DICK’S Sporting Goods (NYSE:DKS) Stock Rating Reaffirmed by DA Davidson

DICK’S Sporting Goods (NYSE:DKS)‘s stock had its “buy” rating reaffirmed by DA Davidson in a note issued to investors on Thursday, Benzinga reports. They presently have a $265.00 price objective on the sporting goods retailer’s stock. DA Davidson’s price target would indicate a potential upside of 23.15% from the company’s current price.

A number of other research analysts have also recently issued reports on the company. Barclays lifted their price objective on DICK’S Sporting Goods from $231.00 to $247.00 and gave the company an “overweight” rating in a report on Thursday, May 30th. Morgan Stanley increased their price objective on shares of DICK’S Sporting Goods from $235.00 to $245.00 and gave the company an “overweight” rating in a report on Thursday, May 30th. Oppenheimer upped their price target on DICK’S Sporting Goods from $240.00 to $270.00 and gave the company an “outperform” rating in a research note on Thursday, May 30th. Stifel Nicolaus lifted their target price on DICK’S Sporting Goods from $215.00 to $232.00 and gave the stock a “hold” rating in a report on Thursday, May 30th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $235.00 price target on shares of DICK’S Sporting Goods in a report on Wednesday, August 28th. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $242.67.

DICK’S Sporting Goods Stock Down 2.5 %

Shares of DKS traded down $5.58 during mid-day trading on Thursday, reaching $215.19. The company’s stock had a trading volume of 267,943 shares, compared to its average volume of 1,126,261. The company has a quick ratio of 0.65, a current ratio of 1.71 and a debt-to-equity ratio of 0.55. DICK’S Sporting Goods has a 1 year low of $100.98 and a 1 year high of $239.30. The business has a fifty day moving average of $214.52 and a 200 day moving average of $207.38. The company has a market cap of $17.54 billion, a price-to-earnings ratio of 17.81, a price-to-earnings-growth ratio of 2.59 and a beta of 1.65.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.77 by $0.60. DICK’S Sporting Goods had a return on equity of 41.80% and a net margin of 7.73%. The business had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.44 billion. During the same period last year, the business earned $2.82 EPS. The firm’s revenue was up 7.6% compared to the same quarter last year. As a group, analysts forecast that DICK’S Sporting Goods will post 13.8 earnings per share for the current fiscal year.

Insider Buying and Selling at DICK’S Sporting Goods

In other news, Director Desiree Ralls-Morrison sold 3,489 shares of DICK’S Sporting Goods 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 32.03% of the company’s stock.

Institutional Trading of DICK’S Sporting Goods

Institutional investors have recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new stake in shares of DICK’S Sporting Goods during the first quarter valued at $25,000. ICA Group Wealth Management LLC bought a new stake in DICK’S Sporting Goods during the 2nd quarter valued at about $28,000. Covestor Ltd lifted its holdings in DICK’S Sporting Goods by 70.5% during the 1st quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer’s stock valued at $30,000 after buying an additional 55 shares in the last quarter. Innealta Capital LLC purchased a new stake in DICK’S Sporting Goods in the 2nd quarter valued at about $31,000. Finally, ORG Partners LLC bought a new position in DICK’S Sporting Goods in the 2nd quarter worth about $30,000. Institutional investors 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.