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

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

Analysts Set New Price Targets

Several analysts recently issued reports on DKS shares. Stifel Nicolaus increased their price target on shares of DICK’S Sporting Goods from $126.00 to $215.00 and gave the stock a “hold” rating in a research report on Friday, March 15th. Telsey Advisory Group raised their target price on shares of DICK’S Sporting Goods from $160.00 to $195.00 and gave the company an “outperform” rating in a research report on Monday, March 11th. Oppenheimer raised their price target on shares of DICK’S Sporting Goods from $190.00 to $240.00 and gave the company an “outperform” rating in a research note on Wednesday, March 20th. The Goldman Sachs Group raised their price target on shares of 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. Finally, Wells Fargo & Company lifted their target price on shares of DICK’S Sporting Goods from $175.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Friday, March 15th. Eleven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, DICK’S Sporting Goods has an average rating of “Hold” and a consensus price target of $205.95.

DICK’S Sporting Goods Stock Up 1.1 %

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 market cap of $18.39 billion, a PE ratio of 18.35, a PEG ratio of 2.61 and a beta of 1.55. The company’s 50-day simple moving average is $176.32 and its two-hundred day simple moving average is $141.43.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Thursday, March 14th. The sporting goods retailer reported $3.85 EPS for the quarter, topping the consensus estimate of $3.35 by $0.50. DICK’S Sporting Goods had a net margin of 8.06% and a return on equity of 42.99%. The business had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.79 billion. During the same period in the prior year, the business earned $2.93 EPS. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, analysts predict that DICK’S Sporting Goods, Inc. will post 13.43 earnings per share for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Friday, March 29th will be given a dividend of $1.10 per share. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. This represents a $4.40 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Wednesday, March 27th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 32.84%.

Insider Activity 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 on Friday, March 15th. The stock was acquired at an average cost of $213.93 per share, with a total value of $8,557,200.00. Following the completion of the acquisition, the insider now owns 8,818,615 shares of the company’s stock, valued at $1,886,566,306.95. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, major shareholder William Colombo Trustee U/A Dt purchased 40,000 shares of DICK’S Sporting Goods stock in a transaction dated Friday, March 15th. The stock was purchased at an average cost of $213.93 per share, for a total transaction of $8,557,200.00. Following the completion of the purchase, the insider now directly owns 8,818,615 shares of the company’s stock, valued at approximately $1,886,566,306.95. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Elizabeth H. Baran sold 2,175 shares of DICK’S Sporting Goods stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $221.78, for a total transaction of $482,371.50. Following the completion of the sale, the senior vice president now owns 11,051 shares of the company’s stock, valued at $2,450,890.78. The disclosure for this sale can be found here. Insiders sold a total of 209,763 shares of company stock valued at $46,483,438 in the last three months. Company insiders own 30.79% of the company’s stock.

Institutional Trading of DICK’S Sporting Goods

Several large investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in shares of DICK’S Sporting Goods by 8.3% in the second quarter. BlackRock Inc. now owns 6,478,747 shares of the sporting goods retailer’s stock worth $856,426,000 after buying an additional 494,939 shares in the last quarter. Victory Capital Management Inc. raised its stake in DICK’S Sporting Goods by 4.2% during the fourth quarter. Victory Capital Management Inc. now owns 2,334,018 shares of the sporting goods retailer’s stock valued at $342,984,000 after purchasing an additional 94,745 shares in the last quarter. State Street Corp raised its stake in DICK’S Sporting Goods by 17.1% during the second quarter. State Street Corp now owns 1,981,489 shares of the sporting goods retailer’s stock valued at $261,933,000 after purchasing an additional 289,165 shares in the last quarter. Morgan Stanley raised its stake in DICK’S Sporting Goods by 25.8% during the third quarter. Morgan Stanley now owns 1,399,734 shares of the sporting goods retailer’s stock valued at $151,983,000 after purchasing an additional 286,988 shares in the last quarter. Finally, Holocene Advisors LP raised its stake in DICK’S Sporting Goods by 29.4% during the second quarter. Holocene Advisors LP now owns 1,300,990 shares of the sporting goods retailer’s stock valued at $171,978,000 after purchasing an additional 295,239 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors.

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.