DICK’S Sporting Items (NYSE:DKS) Worth Goal Reduce to $134.00 by Analysts at Barclays

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DICK’S Sporting Goods (NYSE:DKS – Rating Received) Barclays cut its price target from $147.00 to $134.00 in a research note issued to investors on Friday, reports The Fly. Barclays’ price target would suggest a potential upside of 33.97% from the stock’s current price.

Other research analysts have also recently issued research reports on the stock. Stephens lowered its price target on shares of DICK’S Sporting Goods from $138.00 to $122.00 and put an “equal weight” rating on the company in a report Wednesday, March 9. Cowen raised his target price on DICK’S Sporting Goods stock to $165.00 from $161.00 and gave the stock an “outperform” rating in a report on Wednesday, March 9. Zacks Investment Research lowered shares of DICK’S Sporting Goods from a “strong-buy” rating to a “hold” rating and set a price target of $116.00 for the company. in a report on Monday, March 7th. DA Davidson lowered its target price on shares of DICK’S Sporting Goods from $165.00 to $147.00 in a report on Wednesday, March 9th. Finally, Wedbush lowered its target price on shares of DICK’S Sporting Goods from $155.00 to $140.00 in a report on Wednesday, January 5th. One investment analyst has rated the stock with a sell rating, eleven with a hold rating and nine with a buy rating. According to data from MarketBeat, DICK’S Sporting Goods currently has an average rating of Hold and an average price target of $135.11.

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Shares of DKS stock opened at $100.02 on Friday. The company has a gearing ratio of 0.92, a current ratio of 1.88 and a quick ratio of 1.04. The company has a market cap of $8.66 billion, a P/E of 7.21, a P/E of 1.72, and a beta of 1.70. The company’s 50-day simple moving average is $109.39 and its 200-day simple moving average is $116.42. DICK’S Sporting Goods has a yearly low of $74.28 and a yearly high of $147.39.

DICK’S Sporting Goods (NYSE:DKS – Get Rating) last issued its quarterly earnings data on Tuesday, March 8th. The sporting goods retailer reported earnings per share (EPS) of $3.64 for the quarter, beating Zacks’ consensus estimate of $3.54 by $0.10. DICK’S Sporting Goods had a net margin of 12.36% and a return on equity of 60.28%. The company had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.31 billion. In the same period last year, the company generated earnings per share of $2.43. The company’s quarterly revenue rose 7.2% year over year. On average, the research analysts expect that DICK’S Sporting Goods will publish 12.57 EPS for the current fiscal year.

In other news from DICK’S Sporting Goods, on Thursday, March 17, EVP Lee J. Belitsky sold 36,473 shares of the company’s stock in a transaction. The stock sold at an average price of $111.25 for a total value of $4,057,621.25. The transaction was disclosed in a legal filing with the SEC available at this hyperlink. In addition, EVP Donald J. Germano sold 23,961 shares of DICK’S Sporting Goods in a transaction on Tuesday, March 29th. The shares were sold at an average price of $110.33 for a total transaction of $2,643,617.13. The disclosure for this sale can be found here. Over the past ninety days, insiders have sold 80,051 shares of the company’s shares, valued at $8,870,681. Company insiders own 30.09% of the company’s shares.

Several hedge funds have recently changed their holdings of DKS. Goldman Sachs Group Inc. increased its stake in DICK’S Sporting Goods by 18.4% in the third quarter. Goldman Sachs Group Inc. now owns 2,318,344 shares of the sporting goods retailer worth $277,668,000 after purchasing an additional 360,476 shares during the period. Dimensional Fund Advisors LP increased its holding in DICK’S Sporting Goods by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 2,171,797 shares of the sporting goods retailer worth $260,155,000 after purchasing an additional 17,713 shares last quarter. Arrowstreet Capital Limited Partnership increased its stake in DICK’S Sporting Goods by 13.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,554,136 shares of the sporting goods retailer valued at $186,139,000 after purchasing an additional 186,174 shares last quarter. 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 worth $52,679,000 after purchasing an additional 350,515 shares last quarter. Finally, Geode Capital Management LLC increased its position in shares of DICK’S Sporting Goods by 17.0% during the fourth quarter. Geode Capital Management LLC now owns 1,088,733 shares of the sporting goods retailer worth $125,197,000 after purchasing an additional 158,201 shares last quarter. 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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