DICK’S Sporting Items (NYSE:DKS) PT Lowered to $122.00 at Wells Fargo & Firm

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DICK’S Sporting Goods (NYSE:DKS – Rating Received) Its price target was lowered from $132.00 to $122.00 by equity researchers at Wells Fargo & Company in a note issued to investors on Thursday, reports Benzinga. The company currently has an “Equal Weight” rating on the sporting goods retailer’s stock. Wells Fargo & Company’s price target would suggest potential upside of 13.44% from the stock’s previous close.

A number of other equities research analysts have also issued reports on DKS. Barclays lowered its target price on shares of DICK’S Sporting Goods to $147.00 from $156.00 and ranked the stock as an “overweight” in a report on Wednesday, March 9. Wedbush lowered its price target on shares of DICK’S Sporting Goods to $140.00 from $155.00 in a report on Wednesday, January 5. StockNews.com downgraded shares of DICK’S Sporting Goods from a “buy” rating to a “hold” rating in a report Tuesday, March 1st. Citigroup raised its target price on shares of DICK’S Sporting Goods from $161.00 to $170.00 in a research note on Wednesday, March 9th. Finally, Stephens lowered his price target on shares of DICK’S Sporting Goods from $138.00 to $122.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 9th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, DICK’S Sporting Goods currently has a consensus rating of Hold and a consensus price target of $135.79.

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NYSE: DKS fell $1.56 during trading hours on Thursday to hit $107.55. The company’s shares had a trading volume of 1,247,844 shares compared to an average volume of 1,871,170. The company has a market cap of $9.31 billion, a price-to-earnings ratio of 7.75, a PEG ratio of 1.82 and a beta of 1.70. The company has a 50-day simple moving average of $110.04 and a 200-day simple moving average of $117.53. DICK’S Sporting Goods has a 1 year low of $72.13 and a 1 year high of $147.39. The company has a debt to equity ratio of 0.92, a quick ratio of 1.04 and a current ratio of 1.88.

DICK’S Sporting Goods (NYSE:DKS – Get Rating) last reported its earnings results on Tuesday, March 8th. The sporting goods retailer reported $3.64 EPS for the quarter, beating analysts’ consensus estimate of $3.54 by $0.10. The company made $3.35 billion in revenue for the quarter, compared to analysts’ expectations of $3.31 billion. DICK’S Sporting Goods had a net margin of 12.36% and a return on equity of 60.28%. The company’s revenue increased 7.2% compared to the prior-year quarter. In the same quarter last year, the company earned $2.43 per share. Stock analysts assume that DICK’S Sporting Goods will post earnings per share of 12.57 for the current fiscal year.

In related news, CFO Navdeep Gupta sold 4,700 shares of the company’s shares in a transaction that took place on Wednesday, January 12. The shares were sold at an average price of $114.56 for a total transaction of $538,432.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. In addition, SVP John Edward Hayes III sold 800 shares of the company’s stock in a transaction that took place on Wednesday, January 12th. The shares were sold at an average price of $114.28 for a total transaction of $91,424.00. The disclosure for this sale can be found here. Insiders have sold 72,685 shares of the company’s shares worth $8,004,654 over the past three months. 30.09% of the shares are owned by company insiders.

A number of hedge funds and other institutional investors have recently changed their positions in DKS. FMR LLC increased its position in shares of DICK’S Sporting Goods by 32.4% during the first quarter. FMR LLC now owns 1,431,090 shares of the sporting goods retailer valued at $52,679,000 after purchasing an additional 350,515 shares during the period. Morgan Stanley increased its position in shares of DICK’S Sporting Goods by 27.7% in the second quarter. Morgan Stanley now owns 433,401 shares of the sporting goods retailer, valued at $43,423,000, after purchasing an additional 93,962 shares during the period. Koshinski Asset Management Inc. acquired a new position in shares of DICK’S Sporting Goods valued at approximately $35,000 during the third quarter. WESPAC Advisors LLC purchased a new position in DICK’S Sporting Goods stock valued at approximately $282,000 during the third quarter. Finally, Private Advisor Group LLC increased its position in shares of DICK’S Sporting Goods by 356.6% during the third quarter. Private Advisor Group LLC now owns 30,099 shares of the sporting goods retailer valued at $3,605,000 after purchasing an additional 23,507 shares during the period. Institutional investors own 92.06% of the company’s shares.

DICK’S Sporting Goods Company Profile (received rating)

Dick’s Sporting Goods, Inc retails an extensive line of authentic athletic equipment, apparel, footwear and accessories through a blend of associates, in-store services and unique shop-in-shops. The company was founded in 1948 by Richard T. Stack and is headquartered in Coraopolis, PA.

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