DICK’S Sporting Goods (NYSE:DKS) Price Target Lowered to $130.00 at Bank of America

DICK’S Sporting Goods (NYSE:DKSGet Rating) had its price target lowered by analysts at Bank of America from $160.00 to $130.00 in a research note issued on Tuesday, The Fly reports. Bank of America‘s price target indicates a potential upside of 72.71% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Barclays cut their target price on shares of DICK’S Sporting Goods from $147.00 to $134.00 in a research note on Friday, April 1st. Cowen increased their price objective on DICK’S Sporting Goods from $161.00 to $165.00 and gave the company an “outperform” rating in a research note on Wednesday, March 9th. Stephens lowered their target price on DICK’S Sporting Goods from $138.00 to $122.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 9th. Wells Fargo & Company cut their price target on DICK’S Sporting Goods from $132.00 to $122.00 and set an “equal weight” rating on the stock in a report on Thursday, March 24th. Finally, Citigroup boosted their price objective on DICK’S Sporting Goods from $161.00 to $170.00 in a research report on Wednesday, March 9th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, DICK’S Sporting Goods presently has a consensus rating of “Hold” and a consensus target price of $138.82.

DICK’S Sporting Goods stock opened at $75.27 on Tuesday. The company has a market capitalization of $6.01 billion, a PE ratio of 5.42, a price-to-earnings-growth ratio of 1.26 and a beta of 1.60. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.04 and a current ratio of 1.88. DICK’S Sporting Goods has a fifty-two week low of $73.66 and a fifty-two week high of $147.39. The firm has a 50 day moving average price of $99.95 and a 200 day moving average price of $108.98.

DICK’S Sporting Goods (NYSE:DKSGet Rating) last posted its quarterly earnings data on Tuesday, March 8th. The sporting goods retailer reported $3.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.54 by $0.10. DICK’S Sporting Goods had a return on equity of 60.28% and a net margin of 12.36%. The firm had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same quarter in the previous year, the business earned $2.43 EPS. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. As a group, equities research analysts forecast that DICK’S Sporting Goods will post 12.6 earnings per share for the current year.

In other DICK’S Sporting Goods news, EVP Lee J. Belitsky sold 36,473 shares of the business’s stock in a transaction on Thursday, March 17th. The shares were sold at an average price of $111.25, for a total transaction of $4,057,621.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Julie Lodge-Jarrett sold 9,139 shares of the stock in a transaction dated Tuesday, March 15th. The shares were sold at an average price of $109.02, for a total transaction of $996,333.78. The disclosure for this sale can be found here. Insiders have sold a total of 190,886 shares of company stock worth $20,211,002 in the last quarter. 32.83% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the business. Pinnacle Holdings LLC purchased a new position in shares of DICK’S Sporting Goods in the third quarter valued at $31,000. Fifth Third Bancorp lifted its holdings in shares of DICK’S Sporting Goods by 62.0% in the first quarter. Fifth Third Bancorp now owns 264 shares of the sporting goods retailer’s stock valued at $26,000 after purchasing an additional 101 shares in the last quarter. Missouri Trust & Investment Co acquired a new stake in shares of DICK’S Sporting Goods in the fourth quarter valued at approximately $34,000. Huntington National Bank increased 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 in the last quarter. Finally, Sageworth Trust Co of South Dakota acquired a new position in shares of DICK’S Sporting Goods during the 4th quarter worth approximately $44,000. 78.92% of the stock is currently owned by institutional investors.

DICK’S Sporting Goods Company Profile (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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