DICK’S Sporting Goods (NYSE:DKS) PT Raised to $135.00 at Morgan Stanley

DICK’S Sporting Goods (NYSE:DKSGet Rating) had its target price raised by research analysts at Morgan Stanley from $125.00 to $135.00 in a research note issued on Wednesday, The Fly reports. The firm presently has an “overweight” rating on the sporting goods retailer’s stock. Morgan Stanley’s target price would indicate a potential upside of 13.46% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the company. Citigroup raised their price objective on DICK’S Sporting Goods from $136.00 to $143.00 and gave the company a “buy” rating in a research report on Wednesday. Barclays raised their price objective on DICK’S Sporting Goods from $125.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday. DA Davidson raised their price objective on DICK’S Sporting Goods from $130.00 to $136.00 in a research report on Wednesday. Bank of America raised their price objective on DICK’S Sporting Goods from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, August 19th. Finally, StockNews.com initiated coverage on DICK’S Sporting Goods in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Five research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, DICK’S Sporting Goods currently has an average rating of “Moderate Buy” and a consensus target price of $135.16.

DICK’S Sporting Goods Stock Performance

DKS stock opened at $118.98 on Wednesday. DICK’S Sporting Goods has a twelve month low of $63.45 and a twelve month high of $132.75. The company has a quick ratio of 0.75, a current ratio of 1.81 and a debt-to-equity ratio of 0.69. The business’s fifty day simple moving average is $110.23 and its two-hundred day simple moving average is $98.18. The firm has a market cap of $9.42 billion, a price-to-earnings ratio of 10.50, a PEG ratio of 1.98 and a beta of 1.46.

DICK’S Sporting Goods (NYSE:DKSGet Rating) last posted its quarterly earnings results on Tuesday, August 23rd. The sporting goods retailer reported $3.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.53 by $0.15. DICK’S Sporting Goods had a return on equity of 52.43% and a net margin of 9.52%. The business had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter in the prior year, the company earned $5.08 EPS. The business’s revenue was down 5.0% compared to the same quarter last year. Analysts predict that DICK’S Sporting Goods will post 11.89 earnings per share for the current year.

Hedge Funds Weigh In On DICK’S Sporting Goods

Large investors have recently made changes to their positions in the company. Symmetry Partners LLC lifted its holdings in DICK’S Sporting Goods by 1.1% in the third quarter. Symmetry Partners LLC now owns 8,648 shares of the sporting goods retailer’s stock valued at $905,000 after acquiring an additional 92 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA raised its stake in shares of DICK’S Sporting Goods by 0.5% during the 3rd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 23,629 shares of the sporting goods retailer’s stock worth $2,473,000 after buying an additional 106 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in shares of DICK’S Sporting Goods by 1.6% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 7,246 shares of the sporting goods retailer’s stock worth $546,000 after buying an additional 113 shares during the last quarter. Cullen Frost Bankers Inc. raised its stake in shares of DICK’S Sporting Goods by 26.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 630 shares of the sporting goods retailer’s stock worth $66,000 after buying an additional 130 shares during the last quarter. Finally, CPR Investments Inc. raised its stake in shares of DICK’S Sporting Goods by 2.6% during the 1st quarter. CPR Investments Inc. now owns 5,318 shares of the sporting goods retailer’s stock worth $532,000 after buying an additional 136 shares during the last quarter. 78.85% of the stock is currently owned by institutional investors and hedge funds.

DICK’S Sporting Goods Company Profile

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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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