Skip to Content

Analysts at UBS Group raised their price target on DICK’S Sporting Goods (NYSE:DKS) to $130.00.

Analysts at UBS Group raised their price target on DICK’S Sporting Goods (NYSE:DKS) to $130.00.

According to Benzinga, analysts at UBS Group raised their price target for Dick’s Sporting Goods (NYSE: DKS) in a note delivered to investors on Friday. The analysts increased their price target from $120.00 to $130.00. The note was distributed to shareholders. The sporting goods retailer’s stock currently has a “neutral” rating from the company, which was assigned to it at present. The target price that UBS Group provided indicates a potential gain of 3.97 percent compared to the price at which the stock is currently trading.
Several additional research analysts have weighed in on the topic of DKS and offered their perspectives. In a research note that was made public on November 23, Stifel Nicolaus revealed that the firm had increased its price objective for Dick’s Sporting Goods from $100 to $112 in accordance with recent market activity. Citigroup upgraded its price target for Dick’s Sporting Goods stock and assigned a “buy” rating to the company’s stock in a research report published on November 23. In addition to this, the price objective was increased. The target price that Cowen has set for the shares of Dick’s Sporting Goods was raised from $150.00 to $155.00 in a research note dated November 23. Gordon Haskett reclassified shares of Dick’s Sporting Goods from a “hold” rating to a “buy” rating and set a target price of $135.00 for the company’s stock on Tuesday, November 22. This information was offered up in a research note that he eventually decided to publish. Finally, Stephens increased their price objective on Dick’s Sporting Goods shares to $121, which they announced in a research note published on November 25. This brings the total amount that they are willing to pay for the company to $121, which is also the price they are willing to pay. The stock has been assigned a “hold” rating by five equity research professionals, while a “buy” rating has been assigned by fifteen other professionals. According to the data provided by Bloomberg, the overall recommendation for the company is a “Moderate Buy,” and the overall price objective for the business is set at $137.45 at present.
NYSE: DKS began trading at $125.04 on Friday. The price of a share of Dick’s Sporting Goods at its all-time low was $63.45, while the stock at its all-time high was $125.15. The debt-to-equity ratio has been calculated to be 0.69, the quick ratio has been calculated to be 0.59, and the current ratio has been calculated to be 1.81. The company has a price-to-earnings ratio of 11.04, a price-to-earnings-growth ratio of 2.08, and a beta value of 1.41. The company’s market capitalization is estimated to be $9.90 billion, and it possesses the following metrics: a price-to-earnings-growth ratio of 2.08. The stock is currently trading at $114.16, which is higher than its 50 and 200-day moving averages of $105.63 and $105.63, respectively.
On November 22, the results of Dick’s Sporting Goods’ most recent quarterly financial report were made public by the company’s NYSE ticker symbol, DKS. The sporting goods retailer reported earnings per share for the quarter of $2.60, which is $0.36 higher than the estimate of $2.24 made by market experts on a consensus basis. The actual revenue the company brought in for the quarter was $2.96 billion, which is higher than the forecasted revenue of $2.70 billion expected for the company throughout the quarter. Dick’s Sporting Goods’ high net margin (9.52%) and high return on equity (52.43%) are indicators of the company’s successful performance. A profit of 11.93 cents per share is what the experts in the stock market anticipate will be generated by Dick’s Sporting Goods during the current fiscal year. These projections were made.
According to additional news regarding Dick’s Sporting Goods, Executive Vice President Vladimir Rak sold 29,144 shares on December 21. This information was reported in another piece of news. A total of 3,276,659.92 dollars’ worth of the company’s stock was sold at an average price of $112.43 per share, leading to transactions totaling 3,276,659.92 dollars. Following the completion of the transaction, the executive vice president was vested with ownership of 48,260 company shares, the total value of which was $5,425,871.80. If you follow the link, which will take you to a legal file submitted to the SEC, you will have the opportunity to acquire additional information regarding the transaction. According to additional news regarding Dick’s Sporting Goods, Executive Vice President Vladimir Rak sold 29,144 shares on December 21. This information was reported in another piece of news. A total of 3,276,659.92 dollars’ worth of the company’s stock was sold at an average price of $112.43 per share, leading to transactions totaling 3,276,659.92 dollars. Following the completion of the transaction, the executive vice president was vested with ownership of 48,260 company shares, the total value of which was $5,425,871.80. If you follow the link, which will take you to a legal file submitted to the SEC, you will have the opportunity to acquire additional information regarding the transaction. Julie Lodge-Jarrett, Senior Vice President of Dick’s Sporting Goods, also sold 9139 shares on November 23. The stock sale resulted in total revenue of $1,078,402.00, with an average price of $118.00 for each purchased share. As a direct result of the transaction, the senior vice president now owns 41,048 shares of company stock. The total value of these shares is $4,843,664, so the vice president’s holdings have increased significantly. Disclosures that are related to the sale might be found in this section of the website. Corporate insiders sold a total of 39,283 shares of stock over the previous ninety days, bringing in total revenue of $4,475,632 during that period. Insiders own the total number of company stock shares, 32.83 percent.
Various institutional investors have made recent shifts regarding the percentage of their respective portfolios invested in DKS. Byrne Asset Management LLC increased its ownership of Dick’s Sporting Goods during the second quarter by making a new investment of $38,000. This action brought the total amount of Byrne Asset Management LLC’s investments in Dick’s to $80,000. During the second quarter, CoreCap Advisors LLC increased its holdings in Dick’s Sporting Goods by making an additional investment of $40,000. During the second quarter, Northern Oak Wealth Management Inc. invested $51,000 in Dick’s Sporting Goods, which resulted in the purchase of a new interest in the company. Finally, the Banque Cantonale Vaudoise increased the proportion of Dick’s Sporting Goods stock owned by 108.1% over the second quarter. Following the acquisition of an additional 388 shares during the preceding quarter, Banque Cantonale Vaudoise now owns 747 shares of the sporting goods retailer’s stock, valued at $56,000. These shares were acquired as a result of the company’s continued success. As a result, the organization now has 747 shares in its possession. Psagot Value Holdings Ltd. of Israel made a new investment in Dick’s Sporting Goods during the first quarter of 2018, paying sixty thousand dollars for the privilege. This is the last, but not the least, item on the agenda. Shares of the company are held by various types of institutional investors, including hedge funds, to 75.08% of the total.
The eastern region of the United States is home to several different retailers that specialize in sporting goods. Among these retailers are Dick’s Sporting Goods, Inc. and its various subsidiary companies. In addition to selling sporting goods, fitness, golf, and hunting equipment, the company also sells clothing, accessories, and footwear. The company also sells sporting goods, fitness equipment, golf equipment, and hunting equipment.

Tags

Leave a comment

Your email address will not be published. Required fields are marked *