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 reaffirmed by investment analysts at Telsey Advisory Group in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $260.00 price target on the sporting goods retailer’s stock. Telsey Advisory Group’s target price points to a potential upside of 21.67% from the company’s previous close.

Other research analysts also recently issued reports about the company. TD Cowen lifted their target price on DICK’S Sporting Goods from $266.00 to $270.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Robert W. Baird reiterated a “neutral” rating and issued a $235.00 price objective on shares of DICK’S Sporting Goods in a report on Wednesday, August 28th. UBS Group raised their target price on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. DA Davidson reaffirmed a “buy” rating and set a $265.00 target price on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Finally, JPMorgan Chase & Co. increased their price target on shares of DICK’S Sporting Goods from $211.00 to $215.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, DICK’S Sporting Goods presently has a consensus rating of “Moderate Buy” and a consensus price target of $244.95.

DICK’S Sporting Goods Stock Up 0.7 %

Shares of DKS stock opened at $213.70 on Tuesday. DICK’S Sporting Goods has a 1 year low of $120.39 and a 1 year high of $239.30. The firm has a market capitalization of $17.40 billion, a P/E ratio of 15.68, a PEG ratio of 2.45 and a beta of 1.64. The company has a current ratio of 1.77, a quick ratio of 0.69 and a debt-to-equity ratio of 0.51. The firm’s fifty day moving average price is $205.76 and its two-hundred day moving average price is $210.64.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new stake in shares of DICK’S Sporting Goods in the 3rd quarter valued at $27,000. ICA Group Wealth Management LLC bought a new position in DICK’S Sporting Goods in the second quarter valued at about $28,000. ORG Partners LLC bought a new position in DICK’S Sporting Goods in the second quarter valued at about $30,000. ORG Wealth Partners LLC acquired a new position in DICK’S Sporting Goods during the third 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. 89.83% of the stock is owned by 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.