DICK’S Sporting Goods’ (DKS) Outperform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reaffirmed their outperform rating on shares of DICK’S Sporting Goods (NYSE:DKS) in a research report report published on Friday,Benzinga reports. Telsey Advisory Group currently has a $260.00 price target on the sporting goods retailer’s stock.

Several other research firms have also commented on DKS. Morgan Stanley raised their price objective on shares of DICK’S Sporting Goods from $245.00 to $255.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Wedbush reissued a “neutral” rating and issued a $215.00 price objective on shares of DICK’S Sporting Goods in a research note on Thursday. Truist Financial raised 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. Argus raised their target price on shares of DICK’S Sporting Goods from $255.00 to $280.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Finally, Loop Capital raised their target price on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a report on Wednesday, November 27th. Eight investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $248.09.

DICK’S Sporting Goods Trading Down 0.1 %

Shares of DKS stock opened at $214.48 on Friday. The company has a 50-day moving average of $231.77 and a two-hundred day moving average of $219.39. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. DICK’S Sporting Goods has a 1-year low of $178.21 and a 1-year high of $254.60. The firm has a market cap of $17.47 billion, a PE ratio of 15.33, a price-to-earnings-growth ratio of 2.47 and a beta of 1.53.

Insider Activity at DICK’S Sporting Goods

In related news, EVP Julie Lodge-Jarrett sold 5,000 shares of DICK’S Sporting Goods stock in a transaction 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 transaction, the executive vice president now directly owns 16,504 shares in the company, valued at $3,762,746.96. This trade represents a 23.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lawrence J. Schorr sold 7,333 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $231.55, for a total transaction of $1,697,956.15. Following the sale, the director now owns 50,997 shares in the company, valued at $11,808,355.35. The trade was a 12.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 172,933 shares of company stock worth $39,655,456 in the last three months. Insiders own 32.03% of the company’s stock.

Institutional Investors Weigh In On DICK’S Sporting Goods

Several institutional investors have recently made changes to their positions in DKS. US Bancorp DE raised its stake in shares of DICK’S Sporting Goods by 3.4% during the 3rd quarter. US Bancorp DE now owns 4,879 shares of the sporting goods retailer’s stock worth $1,018,000 after buying an additional 162 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of DICK’S Sporting Goods by 7.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 16,977 shares of the sporting goods retailer’s stock worth $3,543,000 after buying an additional 1,230 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of DICK’S Sporting Goods by 10.2% during the 3rd quarter. Van ECK Associates Corp now owns 11,928 shares of the sporting goods retailer’s stock worth $2,454,000 after buying an additional 1,105 shares during the last quarter. National Pension Service acquired a new position in shares of DICK’S Sporting Goods during the 3rd quarter worth $4,195,000. Finally, Asset Management One Co. Ltd. raised its stake in shares of DICK’S Sporting Goods by 10.9% during the 3rd quarter. Asset Management One Co. Ltd. now owns 26,861 shares of the sporting goods retailer’s stock worth $5,606,000 after buying an additional 2,630 shares during the last quarter. 89.83% of the stock is currently owned by hedge funds and other 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.