Stifel Nicolaus Raises DICK’S Sporting Goods (NYSE:DKS) Price Target to $215.00

DICK’S Sporting Goods (NYSE:DKS) had its price target lifted by Stifel Nicolaus from $126.00 to $215.00 in a research report released on Friday, Benzinga reports. The firm currently has a hold rating on the sporting goods retailer’s stock.

DKS has been the topic of several other reports. Wells Fargo & Company increased their price target on shares of DICK’S Sporting Goods from $125.00 to $175.00 and gave the stock an equal weight rating in a research report on Wednesday, March 6th. Barclays increased their price objective on shares of DICK’S Sporting Goods from $194.00 to $239.00 and gave the stock an overweight rating in a research note on Monday. DA Davidson increased their price objective on shares of DICK’S Sporting Goods from $183.00 to $250.00 and gave the stock a buy rating in a research note on Friday. Wedbush raised their target price on shares of DICK’S Sporting Goods from $160.00 to $210.00 and gave the company a neutral rating in a research note on Friday. Finally, Loop Capital raised their target price on shares of DICK’S Sporting Goods from $150.00 to $220.00 and gave the company a hold rating in a research note on Monday. Eleven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, DICK’S Sporting Goods presently has a consensus rating of Hold and a consensus price target of $196.95.

DICK’S Sporting Goods Stock Performance

DKS traded up $1.56 during trading on Friday, hitting $213.04. The company’s stock had a trading volume of 1,382,984 shares, compared to its average volume of 1,228,734. The company has a quick ratio of 0.56, a current ratio of 1.78 and a debt-to-equity ratio of 0.57. DICK’S Sporting Goods has a one year low of $100.98 and a one year high of $222.92. The firm has a market cap of $17.41 billion, a PE ratio of 17.43, a P/E/G ratio of 3.20 and a beta of 1.55. The business’s 50 day simple moving average is $163.78 and its 200-day simple moving average is $135.67.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Thursday, March 14th. The sporting goods retailer reported $3.85 earnings per share 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 for the quarter, compared to the consensus estimate of $3.79 billion. During the same period last year, the firm earned $2.93 earnings per share. The company’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, sell-side analysts predict that DICK’S Sporting Goods will post 13.07 EPS for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Friday, March 29th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a 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 payout ratio is 32.84%.

Institutional Investors Weigh In On DICK’S Sporting Goods

Several large investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new stake in DICK’S Sporting Goods in the 4th quarter valued at about $357,000. Teachers Retirement System of The State of Kentucky boosted its position in DICK’S Sporting Goods by 87.0% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 118,192 shares of the sporting goods retailer’s stock valued at $17,368,000 after buying an additional 55,000 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in DICK’S Sporting Goods by 340.5% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,740 shares of the sporting goods retailer’s stock valued at $550,000 after buying an additional 2,891 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in shares of 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 purchasing an additional 915 shares during the period. Finally, Venture Visionary Partners LLC lifted its position in shares of 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 purchasing an additional 3,831 shares during the period. 68.21% of the stock is owned by hedge funds and other institutional investors.

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.