Truist Financial Issues Positive Forecast for DICK’S Sporting Goods (NYSE:DKS) Stock Price

DICK’S Sporting Goods (NYSE:DKS) had its target price hoisted by Truist Financial from $256.00 to $258.00 in a research report released on Wednesday,Benzinga reports. They currently have a buy rating on the sporting goods retailer’s stock.

Several other research analysts have also recently commented on DKS. Loop Capital upped their target price on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “hold” rating in a research report on Wednesday. DA Davidson restated a “buy” rating and issued a $265.00 target price on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Wells Fargo & Company reduced their price target on DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating for the company in a research report on Monday, August 12th. Barclays raised their price target on DICK’S Sporting Goods from $247.00 to $254.00 and gave the company an “overweight” rating in a report on Thursday, September 5th. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $280.00 price objective on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $244.95.

DICK’S Sporting Goods Trading Up 0.7 %

DICK’S Sporting Goods stock opened at $213.70 on Wednesday. DICK’S Sporting Goods has a 1 year low of $120.39 and a 1 year high of $239.30. The firm’s 50-day moving average is $205.76 and its 200-day moving average is $210.64. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.69 and a current ratio of 1.77. The company has a market cap of $17.40 billion, a P/E ratio of 15.68, a PEG ratio of 2.45 and a beta of 1.64.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.07. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same period last year, the company earned $2.85 earnings per share. The firm’s revenue for the quarter was up .5% on a year-over-year basis. On average, equities analysts expect that DICK’S Sporting Goods will post 13.88 earnings per share for the current year.

DICK’S Sporting Goods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Friday, December 13th. DICK’S Sporting Goods’s payout ratio is presently 32.28%.

Hedge Funds Weigh In On DICK’S Sporting Goods

A number of hedge funds have recently modified their holdings of the stock. Brooklyn Investment Group purchased a new position in DICK’S Sporting Goods in the third quarter valued at about $27,000. ICA Group Wealth Management LLC bought a new stake in shares of DICK’S Sporting Goods in the 2nd quarter valued at approximately $28,000. ORG Partners LLC bought a new position in DICK’S Sporting Goods during the second quarter valued at approximately $30,000. ORG Wealth Partners LLC acquired a new stake in DICK’S Sporting Goods in the third quarter valued at approximately $30,000. Finally, Innealta Capital LLC bought a new stake in DICK’S Sporting Goods in the second quarter worth approximately $31,000. 89.83% of the stock is owned by institutional investors and hedge funds.

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.