27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
In the last three months, 23 analysts have published ratings on Dick's Sporting Goods (NYSE:DKS), offering a diverse range of perspectives from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 6 | 8 | 9 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 4 | 6 | 5 | 0 | 0 |
| 2M Ago | 1 | 2 | 3 | 0 | 0 |
| 3M Ago | 1 | 0 | 0 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Dick's Sporting Goods, presenting an average target of $217.17, a high estimate of $250.00, and a low estimate of $174.00. Observing a 30.32% increase, the current average has risen from the previous average price target of $166.64.
Breaking Down Analyst Ratings: A Detailed Examination
The perception of Dick's Sporting Goods by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Jonathan Matuszewski | Jefferies | Announces | Hold | $211.00 | - |
| Brian Nagel | Oppenheimer | Raises | Outperform | $240.00 | $190.00 |
| Michael Lasser | UBS | Raises | Neutral | $215.00 | $142.00 |
| Anthony Chukumba | Loop Capital | Raises | Hold | $220.00 | $150.00 |
| Adrienne Yih | Barclays | Raises | Overweight | $239.00 | $194.00 |
| Scot Ciccarelli | Truist Securities | Raises | Buy | $243.00 | $201.00 |
| Simeon Gutman | Morgan Stanley | Raises | Overweight | $235.00 | $160.00 |
| Michael Baker | DA Davidson | Raises | Buy | $250.00 | $183.00 |
| Kate McShane | Goldman Sachs | Raises | Buy | $247.00 | $157.00 |
| Seth Basham | Wedbush | Raises | Neutral | $210.00 | $160.00 |
| Jim Duffy | Stifel | Raises | Hold | $215.00 | $126.00 |
| Warren Cheng | Evercore ISI Group | Raises | Outperform | $240.00 | $200.00 |
| Kate Fitzsimons | Wells Fargo | Raises | Equal-Weight | $210.00 | $175.00 |
| Sam Poser | Williams Trading | Raises | Buy | $235.00 | $154.00 |
| Joseph Feldman | Telsey Advisory Group | Raises | Outperform | $245.00 | $195.00 |
| John Kernan | TD Cowen | Raises | Outperform | $226.00 | $177.00 |
| Justin Kleber | Baird | Raises | Neutral | $185.00 | $145.00 |
| Adrienne Yih | Barclays | Raises | Overweight | $194.00 | $179.00 |
| Robert Ohmes | B of A Securities | Raises | Neutral | $190.00 | $165.00 |
| Joseph Feldman | Telsey Advisory Group | Raises | Outperform | $195.00 | $160.00 |
| Kate Fitzsimons | Wells Fargo | Raises | Equal-Weight | $175.00 | $125.00 |
| Scot Ciccarelli | Truist Securities | Raises | Buy | $201.00 | $174.00 |
| Scot Ciccarelli | Truist Securities | Raises | Buy | $174.00 | $154.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Dick's Sporting Goods. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Dick's Sporting Goods compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Dick's Sporting Goods's stock. This examination reveals shifts in analysts' expectations over time.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Dick's Sporting Goods's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Dick's Sporting Goods analyst ratings.
About Dick's Sporting Goods
Dick's Sporting Goods retails athletic apparel, footwear, and equipment for sports. Dick's operates digital platforms, about 725 stores under its namesake brand (including outlet stores), and about 130 specialty stores under the Golf Galaxy and Public Lands nameplates. Dick's carries private-label merchandise and national brands such as Nike, The North Face, Under Armour, Callaway Golf, and TaylorMade. Based in the Pittsburgh area, Dick's was founded in 1948 by the father of current executive chairman and controlling shareholder Edward Stack.
Dick's Sporting Goods's Economic Impact: An Analysis
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Revenue Growth: Over the 3 months period, Dick's Sporting Goods showcased positive performance, achieving a revenue growth rate of 7.77% as of 31 January, 2024. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 7.65%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Dick's Sporting Goods's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 11.85%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Dick's Sporting Goods's ROA stands out, surpassing industry averages. With an impressive ROA of 3.19%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.63.
Analyst Ratings: What Are They?
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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