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

DICK’S Sporting Goods (NYSE:DKS)‘s stock had its “outperform” rating restated by Telsey Advisory Group in a research note issued to investors on Friday,Benzinga reports. They currently have a $260.00 target price on the sporting goods retailer’s stock. Telsey Advisory Group’s price objective suggests a potential upside of 21.23% from the company’s current price.

Several other research analysts have also recently issued reports on the stock. Morgan Stanley raised their target price on shares of DICK’S Sporting Goods from $245.00 to $255.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. TD Cowen raised their price target on shares of 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 upped their price objective on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a research note on Wednesday, November 27th. UBS Group raised DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and raised their target price for the stock from $225.00 to $260.00 in a research note on Wednesday, November 27th. Finally, Argus upped their price target on DICK’S Sporting Goods from $255.00 to $280.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Eight analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $248.09.

DICK’S Sporting Goods Trading Down 0.1 %

Shares of DKS stock opened at $214.48 on Friday. The business has a 50-day moving average of $231.77 and a 200 day moving average of $219.50. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. DICK’S Sporting Goods has a 1-year low of $178.21 and a 1-year high of $254.60. The stock has a market capitalization of $17.47 billion, a PE ratio of 15.33, a P/E/G ratio of 2.47 and a beta of 1.53.

Insiders Place Their Bets

In other news, EVP Julie Lodge-Jarrett sold 5,000 shares of the firm’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $227.99, for a total transaction of $1,139,950.00. Following the sale, the executive vice president now directly owns 16,504 shares in the company, valued at $3,762,746.96. This trade represents a 23.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lawrence J. Schorr sold 7,333 shares of the stock in a transaction on 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 completion of the sale, the director now owns 50,997 shares of the company’s stock, valued at $11,808,355.35. The trade was a 12.57 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 172,933 shares of company stock worth $39,655,456. Company insiders own 32.03% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Park Square Financial Group LLC bought a new stake in shares of DICK’S Sporting Goods during the fourth quarter valued at approximately $27,000. New Wave Wealth Advisors LLC bought a new stake in DICK’S Sporting Goods in the 4th quarter valued at $28,000. Ancora Advisors LLC bought a new stake in DICK’S Sporting Goods in the 4th quarter valued at $28,000. Brooklyn Investment Group purchased a new stake in DICK’S Sporting Goods in the 3rd quarter worth $27,000. Finally, Rialto Wealth Management LLC bought a new position in shares of DICK’S Sporting Goods during the 4th quarter valued at about $30,000. 89.83% of the stock is owned by hedge funds and other institutional investors.

About DICK’S Sporting Goods

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.