The Forward View Analysts Give Dick’s Sporting Goods Inc. (DKS) a $59.00 Price Target

The Forward View Analysts Give Dick’s Sporting Goods Inc. (DKS) a $59.00 Price Target

Forward View set a $59.00 target price on Dick’s Sporting Goods Inc. (NYSE:DKS) in a research report released on Monday morning. The brokerage currently has a buy rating on the sporting goods retailer’s stock.

Other analysts have also issued reports about the company. Guggenheim initiated coverage on Dick’s Sporting Goods in a report on Tuesday, September 20th. They set a neutral rating on the stock. Brean Capital reiterated a buy rating on shares of Dick’s Sporting Goods in a report on Thursday, September 22nd. Off Wall Street initiated coverage on Dick’s Sporting Goods in a report on Thursday, September 29th. They set a sell rating on the stock. Zacks Investment Research upgraded Dick’s Sporting Goods from a hold rating to a buy rating and set a $63.00 price target on the stock in a report on Tuesday, October 4th. Finally, Canaccord Genuity reiterated a buy rating and set a $70.00 price target on shares of Dick’s Sporting Goods in a report on Thursday, October 6th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty-three have issued a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $61.57.

Dick’s Sporting Goods (NYSE:DKS) opened at 51.97 on Monday. Dick’s Sporting Goods has a one year low of $33.79 and a one year high of $62.88. The firm has a 50-day moving average price of $56.44 and a 200-day moving average price of $56.11. The firm has a market capitalization of $5.85 billion, a price-to-earnings ratio of 17.99 and a beta of 0.71.

Dick’s Sporting Goods (NYSE:DKS) last posted its earnings results on Tuesday, November 15th. The sporting goods retailer reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.06. Dick’s Sporting Goods had a return on equity of 18.15% and a net margin of 4.25%. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter last year, the company earned $0.45 earnings per share. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. Analysts expect that Dick’s Sporting Goods will post $3.10 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Friday, December 9th were issued a dividend of $0.1513 per share. The ex-dividend date was Wednesday, December 7th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.16%. Dick’s Sporting Goods’s dividend payout ratio (DPR) is 21.11%.

In other Dick’s Sporting Goods news, CFO Lee J. Belitsky sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $58.50, for a total transaction of $877,500.00. Following the transaction, the chief financial officer now owns 131,623 shares in the company, valued at approximately $7,699,945.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Lauren R. Hobart sold 24,015 shares of the company’s stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $58.45, for a total value of $1,403,676.75. Following the transaction, the executive vice president now owns 57,930 shares in the company, valued at approximately $3,386,008.50. The disclosure for this sale can be found here. Company insiders own 22.96% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Oakbrook Investments LLC increased its position in Dick’s Sporting Goods by 12.3% in the second quarter. Oakbrook Investments LLC now owns 9,100 shares of the sporting goods retailer’s stock worth $410,000 after buying an additional 1,000 shares during the period. Financial Architects Inc increased its position in Dick’s Sporting Goods by 1,517.1% in the second quarter. Financial Architects Inc now owns 3,412 shares of the sporting goods retailer’s stock worth $154,000 after buying an additional 3,201 shares during the period. JFS Wealth Advisors LLC increased its position in Dick’s Sporting Goods by 2,477.6% in the second quarter. JFS Wealth Advisors LLC now owns 6,212 shares of the sporting goods retailer’s stock worth $280,000 after buying an additional 5,971 shares during the period. FNY Managed Accounts LLC purchased a new position in Dick’s Sporting Goods during the second quarter worth $2,147,000. Finally, First Midwest Bank Trust Division increased its position in Dick’s Sporting Goods by 41.1% in the second quarter. First Midwest Bank Trust Division now owns 18,472 shares of the sporting goods retailer’s stock worth $832,000 after buying an additional 5,378 shares during the period. Hedge funds and other institutional investors own 70.93% of the company’s stock.

About Dick’s Sporting Goods

DICK’S Sporting Goods, Inc is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories in its specialty retail stores in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, as well as e-commerce Websites at www.DICKS.com, www.golfgalaxy.com, www.fieldandstreamshop.com and www.caliastudio.com.

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