DICK’S Sporting Goods (NYSE:DKS) Price Target Raised to $294.00 at TD Cowen

DICK’S Sporting Goods (NYSE:DKS) had its price target boosted by stock analysts at TD Cowen from $270.00 to $294.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the sporting goods retailer’s stock. TD Cowen’s target price suggests a potential upside of 26.57% from the company’s current price.

Several other equities research analysts have also weighed in on DKS. Wedbush reissued a “neutral” rating and set a $215.00 target price (down previously from $250.00) on shares of DICK’S Sporting Goods in a research report on Wednesday, November 27th. Loop Capital raised their price objective on shares of 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 upped their target price on shares of DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. UBS Group upgraded shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $225.00 to $260.00 in a research note on Wednesday, November 27th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $260.00 price objective on shares of DICK’S Sporting Goods in a research note on Tuesday, November 26th. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $246.10.

DICK’S Sporting Goods Stock Up 2.1 %

DKS stock traded up $4.70 during mid-day trading on Wednesday, reaching $232.29. The company had a trading volume of 360,099 shares, compared to its average volume of 860,430. The firm has a fifty day simple moving average of $212.86 and a 200 day simple moving average of $212.89. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. The company has a market capitalization of $18.93 billion, a price-to-earnings ratio of 16.60, a price-to-earnings-growth ratio of 2.52 and a beta of 1.58. DICK’S Sporting Goods has a fifty-two week low of $137.44 and a fifty-two week high of $239.30.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.07. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The business had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.03 billion. During the same period in the previous year, the company earned $2.85 EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis. Analysts forecast that DICK’S Sporting Goods will post 13.88 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Lawrence J. Schorr sold 7,333 shares of DICK’S Sporting Goods 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 transaction, the director now owns 50,997 shares in the company, valued at approximately $11,808,355.35. This trade represents a 12.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 32.03% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On DICK’S Sporting Goods

Several hedge funds have recently modified their holdings of DKS. Acadian Asset Management LLC bought a new position in shares of DICK’S Sporting Goods during the second quarter worth about $2,716,000. Quest Partners LLC bought a new position in shares of DICK’S Sporting Goods in the 2nd quarter worth about $92,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of DICK’S Sporting Goods during the 2nd quarter valued at about $79,000. Prudential PLC acquired a new position in shares of DICK’S Sporting Goods during the second quarter valued at $423,000. Finally, Choreo LLC acquired a new position in DICK’S Sporting Goods during the 2nd quarter valued at about $288,000. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

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.