JPMorgan Chase & Co. Raises DICK’S Sporting Goods (NYSE:DKS) Price Target to $215.00

DICK’S Sporting Goods (NYSE:DKS) had its price target lifted by JPMorgan Chase & Co. from $211.00 to $215.00 in a research note released on Monday, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the sporting goods retailer’s stock.

DKS has been the subject of several other reports. DA Davidson reaffirmed a buy rating and issued a $265.00 target price on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Barclays lifted their target price on shares of DICK’S Sporting Goods from $247.00 to $254.00 and gave the stock an overweight rating in a report on Thursday, September 5th. Stifel Nicolaus lifted their target price on shares of DICK’S Sporting Goods from $215.00 to $232.00 and gave the stock a hold rating in a report on Thursday, May 30th. Morgan Stanley lifted their target price on shares of DICK’S Sporting Goods from $235.00 to $245.00 and gave the stock an overweight rating in a report on Thursday, May 30th. Finally, Citigroup reduced their price target on shares of DICK’S Sporting Goods from $243.00 to $230.00 and set a neutral rating for the company in a research note on Thursday, September 5th. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, DICK’S Sporting Goods currently has an average rating of Moderate Buy and a consensus target price of $244.62.

DICK’S Sporting Goods Trading Up 1.1 %

Shares of NYSE DKS opened at $210.60 on Monday. DICK’S Sporting Goods has a 1 year low of $100.98 and a 1 year high of $239.30. The stock has a market cap of $17.16 billion, a P/E ratio of 17.43, a price-to-earnings-growth ratio of 2.39 and a beta of 1.64. The firm has a 50-day moving average of $214.92 and a 200 day moving average of $208.80. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 0.69.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.77 by $0.60. The company had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.44 billion. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. DICK’S Sporting Goods’s revenue was up 7.6% on a year-over-year basis. During the same period last year, the company posted $2.82 EPS. As a group, sell-side analysts expect that DICK’S Sporting Goods will post 13.83 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 20th will be given a dividend of $1.10 per share. The ex-dividend date is Thursday, September 19th. This represents a $4.40 annualized dividend and a yield of 2.09%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 36.42%.

Insider Activity at DICK’S Sporting Goods

In related news, Director Desiree Ralls-Morrison sold 3,489 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $206.65, for a total transaction of $721,001.85. Following the completion of the sale, the director now directly owns 5,609 shares in the company, valued at $1,159,099.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 32.03% of the stock is currently owned by company insiders.

Institutional Trading of DICK’S Sporting Goods

A number of hedge funds and other institutional investors have recently modified their holdings of DKS. V Square Quantitative Management LLC purchased a new stake in shares of DICK’S Sporting Goods in the first quarter worth $25,000. ICA Group Wealth Management LLC bought a new position in shares of DICK’S Sporting Goods during the second quarter worth $28,000. Covestor Ltd boosted its position 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 acquiring an additional 55 shares during the last quarter. ORG Partners LLC bought a new position in shares of DICK’S Sporting Goods during the second quarter worth $30,000. Finally, Innealta Capital LLC bought a new position in shares of DICK’S Sporting Goods during the second quarter worth $31,000. 89.83% of the stock is owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Company Profile

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.