Brokerages Set DICK’S Sporting Goods, Inc. (NYSE:DKS) Price Target at $248.09

Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) have been given an average rating of “Moderate Buy” by the twenty-two ratings firms that are currently covering the firm, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $248.09.

DKS has been the topic of a number of research reports. Loop Capital lifted their price objective on DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “hold” rating in a research note on Wednesday, November 27th. TD Cowen boosted 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 report on Wednesday, January 8th. Argus increased their price objective on shares of DICK’S Sporting Goods from $255.00 to $280.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Morgan Stanley boosted their target price on shares of DICK’S Sporting Goods from $245.00 to $255.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $260.00 price target on shares of DICK’S Sporting Goods in a report on Friday.

DICK’S Sporting Goods Trading Down 0.1 %

Shares of DKS stock opened at $214.48 on Wednesday. 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 stock has a market capitalization of $17.47 billion, a price-to-earnings ratio of 15.33, a price-to-earnings-growth ratio of 2.47 and a beta of 1.53. DICK’S Sporting Goods has a 12-month low of $178.21 and a 12-month high of $254.60. The stock’s 50-day moving average price is $231.77 and its 200-day moving average price is $219.39.

Insider Activity at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, Chairman Edward W. Stack sold 160,600 shares of the company’s stock in a transaction 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 completion of the sale, the chairman now directly owns 8,362,128 shares in the company, valued at approximately $1,917,017,844. This represents a 1.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the company’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $227.99, for a total value of $1,139,950.00. Following the completion of the sale, the executive vice president now owns 16,504 shares of the company’s stock, valued at $3,762,746.96. This represents a 23.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 172,933 shares of company stock worth $39,655,456 in the last quarter. 32.03% of the stock is owned by company insiders.

Institutional Investors Weigh In On DICK’S Sporting Goods

Hedge funds have recently made changes to their positions in the company. Brooklyn Investment Group purchased a new stake in shares of DICK’S Sporting Goods in the 3rd quarter worth $27,000. Park Square Financial Group LLC purchased a new stake in shares of DICK’S Sporting Goods in the 4th quarter worth $27,000. New Wave Wealth Advisors LLC purchased a new stake in shares of DICK’S Sporting Goods in the 4th quarter worth $28,000. Ancora Advisors LLC purchased a new stake in shares of DICK’S Sporting Goods in the 4th quarter worth $28,000. Finally, Rialto Wealth Management LLC purchased a new stake in shares of DICK’S Sporting Goods in the 4th quarter worth $30,000. 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.