DICK'S Sporting Goods (NYSE:DKS) Earns Outperform Rating from Telsey Advisory Group

Key Points

• Telsey Advisory Group reiterated an "Outperform" rating on DICK'S Sporting Goods with a $245.00 price target, implying about a 24.69% upside from the current price.
• Analyst consensus is a Moderate Buy with a $238.37 average target; ratings mix includes 1 Strong Buy, 10 Buy, 9 Hold and 1 Sell, showing varied conviction across firms.
• Shares traded around $196.49 (down ~0.4%), with a market cap of $17.68 billion, a P/E of 15.79, and institutional ownership near 89.83%.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report)'s stock had its "outperform" rating restated by equities research analysts at Telsey Advisory Group in a research report issued to clients and investors on Monday,Benzinga reports. They presently have a $245.00 target price on the sporting goods retailer's stock. Telsey Advisory Group's price objective suggests a potential upside of 24.69% from the company's current price.

Several other analysts also recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of DICK'S Sporting Goods from $220.00 to $225.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 26th. UBS Group reaffirmed a "buy" rating on shares of DICK'S Sporting Goods in a research note on Tuesday, March 3rd. Morgan Stanley lifted their price objective on shares of DICK'S Sporting Goods from $253.00 to $260.00 and gave the company an "overweight" rating in a report on Thursday, January 15th. The Goldman Sachs Group restated a "buy" rating on shares of DICK'S Sporting Goods in a report on Monday, January 5th. Finally, Robert W. Baird set a $253.00 price target on shares of DICK'S Sporting Goods in a research report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $238.37.

DICK'S Sporting Goods Trading Down 0.4%

Shares of DKS traded down $0.76 during trading hours on Monday, hitting $196.49. 1,229,821 shares of the stock were exchanged, compared to its average volume of 1,127,970. The business has a 50-day moving average of $206.39 and a 200-day moving average of $215.13. DICK'S Sporting Goods has a fifty-two week low of $166.37 and a fifty-two week high of $237.31. The firm has a market capitalization of $17.68 billion, a P/E ratio of 15.79, a price-to-earnings-growth ratio of 2.56 and a beta of 1.23. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 0.37.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Guggenheim Capital LLC boosted its stake in DICK'S Sporting Goods by 0.4% in the second quarter. Guggenheim Capital LLC now owns 11,829 shares of the sporting goods retailer's stock valued at $2,340,000 after acquiring an additional 46 shares during the last quarter. Clearstead Advisors LLC increased its stake in shares of DICK'S Sporting Goods by 46.9% during the 3rd quarter. Clearstead Advisors LLC now owns 144 shares of the sporting goods retailer's stock worth $32,000 after purchasing an additional 46 shares during the last quarter. Jacobi Capital Management LLC increased its stake in shares of DICK'S Sporting Goods by 4.5% during the 4th quarter. Jacobi Capital Management LLC now owns 1,189 shares of the sporting goods retailer's stock worth $235,000 after purchasing an additional 51 shares during the last quarter. Lido Advisors LLC increased its position in DICK'S Sporting Goods by 3.9% in the third quarter. Lido Advisors LLC now owns 1,358 shares of the sporting goods retailer's stock worth $302,000 after buying an additional 51 shares during the last quarter. Finally, Bath Savings Trust Co lifted its position in shares of DICK'S Sporting Goods by 0.4% during the 4th quarter. Bath Savings Trust Co now owns 12,366 shares of the sporting goods retailer's stock valued at $2,448,000 after buying an additional 53 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods Company Profile

DICK'S Sporting Goods is a leading U.S.-based sporting goods retailer that sells a broad range of sports equipment, apparel, footwear and outdoor gear. The company operates an omnichannel business combining physical stores with digital sales, offering products for team sports, fitness, hunting and fishing, golf, and general active lifestyle categories. In addition to its flagship DICK'S stores, the company operates specialty formats such as Golf Galaxy and branded service offerings including team-sports sales and custom equipment solutions.

The company traces its roots to a single sporting goods outlet founded in 1948 and has since grown into a national retail chain serving customers across the United States.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.