ValuEngine lowered shares of Dicks Sporting Goods (NYSE:DKS) from a buy rating to a hold rating in a research note issued to investors on Friday.
DKS has been the subject of a number of other reports. Oppenheimer reissued a hold rating on shares of Dicks Sporting Goods in a research report on Tuesday, November 14th. Susquehanna Bancshares lowered their price target on Dicks Sporting Goods from $30.00 to $27.00 and set a neutral rating for the company in a research report on Friday, November 10th. Forward View raised Dicks Sporting Goods from a sell rating to a buy rating and set a $30.00 price target for the company in a research report on Thursday, November 16th. Telsey Advisory Group raised Dicks Sporting Goods from a market perform rating to an outperform rating and increased their price target for the company from $25.00 to $42.00 in a research report on Thursday, January 25th. Finally, Citigroup lowered their price target on Dicks Sporting Goods from $30.00 to $28.00 and set a neutral rating for the company in a research report on Thursday, November 16th. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $33.88.
Dicks Sporting Goods (NYSE DKS) opened at $29.87 on Friday. The company has a current ratio of 1.61, a quick ratio of 0.25 and a debt-to-equity ratio of 0.28. Dicks Sporting Goods has a 12-month low of $23.88 and a 12-month high of $53.75. The firm has a market capitalization of $3,210.00, a P/E ratio of 11.02, a PEG ratio of 1.84 and a beta of 0.61.
Dicks Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. Dicks Sporting Goods had a return on equity of 17.95% and a net margin of 3.54%. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same period in the prior year, the firm earned $0.48 earnings per share. Dicks Sporting Goods’s revenue for the quarter was up 7.4% on a year-over-year basis. research analysts predict that Dicks Sporting Goods will post 2.99 EPS for the current fiscal year.
A number of large investors have recently made changes to their positions in the business. Nordea Investment Management AB grew its stake 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 valued at $203,000 after purchasing an additional 26 shares during the period. Alliancebernstein L.P. grew its stake in Dicks Sporting Goods by 0.8% in the 2nd quarter. Alliancebernstein L.P. now owns 58,027 shares of the sporting goods retailer’s stock valued at $2,311,000 after purchasing an additional 455 shares during the period. Advisory Services Network LLC grew its stake in Dicks Sporting Goods by 21.7% in the 2nd quarter. Advisory Services Network LLC now owns 5,229 shares of the sporting goods retailer’s stock valued at $208,000 after purchasing an additional 931 shares during the period. Thrivent Financial For Lutherans grew its stake in Dicks Sporting Goods by 6.1% in the 2nd quarter. Thrivent Financial For Lutherans now owns 17,630 shares of the sporting goods retailer’s stock valued at $702,000 after purchasing an additional 1,010 shares during the period. Finally, NBW Capital LLC grew its stake in Dicks Sporting Goods by 1.8% in the 2nd quarter. NBW Capital LLC now owns 67,996 shares of the sporting goods retailer’s stock valued at $2,708,000 after purchasing an additional 1,186 shares during the period. Hedge funds and other institutional investors own 73.66% of the company’s stock.
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Dicks Sporting Goods Company Profile
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.
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