Dick’s Sporting Goods (DKS) Gets a Sell Rating from Raymond James

Raymond James analyst Bobby Griffin reiterated a Sell rating on Dick’s Sporting Goods (DKSResearch Report) today. The company’s shares closed last Tuesday at $97.77, close to its 52-week high of $102.92.

According to TipRanks.com, Griffin is a 5-star analyst with an average return of 34.4% and a 75.0% success rate. Griffin covers the Consumer Goods sector, focusing on stocks such as Advance Auto Parts, Bed Bath & Beyond, and Aaron’s Company.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Dick’s Sporting Goods with a $107.40 average price target.

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The company has a one-year high of $102.92 and a one-year low of $37.68. Currently, Dick’s Sporting Goods has an average volume of 1.7M.

Based on the recent corporate insider activity of 65 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, Lee Belitsky, the EVP & CFO of DKS sold 24,330 shares for a total of $2,420,835.

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.