DICK’S Sporting Goods (NYSE: DKS) The price target was raised by analysts at Wedbush in a research note published on Monday from USD 85.00 to USD 97.00, reports The Fly. The company currently has an “Outperform” rating on the sporting goods retailer’s stock. Wedbush’s price target would indicate a potential 10.28% increase over the stock’s last closing price.
Several other equity analysts have also recently commented on DKS. Barclays raised its target price on shares of DICK’S Sporting Goods from $ 80.00 to $ 86.00 and rated the company as overweight in a research report on Wednesday March 10th. Citigroup upgraded the stock of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and raised its price target for the stock from USD 66.00 to $ 90.00 in a research report on Wednesday, January 27th USD. Gordon Haskett took over coverage of the stock of DICK’S Sporting Goods in a research report on Friday, February 5th. They set a “hold” rating and a target price of $ 70.00 for the company. Robert W. Baird raised his price target for shares of DICK’S Sporting Goods from USD 75.00 to USD 90.00 and gave the shares a “neutral” rating in a research report on Monday. Finally, the Goldman Sachs Group raised its price target for shares in DICK’S Sporting Goods from USD 76.00 to USD 91.00 and rated the stock as a “Buy” in a research report on Monday, May 10th. Two research analysts for stocks have given the stock a sell rating, nine with a hold rating and twelve with a buy rating. DICK’S Sporting Goods currently has an average “Hold” rating and an average price target of $ 74.27.
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NYSE DKS opened at $ 87.96 on Monday. The company has a leverage ratio of 0.19, a current rate of 1.40, and a fast rate of 0.48. DICK’S Sporting Goods has a 1-year low of $ 26.57 and a 1-year high of $ 91.80. The company has a market cap of $ 7.85 billion, value for money of 21.67, a PEG ratio of 1.84, and a beta of 1.62. The 50-day moving average price for the stock is $ 82.98 and the 200-day moving average price is $ 68.91.
DICK’S Sporting Goods (NYSE: DKS) last released its quarterly results on Monday, March 8th. The sporting goods retailer reported earnings per share of $ 2.43 for the quarter, beating Thomson Reuters’ estimated profit margin of $ 2.21 by $ 0.22. DICK’S Sporting Goods had a net margin of 4.20% and a return on equity of 25.52%. The company had revenue of $ 3.13 billion for the quarter, compared to analyst expectations of $ 3.07 billion. For the same quarter last year, the company had earnings per share of $ 1.32. The company’s sales increased by 19.8% compared to the same quarter of the previous year. Analysts assume that DICK’S Sporting Goods will achieve earnings per share of 6.36 in the current year.
In other news from DICK’S Sporting Goods, CFO Lee J. Belitsky sold 25,000 shares in the company on Monday March 22nd. The shares were sold at an average price of $ 79.25 for a total value of $ 1,981,250.00. Following the sale, the CFO now holds 279,647 shares in the company valued at $ 22,162,024.75. The sale was announced in a legal filing with the Securities & Exchange Commission, which can be accessed on the SEC website. In addition, SVP John Edward Hayes III sold 11,671 shares in the company in a transaction on Friday March 12th. The shares were sold at an average price of $ 74.88 for a total transaction of $ 873,924.48. Upon completion of the sale, the senior vice president now directly holds 44,562 shares in the company valued at approximately $ 3,336,802.56. The disclosure for this sale can be found here. In the past 90 days, insiders have sold 58,343 shares in the company, valued at $ 4,500,878. Currently, 30.57% of the shares are owned by insiders.
Institutional investors and hedge funds have recently added or reduced their stake in the stock. Ceredex Value Advisors LLC acquired a new stake in DICK’S Sporting Goods worth $ 28,000 in the fourth quarter. Tradition Wealth Management LLC acquired a new stake in DICK’S Sporting Goods worth $ 38,000 in the first quarter. AdvisorNet Financial Inc increased its stake in DICK’S Sporting Goods by 1,566.7% in the fourth quarter. AdvisorNet Financial Inc now owns 700 shares in the sporting goods retailer valued at $ 39,000 after purchasing an additional 658 shares last quarter. TCTC Holdings LLC increased its stake in DICK’S Sporting Goods by 104.1% in the first quarter. TCTC Holdings LLC now owns 645 shares of the sporting goods retailer valued at $ 49,000 after purchasing an additional 329 shares last quarter. Finally, O Shaughnessy Asset Management LLC increased its stake in DICK’S Sporting Goods by 38.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 642 shares in the sporting goods retailer, valued at $ 49,000, after acquiring an additional 179 shares last quarter. 76.48% of the shares are owned by institutional investors and hedge funds.
Company profile of DICK’S Sporting Goods
DICK’S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer mainly in the eastern United States. It offers hard lines including sporting goods, fitness equipment, golf equipment, and hunting and fishing equipment. Clothing; as well as shoes and accessories.
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