DICK'S Sporting Goods (NYSE:DKS) had its price target upped by stock analysts at The Goldman Sachs Group from $76.00 to $91.00 in a report issued on Tuesday, The Fly reports. The firm presently has a "buy" rating on the sporting goods retailer's stock. The Goldman Sachs Group's target price would indicate a potential upside of 5.84% from the company's current price.
A number of other brokerages have also recently issued reports on DKS. Cowen increased their target price on shares of DICK'S Sporting Goods from $81.00 to $87.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 16th. Zacks Investment Research cut shares of DICK'S Sporting Goods from a "buy" rating to a "hold" rating and set a $76.00 target price for the company. in a research report on Thursday, March 11th. Royal Bank of Canada lowered their price objective on shares of DICK'S Sporting Goods from $78.00 to $74.00 in a research report on Wednesday, March 10th. Evercore ISI raised their price objective on shares of DICK'S Sporting Goods from $75.00 to $100.00 and gave the company an "outperform" rating in a research report on Wednesday, March 10th. Finally, Citigroup upgraded shares of DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and raised their price objective for the company from $66.00 to $90.00 in a research report on Wednesday, January 27th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the stock. DICK'S Sporting Goods presently has an average rating of "Hold" and an average target price of $71.30.
Shares of DICK'S Sporting Goods stock opened at $85.98 on Tuesday. The stock has a market capitalization of $7.68 billion, a P/E ratio of 21.18, a price-to-earnings-growth ratio of 1.84 and a beta of 1.62. The company has a quick ratio of 0.48, a current ratio of 1.40 and a debt-to-equity ratio of 0.19. The company has a 50-day simple moving average of $80.87 and a 200 day simple moving average of $67.43. DICK'S Sporting Goods has a 12-month low of $25.59 and a 12-month high of $86.60.
DICK'S Sporting Goods (NYSE:DKS) last announced its earnings results on Monday, March 8th. The sporting goods retailer reported $2.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.21 by $0.22. The business had revenue of $3.13 billion during the quarter, compared to analysts' expectations of $3.07 billion. DICK'S Sporting Goods had a net margin of 4.20% and a return on equity of 25.52%. The firm's revenue for the quarter was up 19.8% on a year-over-year basis. During the same quarter last year, the company posted $1.32 EPS. On average, equities analysts anticipate that DICK'S Sporting Goods will post 6.36 earnings per share for the current year.
In related news, Director William J. Colombo sold 15,080 shares of the business's stock in a transaction on Friday, March 12th. The shares were sold at an average price of $75.00, for a total transaction of $1,131,000.00. Following the transaction, the director now directly owns 255,585 shares in the company, valued at $19,168,875. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP John Edward Hayes III sold 11,671 shares of the business's stock in a transaction on Friday, March 12th. The stock was sold at an average price of $74.88, for a total transaction of $873,924.48. Following the transaction, the senior vice president now owns 44,562 shares in the company, valued at $3,336,802.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 58,343 shares of company stock worth $4,500,878. 30.57% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Treasurer of the State of North Carolina boosted its position in DICK'S Sporting Goods by 0.9% during the first quarter. Treasurer of the State of North Carolina now owns 22,868 shares of the sporting goods retailer's stock worth $1,741,000 after purchasing an additional 200 shares during the period. State of Michigan Retirement System boosted its position in DICK'S Sporting Goods by 1.3% during the fourth quarter. State of Michigan Retirement System now owns 23,997 shares of the sporting goods retailer's stock worth $1,349,000 after purchasing an additional 300 shares during the period. MorganRosel Wealth Management LLC boosted its position in DICK'S Sporting Goods by 3.0% during the first quarter. MorganRosel Wealth Management LLC now owns 11,750 shares of the sporting goods retailer's stock worth $895,000 after purchasing an additional 339 shares during the period. Great West Life Assurance Co. Can boosted its position in DICK'S Sporting Goods by 1.3% during the third quarter. Great West Life Assurance Co. Can now owns 31,648 shares of the sporting goods retailer's stock worth $1,832,000 after purchasing an additional 402 shares during the period. Finally, Ceredex Value Advisors LLC bought a new position in DICK'S Sporting Goods during the fourth quarter worth $28,000. Institutional investors and hedge funds own 76.48% of the company's stock.
About DICK'S Sporting Goods
DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the eastern United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.
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