Dicks Sporting Goods (DKS) Stock Rating Lowered by Barclays

Dicks Sporting Goods (NYSE:DKS) was downgraded by Barclays from an “equal weight” rating to an “underweight” rating in a report issued on Monday, MarketBeat reports. They presently have a $25.00 price target on the sporting goods retailer’s stock, down from their previous price target of $33.00. Barclays’ target price indicates a potential downside of 19.35% from the stock’s previous close.

DKS has been the subject of several other research reports. Oppenheimer restated a “hold” rating on shares of Dicks Sporting Goods in a research note on Tuesday, November 14th. Susquehanna Bancshares cut their price objective on Dicks Sporting Goods from $30.00 to $27.00 and set a “neutral” rating on the stock in a research report on Friday, November 10th. Forward View upgraded Dicks Sporting Goods from a “sell” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Thursday, November 16th. Telsey Advisory Group upgraded Dicks Sporting Goods from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $25.00 to $42.00 in a research report on Thursday, January 25th. Finally, Citigroup cut their price objective on Dicks Sporting Goods from $30.00 to $28.00 and set a “neutral” rating on the stock in a research report on Thursday, November 16th. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $34.08.

Shares of Dicks Sporting Goods (NYSE:DKS) traded down $0.49 during mid-day trading on Monday, reaching $31.00. The company had a trading volume of 2,100,397 shares, compared to its average volume of 3,162,716. Dicks Sporting Goods has a 1-year low of $23.88 and a 1-year high of $53.75. The company has a market capitalization of $3,380.00, a PE ratio of 11.35, a PEG ratio of 1.84 and a beta of 0.61. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.61 and a quick ratio of 0.25.

Dicks Sporting Goods (NYSE:DKS) last announced its earnings results on Tuesday, November 14th. The sporting goods retailer reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.04. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.90 billion. Dicks Sporting Goods had a return on equity of 17.95% and a net margin of 3.54%. The firm’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 earnings per share. sell-side analysts predict that Dicks Sporting Goods will post 2.99 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the stock. Nordea Investment Management AB boosted its holdings in Dicks Sporting Goods by 0.5% in the 2nd quarter. Nordea Investment Management AB now owns 5,106 shares of the sporting goods retailer’s stock worth $203,000 after buying an additional 26 shares during the last quarter. Alliancebernstein L.P. boosted its stake in Dicks Sporting Goods by 0.8% in the second quarter. Alliancebernstein L.P. now owns 58,027 shares of the sporting goods retailer’s stock valued at $2,311,000 after acquiring an additional 455 shares in the last quarter. Advisory Services Network LLC boosted its stake in Dicks Sporting Goods by 21.7% in the second quarter. Advisory Services Network LLC now owns 5,229 shares of the sporting goods retailer’s stock valued at $208,000 after acquiring an additional 931 shares in the last quarter. Thrivent Financial For Lutherans boosted its stake in Dicks Sporting Goods by 6.1% in the second quarter. Thrivent Financial For Lutherans now owns 17,630 shares of the sporting goods retailer’s stock valued at $702,000 after acquiring an additional 1,010 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Dicks Sporting Goods by 1.6% in the second quarter. The Manufacturers Life Insurance Company now owns 130,095 shares of the sporting goods retailer’s stock valued at $5,182,000 after acquiring an additional 1,994 shares in the last quarter. Institutional investors own 73.66% of the company’s stock.

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About Dicks Sporting Goods

Dick’s Sporting Goods, Inc is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories in its specialty retail stores primarily in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, and Dick’s Team Sports HQ, an all-in-one youth sports digital platform offering free league management services, mobile applications for scheduling, communications and live scorekeeping, custom uniforms and FanWear and access to donations and sponsorships.

Analyst Recommendations for Dicks Sporting Goods (NYSE:DKS)

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