DICK’S Sporting Goods’ (DKS) Outperform Rating Reiterated at Telsey Advisory Group

DICK’S Sporting Goods (NYSE:DKS)‘s stock had its “outperform” rating reaffirmed by Telsey Advisory Group in a research note issued on Tuesday,Benzinga reports. They currently have a $260.00 price objective on the sporting goods retailer’s stock. Telsey Advisory Group’s target price would suggest a potential upside of 21.67% from the stock’s previous close.

A number of other brokerages have also commented on DKS. Barclays lifted their price target on shares of DICK’S Sporting Goods from $247.00 to $254.00 and gave the stock an “overweight” rating in a report on Thursday, September 5th. JPMorgan Chase & Co. lifted their target price on DICK’S Sporting Goods from $211.00 to $215.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. TD Cowen increased their price target on DICK’S Sporting Goods from $266.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Loop Capital raised their price objective on DICK’S Sporting Goods from $200.00 to $220.00 and gave the stock a “hold” rating in a research report on Thursday, September 5th. Finally, UBS Group upped their target price on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “neutral” rating in a report on Monday, August 26th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $244.95.

DICK’S Sporting Goods Trading Up 0.7 %

Shares of DKS stock opened at $213.70 on Tuesday. The company has a quick ratio of 0.69, a current ratio of 1.77 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $17.40 billion, a P/E ratio of 15.68, a P/E/G ratio of 2.45 and a beta of 1.64. DICK’S Sporting Goods has a twelve month low of $120.39 and a twelve month high of $239.30. The stock’s fifty day simple moving average is $205.76 and its 200 day simple moving average is $210.64.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.07. The company had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.03 billion. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the business posted $2.85 earnings per share. As a group, sell-side analysts predict that DICK’S Sporting Goods will post 13.88 EPS for the current fiscal year.

Institutional Trading of DICK’S Sporting Goods

Hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. grew its holdings in shares of DICK’S Sporting Goods by 5.5% during the second quarter. Principal Financial Group Inc. now owns 239,451 shares of the sporting goods retailer’s stock valued at $51,446,000 after buying an additional 12,396 shares during the last quarter. Swedbank AB acquired a new position in DICK’S Sporting Goods during the 1st quarter valued at about $1,670,000. Kerusso Capital Management LLC bought a new stake in DICK’S Sporting Goods during the 3rd quarter worth approximately $1,554,000. &PARTNERS purchased a new stake in shares of DICK’S Sporting Goods in the second quarter worth approximately $309,000. Finally, National Pension Service bought a new position in shares of DICK’S Sporting Goods in the third quarter valued at approximately $4,195,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

About DICK’S Sporting Goods

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