Dicks Sporting Goods Coverage Initiated at Credit Suisse (DKS)
Stock analysts at Credit Suisse assumed coverage on shares of Dicks Sporting Goods (NYSE:DKS) in a report issued on Monday, Analyst Ratings.Net reports. The firm set an “outperform” rating and a $65.00 price target on the stock. Credit Suisse’s target price would suggest a potential upside of 23.20% from the stock’s previous close.
The analysts wrote, “best in class growth retailer”
DKS has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Dicks Sporting Goods in a research note on Tuesday, April 22nd. They now have a $55.00 price target on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Dicks Sporting Goods from $60.00 to $67.00 in a research note on Wednesday, March 12th. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $59.11.
Shares of Dicks Sporting Goods (NYSE:DKS) traded down 0.68% during mid-day trading on Monday, hitting $52.76. 469,919 shares of the company’s stock traded hands. Dicks Sporting Goods has a one year low of $45.67 and a one year high of $58.87. The stock has a 50-day moving average of $53.19 and a 200-day moving average of $54.26. The company has a market cap of $6.534 billion and a P/E ratio of 19.75.
Dicks Sporting Goods (NYSE:DKS) last released its earnings data on Tuesday, March 11th. The company reported $1.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.11. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the previous year, the company posted $1.03 earnings per share. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. Analysts expect that Dicks Sporting Goods will post $3.09 EPS 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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