Loop Capital Increases DICK’S Sporting Goods (NYSE:DKS) Price Target to $220.00

DICK’S Sporting Goods (NYSE:DKS) had its price target raised by equities research analysts at Loop Capital from $200.00 to $220.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has a “hold” rating on the sporting goods retailer’s stock. Loop Capital’s price objective points to a potential upside of 4.18% from the company’s previous close.

DKS has been the topic of several other research reports. UBS Group increased their price target on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. Citigroup lifted their price objective 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. Barclays upped their target price on DICK’S Sporting Goods from $247.00 to $254.00 and gave the stock an “overweight” rating in a research note on Thursday. Telsey Advisory Group lifted their price target on DICK’S Sporting Goods from $255.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Finally, JPMorgan Chase & Co. upped their price objective on DICK’S Sporting Goods from $197.00 to $211.00 and gave the stock a “neutral” rating in a research report on Thursday, May 30th. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $244.43.

DICK’S Sporting Goods Stock Down 4.3 %

DKS traded down $9.59 during trading on Thursday, hitting $211.18. The stock had a trading volume of 565,991 shares, compared to its average volume of 1,128,313. DICK’S Sporting Goods has a twelve month low of $100.98 and a twelve month high of $239.30. The stock has a 50 day simple moving average of $214.52 and a two-hundred day simple moving average of $207.38. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.65 and a current ratio of 1.71. The company has a market capitalization of $17.21 billion, a PE ratio of 17.54, a PEG ratio of 2.59 and a beta of 1.65.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share for the quarter, topping the consensus estimate of $3.77 by $0.60. The business had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.44 billion. DICK’S Sporting Goods had a return on equity of 41.80% and a net margin of 7.73%. The company’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the company earned $2.82 earnings per share. On average, research analysts predict that DICK’S Sporting Goods will post 13.8 earnings per share for the current year.

Insider Buying and Selling

In other DICK’S Sporting Goods news, Director Desiree Ralls-Morrison sold 3,489 shares of the firm’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $206.65, for a total value of $721,001.85. Following the transaction, the director now owns 5,609 shares in the company, valued at approximately $1,159,099.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 32.03% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of DICK’S Sporting Goods in the fourth quarter valued at approximately $108,908,000. Renaissance Technologies LLC increased its stake in shares of DICK’S Sporting Goods by 51.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,106,341 shares of the sporting goods retailer’s stock worth $237,697,000 after acquiring an additional 375,600 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of DICK’S Sporting Goods by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 5,380,645 shares of the sporting goods retailer’s stock worth $1,209,892,000 after acquiring an additional 166,687 shares during the last quarter. Los Angeles Capital Management LLC raised its holdings in shares of DICK’S Sporting Goods by 5,379.0% during the 1st quarter. Los Angeles Capital Management LLC now owns 167,768 shares of the sporting goods retailer’s stock worth $37,724,000 after acquiring an additional 164,706 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of DICK’S Sporting Goods by 40.2% during the 2nd quarter. AQR Capital Management LLC now owns 545,045 shares of the sporting goods retailer’s stock valued at $117,103,000 after acquiring an additional 156,227 shares during the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

About DICK’S Sporting Goods

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.