DICK’S Sporting Goods (NYSE:DKS) Rating Reiterated by Telsey Advisory Group

DICK’S Sporting Goods (NYSE:DKS)‘s stock had its “outperform” rating reissued by equities research analysts at Telsey Advisory Group in a report released on Thursday, Benzinga reports. They currently have a $245.00 price target on the sporting goods retailer’s stock. Telsey Advisory Group’s price objective would indicate a potential upside of 33.32% from the company’s current price.

DKS has been the topic of a number of other reports. Williams Trading raised shares of DICK’S Sporting Goods from a “hold” rating to a “buy” rating and increased their price objective for the stock from $154.00 to $235.00 in a research report on Thursday, March 14th. Robert W. Baird increased their price objective on shares of DICK’S Sporting Goods from $145.00 to $185.00 and gave the stock a “neutral” rating in a research report on Thursday, March 14th. Jefferies Financial Group started coverage on shares of DICK’S Sporting Goods in a research report on Friday, April 12th. They issued a “hold” rating and a $211.00 price objective on the stock. Gordon Haskett increased their price objective on shares of DICK’S Sporting Goods from $190.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Finally, Morgan Stanley raised their target price on shares of DICK’S Sporting Goods from $160.00 to $235.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. Twelve research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $210.45.

DICK’S Sporting Goods Stock Down 2.5 %

DKS opened at $183.77 on Thursday. The firm has a 50-day simple moving average of $205.92 and a two-hundred day simple moving average of $167.92. DICK’S Sporting Goods has a 52 week low of $100.98 and a 52 week high of $225.79. The company has a market capitalization of $15.15 billion, a PE ratio of 15.09, a price-to-earnings-growth ratio of 2.30 and a beta of 1.61. The company has a quick ratio of 0.74, a current ratio of 1.78 and a debt-to-equity ratio of 0.57.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Thursday, March 14th. The sporting goods retailer reported $3.85 EPS for the quarter, beating analysts’ consensus estimates of $3.35 by $0.50. DICK’S Sporting Goods had a net margin of 8.06% and a return on equity of 42.99%. The firm had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter last year, the firm earned $2.93 EPS. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. Analysts forecast that DICK’S Sporting Goods will post 13.27 earnings per share for the current fiscal year.

Insider Buying and Selling at DICK’S Sporting Goods

In related news, major shareholder William Colombo Trustee U/A Dt acquired 40,000 shares of the stock in a transaction dated Friday, March 15th. The stock was acquired at an average cost of $213.93 per share, for a total transaction of $8,557,200.00. Following the completion of the purchase, the insider now owns 8,818,615 shares of the company’s stock, valued at approximately $1,886,566,306.95. The purchase was disclosed in a document filed with the SEC, which is available through this link. In related news, CEO Lauren R. Hobart sold 40,167 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $223.95, for a total transaction of $8,995,399.65. Following the completion of the transaction, the chief executive officer now owns 280,136 shares of the company’s stock, valued at $62,736,457.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder William Colombo Trustee U/A Dt bought 40,000 shares of DICK’S Sporting Goods stock in a transaction that occurred on Friday, March 15th. The shares were acquired at an average cost of $213.93 per share, with a total value of $8,557,200.00. Following the acquisition, the insider now owns 8,818,615 shares of the company’s stock, valued at $1,886,566,306.95. The disclosure for this purchase can be found here. Insiders sold a total of 209,763 shares of company stock worth $46,483,438 over the last three months. Corporate insiders own 32.03% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Covestor Ltd increased its stake in shares of DICK’S Sporting Goods by 70.5% during the first quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer’s stock worth $30,000 after purchasing an additional 55 shares in the last quarter. US Bancorp DE increased its stake in shares of DICK’S Sporting Goods by 1.5% during the fourth quarter. US Bancorp DE now owns 4,901 shares of the sporting goods retailer’s stock worth $720,000 after purchasing an additional 71 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of DICK’S Sporting Goods by 0.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 13,370 shares of the sporting goods retailer’s stock worth $1,965,000 after purchasing an additional 87 shares in the last quarter. Kovitz Investment Group Partners LLC increased its stake in shares of DICK’S Sporting Goods by 0.3% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 28,218 shares of the sporting goods retailer’s stock worth $4,147,000 after purchasing an additional 94 shares in the last quarter. Finally, Lakewood Asset Management LLC boosted its position in DICK’S Sporting Goods by 1.2% during the first quarter. Lakewood Asset Management LLC now owns 8,492 shares of the sporting goods retailer’s stock worth $1,910,000 after acquiring an additional 97 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

About DICK’S Sporting Goods

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