Susquehanna analyst Sam Poser reiterated a Buy rating on Dick’s Sporting Goods (DKS) today and set a price target of $59.00. The company’s shares closed last Monday at $46.63, close to its 52-week high of $49.80.
According to TipRanks.com, Poser is a 2-star analyst with an average return of 0.1% and a 51.0% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Canada Goose Holdings, Wolverine World Wide, and Lululemon Athletica.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Dick’s Sporting Goods with a $44.50 average price target, which is a -6.6% downside from current levels. In a report issued on August 4, Goldman Sachs also maintained a Buy rating on the stock with a $50.00 price target.
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Based on Dick’s Sporting Goods’ latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $1.33 billion and GAAP net loss of $143 million. In comparison, last year the company earned revenue of $1.92 billion and had a net profit of $57.53 million.
Based on the recent corporate insider activity of 32 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.
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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.
