DICK’S Sporting Goods (NYSE:DKS) PT Lowered to $85.00 at Robert W. Baird

DICK’S Sporting Goods (NYSE:DKS – Get Rating) had its price target cut by equities researchers at Robert W. Baird from $115.00 to $85.00 in a research note issued to investors on Wednesday, The Fly reports. Robert W. Baird’s price target suggests a potential upside of 8.28% from the company’s current price.

A number of other analysts also recently commented on the stock. Truist Financial boosted their target price on shares of DICK’S Sporting Goods from $168.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, March 9th. Wells Fargo & Company decreased their target price on shares of DICK’S Sporting Goods from $132.00 to $122.00 and set an “equal weight” rating for the company in a research report on Thursday, March 24th. StockNews.com began coverage on shares of DICK’S Sporting Goods in a research note on Thursday, March 31st. They set a “hold” rating for the company. Stephens cut their target price on shares of 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. Finally, Zacks Investment Research lowered shares of DICK’S Sporting Goods from a “buy” rating to a “hold” rating and set a $108.00 target price on the stock. in a report on Monday, May 2nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $135.59.

Shares of DKS stock traded up $7.26 during midday trading on Wednesday, reaching $78.50. 979,070 shares of the company were exchanged, compared to its average volume of 1,874,205. DICK’S Sporting Goods has a 12 month low of $69.65 and a 12 month high of $147.39. The company has a market cap of $6.27 billion, a P/E ratio of 5.66, a PEG ratio of 1.26 and a beta of 1.60. The company’s 50 day moving average price is $99.15 and its two-hundred day moving average price is $108.57. 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 (NYSE:DKS – Get Rating) last released its earnings results on Wednesday, May 25th. The sporting goods retailer reported $2.85 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.43. DICK’S Sporting Goods had a net margin of 12.36% and a return on equity of 60.28%. The business had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.63 billion. During the same period in the previous year, the firm earned $3.79 EPS. The business’s revenue for the quarter was down 7.5% on a year-over-year basis. As a group, sell-side analysts predict that DICK’S Sporting Goods will post 12.6 earnings per share for the current year.

In other news, EVP Donald J. Germano sold 23,961 shares of DICK’S Sporting Goods stock in a transaction on Tuesday, March 29th. The stock was sold at an average price of $110.33, for a total transaction of $2,643,617.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Julie Lodge-Jarrett sold 9,139 shares of DICK’S Sporting Goods stock in a transaction on Tuesday, March 15th. The stock was sold at an average price of $109.02, for a total value 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 valued at $20,211,002 in the last ninety days. Insiders own 32.83% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its position in shares of DICK’S Sporting Goods by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 2,171,797 shares of the sporting goods retailer’s stock worth $260,155,000 after purchasing an additional 17,713 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in DICK’S Sporting Goods by 13.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,554,136 shares of the sporting goods retailer’s stock worth $186,139,000 after purchasing an additional 186,174 shares in the last quarter. FMR LLC lifted its holdings in DICK’S Sporting Goods by 32.4% during the 1st quarter. FMR LLC now owns 1,431,090 shares of the sporting goods retailer’s stock worth $52,679,000 after purchasing an additional 350,515 shares in the last quarter. HS Management Partners LLC raised its holdings in shares of DICK’S Sporting Goods by 368.8% in the 1st quarter. HS Management Partners LLC now owns 1,418,366 shares of the sporting goods retailer’s stock valued at $141,865,000 after acquiring an additional 1,115,841 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of DICK’S Sporting Goods by 17.0% in the 4th quarter. Geode Capital Management LLC now owns 1,088,733 shares of the sporting goods retailer’s stock valued at $125,197,000 after acquiring an additional 158,201 shares in the last quarter. Institutional investors and hedge funds own 78.92% of the company’s stock.

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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