DICK’S Sporting Goods’ (DKS) “Neutral” Rating Reiterated at Robert W. Baird

DICK’S Sporting Goods (NYSE:DKS)‘s stock had its “neutral” rating reissued by research analysts at Robert W. Baird in a research report issued to clients and investors on Wednesday, Benzinga reports. They currently have a $235.00 price target on the sporting goods retailer’s stock. Robert W. Baird’s price target would suggest a potential downside of 0.55% from the company’s current price.

Several other equities analysts have also weighed in on DKS. JPMorgan Chase & Co. increased their price objective on shares of DICK’S Sporting Goods from $197.00 to $211.00 and gave the company a “neutral” rating in a report on Thursday, May 30th. Oppenheimer increased their price target on DICK’S Sporting Goods from $240.00 to $270.00 and gave the company an “outperform” rating in a research note on Thursday, May 30th. TD Cowen lifted their price objective on DICK’S Sporting Goods from $224.00 to $266.00 and gave the stock a “buy” rating in a research note on Thursday, May 30th. Wedbush reiterated a “neutral” rating and issued a $230.00 price objective on shares of DICK’S Sporting Goods in a report on Wednesday, June 5th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $245.00 target price on shares of DICK’S Sporting Goods in a report on Wednesday, May 29th. Ten investment analysts have rated the stock with a hold rating and twelve have assigned 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 $240.81.

DICK’S Sporting Goods Price Performance

DICK’S Sporting Goods stock opened at $236.30 on Wednesday. The business’s 50-day simple moving average is $213.93 and its 200 day simple moving average is $204.90. The company has a quick ratio of 0.65, a current ratio of 1.71 and a debt-to-equity ratio of 0.55. The stock has a market cap of $19.26 billion, a price-to-earnings ratio of 19.56, a P/E/G ratio of 2.26 and a beta of 1.65. DICK’S Sporting Goods has a 12-month low of $100.98 and a 12-month high of $239.30.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Wednesday, May 29th. The sporting goods retailer reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $2.94 billion. During the same period in the prior year, the company posted $3.40 EPS. The company’s revenue was up 6.2% compared to the same quarter last year. As a group, research analysts anticipate that DICK’S Sporting Goods will post 13.76 earnings per share for the current year.

Insider Activity

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Cetera Investment Advisers raised its holdings in shares of DICK’S Sporting Goods by 54.6% in the 2nd quarter. Cetera Investment Advisers now owns 11,672 shares of the sporting goods retailer’s stock valued at $2,508,000 after purchasing an additional 4,124 shares during the period. Truist Financial Corp raised its stake in DICK’S Sporting Goods by 1.1% in the second quarter. Truist Financial Corp now owns 18,055 shares of the sporting goods retailer’s stock valued at $3,879,000 after buying an additional 198 shares during the period. Creative Planning lifted its position in shares of DICK’S Sporting Goods by 2.6% in the second quarter. Creative Planning now owns 16,775 shares of the sporting goods retailer’s stock valued at $3,604,000 after buying an additional 425 shares during the last quarter. Scientech Research LLC lifted its position in shares of DICK’S Sporting Goods by 525.2% in the second quarter. Scientech Research LLC now owns 14,579 shares of the sporting goods retailer’s stock valued at $3,132,000 after buying an additional 12,247 shares during the last quarter. Finally, Lighthouse Investment Partners LLC bought a new position in shares of DICK’S Sporting Goods during the 2nd quarter worth approximately $520,000. Institutional investors 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.