DICK’S Sporting Goods (NYSE:DKS) PT Raised to $135.00

DICK’S Sporting Goods (NYSE:DKSGet 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.

DICK’S Sporting Goods (NYSE:DKSGet Rating) last issued its quarterly earnings data on Tuesday, August 23rd. The sporting goods retailer reported $3.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.53 by $0.15. The firm had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $3.07 billion. DICK’S Sporting Goods had a net margin of 9.52% and a return on equity of 52.43%. The business’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $5.08 earnings per share. Analysts expect that DICK’S Sporting Goods will post 11.89 EPS for the current year.

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

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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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