DICK’S Sporting Goods (NYSE:DKS) Stock Price Expected to Rise, TD Cowen Analyst Says

DICK’S Sporting Goods (NYSE:DKS) had its price target boosted by TD Cowen from $270.00 to $294.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the sporting goods retailer’s stock. TD Cowen’s price objective would indicate a potential upside of 26.33% from the company’s previous close.

Several other equities research analysts also recently weighed in on the stock. Telsey Advisory Group reissued an “outperform” rating and set a $260.00 price target on shares of DICK’S Sporting Goods in a research report on Tuesday, November 26th. UBS Group upgraded DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and increased their target price for the company from $225.00 to $260.00 in a research note on Wednesday, November 27th. Truist Financial boosted their price target on DICK’S Sporting Goods from $256.00 to $258.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Loop Capital increased their price objective on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a research report on Wednesday, November 27th. Finally, Wedbush reissued a “neutral” rating and issued a $215.00 target price (down previously from $250.00) on shares of DICK’S Sporting Goods in a research report on Wednesday, November 27th. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, DICK’S Sporting Goods presently has an average rating of “Moderate Buy” and a consensus target price of $246.10.

DICK’S Sporting Goods Stock Performance

DICK’S Sporting Goods stock opened at $232.72 on Wednesday. The stock’s 50 day moving average is $214.24 and its 200 day moving average is $213.17. The company has a market capitalization of $18.96 billion, a P/E ratio of 16.63, a PEG ratio of 2.52 and a beta of 1.58. DICK’S Sporting Goods has a twelve month low of $137.44 and a twelve month high of $239.30. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.07. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The firm had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.03 billion. During the same quarter in the previous year, the firm earned $2.85 EPS. DICK’S Sporting Goods’s quarterly revenue was up .5% compared to the same quarter last year. On average, equities research analysts predict that DICK’S Sporting Goods will post 13.88 earnings per share for the current fiscal year.

Insider Buying and Selling

In other DICK’S Sporting Goods news, Director Lawrence J. Schorr sold 7,333 shares of DICK’S Sporting Goods stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total value of $1,697,956.15. Following the sale, the director now directly owns 50,997 shares in the company, valued at approximately $11,808,355.35. The trade was a 12.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Edward W. Stack sold 160,600 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $229.25, for a total value of $36,817,550.00. Following the completion of the sale, the chairman now owns 8,362,128 shares in the company, valued at $1,917,017,844. This represents a 1.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 32.03% of the stock is currently owned by insiders.

Institutional Trading of DICK’S Sporting Goods

A number of large investors have recently made changes to their positions in the business. Acadian Asset Management LLC bought a new position in shares of DICK’S Sporting Goods during the 2nd quarter valued at approximately $2,716,000. Quest Partners LLC purchased a new position in DICK’S Sporting Goods in the 2nd quarter worth about $92,000. Ashton Thomas Private Wealth LLC bought a new stake in DICK’S Sporting Goods during the 2nd quarter valued at about $79,000. Prudential PLC purchased a new stake in DICK’S Sporting Goods in the 2nd quarter valued at about $423,000. Finally, Choreo LLC bought a new position in DICK’S Sporting Goods in the 2nd quarter worth about $288,000. 89.83% of the stock is currently owned by institutional investors.

About DICK’S Sporting Goods

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.