DICK’S Sporting Goods (NYSE:DKS) PT Raised to $225.00 at UBS Group

DICK’S Sporting Goods (NYSE:DKS) had its price objective raised by UBS Group from $220.00 to $225.00 in a research note released on Monday, Benzinga reports. They currently have a neutral rating on the sporting goods retailer’s stock.

A number of other research firms also recently issued reports on DKS. Bank of America upgraded shares of DICK’S Sporting Goods from a neutral rating to a buy rating and increased their target price for the stock from $225.00 to $240.00 in a research report on Wednesday, May 29th. Oppenheimer lifted their price objective on DICK’S Sporting Goods from $240.00 to $270.00 and gave the company an outperform rating in a research report on Thursday, May 30th. DA Davidson upped their target price on DICK’S Sporting Goods from $250.00 to $265.00 and gave the stock a buy rating in a research report on Wednesday, May 29th. Morgan Stanley raised their price target on DICK’S Sporting Goods from $235.00 to $245.00 and gave the stock an overweight rating in a research note on Thursday, May 30th. Finally, Citigroup boosted their price target on DICK’S Sporting Goods from $220.00 to $230.00 and gave the company a neutral rating in a research note on Thursday, May 30th. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $241.76.

DICK’S Sporting Goods Stock Up 0.1 %

Shares of DICK’S Sporting Goods stock opened at $235.12 on Monday. DICK’S Sporting Goods has a 1 year low of $100.98 and a 1 year high of $239.30. The company has a market cap of $19.16 billion, a P/E ratio of 19.46, a P/E/G ratio of 2.26 and a beta of 1.65. The company has a current ratio of 1.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.55. The stock has a 50-day moving average price of $214.19 and a 200 day moving average price of $205.32.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Wednesday, May 29th. The sporting goods retailer reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.94 by $0.36. The business had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.94 billion. DICK’S Sporting Goods had a net margin of 7.73% and a return on equity of 41.80%. During the same period in the prior year, the firm earned $3.40 earnings per share. The firm’s revenue was up 6.2% compared to the same quarter last year. As a group, analysts expect that DICK’S Sporting Goods will post 13.76 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Desiree Ralls-Morrison sold 3,489 shares of the firm’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $206.65, for a total value of $721,001.85. Following the sale, the director now directly owns 5,609 shares of the company’s stock, valued at $1,159,099.85. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 32.03% of the company’s stock.

Institutional Investors Weigh In On DICK’S Sporting Goods

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cetera Investment Advisers boosted its holdings in DICK’S Sporting Goods by 54.6% in the 2nd quarter. Cetera Investment Advisers now owns 11,672 shares of the sporting goods retailer’s stock valued at $2,508,000 after purchasing an additional 4,124 shares during the period. Truist Financial Corp raised its position in shares of DICK’S Sporting Goods by 1.1% during the second quarter. Truist Financial Corp now owns 18,055 shares of the sporting goods retailer’s stock valued at $3,879,000 after buying an additional 198 shares during the last quarter. Creative Planning lifted its stake in shares of DICK’S Sporting Goods by 2.6% in the second quarter. Creative Planning now owns 16,775 shares of the sporting goods retailer’s stock valued at $3,604,000 after buying an additional 425 shares during the period. Scientech Research LLC grew its position in DICK’S Sporting Goods by 525.2% during the second quarter. Scientech Research LLC now owns 14,579 shares of the sporting goods retailer’s stock worth $3,132,000 after buying an additional 12,247 shares in the last quarter. Finally, Lighthouse Investment Partners LLC acquired a new stake in DICK’S Sporting Goods during the second quarter worth about $520,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

DICK’S Sporting Goods Company Profile

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