Nomura Sticks to Its Hold Rating for Dick’s Sporting Goods (DKS)
Nomura analyst Michael Baker maintained a Hold rating on Dick’s Sporting Goods (DKS) today and set a price target of $28.00. The company’s shares closed last Monday at $22.14.
According to TipRanks.com, Baker is a 3-star analyst with an average return of 1.1% and a 54.3% success rate. Baker covers the Services sector, focusing on stocks such as Advance Auto Parts, Burlington Stores, and Tractor Supply.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Dick’s Sporting Goods with a $36.18 average price target, a 69.1% upside from current levels. In a report issued on March 16, Wells Fargo also maintained a Hold rating on the stock with a $27.00 price target.
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The company has a one-year high of $49.80 and a one-year low of $13.46. Currently, Dick’s Sporting Goods has an average volume of 2.14M.
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DKS in relation to earlier this year.
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Dick’s Sporting Goods, Inc. engages in the retail of extensive assortment of authentic sports equipment, apparel, footwear, and accessories through a blend of associates, in-store services, and unique specialty shop-in-shops. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.