Wedbush Reaffirms Neutral Rating for DICK’S Sporting Goods (NYSE:DKS)

DICK’S Sporting Goods (NYSE:DKS)‘s stock had its “neutral” rating reaffirmed by stock analysts at Wedbush in a research note issued on Thursday,Benzinga reports. They presently have a $215.00 target price on the sporting goods retailer’s stock. Wedbush’s price objective would suggest a potential downside of 0.80% from the stock’s current price.

A number of other equities research analysts have also commented on DKS. Loop Capital raised their price target on DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “hold” rating in a research report on Wednesday, November 27th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $260.00 price target on shares of DICK’S Sporting Goods in a research report on Tuesday, November 26th. TD Cowen raised their price target on DICK’S Sporting Goods from $270.00 to $294.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. UBS Group raised DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and lifted their target price for the company from $225.00 to $260.00 in a research report on Wednesday, November 27th. Finally, Morgan Stanley lifted their target price on DICK’S Sporting Goods from $245.00 to $255.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Eight analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $248.09.

DICK’S Sporting Goods Trading Up 2.2 %

NYSE:DKS opened at $216.74 on Thursday. DICK’S Sporting Goods has a 1-year low of $178.21 and a 1-year high of $254.60. The business’s 50-day moving average price is $232.73 and its two-hundred day moving average price is $219.67. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $17.66 billion, a price-to-earnings ratio of 15.49, a PEG ratio of 2.47 and a beta of 1.57.

Insider Transactions at DICK’S Sporting Goods

In related news, EVP Julie Lodge-Jarrett sold 5,000 shares of DICK’S Sporting Goods stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $227.99, for a total transaction of $1,139,950.00. Following the completion of the sale, the executive vice president now directly owns 16,504 shares of the company’s stock, valued at approximately $3,762,746.96. This trade represents a 23.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Lawrence J. Schorr sold 7,333 shares of DICK’S Sporting Goods stock in a transaction that occurred 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 sale, the director now directly owns 50,997 shares of the company’s stock, valued at approximately $11,808,355.35. The trade was a 12.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 172,933 shares of company stock worth $39,655,456. 32.03% of the stock is owned by company insiders.

Institutional Trading of DICK’S Sporting Goods

Several hedge funds have recently added to or reduced their stakes in the company. Kerusso Capital Management LLC acquired a new position in DICK’S Sporting Goods in the 3rd quarter valued at $1,554,000. National Pension Service acquired a new position in DICK’S Sporting Goods in the 3rd quarter valued at $4,195,000. Marion Wealth Management acquired a new position in DICK’S Sporting Goods in the 4th quarter valued at $545,000. Strategy Asset Managers LLC acquired a new position in DICK’S Sporting Goods in the 3rd quarter valued at $4,325,000. Finally, Argus Investors Counsel Inc. acquired a new position in DICK’S Sporting Goods in the 4th quarter valued at $257,000. 89.83% of the stock is owned by institutional investors and hedge funds.

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.