DICK’S Sporting Goods (NYSE:DKS) Price Target Increased to $226.00 by Analysts at TD Cowen

DICK’S Sporting Goods (NYSE:DKS) had its price target raised by TD Cowen from $177.00 to $226.00 in a research report released on Thursday, Benzinga reports. They currently have an outperform rating on the sporting goods retailer’s stock.

A number of other equities analysts have also recently commented on the company. Stifel Nicolaus lifted their price target on DICK’S Sporting Goods from $126.00 to $215.00 and gave the stock a hold rating in a research note on Friday. The Goldman Sachs Group upped their price target on DICK’S Sporting Goods from $157.00 to $247.00 and gave the stock a buy rating in a research note on Friday. DA Davidson boosted their target price on shares of DICK’S Sporting Goods from $183.00 to $250.00 and gave the company a buy rating in a report on Friday. Telsey Advisory Group upped their target price on shares of DICK’S Sporting Goods from $160.00 to $195.00 and gave the stock an outperform rating in a research report on Monday, March 11th. Finally, Citigroup upped their price objective on shares of DICK’S Sporting Goods from $112.00 to $120.00 and gave the stock a neutral rating in a report on Wednesday, November 22nd. Eleven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of $196.95.

DICK’S Sporting Goods Price Performance

Shares of NYSE:DKS traded up $1.56 during trading on Thursday, reaching $213.04. The company had a trading volume of 1,382,984 shares, compared to its average volume of 1,228,734. DICK’S Sporting Goods has a 12 month low of $100.98 and a 12 month high of $222.92. The company has a current ratio of 1.78, a quick ratio of 0.56 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $17.41 billion, a P/E ratio of 17.43, a price-to-earnings-growth ratio of 3.20 and a beta of 1.55. The company has a fifty day moving average of $163.78 and a two-hundred day moving average of $135.67.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Thursday, March 14th. The sporting goods retailer reported $3.85 EPS for the quarter, beating the consensus estimate of $3.35 by $0.50. The firm had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.79 billion. DICK’S Sporting Goods had a return on equity of 42.99% and a net margin of 8.06%. The company’s revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the company earned $2.93 EPS. Equities research analysts forecast that DICK’S Sporting Goods will post 13.07 earnings per share for the current year.

DICK’S Sporting Goods Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Friday, March 29th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 2.07%. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Wednesday, March 27th. DICK’S Sporting Goods’s dividend payout ratio is currently 32.84%.

Institutional Trading of DICK’S Sporting Goods

Several hedge funds and other institutional investors have recently bought and sold shares of DKS. Virtu Financial LLC bought a new stake in shares of DICK’S Sporting Goods during the 4th quarter worth approximately $357,000. Teachers Retirement System of The State of Kentucky lifted its position in shares of DICK’S Sporting Goods by 87.0% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 118,192 shares of the sporting goods retailer’s stock worth $17,368,000 after purchasing an additional 55,000 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of DICK’S Sporting Goods by 340.5% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,740 shares of the sporting goods retailer’s stock worth $550,000 after purchasing an additional 2,891 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its stake in DICK’S Sporting Goods by 17.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 6,135 shares of the sporting goods retailer’s stock worth $901,000 after buying an additional 915 shares during the period. Finally, Venture Visionary Partners LLC increased its stake in DICK’S Sporting Goods by 14.9% in the 4th quarter. Venture Visionary Partners LLC now owns 29,592 shares of the sporting goods retailer’s stock worth $4,349,000 after buying an additional 3,831 shares during the period. Hedge funds and other institutional investors own 68.21% of the company’s stock.

About DICK’S Sporting Goods

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.