owns 2,047 shares of the sporting goods retailer’s stock worth $204,000 after buying an additional 524 shares during the last quarter. 68.21% of the stock is currently owned by institutional investors.

DICK’S Sporting Goods Company Profile

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.