DICK’S Sporting Goods’ (DKS) Outperform Rating Reiterated at Telsey Advisory Group

DICK’S Sporting Goods (NYSE:DKS)‘s stock had its “outperform” rating reissued by analysts at Telsey Advisory Group in a research note issued to investors on Friday,Benzinga reports. They presently have a $260.00 price objective on the sporting goods retailer’s stock. Telsey Advisory Group’s target price would indicate a potential upside of 21.01% from the stock’s previous close.

Several other equities analysts have also issued reports on DKS. Truist Financial raised their price objective on DICK’S Sporting Goods from $256.00 to $258.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. UBS Group upgraded DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $225.00 to $260.00 in a research note on Wednesday, November 27th. Wedbush reissued a “neutral” rating and issued a $215.00 price objective on shares of DICK’S Sporting Goods in a report on Thursday. Argus lifted their target price on shares of DICK’S Sporting Goods from $255.00 to $280.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Finally, TD Cowen increased their price target on shares of DICK’S Sporting Goods from $270.00 to $294.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $248.09.

DICK’S Sporting Goods Trading Down 0.8 %

Shares of DICK’S Sporting Goods stock opened at $214.86 on Friday. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. The company has a fifty day simple moving average of $232.56 and a 200-day simple moving average of $219.65. The stock has a market cap of $17.51 billion, a price-to-earnings ratio of 15.36, a PEG ratio of 2.47 and a beta of 1.57. DICK’S Sporting Goods has a 12-month low of $178.21 and a 12-month high of $254.60.

Insider Buying and Selling

In related news, Chairman Edward W. Stack sold 160,600 shares of the company’s stock in a transaction that occurred on 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 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Lawrence J. Schorr sold 7,333 shares of DICK’S Sporting Goods stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $231.55, for a total value of $1,697,956.15. Following the transaction, the director now directly owns 50,997 shares of the company’s stock, valued at approximately $11,808,355.35. This represents a 12.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 172,933 shares of company stock valued at $39,655,456. Corporate insiders own 32.03% of the company’s stock.

Hedge Funds Weigh In On DICK’S Sporting Goods

Hedge funds have recently added to or reduced their stakes in the business. Wealthfront Advisers LLC purchased a new stake in shares of DICK’S Sporting Goods in the fourth quarter valued at about $1,893,210,000. State Street Corp lifted its stake in DICK’S Sporting Goods by 1.2% in the 3rd quarter. State Street Corp now owns 2,259,133 shares of the sporting goods retailer’s stock valued at $473,945,000 after buying an additional 27,155 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in DICK’S Sporting Goods by 4.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,866,177 shares of the sporting goods retailer’s stock valued at $427,056,000 after buying an additional 77,357 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of DICK’S Sporting Goods by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 1,057,793 shares of the sporting goods retailer’s stock worth $241,660,000 after acquiring an additional 15,011 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of DICK’S Sporting Goods in the fourth quarter valued at $221,693,000. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

About DICK’S Sporting Goods

Dick’s Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.