Loop Capital Lowers DICK'S Sporting Goods (NYSE:DKS) Price Target to $195.00

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) had its target price dropped by stock analysts at Loop Capital from $240.00 to $195.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a "hold" rating on the sporting goods retailer's stock. Loop Capital's price target would suggest a potential upside of 4.45% from the company's current price.

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DKS has been the topic of a number of other research reports. Citigroup restated a "neutral" rating and set a $220.00 price objective (down previously from $230.00) on shares of DICK'S Sporting Goods in a research report on Wednesday. Morgan Stanley boosted their price target on DICK'S Sporting Goods from $245.00 to $255.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. Robert W. Baird dropped their price objective on shares of DICK'S Sporting Goods from $235.00 to $230.00 and set a "neutral" rating for the company in a report on Wednesday. TD Cowen upped their price target on shares of DICK'S Sporting Goods from $270.00 to $294.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. Finally, Truist Financial set a $245.00 price objective on shares of DICK'S Sporting Goods in a research note on Tuesday. Nine investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, DICK'S Sporting Goods presently has a consensus rating of "Moderate Buy" and an average price target of $245.55.

View Our Latest Research Report on DICK'S Sporting Goods

DICK'S Sporting Goods Price Performance

• Retail Trends Spark Analyst Upgrades for DICK's Sporting Goods

NYSE DKS traded down $8.48 during trading on Thursday, hitting $186.69. 1,618,467 shares of the company's stock were exchanged, compared to its average volume of 1,201,442. The stock's 50 day moving average price is $230.08 and its two-hundred day moving average price is $218.77. DICK'S Sporting Goods has a fifty-two week low of $182.84 and a fifty-two 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 has a market cap of $15.21 billion, a PE ratio of 13.34, a P/E/G ratio of 2.47 and a beta of 1.53.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its quarterly earnings data on Tuesday, March 11th. The sporting goods retailer reported $3.62 EPS for the quarter, beating the consensus estimate of $3.47 by $0.15. The business had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.76 billion. DICK'S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The firm's revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.85 EPS. Research analysts expect that DICK'S Sporting Goods will post 13.89 EPS for the current year.

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DICK'S Sporting Goods announced that its Board of Directors has approved a share repurchase plan on Tuesday, March 11th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the sporting goods retailer to repurchase up to 18.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling

In other DICK'S Sporting Goods news, Director Lawrence J. Schorr sold 7,333 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The stock was 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 directly owns 50,997 shares of the company's stock, valued at approximately $11,808,355.35. The trade was a 12.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the stock in a transaction on Friday, January 17th. The shares were sold at an average price of $227.99, for a total value of $1,139,950.00. Following the completion of the sale, the executive vice president now directly owns 16,504 shares of the company's stock, valued at $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. In the last three months, insiders have sold 172,933 shares of company stock valued at $39,655,456. 32.03% of the stock is owned by company insiders.

Institutional Trading of DICK'S Sporting Goods

Institutional investors have recently made changes to their positions in the company. Greenleaf Trust increased its position in shares of DICK'S Sporting Goods by 3.0% during the fourth quarter. Greenleaf Trust now owns 1,721 shares of the sporting goods retailer's stock valued at $394,000 after acquiring an additional 50 shares during the last quarter. Independent Advisor Alliance increased its position in shares of DICK'S Sporting Goods by 5.4% during the 4th quarter. Independent Advisor Alliance now owns 1,026 shares of the sporting goods retailer's stock valued at $235,000 after purchasing an additional 53 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of DICK'S Sporting Goods by 1.7% during the 3rd quarter. CIBC Asset Management Inc now owns 3,232 shares of the sporting goods retailer's stock valued at $675,000 after purchasing an additional 54 shares during the last quarter. Atria Wealth Solutions Inc. raised its stake in shares of DICK'S Sporting Goods by 2.2% during the 4th quarter. Atria Wealth Solutions Inc. now owns 2,521 shares of the sporting goods retailer's stock worth $577,000 after purchasing an additional 54 shares during the period. Finally, EP Wealth Advisors LLC grew its position in DICK'S Sporting Goods by 5.9% during the fourth quarter. EP Wealth Advisors LLC now owns 1,016 shares of the sporting goods retailer's stock valued at $232,000 after buying an additional 57 shares during the period. Institutional investors 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.

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