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 reiterated by Telsey Advisory Group in a research report issued on Tuesday,Benzinga reports. They currently have a $260.00 price target on the sporting goods retailer’s stock. Telsey Advisory Group’s price objective points to a potential upside of 20.37% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Robert W. Baird restated a “neutral” rating and issued a $235.00 price objective on shares of DICK’S Sporting Goods in a research report on Wednesday, August 28th. Citigroup cut their price target on shares of DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Wedbush reaffirmed a “neutral” rating and issued a $250.00 price target on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. JPMorgan Chase & Co. lifted their price objective on DICK’S Sporting Goods from $211.00 to $215.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Finally, Evercore ISI restated an “outperform” rating and issued a $280.00 target price on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, DICK’S Sporting Goods currently has a consensus rating of “Moderate Buy” and an average price target of $244.62.

DICK’S Sporting Goods Stock Performance

DICK’S Sporting Goods stock traded up $0.77 during mid-day trading on Tuesday, reaching $216.00. The company’s stock had a trading volume of 2,396,619 shares, compared to its average volume of 1,081,712. The firm’s fifty day moving average price is $205.78 and its two-hundred day moving average price is $210.53. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.69 and a current ratio of 1.77. DICK’S Sporting Goods has a 12-month low of $119.84 and a 12-month high of $239.30. The company has a market capitalization of $17.59 billion, a P/E ratio of 15.85, a PEG ratio of 2.39 and a beta of 1.64.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $0.07. The firm had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.03 billion. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The business’s revenue for the quarter was up .5% on a year-over-year basis. During the same period last year, the company earned $2.85 earnings per share. Sell-side analysts predict that DICK’S Sporting Goods will post 13.88 EPS for the current fiscal year.

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 company. Renaissance Technologies LLC lifted its holdings in DICK’S Sporting Goods by 51.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,106,341 shares of the sporting goods retailer’s stock worth $237,697,000 after buying an additional 375,600 shares during the period. Holocene Advisors LP bought a new position in shares of DICK’S Sporting Goods during the third quarter valued at approximately $70,562,000. KBC Group NV lifted its stake in DICK’S Sporting Goods by 887.3% in the third quarter. KBC Group NV now owns 250,374 shares of the sporting goods retailer’s stock worth $52,253,000 after acquiring an additional 225,015 shares during the period. International Assets Investment Management LLC boosted its holdings in DICK’S Sporting Goods by 19,851.3% in the third quarter. International Assets Investment Management LLC now owns 208,491 shares of the sporting goods retailer’s stock valued at $43,512,000 after acquiring an additional 207,446 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in DICK’S Sporting Goods by 1,718.2% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 200,000 shares of the sporting goods retailer’s stock valued at $41,740,000 after purchasing an additional 189,000 shares during the period. 89.83% of the stock is currently owned by institutional investors.

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.