DICK’S Sporting Goods (NYSE:DKS) Coverage Initiated by Analysts at StockNews.com

Stock analysts at StockNews.com started coverage on shares of DICK’S Sporting Goods (NYSE:DKS – Get Rating) in a research report issued on Thursday. The brokerage set a “hold” rating on the sporting goods retailer’s stock.

Other research analysts have also recently issued research reports about the stock. Stifel Nicolaus boosted their price objective on shares of DICK’S Sporting Goods from $112.00 to $157.00 and gave the company a “hold” rating in a report on Wednesday, March 8th. Morgan Stanley lifted their price target on shares of DICK’S Sporting Goods from $165.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, March 8th. Wells Fargo & Company lifted their price target on shares of DICK’S Sporting Goods from $103.00 to $120.00 in a research note on Wednesday, November 23rd. Barclays lifted their price target on shares of DICK’S Sporting Goods from $139.00 to $174.00 and gave the company an “overweight” rating in a research note on Wednesday, March 8th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $135.00 price target on shares of DICK’S Sporting Goods in a research note on Friday, March 3rd. Ten equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, DICK’S Sporting Goods presently has an average rating of “Moderate Buy” and a consensus target price of $155.30.

DICK’S Sporting Goods Trading Down 1.5 %

DKS opened at $146.71 on Thursday. DICK’S Sporting Goods has a 1-year low of $63.45 and a 1-year high of $152.61. The firm has a 50-day moving average price of $131.17 and a two-hundred day moving average price of $118.91. The company has a current ratio of 1.88, a quick ratio of 0.81 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $11.62 billion, a PE ratio of 13.62, a PEG ratio of 2.01 and a beta of 1.41.

DICK’S Sporting Goods (NYSE:DKS – Get Rating) last issued its quarterly earnings data on Tuesday, March 7th. The sporting goods retailer reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.86 by $0.07. The firm had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.45 billion. DICK’S Sporting Goods had a net margin of 8.43% and a return on equity of 45.97%. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.64 earnings per share. As a group, equities analysts anticipate that DICK’S Sporting Goods will post 13.38 earnings per share for the current fiscal year.

Insider Buying and Selling at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, EVP Vladimir Rak sold 29,144 shares of the company’s stock in a transaction on Wednesday, December 21st. The shares were sold at an average price of $112.43, for a total value of $3,276,659.92. Following the transaction, the executive vice president now directly owns 48,260 shares in the company, valued at $5,425,871.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other DICK’S Sporting Goods news, EVP Vladimir Rak sold 29,144 shares of the company’s stock in a transaction on Wednesday, December 21st. The shares were sold at an average price of $112.43, for a total value of $3,276,659.92. Following the transaction, the executive vice president now directly owns 48,260 shares in the company, valued at $5,425,871.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Edward W. Stack sold 159,461 shares of the company’s stock in a transaction on Monday, March 13th. The shares were sold at an average price of $144.38, for a total transaction of $23,022,979.18. Following the completion of the transaction, the chairman now owns 10,953,633 shares in the company, valued at $1,581,485,532.54. The disclosure for this sale can be found here. Insiders have sold a total of 271,997 shares of company stock worth $38,408,991 over the last ninety days. Insiders own 32.83% of the company’s stock.

Hedge Funds Weigh In On DICK’S Sporting Goods

Institutional investors and hedge funds have recently modified their holdings of the business. Comerica Bank grew its stake in shares of DICK’S Sporting Goods by 52.4% in the third quarter. Comerica Bank now owns 42,024 shares of the sporting goods retailer’s stock valued at $4,804,000 after acquiring an additional 14,456 shares in the last quarter. Bridgewater Associates LP grew its stake in shares of DICK’S Sporting Goods by 21.1% in the second quarter. Bridgewater Associates LP now owns 10,104 shares of the sporting goods retailer’s stock valued at $762,000 after acquiring an additional 1,761 shares in the last quarter. Truist Financial Corp grew its stake in shares of DICK’S Sporting Goods by 46.6% in the third quarter. Truist Financial Corp now owns 34,060 shares of the sporting goods retailer’s stock valued at $3,565,000 after acquiring an additional 10,834 shares in the last quarter. Fragasso Group Inc. acquired a new position in shares of DICK’S Sporting Goods in the second quarter valued at about $294,000. Finally, Eqis Capital Management Inc. grew its stake in shares of DICK’S Sporting Goods by 5.3% in the third quarter. Eqis Capital Management Inc. now owns 18,423 shares of the sporting goods retailer’s stock valued at $1,928,000 after acquiring an additional 926 shares in the last quarter. 75.08% of the stock is currently owned by institutional investors and hedge funds.

About DICK’S Sporting Goods

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Dick’s Sporting Goods, Inc engages in the retail of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories through a blend of associates, in-store services, and unique specialty shop-in-shops. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.