DICK’S Sporting Goods (NYSE:DKS) Rating Reiterated by Robert W. Baird

DICK’S Sporting Goods (NYSE:DKS)‘s stock had its “neutral” rating reissued by equities research analysts at Robert W. Baird in a note issued to investors on Wednesday, Benzinga reports. They presently have a $235.00 price target on the sporting goods retailer’s stock. Robert W. Baird’s target price indicates a potential downside of 0.05% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. TD Cowen boosted their price target on shares of DICK’S Sporting Goods from $224.00 to $266.00 and gave the stock a “buy” rating in a report on Thursday, May 30th. JPMorgan Chase & Co. boosted their price target on shares of DICK’S Sporting Goods from $197.00 to $211.00 and gave the stock a “neutral” rating in a report on Thursday, May 30th. Wedbush restated a “neutral” rating and issued a $230.00 target price on shares of DICK’S Sporting Goods in a report on Wednesday, June 5th. Stifel Nicolaus upped their target price on shares of DICK’S Sporting Goods from $215.00 to $232.00 and gave the company a “hold” rating in a report on Thursday, May 30th. Finally, Evercore ISI upped their target price on shares of DICK’S Sporting Goods from $240.00 to $280.00 and gave the company an “outperform” rating in a report on Thursday, May 30th. Ten analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $241.76.

DICK’S Sporting Goods Price Performance

Shares of DKS opened at $235.12 on Wednesday. The company has a quick ratio of 0.65, a current ratio of 1.71 and a debt-to-equity ratio of 0.55. DICK’S Sporting Goods has a fifty-two week low of $100.98 and a fifty-two week high of $239.30. The company has a market cap of $19.16 billion, a P/E ratio of 19.46, a PEG ratio of 2.26 and a beta of 1.65. The firm’s 50 day moving average price is $214.19 and its 200 day moving average price is $205.32.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Wednesday, May 29th. The sporting goods retailer reported $3.30 EPS for the quarter, topping the consensus estimate of $2.94 by $0.36. DICK’S Sporting Goods had a net margin of 7.73% and a return on equity of 41.80%. The company had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the previous year, the business posted $3.40 EPS. The firm’s revenue was up 6.2% on a year-over-year basis. On average, research analysts forecast that DICK’S Sporting Goods will post 13.76 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, Director Desiree Ralls-Morrison sold 3,489 shares of the firm’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $206.65, for a total transaction of $721,001.85. Following the sale, the director now directly owns 5,609 shares of the company’s stock, valued at approximately $1,159,099.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 32.03% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On DICK’S Sporting Goods

Several hedge funds have recently modified their holdings of the company. Norges Bank acquired a new stake in shares of DICK’S Sporting Goods in the fourth quarter worth approximately $108,908,000. Renaissance Technologies LLC raised its holdings in DICK’S Sporting Goods by 51.4% in the second quarter. Renaissance Technologies LLC now owns 1,106,341 shares of the sporting goods retailer’s stock valued at $237,697,000 after buying an additional 375,600 shares during the period. Vanguard Group Inc. raised its holdings in DICK’S Sporting Goods by 3.2% in the first quarter. Vanguard Group Inc. now owns 5,380,645 shares of the sporting goods retailer’s stock valued at $1,209,892,000 after buying an additional 166,687 shares during the period. Los Angeles Capital Management LLC raised its stake in shares of DICK’S Sporting Goods by 5,379.0% during the first quarter. Los Angeles Capital Management LLC now owns 167,768 shares of the sporting goods retailer’s stock valued at $37,724,000 after purchasing an additional 164,706 shares during the period. Finally, AQR Capital Management LLC raised its stake in shares of DICK’S Sporting Goods by 40.2% during the second quarter. AQR Capital Management LLC now owns 545,045 shares of the sporting goods retailer’s stock valued at $117,103,000 after purchasing an additional 156,227 shares during the period. 89.83% of the stock is owned by institutional investors and hedge funds.

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.