DICK’S Sporting Goods (NYSE: DKS) was upgraded from an “underweight” rating to an “equally weighted” rating by analysts at Stephens in a rating issued to investors on Friday, reports The Fly. The company currently has a target price of $ 95.00 on the sporting goods retailer’s stock, up from its previous target price of $ 74.00. Stephens’ price target would indicate a potential downside of 0.80% from the current price of the stock.
Other research analysts have also published research reports on the company. Morgan Stanley raised its target price on DICK’s Sporting Goods from $ 77.00 to $ 93.00 and rated the stock as “overweight” in a report on Thursday, May 20. The Goldman Sachs Group raised its price target for DICK’s Sporting Goods from US $ 76.00 to US $ 91.00 and gave the stock a “Buy” rating in a research report on Tuesday, May 4th. Evercore ISI raised its price target for DICK’s Sporting Goods from USD 75.00 to USD 100.00 and rated the share as “outperform” in a research report on Wednesday, March 10th. DA Davidson lowered his price target for DICK’s Sporting Goods from USD 88.00 to USD 82.00 and issued a buy recommendation for the company in a research report on Wednesday March 10th. Finally, on Friday, February 5th, Gordon Haskett began reporting on DICK’s Sporting Goods in a research report. They set a “hold” rating and a target price of $ 70.00 for the company. One stock research analyst has rated the stock with a sell rating, seven with a hold rating, and thirteen with a buy rating. The company has an average rating of “Buy” and a consensus price target of $ 86.10.
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NYSE DKS opened at $ 95.77 on Friday. DICK’S Sporting Goods has a 52-week low of $ 34.66 and a 52-week high of $ 101.30. The company has a debt of 0.16, a quick ratio of 0.78 and a current ratio of 1.56. The company’s fifty-day moving average is $ 85.52. The stock has a market capitalization of $ 8.55 billion, a price to earnings ratio of 9.05, a PEG ratio of 1.55, and a beta of 1.70.
DICK’s Sporting Goods (NYSE: DKS) last released its quarterly results on Tuesday, May 25th. The sporting goods retailer reported $ 3.79 EPS for the quarter, beating the consensus estimate of $ 1.04 by $ 2.75. DICK’S Sporting Goods achieved a return on equity of 46.98% and a net margin of 9.27%. The company had revenue of $ 2.92 billion for the quarter, compared to analyst estimates of $ 2.22 billion. In the same quarter last year, the company generated ($ 1.21) EPS. In the group, the analysts of Aktien-Research expect earnings per share of 8.86 DICK’s Sporting Goods for the current financial year.
In other news, CEO Lauren R. Hobart sold 32,582 shares in the company in a transaction dated Thursday, May 27. The stock sold at an average price of $ 99.01 for a total transaction of $ 3,225,943.82. Upon completion of the transaction, the chief executive officer now directly owns 275,653 shares in the company valued at $ 27,292,403.53. The sale was announced in a filing with the SEC, which can be accessed via this link. In addition, director William J. Colombo sold 96,080 shares in the company in a transaction dated Thursday, May 27. The stock sold at an average price of $ 100.08 for a total value of $ 9,615,686.40. Following the transaction, the director now directly owns 161,524 shares in the company valued at $ 16,165,321.92. The disclosure for this sale can be found here. In the past three months, insiders have sold 191,426 shares in the company valued at $ 17,780,187. Company insiders own 30.57% of the company’s shares.
Institutional investors have recently changed their positions in the company. Ceredex Value Advisors LLC took a new position in shares of DICK’s Sporting Goods valued at approximately $ 28,000 in the fourth quarter. Ameritas Investment Company LLC acquired a new stake in DICK’s Sporting Goods worth approximately $ 33,000 in the first quarter. Tradition Wealth Management LLC acquired a new stake in DICK’s Sporting Goods worth approximately $ 38,000 in the first quarter. AdvisorNet Financial Inc increased its stake in DICK’s Sporting Goods by 1,566.7% in the fourth quarter. AdvisorNet Financial Inc now owns 700 shares in the sporting goods retailer valued at $ 39,000 after purchasing an additional 658 shares last quarter. Finally, TCTC Holdings LLC increased its stake in DICK’s Sporting Goods by 104.1% in the first quarter. TCTC Holdings LLC now owns 645 shares of the sporting goods retailer valued at $ 49,000 after purchasing an additional 329 shares last quarter. 78.88% of the shares are owned by institutional investors and hedge funds.
DICK’S Sportartikel company profile
DICK’S Sporting Goods, Inc., together with its subsidiaries, operates as a sporting goods retailer primarily in the eastern United States. It offers hard lines including sporting goods, fitness equipment, golf equipment, and hunting and fishing equipment products; Clothing; as well as shoes and accessories.
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