DICK’S Sporting Goods (NYSE:DKS) Coverage Initiated by Analysts at StockNews.com

Equity analysts from StockNews.com began reporting shares of DICK’S Sporting Goods (NYSE:DKS – Rating Received) in a research report published on Thursday. The company gave the sporting goods retailer a hold rating.

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Other analysts have also issued research reports on the stock. Stephens raised his target price on shares of DICK’S Sporting Goods to $121.00 in a research report on Friday, November 25. Goldman Sachs Group has raised its target price on shares of DICK’S Sporting Goods to $129.00 from $125.00 and gave the stock a buy rating in a research report on Monday, November 28. Oppenheimer raised its target price on DICK’S Sporting Goods shares to $175.00 from $138.00 and gave the stock a “outperform” rating in a research report on Wednesday, March 8. UBS Group raised its price target for shares of DICK’S Sporting Goods from USD 120.00 to USD 130.00 and gave the stock a neutral rating in a research report on Friday, January 6. Finally, on Friday, March 3rd, the Telsey Advisory Group confirmed an outperform rating and price target of $135.00 for shares of DICK’S Sporting Goods in a research report on Friday, March 3rd. Ten investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target of $155.30.

DICK’S sporting goods retail down 1.5%

Shares of DKS opened at $146.71 on Thursday. The company has a debt to equity ratio of 0.61, a current ratio of 1.88 and a quick ratio of 0.81. The company has a 50-day simple moving average of $131.17 and a 200-day simple moving average of $118.91. DICK’S Sporting Goods has a 1-year low of $63.45 and a 1-year high of $152.61. The stock has a market cap of $11.62 billion, a price-to-earnings ratio of 13.62, a price-to-earnings-to-growth ratio of 2.01 and a beta of 1.41.

DICK’S Sporting Goods (NYSE:DKS – Get Rating) last issued its quarterly earnings data on Tuesday, March 7th. The sporting goods retailer reported earnings per share of $2.93 for the quarter, beating analyst consensus estimates of $2.86 by $0.07. DICK’S Sporting Goods had a net margin of 8.43% and a return on equity of 45.97%. The company made $3.60 billion in revenue for the quarter, compared to analysts’ expectations of $3.45 billion. In the same period last year, the company posted $3.64 per share. The company’s revenue rose 7.3% year over year. Equity analysts are forecasting that DICK’S Sporting Goods will post 13.38 EPS for the current fiscal year.

Insider Activity

In related news, EVP Vladimir Rak sold 29,144 shares of the stock in a transaction on Wednesday, December 21st. The shares sold at an average price of $112.43 for a total transaction of $3,276,659.92. Following the sale, the Executive Vice President now owns 48,260 shares of the Company, valued at $5,425,871.80. The transaction was disclosed in a document filed with the SEC, available at this hyperlink. In related news, CEO Lauren R. Hobart sold 83,392 shares of the stock in a transaction dated Monday, March 13. The shares were sold at an average price of $145.21 for a total transaction of $12,109,352.32. Following the sale, the Chief Executive Officer now owns 233,269 shares of the Company, valued at $33,872,991.49. The transaction was disclosed in a document filed with the SEC, available at this hyperlink. In addition, EVP Vladimir Rak sold 29,144 shares of the stock in a transaction on Wednesday, December 21st. The stock sold at an average price of $112.43 for a total transaction of $3,276,659.92. Following the sale, the Executive Vice President now owns 48,260 shares of the Company, valued at approximately $5,425,871.80. The disclosure for this sale can be found here. Over the past 90 days, insiders have sold 271,997 shares of the company’s stock valued at $38,408,991. 32.83% of the shares are currently owned by company insiders.

Institutional inflows and outflows

Several institutional investors and hedge funds have recently bought and sold shares in DKS. Commonwealth of Pennsylvania Public School Empls Retrmt SYS added 7.2% to its position in DICK’S Sporting Goods during the first quarter. The Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,056 shares of the sporting goods retailer, worth $2,306,000, after buying another 1,541 shares last quarter. Great West Life Assurance Co. Can increased its position in DICK’S Sporting Goods by 14.5% in the first quarter. Great West Life Assurance Co. Can now owns 40,257 shares of the sporting goods retailer, valued at $4,161,000, after buying another 5,111 shares last quarter. Yousif Capital Management LLC increased its position in DICK’S Sporting Goods by 0.6% in the first quarter. Yousif Capital Management LLC now owns 36,694 shares of the sporting goods retailer, valued at $3,670,000, after purchasing an additional 217 shares last quarter. Sei Investments Co. increased its position in DICK’S Sporting Goods by 20.3% in the first quarter. Sei Investments Co. now owns 30,737 shares of the sporting goods retailer, worth $3,160,000, after buying another 5,182 shares last quarter. Finally, the Canada Pension Plan Investment Board increased its position in DICK’S Sporting Goods by 34.4% in the first quarter. The Canada Pension Plan Investment Board now owns 2,047 shares of the sporting goods retailer, valued at $204,000, after buying another 524 shares last quarter. Institutional investors own 75.08% of the company’s shares.

DICK’S Sporting Goods Company Profile

(received rating)

Dick’s Sporting Goods, Inc retails an extensive line of authentic athletic equipment, apparel, footwear and accessories through a blend of associates, in-store services and unique shop-in-shops. The company was founded in 1948 by Richard T. Stack and is headquartered in Coraopolis, PA.

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