Dick’s Sporting Goods (NYSE:DKS) Rating Reaffirmed
In a comprehensive report issued to clients and investors this morning, Argus reaffirmed their “Buy” rating on Dick’s Sporting Goods (NYSE:DKS) shares. The target provides a possible upside of 32.28% from company’s last close price.
From a total of 23 analysts covering Dick’s Sporting Goods Inc. (NYSE:DKS) stock, 10 rate it a ”Buy”, 1 a “Sell”, and 16 a ”Hold”. This means that 37% of the ratings are positive. The highest target price is $59 while the lowest target price is $32. The mean of all analyst targets is $46.61 with a 36.17% above today’s ($36.96) stock price. Dick’s Sporting Goods Inc. was the topic of 29 analyst reports since July 27, 2015 according to the firm StockzIntelligence Inc. Stifel Nicolaus upgraded shares on November 19 to “Buy” rating. RBC Capital Markets maintained shares with “Sector Perform” rating and $45 target share price in a report from a November 18. Suntrust Robinson maintained DKS stock in a recent report from November 18 with “Neutral” rating. Barclays Capital initiated the rating on November 4. Barclays Capital has a “Equal-Weight” rating and a $50 price target on shares. Finally, Telsey Advisory Group maintained the stock with “Outperform” rating in a report issued on a November 18.
Approximately 1.93 million shares of stock traded hands. Dicks Sporting Goods Inc (NYSE:DKS) has declined 32.04% since May 8, 2015 and is downtrending. It has underperformed by 29.02% the S&P500.
The overall sentiment of institutions has decreased to 1.06 in Q2 2015. Its down 0.33, from 1.39 in 2015Q2. The ratio fall, as 50 institutions have sold all the shares of Dicks Sporting Goods Inc that they owned while 136 funds have taken shares off the table. 50 funds have purchased shares for the first time while 147 added to their positions. These institutions now hold 92.21 million shares or 12.87% more than the 81.70 million shares they owned in 2015Q2.
The Fund Timucuan Asset Management Inc Fl currently is holding shares equating to 4.92% of its total portfolio in Dicks Sporting Goods Inc representing a total of 965,881 shares. Another fund,William Harris Investors Inc, is holding a total of 340,794 shares equating to 4.37% of their holdings. Additionally, Broad Run Investment Management Llc has a 1.45 million share stake in Dicks Sporting Goods Inc which represents 4.08% of their total portfolio. The Fund, Reinhart Partners Inc., based out of Wisconsin, has also built up a stake in the stock, which represents a total of 2.69% of their total portfolio. Finally Sib Llc, a fund which is based in the state of New York reported a total holdings of 65,451 shares.
Insider activity is a very important aspect to track on any stock. Going back to March 16, 2015, shareholders of Dicks Sporting Goods Inc have witnessed 0 insider purchases, and a total of 1 sale equating to a net activity of approximately $1.01 million . Colombo William J sold 20,000 shares worth approximately $1.01 million. Oliver Joseph sold 13,489 shares worth approximately $784,925.
DICK’S Sporting Goods, Inc. is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories. The company has a market cap of $4.34 billion. The Firm offers hardlines, such as sporting goods equipment, fitness equipment, golf equipment and hunting and fishing gear. It has 12.29 P/E ratio. The Firm also owns and operates Golf Galaxy, Field & Stream and True Runner specialty stores.
According to Zacks Investment Research, “Dick’s Sporting Goods is a leading full-line sporting goods retailer in the United States.” Get a free copy of the Zacks research report on Dicks Sporting Goods Inc (DKS).