DICK’S Sporting Goods (NYSE:DKS) PT Raised to $128.00 at Cowen
DICK’S Sporting Goods (NYSE:DKS – Valuation Received) Cowen raised its target price from $126.00 to $128.00 in a note issued to investors on Wednesday, Stock Target Advisor reports. The stockbroker currently has an “Outperform” rating on the sporting goods retailer’s stock. Cowen’s price target would suggest potential upside of 13.81% from the stock’s previous close.
Other equities analysts have also issued reports on the stock. UBS Group lowered its target price on shares of DICK’S Sporting Goods to $85.00 in a research report on Thursday, May 26. Wedbush lowered its target price on shares of DICK’S Sporting Goods to $110.00 from $140.00 in a research report on Thursday, May 26. 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. 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. Finally, OTR Global downgraded shares of DICK’S Sporting Goods to a “positive” rating in a research report on Wednesday, May 18th. One analyst has rated the stock with a sell rating, nine with a hold rating and nine with a buy rating. Based on data from MarketBeat, the company currently has an average rating of Hold and an average target price of $115.88.
DICK’S sporting goods inventory up 0.2%
NYSE:DKS opened at $112.47 on Wednesday. DICK’S Sporting Goods has a 52-week low of $63.45 and a 52-week high of $147.39. The stock has a market cap of $9.06 billion, a P/E of 8.69, a P/E of 2.10, and a beta of 1.63. 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’s 50-day simple moving average is $88.45 and its 200-day simple moving average is $96.08.
DICK’S Sporting Goods (NYSE:DKS – Get Rating) last announced its quarterly earnings data 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 in the quarter, compared to analyst estimates of $2.63 billion. DICK’S Sporting Goods had a net margin of 11.75% and a return on equity of 58.42%. DICK’S Sporting Goods sales declined 7.5% year over year. In the same period last year, the company posted $3.79 per share. On average, stock analysts assume that DICK’S Sporting Goods will post earnings per share of 10.77 for the current fiscal year.
Insider activities at DICK’S Sporting Goods
In related 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 value of $404,950.00. Following the purchase, the Director now owns 162,003 shares of the Company, valued at $13,120,622.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, available at this hyperlink. In other news from DICK’S Sporting Goods, SVP John Edward Hayes III sold 1,200 shares of DICK’S Sporting Goods in a transaction on Thursday, May 26th. The shares sold at an average price of $84.57 for a total transaction of $101,484.00. Following the sale, the senior vice president now owns 34,231 shares of the company’s stock valued at approximately $2,894,915.67. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website. Also on Tuesday, May 31, Director William J. Colombo purchased 5,000 shares of the stock in one transaction. The shares were acquired at an average price of $80.99 per share for a total transaction of $404,950.00. Following the purchase, 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 owned by company insiders.
Institutional investors rely on sporting goods from DICK
Several institutional investors and hedge funds have recently added to or reduced their stakes in DKS. Renaissance Technologies LLC increased its stake in 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. HS Management Partners LLC increased its ownership interest in DICK’S Sporting Goods stock by 368.8% during the first quarter. HS Management Partners LLC now owns 1,418,366 shares of the sporting goods retailer valued at $141,865,000 after purchasing an additional 1,115,841 shares during the period. CIBC Private Wealth Group LLC increased its stake in DICK’S Sporting Goods by 14,621.4% in the second quarter. CIBC Private Wealth Group LLC now owns 523,934 shares of the sporting goods retailer valued at $39,487,000 after purchasing an additional 520,375 shares during the period. AQR Capital Management LLC increased its stake in 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 valued at $47,446,000 after purchasing an additional 387,139 shares during the period. Eventually, Lord Abbett & CO. LLC added a new position in DICK’S Sporting Goods stock valued at $38,324,000 during the first quarter. Institutional investors and hedge funds own 78.92% of the company’s shares.
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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