DICK’S Sporting Goods, Inc. (NYSE:DKS) Given Consensus Rating of “Hold” by Brokerages

DICK’S Sporting Goods, Inc. (NYSE:DKS) has been assigned an average rating of “Hold” from the twenty-two brokerages that are currently covering the firm, Marketbeat.com reports. Twelve research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $142.58.

DKS has been the topic of several analyst reports. Citigroup cut their target price on DICK’S Sporting Goods from $153.00 to $118.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 23rd. Oppenheimer cut their price target on shares of DICK’S Sporting Goods from $175.00 to $145.00 and set an “outperform” rating on the stock in a report on Wednesday, August 23rd. Stephens reiterated an “equal weight” rating and issued a $141.00 price target on shares of DICK’S Sporting Goods in a report on Tuesday, August 22nd. The Goldman Sachs Group cut their price target on shares of DICK’S Sporting Goods from $164.00 to $145.00 and set a “buy” rating on the stock in a report on Wednesday, August 23rd. Finally, Wedbush reiterated a “neutral” rating and issued a $115.00 price target on shares of DICK’S Sporting Goods in a report on Thursday, November 16th.

DICK’S Sporting Goods Price Performance

DKS opened at $118.99 on Thursday. The business’s 50-day moving average is $109.50 and its two-hundred day moving average is $124.08. DICK’S Sporting Goods has a 1 year low of $100.98 and a 1 year high of $152.61. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.81 and a quick ratio of 0.78. The firm has a market capitalization of $10.12 billion, a PE ratio of 10.56, a price-to-earnings-growth ratio of 1.98 and a beta of 1.49.

DICK’S Sporting Goods (NYSE:DKS) last posted its earnings results on Tuesday, August 22nd. The sporting goods retailer reported $2.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.76 by ($0.94). DICK’S Sporting Goods had a net margin of 8.03% and a return on equity of 40.52%. The company had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $3.24 billion. During the same quarter last year, the firm earned $3.68 EPS. DICK’S Sporting Goods’s revenue for the quarter was up 3.6% on a year-over-year basis. Research analysts anticipate that DICK’S Sporting Goods will post 11.8 earnings per share for the current fiscal year.

Insider Activity

In other news, Director William J. Colombo acquired 2,200 shares of the firm’s stock in a transaction on Thursday, September 7th. The shares were bought at an average price of $110.00 per share, for a total transaction of $242,000.00. Following the acquisition, the director now owns 170,192 shares of the company’s stock, valued at approximately $18,721,120. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director William J. Colombo acquired 2,200 shares of the firm’s stock in a transaction on Thursday, September 7th. The shares were bought at an average price of $110.00 per share, for a total transaction of $242,000.00. Following the acquisition, the director now owns 170,192 shares of the company’s stock, valued at approximately $18,721,120. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Sandeep Mathrani acquired 1,300 shares of the firm’s stock in a transaction on Thursday, August 24th. The stock was purchased at an average price of $113.54 per share, for a total transaction of $147,602.00. Following the acquisition, the director now directly owns 6,647 shares in the company, valued at approximately $754,700.38. The disclosure for this purchase can be found here. Insiders own 30.79% of the company’s stock.

Institutional Trading of DICK’S Sporting Goods

Hedge funds and other institutional investors have recently modified their holdings of the stock. Brown Brothers Harriman & Co. increased its stake in shares of DICK’S Sporting Goods by 196.7% in the 1st quarter. Brown Brothers Harriman & Co. now owns 178 shares of the sporting goods retailer’s stock worth $25,000 after acquiring an additional 118 shares during the last quarter. Quarry LP acquired a new stake in shares of DICK’S Sporting Goods in the 2nd quarter worth $26,000. Fortis Capital Advisors LLC acquired a new stake in shares of DICK’S Sporting Goods in the 1st quarter worth $28,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of DICK’S Sporting Goods during the 2nd quarter worth about $29,000. Finally, Deseret Mutual Benefit Administrators increased its position in shares of DICK’S Sporting Goods by 60.0% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 288 shares of the sporting goods retailer’s stock worth $41,000 after purchasing an additional 108 shares during the last quarter. 68.21% of the stock is owned by institutional investors and hedge funds.

DICK’S Sporting Goods Company Profile

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