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

DICK’S Sporting Goods (NYSE:DKSFree Report) 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.

Read Our Latest Analysis on DICK’S Sporting Goods

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:DKSGet Free Report) 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

(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.

Featured Articles

Analyst Recommendations for DICK'S Sporting Goods (NYSE:DKS)

Receive News & Ratings for DICK'S Sporting Goods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DICK'S Sporting Goods and related companies with MarketBeat.com's FREE daily email newsletter.