DICK’S Sporting Goods (NYSE:DKS) Price Target Cut to $227.00

DICK’S Sporting Goods (NYSE:DKS) had its price target decreased by Wells Fargo & Company from $230.00 to $227.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has an “equal weight” rating on the sporting goods retailer’s stock. Wells Fargo & Company‘s price target points to a potential upside of 5.47% from the company’s previous close.

Several other research analysts have also recently weighed in on the company. Morgan Stanley upped their price objective on DICK’S Sporting Goods from $235.00 to $245.00 and gave the stock an “overweight” rating in a research report on Thursday, May 30th. Citigroup increased their price target on DICK’S Sporting Goods from $220.00 to $230.00 and gave the company a “neutral” rating in a research report on Thursday, May 30th. Stifel Nicolaus increased their price target on DICK’S Sporting Goods from $215.00 to $232.00 and gave the company a “hold” rating in a research report on Thursday, May 30th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $245.00 price objective on shares of DICK’S Sporting Goods in a research report on Wednesday, May 29th. Finally, UBS Group raised their price objective on DICK’S Sporting Goods from $215.00 to $220.00 and gave the company a “neutral” rating in a research report on Thursday, May 30th. Eleven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $236.05.

DICK’S Sporting Goods Trading Up 5.2 %

Shares of DKS opened at $215.22 on Monday. The stock’s fifty day simple moving average is $211.93 and its 200-day simple moving average is $199.70. The firm has a market capitalization of $17.54 billion, a PE ratio of 17.82, a price-to-earnings-growth ratio of 2.26 and a beta of 1.65. The company has a quick ratio of 0.65, a current ratio of 1.71 and a debt-to-equity ratio of 0.55. DICK’S Sporting Goods has a 12-month low of $100.98 and a 12-month high of $234.47.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Wednesday, May 29th. The sporting goods retailer reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $2.94 by $0.36. The business had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.94 billion. DICK’S Sporting Goods had a return on equity of 41.80% and a net margin of 7.73%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.40 earnings per share. As a group, research analysts predict that DICK’S Sporting Goods will post 13.76 earnings per share for the current year.

Insider Activity

In other news, EVP Julie Lodge-Jarrett sold 4,910 shares of DICK’S Sporting Goods stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $222.02, for a total value of $1,090,118.20. Following the transaction, the executive vice president now owns 16,504 shares in the company, valued at approximately $3,664,218.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Julie Lodge-Jarrett sold 4,910 shares of DICK’S Sporting Goods stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $222.02, for a total value of $1,090,118.20. Following the transaction, the executive vice president now owns 16,504 shares in the company, valued at approximately $3,664,218.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Desiree Ralls-Morrison sold 3,489 shares of DICK’S Sporting Goods stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $206.65, for a total value of $721,001.85. Following the completion of the transaction, the director now owns 5,609 shares in the company, valued at approximately $1,159,099.85. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,400 shares of company stock worth $1,811,336. Insiders own 32.03% of the company’s stock.

Institutional Investors Weigh In On DICK’S Sporting Goods

Several hedge funds have recently modified their holdings of DKS. Norges Bank acquired a new stake in shares of DICK’S Sporting Goods during the 4th quarter valued at $108,908,000. Renaissance Technologies LLC boosted its holdings in shares of DICK’S Sporting Goods by 51.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,106,341 shares of the sporting goods retailer’s stock valued at $237,697,000 after acquiring an additional 375,600 shares in the last quarter. Wedge Capital Management L L P NC acquired a new stake in shares of DICK’S Sporting Goods during the 4th quarter valued at $47,196,000. Vanguard Group Inc. boosted its holdings in shares of DICK’S Sporting Goods by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 5,380,645 shares of the sporting goods retailer’s stock valued at $1,209,892,000 after acquiring an additional 166,687 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its holdings in shares of DICK’S Sporting Goods by 5,379.0% during the 1st quarter. Los Angeles Capital Management LLC now owns 167,768 shares of the sporting goods retailer’s stock valued at $37,724,000 after acquiring an additional 164,706 shares in the last quarter. 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.