DICK’S Sporting Goods (NYSE:DKS) Shares Gap Down to $232.12

DICK’S Sporting Goods, Inc. (NYSE:DKS) shares gapped down before the market opened on Wednesday . The stock had previously closed at $232.12, but opened at $216.96. DICK’S Sporting Goods shares last traded at $209.12, with a volume of 632,271 shares.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Oppenheimer lifted their price target on shares of DICK’S Sporting Goods from $240.00 to $270.00 and gave the stock an “outperform” rating in a report on Thursday, May 30th. Bank of America upgraded shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and upped their target price for the company from $225.00 to $240.00 in a research note on Wednesday, May 29th. Telsey Advisory Group increased their price objective on shares of DICK’S Sporting Goods from $255.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. JPMorgan Chase & Co. increased their price objective on shares of DICK’S Sporting Goods from $197.00 to $211.00 and gave the stock a “neutral” rating in a research note on Thursday, May 30th. Finally, UBS Group raised their price target on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. 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, DICK’S Sporting Goods currently has a consensus rating of “Moderate Buy” and an average price target of $242.67.

DICK’S Sporting Goods Stock Down 6.3 %

The stock has a market capitalization of $17.72 billion, a P/E ratio of 17.42, a PEG ratio of 2.59 and a beta of 1.65. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.71 and a quick ratio of 0.65. The stock’s fifty day moving average is $214.63 and its two-hundred day moving average is $207.28.

Insider Buying and Selling

In related news, Director Desiree Ralls-Morrison sold 3,489 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $206.65, for a total transaction of $721,001.85. Following the completion of the sale, the director now directly owns 5,609 shares in the company, valued at $1,159,099.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 32.03% of the stock is currently owned by insiders.

Institutional Investors Weigh In On DICK’S Sporting Goods

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC acquired a new stake in DICK’S Sporting Goods in the 1st quarter worth $25,000. ICA Group Wealth Management LLC bought a new position in DICK’S Sporting Goods during the 2nd quarter valued at about $28,000. Covestor Ltd lifted its holdings in DICK’S Sporting Goods by 70.5% during the 1st quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer’s stock valued at $30,000 after purchasing an additional 55 shares during the last quarter. ORG Partners LLC bought a new position in shares of DICK’S Sporting Goods in the second quarter worth about $30,000. Finally, Innealta Capital LLC bought a new position in shares of DICK’S Sporting Goods in the second quarter worth about $31,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Company Profile

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.