Dick’s Sporting Goods Inc. (NYSE:DKS) has been given a $70.00 target price by equities researchers at Canaccord Genuity in a report issued on Friday. The firm currently has a a “buy” rating on the sporting goods retailer’s stock. Canaccord Genuity’s price target would indicate a potential upside of 14.96% from the stock’s current price.

A number of other equities research analysts have also issued reports on DKS. Goldman Sachs Group Inc. reissued a “buy” rating and issued a $53.00 target price on shares of Dick’s Sporting Goods in a research report on Monday, July 18th. Cowen and Company raised Dick’s Sporting Goods from a “market perform” rating to an “outperform” rating and set a $64.00 target price on the stock in a research report on Monday, October 24th. Cleveland Research raised Dick’s Sporting Goods from a “neutral” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Friday, August 5th. Royal Bank Of Canada raised Dick’s Sporting Goods from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $41.00 to $56.00 in a research report on Thursday, July 14th. Finally, Citigroup Inc. raised Dick’s Sporting Goods to an “outperform” rating and set a $75.00 target price on the stock in a research report on Thursday, September 15th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $60.42.

Analyst Recommendations for Dick`s Sporting Goods (NYSE:DKS)

Dick’s Sporting Goods (NYSE:DKS) opened at 60.89 on Friday. The stock’s 50 day moving average price is $57.09 and its 200-day moving average price is $51.32. Dick’s Sporting Goods has a one year low of $33.42 and a one year high of $62.88. The firm has a market capitalization of $6.88 billion, a price-to-earnings ratio of 21.33 and a beta of 0.71.

In other news, EVP Michele Willoughby sold 36,737 shares of the business’s stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $58.78, for a total transaction of $2,159,400.86. Following the completion of the transaction, the executive vice president now owns 98,923 shares of the company’s stock, valued at approximately $5,814,693.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 22.96% of the company’s stock.

Several institutional investors have recently bought and sold shares of DKS. Wellington Management Group LLP acquired a new position in Dick’s Sporting Goods during the first quarter worth approximately $103,767,000. PNC Financial Services Group Inc. boosted its position in Dick’s Sporting Goods by 2,970.6% in the third quarter. PNC Financial Services Group Inc. now owns 873,055 shares of the sporting goods retailer’s stock worth $49,519,000 after buying an additional 844,622 shares during the period. TimesSquare Capital Management LLC acquired a new position in Dick’s Sporting Goods during the second quarter worth approximately $23,666,000. GLG Partners LP acquired a new position in Dick’s Sporting Goods during the second quarter worth approximately $19,853,000. Finally, Peregrine Capital Management LLC acquired a new position in Dick’s Sporting Goods during the third quarter worth approximately $24,156,000. 72.80% of the stock is owned by institutional investors.

Dick’s Sporting Goods Company Profile

DICK’S Sporting Goods, Inc is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories in its specialty retail stores in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, as well as e-commerce Websites at www.DICKS.com, www.golfgalaxy.com, www.fieldandstreamshop.com and www.caliastudio.com.

5 Day Chart for NYSE:DKS

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