DICK’S Sporting Goods (NYSE:DKS) Downgraded to Positive at OTR Global

DICK’S Sporting Goods (NYSE:DKSGet Rating) was downgraded by OTR Global to a “positive” rating in a note issued to investors on Wednesday, The Fly reports.

Several other research firms also recently weighed in on DKS. DA Davidson decreased their price target on shares of DICK’S Sporting Goods from $165.00 to $147.00 in a research report on Wednesday, March 9th. Barclays decreased their price target on shares of DICK’S Sporting Goods from $147.00 to $134.00 in a research report on Friday, April 1st. Citigroup increased their price target on shares of DICK’S Sporting Goods from $161.00 to $170.00 in a research report on Wednesday, March 9th. Truist Financial increased their price target on shares of DICK’S Sporting Goods from $168.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, March 9th. Finally, Zacks Investment Research downgraded shares of DICK’S Sporting Goods from a “buy” rating to a “hold” rating and set a $108.00 price target on the stock. in a research report on Monday, May 2nd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $137.11.

DICK’S Sporting Goods stock traded down $10.88 during midday trading on Wednesday, reaching $81.59. 132,779 shares of the company traded hands, compared to its average volume of 1,405,187. The firm has a market capitalization of $6.51 billion, a price-to-earnings ratio of 5.96, a price-to-earnings-growth ratio of 1.43 and a beta of 1.59. The business has a 50 day moving average of $102.44 and a two-hundred day moving average of $110.35. DICK’S Sporting Goods has a 12 month low of $82.81 and a 12 month high of $147.39. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.88 and a quick ratio of 1.04.

DICK’S Sporting Goods (NYSE:DKSGet Rating) last issued its quarterly earnings data on Tuesday, March 8th. The sporting goods retailer reported $3.64 earnings per share for the quarter, beating analysts’ consensus estimates of $3.54 by $0.10. The company had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.31 billion. DICK’S Sporting Goods had a net margin of 12.36% and a return on equity of 60.28%. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.43 earnings per share. As a group, equities analysts forecast that DICK’S Sporting Goods will post 12.62 EPS for the current year.

In other DICK’S Sporting Goods news, EVP Lee J. Belitsky sold 36,473 shares of DICK’S Sporting Goods stock in a transaction on Thursday, March 17th. The shares were sold at an average price of $111.25, for a total value of $4,057,621.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Navdeep Gupta sold 9,614 shares of DICK’S Sporting Goods stock in a transaction on Friday, April 8th. The stock was sold at an average price of $104.13, for a total transaction of $1,001,105.82. Following the completion of the transaction, the chief financial officer now directly owns 95,272 shares of the company’s stock, valued at $9,920,673.36. The disclosure for this sale can be found here. Insiders have sold 190,886 shares of company stock valued at $20,211,002 over the last ninety days. 32.83% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the business. Fifth Third Bancorp grew its stake in shares of DICK’S Sporting Goods by 62.0% in the 1st quarter. Fifth Third Bancorp now owns 264 shares of the sporting goods retailer’s stock worth $26,000 after buying an additional 101 shares in the last quarter. Pinnacle Holdings LLC purchased a new position in shares of DICK’S Sporting Goods during the 3rd quarter worth about $31,000. Missouri Trust & Investment Co purchased a new position in shares of DICK’S Sporting Goods during the 4th quarter worth about $34,000. Huntington National Bank boosted its stake in shares of DICK’S Sporting Goods by 36,600.0% during the 1st quarter. Huntington National Bank now owns 367 shares of the sporting goods retailer’s stock worth $37,000 after purchasing an additional 366 shares during the period. Finally, Sageworth Trust Co of South Dakota purchased a new position in shares of DICK’S Sporting Goods during the 4th quarter worth about $44,000. 78.92% of the stock is owned by institutional investors and hedge funds.

About DICK’S Sporting Goods (Get Rating)

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the eastern United States. The company provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.

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