Dicks Sporting Goods (NYSE:DKS) Coverage Initiated by Analysts at Nomura

Nomura assumed coverage on shares of Dicks Sporting Goods (NYSE:DKS) in a research note published on Friday morning, The Fly reports. The brokerage issued a neutral rating and a $42.00 price target on the sporting goods retailer’s stock.

A number of other analysts have also recently weighed in on DKS. Stifel Nicolaus boosted their price target on Dicks Sporting Goods from $34.00 to $38.00 and gave the stock a hold rating in a research report on Wednesday, September 18th. UBS Group boosted their price target on Dicks Sporting Goods from $37.00 to $42.00 and gave the stock a neutral rating in a research report on Friday, September 27th. Bank of America boosted their price target on Dicks Sporting Goods from $40.00 to $43.00 and gave the stock a neutral rating in a research report on Friday, October 18th. Morgan Stanley set a $36.00 price target on Dicks Sporting Goods and gave the stock a hold rating in a research report on Thursday, August 22nd. Finally, Argus boosted their price target on Dicks Sporting Goods to $45.00 and gave the stock a buy rating in a research report on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company’s stock. Dicks Sporting Goods presently has a consensus rating of Hold and a consensus price target of $41.47.

NYSE DKS traded down $0.64 on Friday, reaching $40.24. The stock had a trading volume of 1,158,473 shares, compared to its average volume of 2,250,639. The business has a 50 day moving average price of $39.66 and a 200 day moving average price of $36.59. The company has a current ratio of 1.28, a quick ratio of 0.17 and a debt-to-equity ratio of 1.73. Dicks Sporting Goods has a 1 year low of $29.69 and a 1 year high of $41.59. The company has a market capitalization of $3.64 billion, a price-to-earnings ratio of 12.42, a P/E/G ratio of 2.03 and a beta of 0.58.

Dicks Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Thursday, August 22nd. The sporting goods retailer reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.05. Dicks Sporting Goods had a return on equity of 16.96% and a net margin of 3.64%. The company had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.21 billion. During the same quarter in the previous year, the firm earned $1.20 earnings per share. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, analysts anticipate that Dicks Sporting Goods will post 3.38 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of DKS. HS Management Partners LLC acquired a new position in shares of Dicks Sporting Goods during the 2nd quarter worth about $70,242,000. D. E. Shaw & Co. Inc. lifted its position in shares of Dicks Sporting Goods by 77.8% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,198,994 shares of the sporting goods retailer’s stock worth $76,151,000 after purchasing an additional 962,473 shares during the last quarter. Nuveen Asset Management LLC lifted its position in shares of Dicks Sporting Goods by 394.8% during the 2nd quarter. Nuveen Asset Management LLC now owns 740,262 shares of the sporting goods retailer’s stock worth $25,636,000 after purchasing an additional 590,644 shares during the last quarter. FMR LLC raised its holdings in Dicks Sporting Goods by 32.4% in the 1st quarter. FMR LLC now owns 1,431,090 shares of the sporting goods retailer’s stock valued at $52,679,000 after acquiring an additional 350,515 shares in the last quarter. Finally, Morgan Stanley raised its holdings in Dicks Sporting Goods by 173.5% in the 2nd quarter. Morgan Stanley now owns 552,138 shares of the sporting goods retailer’s stock valued at $19,121,000 after acquiring an additional 350,254 shares in the last quarter. 79.67% of the stock is owned by institutional investors and hedge funds.

About Dicks Sporting Goods

Dick's Sporting Goods, Inc operates as a sporting goods retailer primarily in the eastern United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories. The company also owns and operates Golf Galaxy, Field & Stream, and other specialty concept stores; and e-commerce Websites, as well as Dick's Team Sports HQ, a youth sports digital platform that offers free league management services, mobile apps, free league management services, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.

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Analyst Recommendations for Dicks Sporting Goods (NYSE:DKS)

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