DICK’S Sporting Goods (NYSE:DKS) Shares Gap Up to $119.01

DICK’S Sporting Goods, Inc. (NYSE:DKS)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $119.01, but opened at $129.75. DICK’S Sporting Goods shares last traded at $130.56, with a volume of 1,697,855 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Loop Capital decreased their price objective on DICK’S Sporting Goods from $135.00 to $115.00 and set a “hold” rating on the stock in a report on Wednesday, August 23rd. Morgan Stanley decreased their price target on shares of DICK’S Sporting Goods from $150.00 to $145.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 14th. Robert W. Baird lowered their price target on shares of DICK’S Sporting Goods from $140.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, August 22nd. Barclays reduced their price objective on shares of DICK’S Sporting Goods from $174.00 to $139.00 and set an “overweight” rating for the company in a report on Wednesday, August 23rd. Finally, JPMorgan Chase & Co. lowered their target price on shares of DICK’S Sporting Goods from $144.00 to $128.00 and set a “neutral” rating on the stock in a research note on Thursday, August 24th. Thirteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, DICK’S Sporting Goods has a consensus rating of “Hold” and an average target price of $142.58.

DICK’S Sporting Goods Stock Performance

The stock’s 50 day simple moving average is $109.50 and its two-hundred day simple moving average is $124.08. The company has a market capitalization of $11.09 billion, a P/E ratio of 11.69, a P/E/G ratio of 1.98 and a beta of 1.49. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.81 and a quick ratio of 0.78.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Tuesday, August 22nd. The sporting goods retailer reported $2.82 earnings per share for the quarter, missing analysts’ consensus estimates of $3.76 by ($0.94). DICK’S Sporting Goods had a net margin of 8.03% and a return on equity of 40.52%. The company had revenue of $3.22 billion during the quarter, compared to analyst estimates of $3.24 billion. During the same period in the prior year, the business earned $3.68 EPS. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. As a group, research analysts expect that DICK’S Sporting Goods, Inc. will post 11.8 earnings per share for the current year.

Insider Activity

In other news, Director William J. Colombo purchased 2,200 shares of the business’s stock in a transaction dated Thursday, September 7th. The shares were acquired at an average price of $110.00 per share, with a total value of $242,000.00. Following the completion of the purchase, the director now directly owns 170,192 shares of the company’s stock, valued at approximately $18,721,120. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other DICK’S Sporting Goods news, Director William J. Colombo purchased 2,200 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The stock was acquired at an average cost of $110.00 per share, with a total value of $242,000.00. Following the completion of the purchase, the director now directly owns 170,192 shares in the company, valued at approximately $18,721,120. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sandeep Mathrani acquired 1,300 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The stock was acquired at an average price of $113.54 per share, for a total transaction of $147,602.00. Following the completion of the acquisition, the director now directly owns 6,647 shares of the company’s stock, valued at $754,700.38. The disclosure for this purchase can be found here. Insiders own 30.79% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of DICK’S Sporting Goods by 7.2% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,056 shares of the sporting goods retailer’s stock valued at $2,306,000 after buying an additional 1,541 shares during the period. Great West Life Assurance Co. Can increased its holdings in shares of DICK’S Sporting Goods by 14.5% in the first quarter. Great West Life Assurance Co. Can now owns 40,257 shares of the sporting goods retailer’s stock worth $4,161,000 after acquiring an additional 5,111 shares in the last quarter. Yousif Capital Management LLC raised its position in shares of DICK’S Sporting Goods by 0.6% during the first quarter. Yousif Capital Management LLC now owns 36,694 shares of the sporting goods retailer’s stock worth $3,670,000 after purchasing an additional 217 shares during the period. Sei Investments Co. lifted its holdings in shares of DICK’S Sporting Goods by 20.3% during the 1st quarter. Sei Investments Co. now owns 30,737 shares of the sporting goods retailer’s stock valued at $3,160,000 after purchasing an additional 5,182 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its position in shares of DICK’S Sporting Goods by 34.4% in the 1st quarter. Canada Pension Plan Investment Board now owns 2,047 shares of the sporting goods retailer’s stock valued at $204,000 after purchasing an additional 524 shares during the period. Institutional investors own 68.21% of the company’s stock.

DICK’S Sporting Goods Company Profile

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.