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Dicks Sporting Goods (NYSE:DKS) was downgraded by equities research analysts at SunTrust from a “buy” rating to a “neutral” rating in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports.

Dicks Sporting Goods (NYSE:DKS) opened at 53.16 on Tuesday. Dicks Sporting Goods has a 52-week low of $45.67 and a 52-week high of $58.87. The stock’s 50-day moving average is $52.77 and its 200-day moving average is $54.24. The company has a market cap of $6.584 billion and a P/E ratio of 19.76. Dicks Sporting Goods also saw some unusual options trading activity on Monday. Stock investors bought 13,017 call options on the stock. This represents an increase of approximately 787% compared to the typical daily volume of 1,467 call options.

Dicks Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Tuesday, May 20th. The company reported $0.50 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.53 by $0.03. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter last year, the company posted $0.48 earnings per share. Dicks Sporting Goods’s revenue was up 7.9% compared to the same quarter last year. Analysts expect that Dicks Sporting Goods will post $3.08 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at CRT Capital initiated coverage on shares of Dicks Sporting Goods in a research note on Wednesday, May 14th. They set a “buy” rating and a $65.00 price target on the stock. Separately, analysts at Wells Fargo & Co. reiterated an “outperform” rating on shares of Dicks Sporting Goods in a research note on Monday, May 12th. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Dicks Sporting Goods in a research note on Monday, May 12th. They now have a $66.00 price target on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $59.16.

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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