UBS Group Increases DICK’S Sporting Goods (NYSE:DKS) Price Target to $225.00

DICK’S Sporting Goods (NYSE:DKS) had its price objective upped by investment analysts at UBS Group from $220.00 to $225.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the sporting goods retailer’s stock. UBS Group’s target price points to a potential downside of 3.94% from the company’s current price.

Several other research analysts have also weighed in on DKS. DA Davidson increased their price objective on shares of DICK’S Sporting Goods from $250.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Citigroup increased their price objective on shares of DICK’S Sporting Goods from $220.00 to $230.00 and gave the stock a “neutral” rating in a report on Thursday, May 30th. Truist Financial increased their price objective on shares of DICK’S Sporting Goods from $243.00 to $256.00 and gave the stock a “buy” rating in a report on Thursday, May 30th. TD Cowen increased their price objective on shares of DICK’S Sporting Goods from $224.00 to $266.00 and gave the stock a “buy” rating in a report on Thursday, May 30th. Finally, Evercore ISI increased their price objective on shares of DICK’S Sporting Goods from $240.00 to $280.00 and gave the stock an “outperform” rating in a report on Thursday, May 30th. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, DICK’S Sporting Goods currently has a consensus rating of “Moderate Buy” and a consensus target price of $240.81.

DICK’S Sporting Goods Trading Down 2.1 %

Shares of DICK’S Sporting Goods stock traded down $4.94 during mid-day trading on Monday, hitting $234.24. 198,829 shares of the stock were exchanged, compared to its average volume of 1,113,452. DICK’S Sporting Goods has a twelve month low of $100.98 and a twelve month high of $239.30. The stock has a market capitalization of $19.09 billion, a price-to-earnings ratio of 19.39, a price-to-earnings-growth ratio of 2.26 and a beta of 1.65. The company has a 50-day simple moving average of $213.57 and a 200 day simple moving average of $203.85. The company has a current ratio of 1.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.55.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Wednesday, May 29th. The sporting goods retailer reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.94 by $0.36. DICK’S Sporting Goods had a net margin of 7.73% and a return on equity of 41.80%. The company had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same period last year, the company earned $3.40 EPS. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. Research analysts forecast that DICK’S Sporting Goods will post 13.76 EPS for the current year.

Insider Buying and Selling at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, Director Desiree Ralls-Morrison sold 3,489 shares of the stock in a transaction that occurred 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 sale, the director now owns 5,609 shares of the company’s stock, valued at $1,159,099.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Julie Lodge-Jarrett sold 4,910 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $222.02, for a total transaction of $1,090,118.20. Following the completion of the sale, the executive vice president now owns 16,504 shares of the company’s stock, valued at $3,664,218.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Desiree Ralls-Morrison sold 3,489 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $206.65, for a total transaction of $721,001.85. Following the sale, the director now directly owns 5,609 shares of the company’s stock, valued at approximately $1,159,099.85. The disclosure for this sale can be found here. Insiders sold 8,400 shares of company stock valued at $1,811,336 over the last 90 days. 32.03% of the stock is owned by corporate insiders.

Institutional Trading of DICK’S Sporting Goods

A number of hedge funds have recently made changes to their positions in DKS. International Assets Investment Management LLC acquired a new stake in shares of DICK’S Sporting Goods during the fourth quarter worth approximately $19,219,000. Cerity Partners LLC acquired a new position in DICK’S Sporting Goods in the fourth quarter worth $241,000. Signaturefd LLC boosted its holdings in DICK’S Sporting Goods by 30.5% in the fourth quarter. Signaturefd LLC now owns 638 shares of the sporting goods retailer’s stock worth $94,000 after purchasing an additional 149 shares during the period. GAMMA Investing LLC acquired a new position in DICK’S Sporting Goods in the fourth quarter worth $96,000. Finally, Chase Investment Counsel Corp boosted its holdings in DICK’S Sporting Goods by 13.0% in the fourth quarter. Chase Investment Counsel Corp now owns 7,800 shares of the sporting goods retailer’s stock worth $1,146,000 after purchasing an additional 900 shares during the period. 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.