Dick’s Sporting Goods Inc. Reaches New 12-Month High at $54.36 (DKS)
Dick’s Sporting Goods (NYSE:DKS)’s share price reached a new 52-week high on Monday, Analyst Ratings Network.com reports. The company traded as high as $54.36 and last traded at $54.15, with a volume of 805,707 shares traded. The stock had previously closed at $53.56.
A number of research firms have recently commented on DKS. Analysts at Jefferies Group initiated coverage on shares of Dick’s Sporting Goods in a research note to investors on Wednesday, October 30th. They set a “hold” rating and a $57.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Dick’s Sporting Goods from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, October 4th. They now have a $49.00 price target on the stock. Finally, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Dick’s Sporting Goods in a research note to investors on Friday, September 20th. They now have a $59.00 price target on the stock, up previously from $58.00. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $57.09.
Dick’s Sporting Goods has a one year low of $44.24 and a one year high of $54.25. The stock’s 50-day moving average is $52.47 and its 200-day moving average is $50.85. The company has a market cap of $6.784 billion and a P/E ratio of 20.53.
Dick’s Sporting Goods (NYSE:DKS) last announced its earnings results on Tuesday, August 20th. The company reported $0.71 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.76 by $0.05. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the prior year, the company posted $0.65 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. On average, analysts predict that Dick’s Sporting Goods will post $2.63 earnings per share for the current fiscal year.
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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