Oppenheimer analyst Brian Nagel assigned a Hold rating to Dick’s Sporting Goods (DKS) today and set a price target of $56.00. The company’s shares closed last Tuesday at $56.92, close to its 52-week high of $63.29.
According to TipRanks.com, Nagel is a top 25 analyst with an average return of 28.8% and a 78.5% success rate. Nagel covers the Consumer Goods sector, focusing on stocks such as Lululemon Athletica, The Lovesac Company, and Lumber Liquidators.
Dick’s Sporting Goods has an analyst consensus of Moderate Buy, with a price target consensus of $62.56, a 6.0% upside from current levels. In a report released yesterday, J.P. Morgan also maintained a Hold rating on the stock with a $65.00 price target.
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The company has a one-year high of $63.29 and a one-year low of $13.46. Currently, Dick’s Sporting Goods has an average volume of 2.59M.
Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DKS in relation to earlier this year. Last month, John Edward Hayes, the SVP & GC of DKS sold 5,000 shares for a total of $306,150.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
