Telsey Advisory Group Reaffirms “Outperform” Rating for DICK’S Sporting Goods (NYSE:DKS)

DICK’S Sporting Goods (NYSE:DKS)‘s stock had its “outperform” rating reissued by research analysts at Telsey Advisory Group in a note issued to investors on Monday,Benzinga reports. They presently have a $255.00 target price on the sporting goods retailer’s stock. Telsey Advisory Group’s price objective indicates a potential upside of 15.63% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. UBS Group lifted their price target on DICK’S Sporting Goods from $225.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Bank of America reduced their price target on shares of DICK’S Sporting Goods from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Tuesday, June 24th. Robert W. Baird decreased their target price on DICK’S Sporting Goods from $230.00 to $185.00 and set a “neutral” rating for the company in a research report on Friday, May 16th. Morgan Stanley lifted their target price on shares of DICK’S Sporting Goods from $232.00 to $253.00 and gave the stock an “overweight” rating in a research note on Friday, August 29th. Finally, Loop Capital set a $215.00 target price on DICK’S Sporting Goods and gave the stock a “hold” rating in a research note on Wednesday, July 30th. Ten investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $235.83.

DICK’S Sporting Goods Stock Down 1.5%

Shares of NYSE DKS opened at $220.53 on Monday. The firm has a market cap of $17.66 billion, a PE ratio of 15.40, a P/E/G ratio of 3.21 and a beta of 1.02. The company’s fifty day simple moving average is $215.40 and its 200 day simple moving average is $199.63. The company has a quick ratio of 0.55, a current ratio of 1.70 and a debt-to-equity ratio of 0.44. DICK’S Sporting Goods has a 12-month low of $166.37 and a 12-month high of $254.60.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Thursday, August 28th. The sporting goods retailer reported $4.38 EPS for the quarter, beating the consensus estimate of $4.30 by $0.08. The company had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.61 billion. DICK’S Sporting Goods had a return on equity of 36.54% and a net margin of 8.52%.The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the business posted $4.37 EPS. DICK’S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. As a group, sell-side analysts forecast that DICK’S Sporting Goods will post 13.89 earnings per share for the current fiscal year.

Insider Activity at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, CEO Lauren R. Hobart sold 40,166 shares of the company’s stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $204.58, for a total transaction of $8,217,160.28. Following the completion of the transaction, the chief executive officer owned 299,990 shares of the company’s stock, valued at $61,371,954.20. This represents a 11.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Navdeep Gupta sold 13,334 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $225.00, for a total value of $3,000,150.00. Following the transaction, the executive vice president owned 74,444 shares of the company’s stock, valued at approximately $16,749,900. This represents a 15.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 69,200 shares of company stock worth $14,462,923 over the last 90 days. 32.55% of the stock is owned by insiders.

Hedge Funds Weigh In On DICK’S Sporting Goods

A number of institutional investors have recently added to or reduced their stakes in the company. Park Square Financial Group LLC purchased a new position in DICK’S Sporting Goods during the 4th quarter valued at about $27,000. Private Trust Co. NA raised its holdings in shares of DICK’S Sporting Goods by 54.1% during the first quarter. Private Trust Co. NA now owns 188 shares of the sporting goods retailer’s stock valued at $38,000 after purchasing an additional 66 shares during the last quarter. Atlantic Union Bankshares Corp bought a new position in shares of DICK’S Sporting Goods during the 2nd quarter valued at $40,000. Golden State Wealth Management LLC boosted its position in DICK’S Sporting Goods by 1,435.7% in the first quarter. Golden State Wealth Management LLC now owns 215 shares of the sporting goods retailer’s stock worth $43,000 after purchasing an additional 201 shares during the last quarter. Finally, Bessemer Group Inc. grew its position in DICK’S Sporting Goods by 49.3% during the first quarter. Bessemer Group Inc. now owns 218 shares of the sporting goods retailer’s stock valued at $44,000 after buying an additional 72 shares during the period. Institutional investors own 89.83% of the company’s stock.

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.