DICK'S Sporting Goods (NYSE:DKS) Stock Rating Upgraded by Gordon Haskett

Key Points

• DICK'S Sporting Goods has been upgraded from a "reduce" to a "hold" rating by Gordon Haskett, indicating a more favorable view from analysts.
• The stock is currently trading at $214.51 with a 52-week range of $166.37 to $254.60, reflecting its market performance.
• The company's recent earnings report revealed $3.37 earnings per share, in line with analysts' expectations, and revenue of $3.16 billion, surpassing consensus estimates.
• Over 89% of DICK'S Sporting Goods shares are owned by institutional investors and hedge funds, highlighting strong institutional interest in the stock.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) was upgraded by research analysts at Gordon Haskett from a "reduce" rating to a "hold" rating in a report issued on Friday,Finviz reports.

Other equities analysts have also recently issued reports about the company. Truist Financial set a $230.00 target price on DICK'S Sporting Goods in a report on Wednesday, May 28th. TD Cowen cut DICK'S Sporting Goods from a "buy" rating to a "hold" rating and set a $216.00 price objective for the company. in a research note on Thursday, May 15th. Citigroup reiterated a "neutral" rating on shares of DICK'S Sporting Goods in a research note on Thursday, May 29th. Telsey Advisory Group reissued an "outperform" rating and set a $220.00 target price on shares of DICK'S Sporting Goods in a research report on Wednesday, May 28th. Finally, DA Davidson reaffirmed a "buy" rating and set a $230.00 price target on shares of DICK'S Sporting Goods in a research report on Friday, June 27th. Eleven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $219.56.

DICK'S Sporting Goods Stock Up 1.2%

Shares of DKS opened at $214.51 on Friday. DICK'S Sporting Goods has a 52-week low of $166.37 and a 52-week high of $254.60. The company has a market capitalization of $17.17 billion, a PE ratio of 15.34, a price-to-earnings-growth ratio of 3.09 and a beta of 1.07. The stock has a fifty day simple moving average of $190.55 and a two-hundred day simple moving average of $203.92. The company has a quick ratio of 0.47, a current ratio of 1.62 and a debt-to-equity ratio of 0.49.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $3.37. The business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.12 billion. DICK'S Sporting Goods had a return on equity of 38.06% and a net margin of 8.49%. As a group, equities analysts forecast that DICK'S Sporting Goods will post 13.89 EPS for the current year.

Insider Transactions at DICK'S Sporting Goods

In other news, Director Robert W. Eddy acquired 1,357 shares of the business's stock in a transaction on Wednesday, June 25th. The shares were purchased at an average price of $185.31 per share, for a total transaction of $251,465.67. Following the completion of the purchase, the director directly owned 4,768 shares of the company's stock, valued at $883,558.08. This represents a 39.78% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Elizabeth H. Baran sold 1,830 shares of the company's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $204.65, for a total value of $374,509.50. Following the sale, the senior vice president owned 12,465 shares in the company, valued at $2,550,962.25. The trade was a 12.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,866 shares of company stock valued at $11,462,773 in the last three months. 32.55% of the stock is currently owned by company insiders.

Institutional Trading of DICK'S Sporting Goods

Several institutional investors and hedge funds have recently bought and sold shares of the company. Fifth Third Wealth Advisors LLC raised its position in shares of DICK'S Sporting Goods by 7.5% during the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 2,225 shares of the sporting goods retailer's stock worth $440,000 after purchasing an additional 156 shares during the period. Commerzbank Aktiengesellschaft FI increased its position in DICK'S Sporting Goods by 58.1% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 6,213 shares of the sporting goods retailer's stock valued at $1,229,000 after acquiring an additional 2,283 shares during the period. Callan Family Office LLC increased its position in DICK'S Sporting Goods by 34.8% in the 2nd quarter. Callan Family Office LLC now owns 2,953 shares of the sporting goods retailer's stock valued at $584,000 after acquiring an additional 763 shares during the period. Vontobel Holding Ltd. increased its position in DICK'S Sporting Goods by 2.0% in the 2nd quarter. Vontobel Holding Ltd. now owns 2,971 shares of the sporting goods retailer's stock valued at $588,000 after acquiring an additional 58 shares during the period. Finally, Optas LLC bought a new position in DICK'S Sporting Goods during the 2nd quarter valued at $228,000. Institutional investors and hedge funds own 89.83% of the company's stock.

DICK'S Sporting Goods Company Profile

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.

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