DICK’S Sporting Goods (NYSE:DKS – Get 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.
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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