Telsey Advisory Reaffirms Their Buy Rating on Dick’s Sporting Goods (DKS)

Telsey Advisory analyst Joe Feldman maintained a Buy rating on Dick’s Sporting Goods yesterday and set a price target of $240.00. The company’s shares closed yesterday at $217.86.

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Feldman covers the Consumer Cyclical sector, focusing on stocks such as Dick’s Sporting Goods, Amazon, and Home Depot. According to TipRanks, Feldman has an average return of 3.6% and a 50.71% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Dick’s Sporting Goods with a $247.45 average price target, representing a 13.58% upside. In a report released yesterday, BTIG also initiated coverage with a Buy rating on the stock with a $300.00 price target.

Based on Dick’s Sporting Goods’ latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $6.23 billion and a net profit of $128.34 million. In comparison, last year the company earned a revenue of $3.89 billion and had a net profit of $299.97 million

Based on the recent corporate insider activity of 57 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. Earlier this month, Edward Stack, the EC of DKS sold 210,478.00 shares for a total of $41,608,926.41.