UBS Group Increases DICK’S Sporting Goods (NYSE:DKS) Price Target to $220.00

DICK’S Sporting Goods (NYSE:DKSGet Free Report) had its target price increased by analysts at UBS Group from $215.00 to $220.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the sporting goods retailer’s stock. UBS Group’s price target points to a potential downside of 1.52% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Oppenheimer boosted their price objective on DICK’S Sporting Goods from $240.00 to $270.00 and gave the stock an “outperform” rating in a research note on Thursday. Stifel Nicolaus upped their price target on DICK’S Sporting Goods from $215.00 to $232.00 and gave the company a “hold” rating in a research note on Thursday. Jefferies Financial Group started coverage on DICK’S Sporting Goods in a report on Friday, April 12th. They issued a “hold” rating and a $211.00 price target for the company. Loop Capital increased their price target on DICK’S Sporting Goods from $150.00 to $220.00 and gave the stock a “hold” rating in a report on Monday, March 18th. Finally, Wedbush increased their price objective on DICK’S Sporting Goods from $210.00 to $230.00 and gave the stock a “neutral” rating in a report on Thursday. Eleven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $224.77.

View Our Latest Stock Analysis on DKS

DICK’S Sporting Goods Price Performance

Shares of DICK’S Sporting Goods stock traded down $2.63 during midday trading on Thursday, hitting $223.40. 907,448 shares of the company were exchanged, compared to its average volume of 1,153,330. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.78 and a quick ratio of 0.74. The firm has a market cap of $18.42 billion, a P/E ratio of 18.34, a PEG ratio of 2.39 and a beta of 1.61. DICK’S Sporting Goods has a 52 week low of $100.98 and a 52 week high of $229.56. The firm has a 50 day simple moving average of $204.15 and a 200-day simple moving average of $170.86.

DICK’S Sporting Goods (NYSE:DKSGet Free Report) last issued its quarterly earnings data on Wednesday, May 29th. The sporting goods retailer reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.94 by $0.36. The firm had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.94 billion. DICK’S Sporting Goods had a return on equity of 42.99% and a net margin of 8.06%. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.40 EPS. Research analysts forecast that DICK’S Sporting Goods will post 13.26 earnings per share for the current year.

Insider Activity at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, Chairman Edward W. Stack sold 151,210 shares of DICK’S Sporting Goods stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $220.93, for a total transaction of $33,406,825.30. Following the transaction, the chairman now directly owns 10,899,110 shares of the company’s stock, valued at approximately $2,407,940,372.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Chairman Edward W. Stack sold 151,210 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $220.93, for a total value of $33,406,825.30. Following the transaction, the chairman now directly owns 10,899,110 shares of the company’s stock, valued at approximately $2,407,940,372.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Elizabeth H. Baran sold 2,175 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $221.78, for a total value of $482,371.50. Following the completion of the transaction, the senior vice president now directly owns 11,051 shares in the company, valued at $2,450,890.78. The disclosure for this sale can be found here. Insiders have sold a total of 209,763 shares of company stock valued at $46,483,438 in the last 90 days. 32.03% of the stock is owned by corporate insiders.

Institutional Trading of DICK’S Sporting Goods

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DKS. Vanguard Group Inc. increased its holdings in DICK’S Sporting Goods by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 5,380,645 shares of the sporting goods retailer’s stock worth $1,209,892,000 after purchasing an additional 166,687 shares in the last quarter. Victory Capital Management Inc. increased its holdings in DICK’S Sporting Goods by 4.2% during the 4th quarter. Victory Capital Management Inc. now owns 2,334,018 shares of the sporting goods retailer’s stock worth $342,984,000 after purchasing an additional 94,745 shares in the last quarter. Pacer Advisors Inc. increased its holdings in DICK’S Sporting Goods by 4.5% during the 4th quarter. Pacer Advisors Inc. now owns 817,300 shares of the sporting goods retailer’s stock worth $120,102,000 after purchasing an additional 34,942 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of DICK’S Sporting Goods by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 807,203 shares of the sporting goods retailer’s stock valued at $118,621,000 after acquiring an additional 10,091 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in DICK’S Sporting Goods by 145.0% during the third quarter. AQR Capital Management LLC now owns 789,482 shares of the sporting goods retailer’s stock worth $85,722,000 after acquiring an additional 467,243 shares during the period. 89.83% of the stock is owned by institutional investors.

About DICK’S Sporting Goods

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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.

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