Telsey Advisory Group Reiterates “Outperform” Rating for DICK’S Sporting Goods (NYSE:DKS)

DICK’S Sporting Goods (NYSE:DKS – Rating Received)‘s stock was upgraded to a “outperform” rating by equities analysts at Telsey Advisory Group in a report released Friday, Benzinga reports. They currently have a price target of $165.00 on the sporting goods retailer’s stock. Telsey Advisory Group’s price target points to a potential upside of 12.48% from the stock’s current price.

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A number of other research analysts also recently covered the company. Citigroup has raised its target price on DICK’S Sporting Goods to $144.00 from $140.00 and gave the company a “neutral” rating in a research note on Wednesday, March 8th. Oppenheimer raised its target price on DICK’S Sporting Goods shares to $175.00 from $138.00 and gave the company a “Outperform” rating in a research note on Wednesday, March 8th. JPMorgan Chase & Co. increased its price target on shares of DICK’S Sporting Goods to $148.00 from $125.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 8. Loop Capital has raised its price target on DICK’S Sporting Goods to $150.00 from $130.00 and issued a research report on Thursday, March 9th with a “hold” rating of the company. Finally, Goldman Sachs Group raised its target price on 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. Ten equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $156.61.

DICK’S Sporting Goods Stock Performance

DKS shares opened at $146.69 on Friday. The company has a 50-day moving average of $131.62 and a 200-day moving average of $119.10. DICK’S Sporting Goods has a 12-month low of $63.45 and a 12-month high of $152.61. The company has a market cap of $11.62 billion, a price-to-earnings ratio of 13.62, a price-to-earnings ratio of 2.03 and a beta of 1.41. The company has a quick ratio of 0.81, a current ratio of 1.88 and a debt to equity ratio of 0.61.

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 (EPS) of $2.93 for the quarter, beating the consensus estimate of $2.86 by $0.07. The company had revenue of $3.60 billion in the quarter, compared to analyst estimates of $3.45 billion. DICK’S Sporting Goods had a net margin of 8.43% and a return on equity of 45.97%. Quarterly sales at DICK’S Sporting Goods increased 7.3% compared to the same quarter last year. In the same quarter last year, the company earned $3.64 per share. As a group, equity analysts expect DICK’S Sporting Goods to post 13.51 EPS for the current fiscal year.

Insider activities at DICK’S Sporting Goods

In other news from DICK’S Sporting Goods, Chairman Edward W. Stack sold 159,461 shares of the stock in a transaction on Monday, March 13th. The stock sold at an average price of $144.38 for a total transaction of $23,022,979.18. Upon completion of the transaction, the Chairman now directly owns 10,953,633 shares of the Company, valued at $1,581,485,532.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed at this hyperlink. In other news, EVP Vladimir Rak sold 29,144 shares of the company’s shares in a transaction that took place on Wednesday, December 21st. The stock sold at an average price of $112.43 for a total value of $3,276,659.92. Following the transaction, the Executive Vice President now directly owns 48,260 shares of the Company, valued at approximately $5,425,871.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed at this hyperlink. In addition, Chairman Edward W. Stack sold 159,461 shares of the stock in a transaction that took place on Monday, March 13th. The stock sold at an average price of $144.38 for a total value of $23,022,979.18. Following the sale, the Chairman now owns 10,953,633 shares of the Company, valued at $1,581,485,532.54. The disclosure for this sale can be found here. Insiders have sold a total of 271,997 shares of the company’s shares worth $38,408,991 over the past 90 days. 32.83% of the shares are owned by company insiders.

Institutional trade in DICK’S sporting goods

Major investors have recently changed their positions in the business. Heritage Wealth Management LLC increased its position in DICK’S Sporting Goods by 100.0% during the fourth quarter. Heritage Wealth Management LLC now owns 216 shares of the sporting goods retailer, valued at $26,000, after buying another 108 shares last quarter. CoreCap Advisors LLC acquired a new interest in shares of DICK’S Sporting Goods valued at approximately $39,000 during the fourth quarter. Northern Oak Wealth Management Inc. acquired a new interest in DICK’S Sporting Goods stock valued at approximately $51,000 during the second quarter. Ronald Blue Trust Inc. increased its position in DICK’S Sporting Goods by 761.9% during the fourth quarter. Ronald Blue Trust Inc. now owns 543 shares of the sporting goods retailer, valued at $57,000, after buying another 480 shares last quarter. Finally, Godsey & Gibb Inc. acquired a new position in DICK’S Sporting Goods valued at $60,000 during the fourth 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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