DICK’S Sporting Goods (NYSE:DKS) Given New $106.00 Price Target at Barclays

DICK’S Sporting Goods (NYSE:DKS – Get Rating) had its price target trimmed by Barclays from $134.00 to $106.00 in a report released on Thursday morning, The Fly reports. The firm currently has an overweight rating on the sporting goods retailer’s stock.

DKS has been the topic of several other reports. Stephens lowered their price objective on DICK’S Sporting Goods from $138.00 to $122.00 and set an equal weight rating on the stock in a research note on Wednesday, March 9th. Citigroup increased their price target on DICK’S Sporting Goods from $161.00 to $170.00 in a research report on Wednesday, March 9th. Cowen increased their price target on DICK’S Sporting Goods from $161.00 to $165.00 and gave the stock an outperform rating in a research report on Wednesday, March 9th. Bank of America decreased their price target on DICK’S Sporting Goods from $160.00 to $130.00 and set a buy rating on the stock in a research report on Tuesday, May 24th. Finally, Wells Fargo & Company decreased their price target on DICK’S Sporting Goods from $132.00 to $122.00 and set an equal weight rating on the stock in a research report on Thursday, March 24th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Hold and a consensus price target of $117.58.

DKS stock opened at $84.70 on Thursday. DICK’S Sporting Goods has a 1-year low of $63.45 and a 1-year high of $147.39. The firm has a market cap of $6.76 billion, a P/E ratio of 6.55, a P/E/G ratio of 1.53 and a beta of 1.60. The business’s 50 day moving average is $97.29 and its 200-day moving average is $107.70. The company has a current ratio of 1.88, a quick ratio of 1.04 and a debt-to-equity ratio of 0.89.

DICK’S Sporting Goods (NYSE:DKS – Get Rating) last released its quarterly earnings data on Wednesday, May 25th. The sporting goods retailer reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.43. DICK’S Sporting Goods had a return on equity of 58.42% and a net margin of 11.75%. The company had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.63 billion. During the same period in the prior year, the company posted $3.79 EPS. The company’s revenue was down 7.5% compared to the same quarter last year. Sell-side analysts forecast that DICK’S Sporting Goods will post 11.08 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 24th. Shareholders of record on Friday, June 10th will be issued a dividend of $0.488 per share. This represents a $1.95 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend is Thursday, June 9th. DICK’S Sporting Goods’s dividend payout ratio is 15.07%.

In other news, SVP John Edward Hayes III sold 2,626 shares of the stock in a transaction on Thursday, March 17th. The stock was sold at an average price of $110.69, for a total value of $290,671.94. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Julie Lodge-Jarrett sold 9,139 shares of the stock in a transaction on Tuesday, March 15th. The shares were sold at an average price of $109.02, for a total value of $996,333.78. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 190,886 shares of company stock worth $20,211,002. Company insiders own 32.83% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Pinnacle Holdings LLC acquired a new position in shares of DICK’S Sporting Goods in the 3rd quarter valued at $31,000. Fifth Third Bancorp raised its stake in DICK’S Sporting Goods by 62.0% during the 1st quarter. Fifth Third Bancorp now owns 264 shares of the sporting goods retailer’s stock worth $26,000 after buying an additional 101 shares during the period. Missouri Trust & Investment Co acquired a new stake in DICK’S Sporting Goods during the 4th quarter worth $34,000. Huntington National Bank raised its stake in DICK’S Sporting Goods by 36,600.0% during the 1st quarter. Huntington National Bank now owns 367 shares of the sporting goods retailer’s stock worth $37,000 after buying an additional 366 shares during the period. Finally, Sageworth Trust Co of South Dakota acquired a new stake in DICK’S Sporting Goods during the 4th quarter worth $44,000. 78.92% of the stock is currently owned by institutional investors.

DICK’S Sporting Goods Company Profile (Get Rating)

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the eastern United States. The company provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.

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