DICK’S Sporting Goods (NYSE:DKS) Given New $258.00 Price Target at Truist Financial

DICK’S Sporting Goods (NYSE:DKS) had its price objective raised by investment analysts at Truist Financial from $256.00 to $258.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the sporting goods retailer’s stock. Truist Financial’s price target points to a potential upside of 20.26% from the company’s current price.

Other research analysts have also issued reports about the company. UBS Group raised DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and increased their price objective for the company from $225.00 to $260.00 in a report on Wednesday. Bank of America increased their price objective on shares of DICK’S Sporting Goods from $240.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. Robert W. Baird restated a “neutral” rating and set a $235.00 target price on shares of DICK’S Sporting Goods in a research report on Wednesday, August 28th. Barclays lifted their price objective on DICK’S Sporting Goods from $247.00 to $254.00 and gave the company an “overweight” rating in a research note on Thursday, September 5th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $260.00 target price on shares of DICK’S Sporting Goods in a research note on Tuesday. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, DICK’S Sporting Goods presently has a consensus rating of “Moderate Buy” and an average target price of $246.62.

DICK’S Sporting Goods Stock Up 1.1 %

NYSE DKS traded up $2.32 during midday trading on Wednesday, hitting $214.54. 1,004,441 shares of the company traded hands, compared to its average volume of 1,087,699. DICK’S Sporting Goods has a 52 week low of $120.39 and a 52 week high of $239.30. The company’s 50-day simple moving average is $205.76 and its 200-day simple moving average is $210.64. The company has a market cap of $17.47 billion, a PE ratio of 15.74, a price-to-earnings-growth ratio of 2.45 and a beta of 1.64. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 0.69.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.68 by $0.07. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The company had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same period last year, the firm earned $2.85 earnings per share. DICK’S Sporting Goods’s revenue was up .5% compared to the same quarter last year. As a group, equities research analysts forecast that DICK’S Sporting Goods will post 13.88 earnings per share for the current year.

Hedge Funds Weigh In On DICK’S Sporting Goods

Several hedge funds have recently added to or reduced their stakes in DKS. ICA Group Wealth Management LLC acquired a new position in DICK’S Sporting Goods during the second quarter worth approximately $28,000. Brooklyn Investment Group acquired a new position in DICK’S Sporting Goods in the 3rd quarter valued at $27,000. Innealta Capital LLC purchased a new position in DICK’S Sporting Goods during the 2nd quarter worth $31,000. ORG Partners LLC acquired a new stake in shares of DICK’S Sporting Goods in the 2nd quarter worth $30,000. Finally, ORG Wealth Partners LLC purchased a new stake in shares of DICK’S Sporting Goods in the third quarter valued at about $30,000. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Company Profile

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as an omni-channel sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and fishing gear products; apparel; and footwear and accessories.