DICK’S Sporting Goods (NYSE:DKS) PT Raised to $125.00

DICK’S Sporting Goods (NYSE:DKS – Valuation Received) Bank of America investment analysts raised its price target to $125.00 from $105.00 in a note issued to investors on Friday, reports The Fly. The company currently has a “buy” rating on the sporting goods retailer’s stock. Bank of America’s price target points to a potential upside of 12.56% from the stock’s current price.

Several other equity analysts have also commented on the stock. Barclays has lowered its target price on shares of DICK’S Sporting Goods from $134.00 to $106.00 and ranked the company as “overweight” in a research report on Thursday, May 26. Stephens reduced its target price on shares of DICK’S Sporting Goods to $102.00 in a research report on Monday, May 30. The Telsey Advisory Group lowered its target price on shares of DICK’S Sporting Goods from $125.00 to $110.00 and gave the company a “Outperform” rating in a research report on Thursday, May 26th. Robert W. Baird lowered his target price on DICK’S Sporting Goods to $85.00 from $115.00 and gave the company a Neutral rating on Wednesday, May 25. Finally, Wedbush lowered its price target for DICK’S Sporting Goods from $140.00 to $110.00 in a research note on Thursday, May 26. 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, DICK’S Sporting Goods currently has a consensus rating of Hold and a consensus price target of $116.47.

DICK’S sporting goods price history

NYSE: DKS shares opened at $111.05 on Friday. DICK’S Sporting Goods has a 52-week low of $63.45 and a 52-week high of $147.39. The company has a 50-day simple moving average of $89.12 and a 200-day simple moving average of $95.89. The company has a debt to equity ratio of 0.89, a quick ratio of 0.87 and a current ratio of 1.88. The company has a market cap of $8.94 billion, a price-to-earnings ratio of 8.58, a price-to-earnings-to-growth ratio of 2.09 and a beta of 1.63.

DICK’S Sporting Goods (NYSE:DKS – Get Rating) last reported its earnings results on Wednesday, May 25th. The sporting goods retailer reported earnings per share of $2.85 for the quarter, beating analyst consensus estimates of $2.43 by $0.42. DICK’S Sporting Goods had a return on equity of 58.42% and a net margin of 11.75%. The company had revenue of $2.70 billion in the quarter, compared to analyst estimates of $2.63 billion. In the same quarter last year, the company earned $3.79 per share. DICK’S Sporting Goods sales declined 7.5% year over year. On average, analysts expect DICK’S Sporting Goods to report earnings per share of 10.77 for the current year.

Insider activities at DICK’S Sporting Goods

In related news, SVP John Edward Hayes III sold 1,200 shares of the company in a transaction on Thursday, May 26. The shares sold at an average price of $84.57 for a total value of $101,484.00. Following the closing of the transaction, the senior vice president now directly owns 34,231 shares of the company, valued at $2,894,915.67. The transaction was disclosed in a legal filing with the SEC, which is available on the SEC’s website. In related news, SVP John Edward Hayes III sold 1,200 shares of the company in a transaction on Thursday, May 26. The stock sold at an average price of $84.57 for a total value of $101,484.00. Upon completion of the sale, the senior vice president now directly owns 34,231 shares of the company, valued at $2,894,915.67. The sale was announced in a filing with the SEC, which can be accessed at this link. In addition, Director William J. Colombo purchased 5,000 shares of the stock in a transaction that took place on Tuesday, May 31st. The stock was purchased at an average price of $80.99 per share for a total value 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 disclosure for this purchase can be found here. 32.83% of the shares are currently owned by insiders.

Institutional trade in DICK’S sporting goods

A number of institutional investors have been buying and selling shares of the stock recently. HS Management Partners LLC increased its position in DICK’S Sporting Goods by 368.8% during the first quarter. HS Management Partners LLC now owns 1,418,366 shares of the sporting goods retailer worth $141,865,000 after purchasing an additional 1,115,841 shares last quarter. Renaissance Technologies LLC increased its position in shares of DICK’S Sporting Goods by 1,226.2% during the second quarter. Renaissance Technologies LLC now owns 1,209,479 shares of the sporting goods retailer, valued at $91,158,000, after purchasing an additional 1,118,279 shares last quarter. Geode Capital Management LLC increased its position in shares of DICK’S Sporting Goods by 17.0% during the fourth quarter. Geode Capital Management LLC now owns 1,088,733 shares of the sporting goods retailer worth $125,197,000 after purchasing an additional 158,201 shares last quarter. AQR Capital Management LLC increased its position in shares of DICK’S Sporting Goods by 155.1% during the second quarter. AQR Capital Management LLC now owns 636,689 shares of the sporting goods retailer worth $47,446,000 after purchasing an additional 387,139 shares last quarter. Finally, Fiera Capital Corp increased its position in shares of DICK’S Sporting Goods by 43.5% during the second quarter. Fiera Capital Corp now owns 600,006 shares of the sporting goods retailer, valued at $45,223,000, after buying an additional 181,836 shares last quarter. 78.92% of the shares are currently owned by institutional investors.

About DICK’S sporting goods

(get 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 gear products; Clothing; and shoes and accessories.

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