DICK’S Sporting Goods (NYSE:DKS) Receives “Outperform” Rating from Telsey Advisory Group

Telsey Advisory Group reaffirmed their outperform rating on shares of DICK’S Sporting Goods (NYSE:DKS) in a research report sent to investors on Monday,Benzinga reports. They currently have a $245.00 target price on the sporting goods retailer’s stock.

DKS has been the subject of several other reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of DICK’S Sporting Goods in a research report on Monday, December 29th. Robert W. Baird set a $253.00 target price on shares of DICK’S Sporting Goods in a research report on Wednesday, February 11th. TD Cowen restated a “hold” rating on shares of DICK’S Sporting Goods in a research note on Wednesday, November 26th. DA Davidson set a $260.00 price target on shares of DICK’S Sporting Goods in a report on Monday, January 12th. Finally, Barclays lowered their price objective on shares of DICK’S Sporting Goods from $246.00 to $242.00 and set an “overweight” rating for the company in a research note on Friday, November 28th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $238.37.

DICK’S Sporting Goods Trading Down 0.5%

DICK’S Sporting Goods stock opened at $196.31 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 1.57. The stock has a market cap of $17.66 billion, a PE ratio of 15.79, a price-to-earnings-growth ratio of 2.56 and a beta of 1.23. The stock has a 50-day moving average of $206.27 and a two-hundred day moving average of $214.94. DICK’S Sporting Goods has a one year low of $166.37 and a one year high of $237.31.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Rubicon Advisors GP acquired a new position in DICK’S Sporting Goods in the fourth quarter valued at approximately $396,000. Corient Private Wealth LLC grew its stake in shares of DICK’S Sporting Goods by 5.9% during the 4th quarter. Corient Private Wealth LLC now owns 7,135 shares of the sporting goods retailer’s stock worth $1,413,000 after purchasing an additional 400 shares during the period. Hsbc Holdings PLC increased its holdings in shares of DICK’S Sporting Goods by 9.3% during the 4th quarter. Hsbc Holdings PLC now owns 42,240 shares of the sporting goods retailer’s stock valued at $8,373,000 after purchasing an additional 3,589 shares in the last quarter. SHP Wealth Management purchased a new position in shares of DICK’S Sporting Goods during the 4th quarter valued at approximately $38,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of DICK’S Sporting Goods in the 4th quarter valued at $185,000. 89.83% of the stock is owned by institutional investors and hedge funds.

DICK’S Sporting Goods Company Profile

DICK’S Sporting Goods is a leading U.S.-based sporting goods retailer that sells a broad range of sports equipment, apparel, footwear and outdoor gear. The company operates an omnichannel business combining physical stores with digital sales, offering products for team sports, fitness, hunting and fishing, golf, and general active lifestyle categories. In addition to its flagship DICK’S stores, the company operates specialty formats such as Golf Galaxy and branded service offerings including team-sports sales and custom equipment solutions.

The company traces its roots to a single sporting goods outlet founded in 1948 and has since grown into a national retail chain serving customers across the United States.