Loop Capital Lowers DICK’S Sporting Goods (NYSE:DKS) Price Target to $135.00

DICK’S Sporting Goods (NYSE:DKS – Get Rating) had its target price cut by equities researchers at Loop Capital from $150.00 to $135.00 in a report issued on Wednesday, The Fly reports. Loop Capital’s price objective indicates a potential upside of 10.33% from the stock’s previous close.

Several other analysts have also recently issued reports on DKS. Bank of America upped their price target on shares of DICK’S Sporting Goods from $145.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, March 8th. Oppenheimer increased their target price on shares of DICK’S Sporting Goods from $138.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, March 8th. Citigroup dropped their target price on shares of DICK’S Sporting Goods from $144.00 to $135.00 in a report on Wednesday. JPMorgan Chase & Co. increased their target price on shares of DICK’S Sporting Goods from $125.00 to $148.00 and gave the stock a “neutral” rating in a report on Wednesday, March 8th. Finally, Barclays increased their target price on shares of DICK’S Sporting Goods from $139.00 to $174.00 and gave the stock an “overweight” rating in a report on Wednesday, March 8th. Nine equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, DICK’S Sporting Goods currently has a consensus rating of “Moderate Buy” and an average target price of $156.43.

DICK’S Sporting Goods Stock Performance

NYSE:DKS opened at $122.36 on Wednesday. The firm has a 50 day simple moving average of $139.39 and a 200-day simple moving average of $129.17. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.96 and a quick ratio of 0.81. The firm has a market cap of $10.48 billion, a PE ratio of 10.46, a P/E/G ratio of 1.71 and a beta of 1.44. DICK’S Sporting Goods has a 1-year low of $70.21 and a 1-year high of $152.61.

DICK’S Sporting Goods (NYSE:DKS – Get Rating) last released its quarterly earnings data on Tuesday, May 23rd. The sporting goods retailer reported $3.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.18. DICK’S Sporting Goods had a net margin of 8.69% and a return on equity of 45.52%. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same period in the previous year, the firm earned $2.85 earnings per share. DICK’S Sporting Goods’s revenue for the quarter was up 5.3% on a year-over-year basis. On average, equities analysts expect that DICK’S Sporting Goods will post 13.45 EPS for the current year.

Insider Buying and Selling

In related news, SVP John Edward Hayes III sold 6,592 shares of the stock in a transaction that occurred on Friday, March 24th. The stock was sold at an average price of $138.00, for a total value of $909,696.00. Following the transaction, the senior vice president now owns 21,965 shares in the company, valued at $3,031,170. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other DICK’S Sporting Goods news, SVP John Edward Hayes III sold 6,592 shares of the stock in a transaction that occurred on Friday, March 24th. The stock was sold at an average price of $138.00, for a total transaction of $909,696.00. Following the transaction, the senior vice president now owns 21,965 shares in the company, valued at $3,031,170. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Lauren R. Hobart sold 83,392 shares of the stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of $145.21, for a total value of $12,109,352.32. Following the transaction, the chief executive officer now owns 233,269 shares in the company, valued at approximately $33,872,991.49. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 285,382 shares of company stock worth $41,042,070. Insiders own 30.79% of the company’s stock.

Institutional Investors Weigh In On DICK’S Sporting Goods

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Teza Capital Management LLC bought a new position in DICK’S Sporting Goods in the third quarter worth $222,000. Allianz Asset Management GmbH lifted its position in DICK’S Sporting Goods by 12.8% in the third quarter. Allianz Asset Management GmbH now owns 58,582 shares of the sporting goods retailer’s stock worth $6,130,000 after purchasing an additional 6,632 shares during the period. Signature Estate & Investment Advisors LLC lifted its position in DICK’S Sporting Goods by 0.8% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 20,558 shares of the sporting goods retailer’s stock worth $2,473,000 after purchasing an additional 169 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in DICK’S Sporting Goods by 168.6% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 41,380 shares of the sporting goods retailer’s stock worth $4,978,000 after purchasing an additional 25,972 shares during the period. Finally, Eagle Strategies LLC bought a new position in DICK’S Sporting Goods in the fourth quarter worth $393,000. Institutional investors and hedge funds own 75.08% of the company’s stock.

DICK’S Sporting Goods Company Profile

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Dick’s Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.