DICK’S Sporting Goods (NYSE:DKS – Get Rating) had its target price raised by equities research analysts at Telsey Advisory Group from $125.00 to $135.00 in a report issued on Wednesday, Marketbeat.com reports. The brokerage currently has an “outperform” rating on the sporting goods retailer’s stock. Telsey Advisory Group’s target price indicates a potential upside of 13.46% from the company’s previous close. Telsey Advisory Group also issued estimates for DICK’S Sporting Goods’ FY2023 earnings at $12.05 EPS and FY2024 earnings at $12.95 EPS.
Other research analysts have also recently issued research reports about the stock. UBS Group upped their price target on shares of DICK’S Sporting Goods from $102.00 to $112.00 and gave the company a “neutral” rating in a report on Wednesday, August 24th. Gordon Haskett upgraded shares of DICK’S Sporting Goods from a “hold” rating to a “buy” rating and set a $135.00 price target for the company in a report on Tuesday. Oppenheimer upgraded shares of DICK’S Sporting Goods from a “market perform” rating to an “outperform” rating and set a $138.00 price target for the company in a report on Thursday, October 20th. Stifel Nicolaus upped their price target on shares of DICK’S Sporting Goods from $84.00 to $100.00 in a report on Wednesday, August 24th. Finally, Barclays upped their price target on shares of DICK’S Sporting Goods from $106.00 to $125.00 and gave the company an “overweight” rating in a report on Wednesday, August 24th. Five analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, DICK’S Sporting Goods presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.16.
DICK’S Sporting Goods Stock Up 1.0 %
Shares of NYSE DKS opened at $118.98 on Wednesday. The stock has a market cap of $9.42 billion, a P/E ratio of 10.50, a P/E/G ratio of 1.98 and a beta of 1.46. The firm has a 50 day moving average price of $110.23 and a 200 day moving average price of $98.18. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.75 and a current ratio of 1.81. DICK’S Sporting Goods has a 52-week low of $63.45 and a 52-week high of $132.75.
Institutional Trading of DICK’S Sporting Goods
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Huntington National Bank raised its position in DICK’S Sporting Goods by 36,600.0% during the first quarter. Huntington National Bank now owns 367 shares of the sporting goods retailer’s stock worth $37,000 after acquiring an additional 366 shares in the last quarter. B. Riley Wealth Management Inc. acquired a new position in shares of DICK’S Sporting Goods in the second quarter valued at $20,734,000. Byrne Asset Management LLC acquired a new position in shares of DICK’S Sporting Goods in the second quarter valued at $38,000. CoreCap Advisors LLC acquired a new position in shares of DICK’S Sporting Goods in the second quarter valued at $40,000. Finally, Psagot Value Holdings Ltd. Israel acquired a new position in shares of DICK’S Sporting Goods in the first quarter valued at $60,000. 78.85% of the stock is owned by institutional investors.
DICK’S Sporting Goods Company Profile
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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