DICK'S Sporting Goods, Inc. (NYSE:DKS - Get Free Report) saw unusually large options trading activity on Wednesday. Traders bought 18,418 put options on the stock. This is an increase of 177% compared to the average daily volume of 6,653 put options.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on the stock. Stifel Nicolaus boosted their target price on shares of DICK'S Sporting Goods from $215.00 to $232.00 and gave the stock a "hold" rating in a report on Thursday, May 30th. Barclays increased their target price on shares of DICK'S Sporting Goods from $231.00 to $247.00 and gave the company an "overweight" rating in a research report on Thursday, May 30th. Loop Capital cut their price target on shares of DICK'S Sporting Goods from $230.00 to $200.00 and set a "hold" rating on the stock in a report on Tuesday, August 6th. Bank of America upgraded DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and increased their price objective for the company from $225.00 to $240.00 in a report on Wednesday, May 29th. Finally, Telsey Advisory Group boosted their target price on DICK'S Sporting Goods from $255.00 to $260.00 and gave the stock an "outperform" rating in a research note on Friday, August 30th. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $242.67.
Get Our Latest Report on DICK'S Sporting Goods
DICK'S Sporting Goods Price Performance
DKS stock traded down $11.49 on Wednesday, reaching $220.63. 3,671,081 shares of the company's stock were exchanged, compared to its average volume of 1,131,602. The stock has a fifty day moving average of $214.52 and a 200-day moving average of $207.38. The firm has a market cap of $17.98 billion, a PE ratio of 18.26, a P/E/G ratio of 2.59 and a beta of 1.65. The company has a quick ratio of 0.65, a current ratio of 1.71 and a debt-to-equity ratio of 0.55. DICK'S Sporting Goods has a twelve month low of $100.98 and a twelve month high of $239.30.
Insiders Place Their Bets
In other DICK'S Sporting Goods news, Director Desiree Ralls-Morrison sold 3,489 shares of the business's stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $206.65, for a total transaction of $721,001.85. Following the completion of the transaction, the director now owns 5,609 shares in the company, valued at $1,159,099.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 32.03% of the stock is owned by insiders.
Hedge Funds Weigh In On DICK'S Sporting Goods
Institutional investors and hedge funds have recently made changes to their positions in the stock. Van ECK Associates Corp boosted its stake in shares of DICK'S Sporting Goods by 2.7% during the 4th quarter. Van ECK Associates Corp now owns 8,818 shares of the sporting goods retailer's stock worth $1,296,000 after acquiring an additional 232 shares in the last quarter. New York Life Investment Management LLC acquired a new stake in DICK'S Sporting Goods in the fourth quarter valued at $1,077,000. Natixis Advisors L.P. increased its position in shares of DICK'S Sporting Goods by 156.1% in the fourth quarter. Natixis Advisors L.P. now owns 52,572 shares of the sporting goods retailer's stock valued at $7,725,000 after buying an additional 32,043 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of DICK'S Sporting Goods in the fourth quarter valued at $450,000. Finally, Benjamin F. Edwards & Company Inc. acquired a new position in shares of DICK'S Sporting Goods during the 4th quarter worth $199,000. 89.83% of the stock is owned by institutional investors and hedge funds.
DICK'S Sporting Goods Company Profile
(Get Free Report)
DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as an omni-channel sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and fishing gear products; apparel; and footwear and accessories.
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