Wells Fargo & Company Boosts DICK'S Sporting Goods (NYSE:DKS) Price Target to $220.00

Key Points

• Wells Fargo & Company raised its price target for DICK'S Sporting Goods from $215.00 to $220.00, indicating a potential upside of 5.10% from the stock's previous close.
• Despite a mixed range of analyst ratings, DICK'S Sporting Goods currently holds a consensus rating of "Hold" with an average target price of $226.17.
• Insider selling activity is notable, with EVP Navdeep Gupta and CEO Lauren R. Hobart selling a combined total of 53,500 shares recently, indicating a decrease in their ownership stakes.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) had its price target raised by analysts at Wells Fargo & Company from $215.00 to $220.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an "equal weight" rating on the sporting goods retailer's stock. Wells Fargo & Company's price objective points to a potential upside of 3.65% from the company's current price.

A number of other analysts have also commented on the stock. Gordon Haskett upgraded shares of DICK'S Sporting Goods from a "reduce" rating to a "hold" rating in a research note on Friday, July 25th. DA Davidson restated a "buy" rating and set a $230.00 price target on shares of DICK'S Sporting Goods in a research note on Friday, June 27th. Telsey Advisory Group restated an "outperform" rating and set a $255.00 price target on shares of DICK'S Sporting Goods in a research note on Thursday. Citigroup restated a "neutral" rating on shares of DICK'S Sporting Goods in a research note on Thursday, May 29th. Finally, Cowen reiterated a "hold" rating on shares of DICK'S Sporting Goods in a report on Monday, August 18th. Ten investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, DICK'S Sporting Goods has an average rating of "Hold" and a consensus price target of $233.21.

DICK'S Sporting Goods Stock Down 1.3%

Shares of DICK'S Sporting Goods stock traded down $2.83 during trading on Friday, reaching $212.25. 4,116,067 shares of the company traded hands, compared to its average volume of 1,825,099. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.70 and a quick ratio of 0.55. DICK'S Sporting Goods has a 1-year low of $166.37 and a 1-year high of $254.60. The company has a 50 day moving average price of $211.90 and a 200-day moving average price of $200.18. The firm has a market capitalization of $16.99 billion, a PE ratio of 15.07, a P/E/G ratio of 3.11 and a beta of 1.02.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its earnings results on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.30 by $0.08. DICK'S Sporting Goods had a net margin of 8.52% and a return on equity of 36.54%. The company had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter in the previous year, the company earned $4.37 EPS. DICK'S Sporting Goods's quarterly revenue was up 5.0% compared to the same quarter last year. DICK'S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. As a group, equities research analysts expect that DICK'S Sporting Goods will post 13.89 earnings per share for the current fiscal year.

Insider Buying and Selling

In other DICK'S Sporting Goods news, EVP Navdeep Gupta sold 13,334 shares of DICK'S Sporting Goods stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $225.00, for a total transaction of $3,000,150.00. Following the completion of the sale, the executive vice president directly owned 74,444 shares in the company, valued at $16,749,900. The trade was a 15.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Julie Lodge-Jarrett sold 3,541 shares of DICK'S Sporting Goods stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $187.00, for a total transaction of $662,167.00. Following the sale, the executive vice president owned 19,165 shares of the company's stock, valued at approximately $3,583,855. The trade was a 15.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 69,200 shares of company stock valued at $14,462,923 in the last three months. Insiders own 32.55% of the company's stock.

Institutional Investors Weigh In On DICK'S Sporting Goods

Several hedge funds have recently bought and sold shares of DKS. Wellington Management Group LLP lifted its position in DICK'S Sporting Goods by 416.9% during the first quarter. Wellington Management Group LLP now owns 2,829,780 shares of the sporting goods retailer's stock valued at $570,370,000 after purchasing an additional 2,282,300 shares during the last quarter. Atreides Management LP bought a new stake in shares of DICK'S Sporting Goods in the 2nd quarter worth approximately $172,715,000. Norges Bank bought a new stake in shares of DICK'S Sporting Goods in the 2nd quarter worth approximately $136,483,000. Westfield Capital Management Co. LP lifted its holdings in shares of DICK'S Sporting Goods by 1,899.2% in the 1st quarter. Westfield Capital Management Co. LP now owns 630,566 shares of the sporting goods retailer's stock worth $127,097,000 after acquiring an additional 599,025 shares during the last quarter. Finally, Browning West LP bought a new stake in shares of DICK'S Sporting Goods in the 2nd quarter worth approximately $115,719,000. 89.83% of the stock is currently owned by 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.