DICK’S Sporting Goods, Inc. (NYSE:DKS) Receives Consensus Rating of “Moderate Buy” from Brokerages

DICK’S Sporting Goods, Inc. (NYSE:DKS) has been assigned an average recommendation of “Moderate Buy” from the twenty-two research firms that are presently covering the stock, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $248.09.

DKS has been the topic of several analyst reports. TD Cowen boosted their target price on DICK’S Sporting Goods from $270.00 to $294.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Loop Capital boosted their target price on DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “hold” rating in a report on Wednesday, November 27th. Truist Financial boosted their target price on DICK’S Sporting Goods from $256.00 to $258.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. UBS Group raised DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and upped their price target for the company from $225.00 to $260.00 in a report on Wednesday, November 27th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $260.00 price target on shares of DICK’S Sporting Goods in a report on Friday.

Insider Activity at DICK’S Sporting Goods

In other news, Director Lawrence J. Schorr sold 7,333 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $231.55, for a total value of $1,697,956.15. Following the transaction, the director now owns 50,997 shares of the company’s stock, valued at $11,808,355.35. This trade represents a 12.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Edward W. Stack sold 160,600 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $229.25, for a total value of $36,817,550.00. Following the transaction, the chairman now owns 8,362,128 shares of the company’s stock, valued at approximately $1,917,017,844. This trade represents a 1.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 172,933 shares of company stock worth $39,655,456. Corporate insiders own 32.03% of the company’s stock.

Institutional Trading of DICK’S Sporting Goods

Several institutional investors and hedge funds have recently modified their holdings of DKS. Wealthfront Advisers LLC purchased a new stake in DICK’S Sporting Goods in the 4th quarter worth $1,893,210,000. Norges Bank bought a new position in shares of DICK’S Sporting Goods in the fourth quarter worth about $221,693,000. Wellington Management Group LLP purchased a new stake in shares of DICK’S Sporting Goods during the fourth quarter worth about $125,285,000. Junto Capital Management LP bought a new stake in DICK’S Sporting Goods during the 4th quarter valued at approximately $89,351,000. Finally, Holocene Advisors LP purchased a new position in DICK’S Sporting Goods in the 3rd quarter worth approximately $70,562,000. 89.83% of the stock is currently owned by institutional investors.

DICK’S Sporting Goods Trading Down 0.1 %

DICK’S Sporting Goods stock opened at $214.48 on Wednesday. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. The business’s fifty day simple moving average is $231.77 and its two-hundred day simple moving average is $219.39. DICK’S Sporting Goods has a 12 month low of $178.21 and a 12 month high of $254.60. The company has a market capitalization of $17.47 billion, a price-to-earnings ratio of 15.33, a price-to-earnings-growth ratio of 2.47 and a beta of 1.53.

DICK’S Sporting Goods Company Profile

Dick’s Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.