JPMorgan Chase & Co. Increases DICK’S Sporting Goods (NYSE:DKS) Price Target to $215.00

DICK’S Sporting Goods (NYSE:DKS) had its target price lifted by investment analysts at JPMorgan Chase & Co. from $211.00 to $215.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the sporting goods retailer’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 3.87% from the stock’s current price.

Several other equities research analysts have also issued reports on DKS. TD Cowen raised their target price on DICK’S Sporting Goods from $266.00 to $270.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Barclays raised their target price on DICK’S Sporting Goods from $247.00 to $254.00 and gave the stock an “overweight” rating in a research note on Thursday, September 5th. DA Davidson reaffirmed a “buy” rating and issued a $265.00 price target on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Wells Fargo & Company decreased their price objective on DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating on the stock in a report on Monday, August 12th. Finally, Truist Financial raised their price objective on DICK’S Sporting Goods from $243.00 to $256.00 and gave the company a “buy” rating in a report on Thursday, May 30th. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $244.62.

DICK’S Sporting Goods Stock Performance

Shares of DKS stock opened at $206.99 on Monday. The business’s 50 day simple moving average is $214.55 and its 200 day simple moving average is $208.79. DICK’S Sporting Goods has a one year low of $100.98 and a one year high of $239.30. The stock has a market capitalization of $16.87 billion, a PE ratio of 17.13, a PEG ratio of 2.39 and a beta of 1.64. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 0.69.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.77 by $0.60. The firm had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.44 billion. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.82 EPS. As a group, research analysts forecast that DICK’S Sporting Goods will post 13.83 earnings per share for the current year.

Insider Buying and Selling

In other DICK’S Sporting Goods news, Director Desiree Ralls-Morrison sold 3,489 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $206.65, for a total value of $721,001.85. Following the sale, the director now directly owns 5,609 shares of the company’s stock, valued at $1,159,099.85. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 32.03% of the stock is owned by corporate insiders.

Institutional Trading of DICK’S Sporting Goods

Institutional investors have recently made changes to their positions in the company. National Bank of Canada FI raised its holdings in shares of DICK’S Sporting Goods by 1,313.0% in the 4th quarter. National Bank of Canada FI now owns 13,989 shares of the sporting goods retailer’s stock valued at $2,042,000 after buying an additional 12,999 shares during the period. Private Advisor Group LLC purchased a new stake in shares of DICK’S Sporting Goods in the 4th quarter valued at $216,000. Charles Schwab Investment Management Inc. raised its holdings in shares of DICK’S Sporting Goods by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 402,025 shares of the sporting goods retailer’s stock valued at $59,078,000 after buying an additional 3,414 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of DICK’S Sporting Goods by 161.5% in the 4th quarter. BNP Paribas Financial Markets now owns 44,048 shares of the sporting goods retailer’s stock valued at $6,473,000 after buying an additional 27,202 shares during the period. Finally, QRG Capital Management Inc. raised its holdings in shares of DICK’S Sporting Goods by 10.3% in the 4th quarter. QRG Capital Management Inc. now owns 7,516 shares of the sporting goods retailer’s stock valued at $1,104,000 after buying an additional 700 shares during the period. 89.83% of the stock is owned by institutional investors and hedge funds.

DICK’S Sporting Goods Company Profile

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as an omni-channel sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and fishing gear products; apparel; and footwear and accessories.