Analysts Set DICK'S Sporting Goods, Inc. (NYSE:DKS) Target Price at $248.09

Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Get Free Report) have been given a consensus rating of "Moderate Buy" by the twenty-two brokerages that are currently covering the company, MarketBeat reports. Eight research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $248.09.

Several brokerages have commented on DKS. Morgan Stanley raised their target price on shares of DICK'S Sporting Goods from $245.00 to $255.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. TD Cowen lifted their price objective on shares of DICK'S Sporting Goods from $270.00 to $294.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. Truist Financial lifted their price objective on shares of DICK'S Sporting Goods from $256.00 to $258.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Telsey Advisory Group reiterated an "outperform" rating and issued a $260.00 price objective on shares of DICK'S Sporting Goods in a report on Tuesday, November 26th. Finally, UBS Group upgraded shares of DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $225.00 to $260.00 in a report on Wednesday, November 27th.

DICK'S Sporting Goods Trading Up 2.2 %

DICK'S Sporting Goods stock traded up $4.62 during midday trading on Wednesday, hitting $216.74. 1,346,993 shares of the stock were exchanged, compared to its average volume of 1,051,283. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $17.66 billion, a PE ratio of 15.49, a P/E/G ratio of 2.47 and a beta of 1.57. The company has a fifty day simple moving average of $232.73 and a two-hundred day simple moving average of $219.67. DICK'S Sporting Goods has a 52 week low of $178.21 and a 52 week high of $254.60.

Insider Buying and Selling

In related news, Director Lawrence J. Schorr sold 7,333 shares of the company's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total transaction of $1,697,956.15. Following the completion of the sale, the director now owns 50,997 shares of the company's stock, valued at $11,808,355.35. This represents a 12.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Edward W. Stack sold 160,600 shares of the business's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $229.25, for a total value of $36,817,550.00. Following the transaction, the chairman now directly owns 8,362,128 shares of the company's stock, valued at approximately $1,917,017,844. The trade was a 1.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 172,933 shares of company stock valued at $39,655,456 over the last quarter. 32.03% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Park Square Financial Group LLC bought a new stake in DICK'S Sporting Goods in the fourth quarter valued at approximately $27,000. New Wave Wealth Advisors LLC purchased a new position in DICK'S Sporting Goods during the 4th quarter worth $28,000. Ancora Advisors LLC purchased a new position in DICK'S Sporting Goods during the 4th quarter worth $28,000. Brooklyn Investment Group bought a new stake in shares of DICK'S Sporting Goods during the 3rd quarter worth $27,000. Finally, Rialto Wealth Management LLC bought a new stake in shares of DICK'S Sporting Goods during the 4th quarter worth $30,000. Institutional investors and hedge funds own 89.83% of the company's stock.

About DICK'S Sporting Goods

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.