DICK’S Sporting Goods, Inc. (NYSE:DKS) Receives $248.09 Average Price Target from Analysts

Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) have received a consensus rating of “Moderate Buy” from the twenty-two research firms that are presently covering the company, Marketbeat.com reports. Eight research analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $248.09.

Several analysts have recently weighed in on DKS shares. Wedbush reiterated a “neutral” rating and set a $215.00 target price on shares of DICK’S Sporting Goods in a research report on Thursday. Telsey Advisory Group restated an “outperform” rating and issued a $260.00 price objective on shares of DICK’S Sporting Goods in a report on Friday. Truist Financial lifted their price objective on DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Argus lifted their price objective on DICK’S Sporting Goods from $255.00 to $280.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Finally, UBS Group upgraded DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $225.00 to $260.00 in a report on Wednesday, November 27th.

Insider Buying and Selling

In other DICK’S Sporting Goods news, Chairman Edward W. Stack sold 160,600 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $229.25, for a total value of $36,817,550.00. Following the completion of the transaction, the chairman now directly owns 8,362,128 shares of the company’s stock, valued at approximately $1,917,017,844. The trade was a 1.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $227.99, for a total value of $1,139,950.00. Following the transaction, the executive vice president now directly owns 16,504 shares of the company’s stock, valued at approximately $3,762,746.96. The trade was a 23.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 172,933 shares of company stock valued at $39,655,456 over the last quarter. 32.03% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Greenleaf Trust raised its stake in shares of DICK’S Sporting Goods by 3.0% during the 4th quarter. Greenleaf Trust now owns 1,721 shares of the sporting goods retailer’s stock worth $394,000 after buying an additional 50 shares during the period. Independent Advisor Alliance raised its stake in shares of DICK’S Sporting Goods by 5.4% during the 4th quarter. Independent Advisor Alliance now owns 1,026 shares of the sporting goods retailer’s stock worth $235,000 after buying an additional 53 shares during the period. CIBC Asset Management Inc raised its stake in shares of DICK’S Sporting Goods by 1.7% during the 3rd quarter. CIBC Asset Management Inc now owns 3,232 shares of the sporting goods retailer’s stock worth $675,000 after buying an additional 54 shares during the period. Atria Wealth Solutions Inc. increased its position in shares of DICK’S Sporting Goods by 2.2% during the fourth quarter. Atria Wealth Solutions Inc. now owns 2,521 shares of the sporting goods retailer’s stock worth $577,000 after purchasing an additional 54 shares in the last quarter. Finally, EP Wealth Advisors LLC increased its position in shares of DICK’S Sporting Goods by 5.9% during the fourth quarter. EP Wealth Advisors LLC now owns 1,016 shares of the sporting goods retailer’s stock worth $232,000 after purchasing an additional 57 shares in the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

DICK’S Sporting Goods Stock Down 0.1 %

NYSE:DKS opened at $214.48 on Wednesday. DICK’S Sporting Goods has a twelve month low of $178.21 and a twelve month high of $254.60. The company has a market cap of $17.47 billion, a price-to-earnings ratio of 15.33, a price-to-earnings-growth ratio of 2.47 and a beta of 1.53. The stock has a fifty day simple moving average of $232.16 and a 200-day simple moving average of $219.62. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48.

DICK’S Sporting Goods Company Profile

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.