DICK’S Sporting Goods (NYSE:DKS) Hits New 12-Month High at $224.94

DICK’S Sporting Goods, Inc. (NYSE:DKS)’s share price reached a new 52-week high on Thursday . The stock traded as high as $224.94 and last traded at $224.86, with a volume of 832710 shares changing hands. The stock had previously closed at $222.59.

Wall Street Analysts Forecast Growth

DKS has been the topic of several research reports. Evercore ISI upped their target price on DICK’S Sporting Goods from $200.00 to $240.00 and gave the company an “outperform” rating in a report on Friday, March 15th. Barclays increased their price objective on DICK’S Sporting Goods from $194.00 to $239.00 and gave the company an “overweight” rating in a research note on Monday, March 18th. The Goldman Sachs Group increased their price objective on DICK’S Sporting Goods from $157.00 to $247.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Loop Capital increased their price objective on DICK’S Sporting Goods from $150.00 to $220.00 and gave the company a “hold” rating in a research note on Monday, March 18th. Finally, UBS Group increased their price objective on DICK’S Sporting Goods from $142.00 to $215.00 and gave the company a “neutral” rating in a research note on Tuesday, March 19th. Eleven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $205.95.

DICK’S Sporting Goods Trading Up 1.1 %

The firm has a market capitalization of $18.39 billion, a PE ratio of 18.35, a P/E/G ratio of 2.61 and a beta of 1.55. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.74 and a current ratio of 1.78. The firm has a fifty day moving average of $176.32 and a 200 day moving average of $141.43.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Thursday, March 14th. The sporting goods retailer reported $3.85 EPS for the quarter, beating the consensus estimate of $3.35 by $0.50. DICK’S Sporting Goods had a return on equity of 42.99% and a net margin of 8.06%. The business had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same period last year, the business posted $2.93 EPS. The company’s revenue was up 7.8% on a year-over-year basis. Equities research analysts expect that DICK’S Sporting Goods, Inc. will post 13.43 EPS for the current year.

DICK’S Sporting Goods Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Friday, March 29th will be given a $1.10 dividend. This is a positive change from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $4.40 annualized dividend and a dividend yield of 1.96%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 32.84%.

Insider Transactions at DICK’S Sporting Goods

In other news, major shareholder William Colombo Trustee U/A Dt bought 40,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was bought at an average price of $213.93 per share, for a total transaction of $8,557,200.00. Following the transaction, the insider now owns 8,818,615 shares in the company, valued at $1,886,566,306.95. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, major shareholder William Colombo Trustee U/A Dt bought 40,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was bought at an average price of $213.93 per share, for a total transaction of $8,557,200.00. Following the transaction, the insider now owns 8,818,615 shares in the company, valued at $1,886,566,306.95. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Edward W. Stack sold 151,210 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $220.93, for a total value of $33,406,825.30. Following the completion of the sale, the chairman now directly owns 10,899,110 shares in the company, valued at approximately $2,407,940,372.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 209,763 shares of company stock worth $46,483,438. 30.79% of the stock is currently owned by corporate insiders.

Institutional Trading of DICK’S Sporting Goods

Several hedge funds have recently made changes to their positions in the stock. Quarry LP acquired a new position in DICK’S Sporting Goods during the 2nd quarter worth $26,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in DICK’S Sporting Goods by 280.0% during the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 190 shares of the sporting goods retailer’s stock worth $28,000 after acquiring an additional 140 shares during the period. Fortis Capital Advisors LLC acquired a new position in DICK’S Sporting Goods during the 1st quarter worth $28,000. Pinnacle Holdings LLC acquired a new position in DICK’S Sporting Goods during the 4th quarter worth $39,000. Finally, Blue Trust Inc. boosted its position in DICK’S Sporting Goods by 236.8% during the 4th quarter. Blue Trust Inc. now owns 293 shares of the sporting goods retailer’s stock worth $43,000 after acquiring an additional 206 shares during the period. Institutional investors own 89.83% of the company’s stock.

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.