Stephens Upgrades DICK’S Sporting Items (NYSE:DKS) to “Equal Weight”


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.


5G… blockchain… electric vehicles… There are enough technical possibilities to turn your head! But which ones should you have for the coming tech boom?

Louis Navellier – the analyst who found Microsoft at 0.38 cents – just released a new report listing six tech stocks you should own today.

Don’t miss your chance to get his latest tips – ticker symbol and all – completely free.

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.

Recommended Story: What is an Overbought Condition?

Analyst recommendations for DICK`S Sporting Goods (NYSE: DKS)

This instant news alert was generated through narrative science technology and financial data from MarketBeat to provide readers with the fastest, most accurate coverage. This story has been reviewed by the editorial staff of MarketBeat prior to publication. Please send questions or comments about this story to [email protected]

Sponsored Article: The Risks of Owning Bonds

7 stocks that can help you capitalize on the summer scarcity

One of the lingering effects of the Covid-19 pandemic is the supply chain disruptions that continue to afflict many sectors. By now, every investor is well aware of the global chip scarcity, which is disrupting many sectors that are forecast to see strong growth in 2021.

But there are many more sectors that are affected by supply chain disruptions. And this affects everything from essential items like cars to everyday items like pet food and even bacon.

This special presentation focuses on seven companies that are benefiting from the current disruption in the supply chain. All of these companies grew strongly in 2020. Some of them weakened in 2021, but that was before the full extent of the supply chain weakness was discovered.

As the economy reopens, the shortage of items is likely to continue and become much more evident. If so, many of these stocks can become overvalued. Because of this, now is the time to get into these stocks that can help shape the supply chain in your favor.

Check out the “7 Stocks That Can Help You Tackle the Summer Scarcity”.