DICK’S Sporting Goods (NYSE:DKS) Given Outperform Rating at Telsey Advisory Group

Telsey Advisory Group reaffirmed their outperform rating on shares of DICK’S Sporting Goods (NYSE:DKS) in a research note published on Friday morning,Benzinga reports. The brokerage currently has a $260.00 target price on the sporting goods retailer’s stock.

DKS has been the subject of a number of other research reports. Wedbush reaffirmed a “neutral” rating and issued a $215.00 price objective on shares of DICK’S Sporting Goods in a research note on Thursday. Morgan Stanley upped their price objective on DICK’S Sporting Goods from $245.00 to $255.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. UBS Group raised DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $225.00 to $260.00 in a research note on Wednesday, November 27th. TD Cowen boosted their target price 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. Finally, Loop Capital boosted their target price 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. Eight analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $248.09.

DICK’S Sporting Goods Stock Performance

NYSE DKS opened at $214.48 on Friday. The firm 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 company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. The business has a 50-day moving average price of $232.16 and a 200-day moving average price of $219.62. DICK’S Sporting Goods has a twelve month low of $178.21 and a twelve month high of $254.60.

Insider Buying and Selling

In other DICK’S Sporting Goods news, Chairman Edward W. Stack sold 160,600 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $229.25, for a total transaction of $36,817,550.00. Following the sale, the chairman now owns 8,362,128 shares of the company’s stock, valued at approximately $1,917,017,844. This trade represents a 1.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lawrence J. Schorr sold 7,333 shares of the stock in a transaction on Thursday, January 2nd. The shares were 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 in the company, valued at $11,808,355.35. This trade represents a 12.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 172,933 shares of company stock valued at $39,655,456 over the last quarter. 32.03% of the stock is owned by corporate insiders.

Institutional Trading of DICK’S Sporting Goods

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Greenleaf Trust lifted its holdings 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 valued at $394,000 after purchasing an additional 50 shares during the last quarter. Independent Advisor Alliance lifted its holdings 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 valued at $235,000 after purchasing an additional 53 shares during the last quarter. CIBC Asset Management Inc lifted its holdings 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 valued at $675,000 after purchasing an additional 54 shares during the last quarter. Atria Wealth Solutions Inc. lifted its holdings in shares of DICK’S Sporting Goods by 2.2% during the 4th quarter. Atria Wealth Solutions Inc. now owns 2,521 shares of the sporting goods retailer’s stock valued at $577,000 after purchasing an additional 54 shares during the last quarter. Finally, EP Wealth Advisors LLC lifted its holdings in shares of DICK’S Sporting Goods by 5.9% during the 4th quarter. EP Wealth Advisors LLC now owns 1,016 shares of the sporting goods retailer’s stock valued at $232,000 after purchasing an additional 57 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

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.