DICK’S Sporting Goods, Inc. (NYSE:DKS) Receives Average Rating of “Moderate Buy” from Analysts

DICK’S Sporting Goods, Inc. (NYSE:DKS) has received an average rating of “Moderate Buy” from the twenty-two ratings firms that are covering the stock, MarketBeat reports. Eight investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $248.09.

A number of brokerages recently weighed in on DKS. Loop Capital boosted their price target on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a research report on Wednesday, November 27th. Truist Financial upped their target price on shares of DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $260.00 target price on shares of DICK’S Sporting Goods in a report on Tuesday, November 26th. UBS Group raised shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and upped their target price for the company from $225.00 to $260.00 in a report on Wednesday, November 27th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $215.00 target price (down from $250.00) on shares of DICK’S Sporting Goods in a report on Wednesday, November 27th.

Insiders Place Their Bets

In other news, EVP Julie Lodge-Jarrett sold 5,000 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $227.99, for a total value of $1,139,950.00. Following the sale, the executive vice president now directly owns 16,504 shares in the company, valued at $3,762,746.96. This represents a 23.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Edward W. Stack sold 160,600 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $229.25, for a total transaction of $36,817,550.00. Following the completion of the sale, the chairman now owns 8,362,128 shares in the company, valued at $1,917,017,844. This represents a 1.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 172,933 shares of company stock worth $39,655,456. 32.03% of the stock is owned by company insiders.

Hedge Funds Weigh In On DICK’S Sporting Goods

Several institutional investors and hedge funds have recently modified their holdings of the company. Wealthfront Advisers LLC purchased a new position in shares of DICK’S Sporting Goods during the fourth quarter valued at approximately $1,893,210,000. State Street Corp raised its stake in DICK’S Sporting Goods by 1.2% during the third quarter. State Street Corp now owns 2,259,133 shares of the sporting goods retailer’s stock worth $473,945,000 after purchasing an additional 27,155 shares during the period. Charles Schwab Investment Management Inc. raised its stake in DICK’S Sporting Goods by 4.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,866,177 shares of the sporting goods retailer’s stock worth $427,056,000 after purchasing an additional 77,357 shares during the period. Geode Capital Management LLC raised its stake in shares of DICK’S Sporting Goods by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 1,057,793 shares of the sporting goods retailer’s stock valued at $241,660,000 after acquiring an additional 15,011 shares during the period. Finally, Norges Bank purchased a new position in shares of DICK’S Sporting Goods in the 4th quarter valued at $221,693,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Price Performance

Shares of DKS opened at $211.78 on Wednesday. DICK’S Sporting Goods has a 1-year low of $178.21 and a 1-year high of $254.60. The stock has a market cap of $17.25 billion, a PE ratio of 15.14, a price-to-earnings-growth ratio of 2.47 and a beta of 1.57. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. The firm has a fifty day moving average price of $232.73 and a 200 day moving average price of $219.67.

DICK’S Sporting Goods Company Profile

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.