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

DICK’S Sporting Goods (NYSE:DKS)‘s stock had its “outperform” rating reissued by equities research analysts at Telsey Advisory Group in a research report issued on Monday,Benzinga reports. They currently have a $245.00 price target on the sporting goods retailer’s stock. Telsey Advisory Group’s target price would indicate a potential upside of 24.69% from the stock’s previous close.

Other equities analysts have also issued reports about the company. UBS Group reaffirmed a “buy” rating on shares of DICK’S Sporting Goods in a report on Tuesday, March 3rd. TD Cowen reissued a “hold” rating on shares of DICK’S Sporting Goods in a report on Wednesday, November 26th. Wall Street Zen upgraded DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a research note on Sunday, January 25th. The Goldman Sachs Group reiterated a “buy” rating on shares of DICK’S Sporting Goods in a research report on Monday, January 5th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of DICK’S Sporting Goods in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, DICK’S Sporting Goods presently has an average rating of “Moderate Buy” and an average target price of $238.37.

DICK’S Sporting Goods Stock Performance

DICK’S Sporting Goods stock traded down $0.76 during mid-day trading on Monday, reaching $196.49. The company’s stock had a trading volume of 1,229,821 shares, compared to its average volume of 1,127,970. The firm’s fifty day moving average price is $206.39 and its two-hundred day moving average price is $215.13. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 1.57. DICK’S Sporting Goods has a 12-month low of $166.37 and a 12-month high of $237.31. The company has a market capitalization of $17.68 billion, a P/E ratio of 15.79, a PEG ratio of 2.56 and a beta of 1.23.

Institutional Investors Weigh In On DICK’S Sporting Goods

Institutional investors have recently made changes to their positions in the business. Guggenheim Capital LLC raised its position in DICK’S Sporting Goods by 0.4% in the 2nd quarter. Guggenheim Capital LLC now owns 11,829 shares of the sporting goods retailer’s stock worth $2,340,000 after purchasing an additional 46 shares during the period. Clearstead Advisors LLC grew its stake in shares of DICK’S Sporting Goods by 46.9% during the third quarter. Clearstead Advisors LLC now owns 144 shares of the sporting goods retailer’s stock valued at $32,000 after buying an additional 46 shares during the last quarter. Jacobi Capital Management LLC increased its holdings in shares of DICK’S Sporting Goods by 4.5% in the fourth quarter. Jacobi Capital Management LLC now owns 1,189 shares of the sporting goods retailer’s stock worth $235,000 after buying an additional 51 shares during the period. Lido Advisors LLC lifted its stake in shares of DICK’S Sporting Goods by 3.9% in the 3rd quarter. Lido Advisors LLC now owns 1,358 shares of the sporting goods retailer’s stock valued at $302,000 after acquiring an additional 51 shares during the last quarter. Finally, Bath Savings Trust Co lifted its stake in shares of DICK’S Sporting Goods by 0.4% in the 4th quarter. Bath Savings Trust Co now owns 12,366 shares of the sporting goods retailer’s stock valued at $2,448,000 after acquiring an additional 53 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

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.