DICK’S Sporting Goods (NYSE:DKS) Earns “Outperform” Rating from Telsey Advisory Group

DICK’S Sporting Goods (NYSE:DKS)‘s stock had its “outperform” rating reaffirmed by equities researchers at Telsey Advisory Group in a report issued on Tuesday,Benzinga reports. They presently have a $260.00 price objective on the sporting goods retailer’s stock. Telsey Advisory Group’s price objective would suggest a potential upside of 20.37% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Wells Fargo & Company reduced their price objective on DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating for the company in a research report on Monday, August 12th. Wedbush restated a “neutral” rating and set a $250.00 price target on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Bank of America upped their price target on shares of DICK’S Sporting Goods from $240.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. Barclays raised their price objective on shares of DICK’S Sporting Goods from $247.00 to $254.00 and gave the company an “overweight” rating in a research note on Thursday, September 5th. Finally, Loop Capital upped their target price on shares of DICK’S Sporting Goods from $200.00 to $220.00 and gave the stock a “hold” rating in a research note on Thursday, September 5th. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, DICK’S Sporting Goods currently has an average rating of “Moderate Buy” and an average target price of $244.62.

DICK’S Sporting Goods Stock Up 0.4 %

Shares of NYSE DKS traded up $0.77 during mid-day trading on Tuesday, hitting $216.00. 2,396,619 shares of the stock traded hands, compared to its average volume of 1,081,712. The stock has a fifty day moving average price of $205.78 and a 200-day moving average price of $210.53. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.69 and a current ratio of 1.77. The company has a market cap of $17.59 billion, a price-to-earnings ratio of 15.85, a PEG ratio of 2.39 and a beta of 1.64. DICK’S Sporting Goods has a 52 week low of $119.84 and a 52 week high of $239.30.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.68 by $0.07. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The firm had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.03 billion. During the same quarter in the previous year, the business posted $2.85 EPS. The company’s quarterly revenue was up .5% on a year-over-year basis. Research analysts anticipate that DICK’S Sporting Goods will post 13.88 EPS for the current year.

Hedge Funds Weigh In On DICK’S Sporting Goods

A number of institutional investors have recently bought and sold shares of the stock. Janus Henderson Group PLC increased its stake in shares of DICK’S Sporting Goods by 2.3% in the first quarter. Janus Henderson Group PLC now owns 6,948 shares of the sporting goods retailer’s stock worth $1,562,000 after purchasing an additional 153 shares in the last quarter. LBP AM SA bought a new stake in DICK’S Sporting Goods during the first quarter valued at about $1,405,000. iA Global Asset Management Inc. bought a new position in shares of DICK’S Sporting Goods in the first quarter worth about $586,000. Virtu Financial LLC raised its stake in DICK’S Sporting Goods by 1,056.3% during the 1st quarter. Virtu Financial LLC now owns 28,133 shares of the sporting goods retailer’s stock valued at $6,326,000 after purchasing an additional 25,700 shares during the period. Finally, Swedbank AB purchased a new position in DICK’S Sporting Goods in the 1st quarter worth approximately $1,670,000. 89.83% of the stock is owned by institutional investors.

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.