DICK’S Sporting Goods (NYSE:DKS) Given New $115.00 Price Target at Robert W. Baird

DICK’S Sporting Goods (NYSE:DKS – Rating Received) Its price target was raised from $85.00 to $115.00 by equity researchers at Robert W. Baird, in a note issued to investors on Tuesday, The Fly reports. Robert W. Baird’s price target indicates a potential upside of 3.47% from the stock’s current price.

Other equity analysts have also recently published reports on the stock. Gordon Haskett upgraded DICK’S Sporting Goods shares from a “Reduce” rating to a “Hold” rating and put a price target for the stock of $78.00 in a research note on Thursday, May. UBS Group lowered its target price on shares of DICK’S Sporting Goods to $85.00 in a research report on Thursday, May 26. Stifel Nicolaus raised his price target on shares of DICK’S Sporting Goods from $75.00 to $84.00 in a research report on Wednesday, July 20. Bank of America raised its target price on shares of DICK’S Sporting Goods to $125.00 from $105.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Stephens lowered his target price on shares of DICK’S Sporting Goods to $102.00 in a research report on Monday, May 30. One equities research analyst has rated the stock with a sell rating, nine with a hold rating and nine with a buy rating. According to data from MarketBeat.com, the company has a consensus rating of Hold and a consensus target of $118.24.

DICK’S sporting goods retail increased by 0.7%

NYSE: DKS rose $0.77 on Tuesday midday to hit $111.14. 5,544,000 shares of hands traded, compared to an average volume of 2,064,259. The stock has a market cap of $8.95 billion, a price-to-earnings ratio of 8.59, a PEG ratio of 2.06, and a beta of 1.63. DICK’S Sporting Goods has a 52-week low of $63.45 and a 52-week high of $147.39. The company’s 50-day moving average is $89.86 and its 200-day moving average is $95.77. The company has a quick ratio of 0.87, a current ratio of 1.88 and a debt to equity ratio of 0.89.

DICK’S Sporting Goods (NYSE:DKS – Get Rating) last released its quarterly results on Wednesday, May 25th. The sporting goods retailer reported $2.85 EPS for the quarter, beating the consensus estimate of $2.43 by $0.42. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.63 billion. DICK’S Sporting Goods had a net margin of 11.75% and a return on equity of 58.42%. The company’s revenue fell 7.5% compared to the prior-year quarter. In the same period last year, the company posted $3.79 per share. On average, equity analysts are forecasting that Dick’s Sporting Goods will post earnings per share of 10.78 for the year to date.

Insider activities at DICK’S Sporting Goods

In other news, Director William J. Colombo acquired 5,000 shares of the company’s stock in a transaction that took place on Tuesday, May 31st. The shares were purchased at an average price of $80.99 per share for a total transaction of $404,950.00. Upon completion of the transaction, the Director now owns 162,003 shares of the Company, valued at $13,120,622.97. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC’s website. In related news, on Tuesday, May 31, Director William J. Colombo acquired 5,000 shares of the company’s shares in a transaction. The shares were purchased at an average price of $80.99 per share for a total value of $404,950.00. Upon completion of the acquisition, the Director now directly owns 162,003 shares of the Company, valued at approximately $13,120,622.97. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC’s website. Also on Thursday, May 26, SVP John Edward Hayes III sold 1,200 shares of the stock in one transaction. The shares were sold at an average price of $84.57 for a total transaction of $101,484.00. Following the transaction, the senior vice president now directly owns 34,231 shares of the company, valued at $2,894,915.67. The disclosure for this sale can be found here. 32.83% of the shares are owned by company insiders.

Hedge funds rely on sporting goods from DICK

Hedge funds and other institutional investors have recently added to or reduced their holdings in the stock. Fifth Third Bancorp increased its stake in DICK’S Sporting Goods by 62.0% during the first quarter. Fifth Third Bancorp now owns 264 shares of the $26,000 sporting goods retailer after buying another 101 shares last quarter. Hennion & Walsh Asset Management Inc. increased its stake in DICK’S Sporting Goods by 1.6% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 7,246 shares of the sporting goods retailer, valued at $546,000, after buying another 113 shares last quarter. Centric Wealth Management increased its stake in DICK’S Sporting Goods by 0.6% during the first quarter. Centric Wealth Management now owns 21,520 shares of the sporting goods retailer, valued at $2,152,000, after buying another 127 shares last quarter. CPR Investments Inc. increased its stake in DICK’S Sporting Goods by 2.6% during the first quarter. CPR Investments Inc. now owns 5,318 shares of the sporting goods retailer, valued at $532,000, after purchasing an additional 136 shares last quarter. Finally, First Citizens Bank & Trust Co. increased its stake in DICK’S Sporting Goods by 3.8% during the first quarter. First Citizens Bank & Trust Co. now owns 4,013 shares of the sporting goods retailer, valued at $401,000, after buying another 146 shares last quarter. 78.92% of the shares are owned by hedge funds and other institutional investors.

About DICK’S sporting goods

(received rating)

DICK’S Sporting Goods, Inc, along with its subsidiaries, operates as a sporting goods retailer primarily in the eastern United States. The Company offers hardlines including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing equipment products; Clothing; and shoes and accessories.

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