Dicks Sporting Goods Target of Unusually Large Options Trading (DKS)
Shares of Dicks Sporting Goods (NYSE:DKS) saw some unusual options trading activity on Monday. Investors bought 6,443 put options on the stock, Stock Ratings Network.com reports. This is an increase of 781% compared to the average volume of 731 put options.
A number of research firms have recently commented on DKS. Analysts at RBC Capital cut their price target on shares of Dicks Sporting Goods from $49.00 to $46.00 in a research note on Monday, August 11th. They now have a “sector perform” rating on the stock. Separately, analysts at Morgan Stanley initiated coverage on shares of Dicks Sporting Goods in a research note on Tuesday, June 24th. They set an “equal weight” rating and a $50.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Dicks Sporting Goods in a research note on Monday, June 16th. Thirteen research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $52.19.
Shares of Dicks Sporting Goods (NYSE:DKS) traded up 1.26% on Monday, hitting $43.51. The stock had a trading volume of 2,966,689 shares. Dicks Sporting Goods has a one year low of $41.30 and a one year high of $58.87. The stock has a 50-day moving average of $44.09 and a 200-day moving average of $49.18. The company has a market cap of $5.336 billion and a price-to-earnings ratio of 15.67.
DICK’S Sporting Goods, Inc is a sports and fitness specialty omni-channel retailer offering a range of brand name sporting goods equipment, apparel and footwear in a specialty store environment.
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