Oppenheimer Releases a Buy Rating on Dick’s Sporting Goods (DKS)

In a report released today, Brian Nagel from Oppenheimer assigned a Buy rating to Dick’s Sporting Goods (DKS), with a price target of $52.00. The company’s shares closed last Friday at $39.41.

According to TipRanks.com, Nagel is a top 100 analyst with an average return of 16.9% and a 70.7% success rate. Nagel covers the Consumer Goods sector, focusing on stocks such as Lululemon Athletica, The Lovesac Company, and Advance Auto Parts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Dick’s Sporting Goods with a $39.86 average price target, a 4.3% upside from current levels. In a report issued on June 9, Morgan Stanley also initiated coverage with a Buy rating on the stock.

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Dick’s Sporting Goods’ market cap is currently $3.53B and has a P/E ratio of 38.60. The company has a Price to Book ratio of 2.65.

Based on the recent corporate insider activity of 32 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.

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.

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