Robert W. Baird Raises DICK’S Sporting Goods (NYSE:DKS) Price Target to $120.00

DICK’S Sporting Goods (NYSE:DKSGet Rating) had its target price increased by Robert W. Baird from $115.00 to $120.00 in a research report report published on Tuesday morning, The Fly reports.

A number of other analysts also recently commented on the company. StockNews.com started coverage on DICK’S Sporting Goods in a research note on Wednesday, October 12th. They issued a hold rating on the stock. Cowen upped their target price on DICK’S Sporting Goods from $126.00 to $128.00 and gave the stock an outperform rating in a research note on Wednesday, August 17th. OTR Global upgraded DICK’S Sporting Goods from a mixed rating to a positive rating in a research report on Wednesday, August 17th. Evercore ISI increased their price target on DICK’S Sporting Goods from $120.00 to $160.00 and gave the stock an outperform rating in a research report on Wednesday, August 24th. Finally, Oppenheimer upgraded DICK’S Sporting Goods from a market perform rating to an outperform rating and set a $138.00 price target on the stock in a research report on Thursday, October 20th. One research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $127.42.

DICK’S Sporting Goods Stock Up 10.1 %

Shares of DKS opened at $117.76 on Tuesday. DICK’S Sporting Goods has a 52 week low of $63.45 and a 52 week high of $135.60. The company has a quick ratio of 0.75, a current ratio of 1.82 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $9.33 billion, a price-to-earnings ratio of 10.10, a PEG ratio of 1.91 and a beta of 1.46. The stock’s 50-day moving average price is $110.05 and its 200-day moving average price is $97.89.

DICK’S Sporting Goods (NYSE:DKSGet Rating) last issued its earnings results on Tuesday, August 23rd. The sporting goods retailer reported $3.68 EPS for the quarter, topping analysts’ consensus estimates of $3.53 by $0.15. DICK’S Sporting Goods had a return on equity of 55.70% and a net margin of 10.42%. The firm had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter in the prior year, the business earned $5.08 earnings per share. The company’s revenue was down 5.0% compared to the same quarter last year. On average, sell-side analysts predict that DICK’S Sporting Goods will post 11.44 EPS for the current year.

Hedge Funds Weigh In On DICK’S Sporting Goods

Several hedge funds and other institutional investors have recently made changes to their positions in DKS. Huntington National Bank lifted its position in shares of DICK’S Sporting Goods by 36,600.0% in the first quarter. Huntington National Bank now owns 367 shares of the sporting goods retailer’s stock valued at $37,000 after acquiring an additional 366 shares in the last quarter. Byrne Asset Management LLC acquired a new stake in shares of DICK’S Sporting Goods in the second quarter valued at approximately $38,000. CoreCap Advisors LLC acquired a new stake in shares of DICK’S Sporting Goods in the second quarter valued at approximately $40,000. Northern Oak Wealth Management Inc. acquired a new stake in shares of DICK’S Sporting Goods in the second quarter valued at approximately $51,000. Finally, Banque Cantonale Vaudoise increased its stake in DICK’S Sporting Goods by 108.1% during the second quarter. Banque Cantonale Vaudoise now owns 747 shares of the sporting goods retailer’s stock worth $56,000 after acquiring an additional 388 shares during the last quarter. Hedge funds and other institutional investors own 78.85% 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 eastern United States. The company provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.

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