Equities research analysts at StockNews.com assumed coverage on shares of DICK’S Sporting Goods (NYSE:DKS – Get Rating) in a research report issued to clients and investors on Wednesday. The brokerage set a “hold” rating on the sporting goods retailer’s stock.
A number of other equities research analysts have also recently commented on DKS. Citigroup raised their target price on DICK’S Sporting Goods from $132.00 to $136.00 in a research report on Wednesday, August 24th. Stifel Nicolaus raised their price objective on DICK’S Sporting Goods from $84.00 to $100.00 in a report on Wednesday, August 24th. Evercore ISI upped their target price on DICK’S Sporting Goods from $120.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 24th. UBS Group lifted their price target on shares of DICK’S Sporting Goods from $102.00 to $112.00 and gave the company a “neutral” rating in a research note on Wednesday, August 24th. Finally, Barclays upped their price objective on shares of DICK’S Sporting Goods from $106.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $123.39.
DICK’S Sporting Goods Stock Up 0.6 %
Shares of DKS stock opened at $110.34 on Wednesday. The company has a current ratio of 1.82, a quick ratio of 0.75 and a debt-to-equity ratio of 0.85. DICK’S Sporting Goods has a twelve month low of $63.45 and a twelve month high of $142.78. The stock has a 50 day moving average of $108.81 and a 200 day moving average of $96.26. The stock has a market cap of $8.74 billion, a P/E ratio of 9.46, a P/E/G ratio of 1.93 and a beta of 1.50.
DICK’S Sporting Goods (NYSE:DKS – Get Rating) last posted its earnings results on Tuesday, August 23rd. The sporting goods retailer reported $3.68 earnings per share for the quarter, beating the consensus estimate of $3.53 by $0.15. DICK’S Sporting Goods had a net margin of 10.42% and a return on equity of 55.70%. The firm had revenue of $3.11 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same period in the previous year, the firm earned $5.08 EPS. The business’s quarterly revenue was down 5.0% on a year-over-year basis. As a group, sell-side analysts expect that DICK’S Sporting Goods will post 11.42 EPS for the current year.
Insider Buying and Selling
In other DICK’S Sporting Goods news, CEO Lauren R. Hobart sold 53,486 shares of the company’s stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $110.21, for a total value of $5,894,692.06. Following the completion of the sale, the chief executive officer now directly owns 316,661 shares in the company, valued at approximately $34,899,208.81. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO Lauren R. Hobart sold 53,486 shares of the company’s stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $110.21, for a total value of $5,894,692.06. Following the transaction, the chief executive officer now owns 316,661 shares of the company’s stock, valued at approximately $34,899,208.81. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP John Edward Hayes III sold 16,219 shares of the stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $109.70, for a total transaction of $1,779,224.30. Following the transaction, the senior vice president now directly owns 27,231 shares of the company’s stock, valued at approximately $2,987,240.70. The disclosure for this sale can be found here. 32.83% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On DICK’S Sporting Goods
Several hedge funds have recently bought and sold shares of the company. Mackenzie Financial Corp acquired a new position in DICK’S Sporting Goods in the 3rd quarter valued at about $2,986,000. Atlas Brown Inc. purchased a new position in shares of DICK’S Sporting Goods in the third quarter valued at approximately $209,000. Symmetry Partners LLC grew its holdings in shares of DICK’S Sporting Goods by 1.1% in the third quarter. Symmetry Partners LLC now owns 8,648 shares of the sporting goods retailer’s stock valued at $905,000 after purchasing an additional 92 shares in the last quarter. Hussman Strategic Advisors Inc. increased its stake in DICK’S Sporting Goods by 56.6% during the 2nd quarter. Hussman Strategic Advisors Inc. now owns 57,000 shares of the sporting goods retailer’s stock worth $4,296,000 after buying an additional 20,600 shares during the period. Finally, B. Riley Wealth Management Inc. acquired a new stake in DICK’S Sporting Goods during the 2nd quarter worth approximately $20,734,000. Institutional investors and hedge funds own 78.85% of the company’s stock.
DICK’S Sporting Goods Company Profile
DICK’S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the eastern United States. The company provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.