Wells Fargo & Company Boosts DICK’S Sporting Goods (NYSE:DKS) Price Target to $175.00

DICK’S Sporting Goods (NYSE:DKSFree Report) had its price objective upped by Wells Fargo & Company from $125.00 to $175.00 in a research note published on Wednesday, Benzinga reports. They currently have an equal weight rating on the sporting goods retailer’s stock.

A number of other research firms have also commented on DKS. Citigroup boosted their price target on shares of DICK’S Sporting Goods from $112.00 to $120.00 and gave the company a neutral rating in a research report on Wednesday, November 22nd. Truist Financial upped their target price on shares of DICK’S Sporting Goods from $174.00 to $201.00 and gave the stock a buy rating in a research report on Tuesday. Morgan Stanley upped their target price on shares of DICK’S Sporting Goods from $145.00 to $150.00 and gave the stock an overweight rating in a research report on Wednesday, November 22nd. Wedbush upped their target price on shares of DICK’S Sporting Goods from $115.00 to $130.00 and gave the stock a neutral rating in a research report on Wednesday, November 22nd. Finally, Telsey Advisory Group reiterated an outperform rating and issued a $145.00 target price (up from $140.00) on shares of DICK’S Sporting Goods in a research report on Friday, November 17th. Twelve equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, DICK’S Sporting Goods currently has an average rating of Hold and a consensus target price of $140.71.

Check Out Our Latest Research Report on DKS

DICK’S Sporting Goods Stock Down 0.6 %

DKS opened at $181.11 on Wednesday. The company has a fifty day moving average price of $158.38 and a 200-day moving average price of $132.50. The firm has a market capitalization of $14.80 billion, a P/E ratio of 16.16, a price-to-earnings-growth ratio of 2.69 and a beta of 1.55. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.65 and a quick ratio of 0.56. DICK’S Sporting Goods has a one year low of $100.98 and a one year high of $190.12.

Insider Activity

In other news, Director Lawrence J. Schorr sold 3,174 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $143.12, for a total transaction of $454,262.88. Following the completion of the transaction, the director now directly owns 57,518 shares of the company’s stock, valued at $8,231,976.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 30.79% of the company’s stock.

Hedge Funds Weigh In On DICK’S Sporting Goods

Hedge funds and other institutional investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its position in shares of DICK’S Sporting Goods by 1.7% during the second quarter. Charles Schwab Investment Management Inc. now owns 567,419 shares of the sporting goods retailer’s stock valued at $75,007,000 after buying an additional 9,728 shares during the period. BlackRock Inc. increased its position in shares of DICK’S Sporting Goods by 8.3% during the second quarter. BlackRock Inc. now owns 6,478,747 shares of the sporting goods retailer’s stock valued at $856,426,000 after buying an additional 494,939 shares during the period. Amalgamated Bank increased its position in shares of DICK’S Sporting Goods by 20.2% during the third quarter. Amalgamated Bank now owns 47,899 shares of the sporting goods retailer’s stock valued at $5,201,000 after buying an additional 8,061 shares during the period. Fulton Bank N.A. increased its position in shares of DICK’S Sporting Goods by 12.4% during the third quarter. Fulton Bank N.A. now owns 16,916 shares of the sporting goods retailer’s stock valued at $1,837,000 after buying an additional 1,869 shares during the period. Finally, HS Management Partners LLC grew its holdings in DICK’S Sporting Goods by 24.8% in the third quarter. HS Management Partners LLC now owns 1,115,268 shares of the sporting goods retailer’s stock worth $121,096,000 after purchasing an additional 221,300 shares during the period. Hedge funds and other institutional investors own 68.21% of the company’s stock.

DICK’S Sporting Goods Company Profile

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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.

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