DICK’S Sporting Goods (NYSE:DKS) Raised to Buy at UBS Group

UBS Group upgraded shares of DICK’S Sporting Goods (NYSE:DKS) from a neutral rating to a buy rating in a research note issued to investors on Wednesday, MarketBeat reports. UBS Group currently has $260.00 target price on the sporting goods retailer’s stock, up from their prior target price of $225.00.

A number of other analysts also recently issued reports on DKS. TD Cowen lifted their price target on DICK’S Sporting Goods from $266.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. DA Davidson reaffirmed a “buy” rating and set a $265.00 price target on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Bank of America lifted their price target on DICK’S Sporting Goods from $240.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. Robert W. Baird reissued a “neutral” rating and issued a $235.00 target price on shares of DICK’S Sporting Goods in a report on Wednesday, August 28th. Finally, Barclays boosted their target price 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. 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, DICK’S Sporting Goods currently has a consensus rating of “Moderate Buy” and an average price target of $244.95.

DICK’S Sporting Goods Trading Down 3.0 %

NYSE:DKS opened at $207.24 on Wednesday. The firm has a market cap of $16.87 billion, a PE ratio of 14.81, a price-to-earnings-growth ratio of 2.43 and a beta of 1.64. The stock has a fifty day moving average price of $205.75 and a 200 day moving average price of $210.68. DICK’S Sporting Goods has a 12-month low of $126.24 and a 12-month high of $239.30. The company has a current ratio of 1.72, a quick ratio of 0.69 and a debt-to-equity ratio of 0.48.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.68 by $0.07. The company had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.03 billion. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. DICK’S Sporting Goods’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the previous year, the business earned $2.85 EPS. Sell-side analysts anticipate that DICK’S Sporting Goods will post 13.88 earnings per share 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, December 27th. Shareholders of record on Friday, December 13th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 2.12%. The ex-dividend date is Friday, December 13th. DICK’S Sporting Goods’s payout ratio is 31.45%.

Hedge Funds Weigh In On DICK’S Sporting Goods

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. increased its position in DICK’S Sporting Goods by 5.5% during the 2nd quarter. Principal Financial Group Inc. now owns 239,451 shares of the sporting goods retailer’s stock worth $51,446,000 after purchasing an additional 12,396 shares during the period. Swedbank AB acquired a new position in DICK’S Sporting Goods during the 1st quarter worth approximately $1,670,000. Kerusso Capital Management LLC acquired a new position in DICK’S Sporting Goods during the 3rd quarter worth approximately $1,554,000. &PARTNERS purchased a new stake in shares of DICK’S Sporting Goods during the 2nd quarter worth approximately $309,000. Finally, National Pension Service purchased a new stake in shares of DICK’S Sporting Goods during the 3rd quarter worth approximately $4,195,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

About DICK’S Sporting Goods

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.