Telsey Advisory Group Reaffirms Outperform Rating for DICK'S Sporting Goods (NYSE:DKS)

DICK'S Sporting Goods (NYSE:DKS - Get Free Report)'s stock had its "outperform" rating restated by analysts at Telsey Advisory Group in a report released on Friday,Benzinga reports. They currently have a $260.00 price target on the sporting goods retailer's stock. Telsey Advisory Group's price target indicates a potential upside of 21.23% from the stock's current price.

A number of other research firms also recently issued reports on DKS. TD Cowen increased their price target on DICK'S Sporting Goods from $270.00 to $294.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. UBS Group raised DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and increased their price target for the stock from $225.00 to $260.00 in a research report on Wednesday, November 27th. Morgan Stanley increased their price target on DICK'S Sporting Goods from $245.00 to $255.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. Loop Capital increased their price target on DICK'S Sporting Goods from $220.00 to $225.00 and gave the stock a "hold" rating in a research report on Wednesday, November 27th. Finally, Wedbush reaffirmed a "neutral" rating and set a $215.00 price objective on shares of DICK'S Sporting Goods in a research report on Thursday. Eight investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $248.09.

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DICK'S Sporting Goods Stock Down 0.1 %

Shares of DKS traded down $0.21 during midday trading on Friday, reaching $214.48. 2,015,444 shares of the stock were exchanged, compared to its average volume of 1,077,740. DICK'S Sporting Goods has a 52 week low of $178.21 and a 52 week high of $254.60. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. The company's 50 day moving average is $231.77 and its two-hundred day moving average is $219.50. The company has a market capitalization of $17.47 billion, a P/E ratio of 15.33, a PEG ratio of 2.47 and a beta of 1.53.

Insider Transactions at DICK'S Sporting Goods

In other news, Chairman Edward W. Stack sold 160,600 shares of the firm'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 completion of the transaction, the chairman now directly owns 8,362,128 shares in the company, valued at $1,917,017,844. This trade represents a 1.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the firm's stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $227.99, for a total value of $1,139,950.00. Following the completion of the transaction, the executive vice president now owns 16,504 shares of the company's stock, valued at approximately $3,762,746.96. The trade was a 23.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 172,933 shares of company stock worth $39,655,456 over the last three months. 32.03% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DKS. US Bancorp DE raised its position in DICK'S Sporting Goods by 3.4% during the third quarter. US Bancorp DE now owns 4,879 shares of the sporting goods retailer's stock valued at $1,018,000 after acquiring an additional 162 shares in the last quarter. Janney Montgomery Scott LLC raised its position in DICK'S Sporting Goods by 7.8% during the third quarter. Janney Montgomery Scott LLC now owns 16,977 shares of the sporting goods retailer's stock valued at $3,543,000 after acquiring an additional 1,230 shares in the last quarter. Van ECK Associates Corp raised its position in DICK'S Sporting Goods by 10.2% during the third quarter. Van ECK Associates Corp now owns 11,928 shares of the sporting goods retailer's stock valued at $2,454,000 after acquiring an additional 1,105 shares in the last quarter. National Pension Service purchased a new position in DICK'S Sporting Goods during the third quarter valued at approximately $4,195,000. Finally, Asset Management One Co. Ltd. raised its position in DICK'S Sporting Goods by 10.9% during the third quarter. Asset Management One Co. Ltd. now owns 26,861 shares of the sporting goods retailer's stock valued at $5,606,000 after acquiring an additional 2,630 shares in the last quarter. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

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.