Truist Financial Begins Coverage on DICK’S Sporting Goods (NYSE:DKS)

Truist Financial initiated coverage on shares of DICK’S Sporting Goods (NYSE:DKS) in a research note published on Friday, Marketbeat.com reports. The firm issued a buy rating and a $134.00 price target on the sporting goods retailer’s stock.

DKS has been the subject of several other reports. Loop Capital dropped their target price on shares of DICK’S Sporting Goods from $135.00 to $115.00 and set a hold rating for the company in a report on Wednesday, August 23rd. UBS Group decreased their target price on shares of DICK’S Sporting Goods from $160.00 to $130.00 and set a neutral rating on the stock in a research report on Wednesday, August 23rd. Wells Fargo & Company reduced their price target on shares of DICK’S Sporting Goods from $140.00 to $115.00 and set an equal weight rating on the stock in a research report on Wednesday, August 23rd. Oppenheimer reduced their price target on shares of DICK’S Sporting Goods from $175.00 to $145.00 and set an outperform rating on the stock in a research report on Wednesday, August 23rd. Finally, Stephens reiterated an equal weight rating and set a $141.00 price objective on shares of DICK’S Sporting Goods in a research note on Tuesday, August 22nd. Thirteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, DICK’S Sporting Goods has an average rating of Hold and an average target price of $142.58.

DICK’S Sporting Goods Stock Up 0.8 %

Shares of DICK’S Sporting Goods stock opened at $118.99 on Friday. The firm has a fifty day moving average of $109.50 and a two-hundred day moving average of $124.08. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.78 and a current ratio of 1.81. The company has a market cap of $10.12 billion, a P/E ratio of 10.56, a PEG ratio of 1.98 and a beta of 1.49. DICK’S Sporting Goods has a one year low of $100.98 and a one year high of $152.61.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Tuesday, August 22nd. The sporting goods retailer reported $2.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.76 by ($0.94). DICK’S Sporting Goods had a net margin of 8.03% and a return on equity of 40.52%. The company had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $3.24 billion. During the same quarter in the prior year, the business earned $3.68 EPS. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, analysts forecast that DICK’S Sporting Goods will post 11.8 earnings per share for the current year.

Insider Activity

In other news, Director Sandeep Mathrani purchased 1,300 shares of DICK’S Sporting Goods stock in a transaction dated Thursday, August 24th. The stock was bought at an average price of $113.54 per share, with a total value of $147,602.00. Following the completion of the acquisition, the director now owns 6,647 shares in the company, valued at approximately $754,700.38. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Sandeep Mathrani acquired 1,300 shares of DICK’S Sporting Goods stock in a transaction that occurred on Thursday, August 24th. The stock was acquired at an average price of $113.54 per share, with a total value of $147,602.00. Following the completion of the acquisition, the director now directly owns 6,647 shares of the company’s stock, valued at approximately $754,700.38. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director William J. Colombo acquired 2,200 shares of DICK’S Sporting Goods stock in a transaction that occurred on Thursday, September 7th. The stock was bought at an average cost of $110.00 per share, with a total value of $242,000.00. Following the acquisition, the director now directly owns 170,192 shares of the company’s stock, valued at $18,721,120. The disclosure for this purchase can be found here. Corporate insiders own 30.79% of the company’s stock.

Institutional Investors Weigh In On DICK’S Sporting Goods

Hedge funds and other institutional investors have recently bought and sold shares of the business. Oder Investment Management LLC raised its holdings in DICK’S Sporting Goods by 1.3% during the 2nd quarter. Oder Investment Management LLC now owns 5,428 shares of the sporting goods retailer’s stock worth $718,000 after buying an additional 69 shares during the period. Smithfield Trust Co grew its stake in shares of DICK’S Sporting Goods by 10.7% in the 2nd quarter. Smithfield Trust Co now owns 756 shares of the sporting goods retailer’s stock valued at $101,000 after buying an additional 73 shares in the last quarter. Atlas Capital Advisors LLC grew its stake in shares of DICK’S Sporting Goods by 4.8% in the 1st quarter. Atlas Capital Advisors LLC now owns 1,733 shares of the sporting goods retailer’s stock valued at $246,000 after buying an additional 79 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in DICK’S Sporting Goods by 0.5% during the second quarter. Thrivent Financial for Lutherans now owns 15,871 shares of the sporting goods retailer’s stock worth $2,098,000 after purchasing an additional 79 shares during the period. Finally, Treasurer of the State of North Carolina boosted its position in DICK’S Sporting Goods by 0.3% during the first quarter. Treasurer of the State of North Carolina now owns 29,343 shares of the sporting goods retailer’s stock worth $4,163,000 after purchasing an additional 82 shares during the period. 68.21% of the stock is currently owned by institutional investors.

DICK’S Sporting Goods Company Profile

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.