Dicks Sporting Goods Given Consensus Rating of “Hold” by Analysts (NYSE:DKS)
Dicks Sporting Goods (NYSE:DKS) has received a consensus recommendation of “Hold” from the twenty-seven brokerages that are currently covering the stock, AnalystRatingsNetwork.com reports. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $51.82.
A number of research firms have recently commented on DKS. Analysts at Morgan Stanley initiated coverage on shares of Dicks Sporting Goods in a research note on Tuesday, June 24th. They set an “equal weight” rating and a $50.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Dicks Sporting Goods in a research note on Monday, June 16th. Finally, analysts at Zacks downgraded shares of Dicks Sporting Goods from a “neutral” rating to an “underperform” rating in a research note on Monday, June 9th. They now have a $41.00 price target on the stock.
Shares of Dicks Sporting Goods (NYSE:DKS) opened at 46.89 on Wednesday. Dicks Sporting Goods has a 52 week low of $42.33 and a 52 week high of $58.87. The stock’s 50-day moving average is $45.53 and its 200-day moving average is $51.84. The company has a market cap of $5.751 billion and a P/E ratio of 17.10.
Dicks Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Tuesday, May 20th. The company reported $0.50 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.48 earnings per share. The company’s quarterly revenue was up 7.9% on a year-over-year basis. Analysts expect that Dicks Sporting Goods will post $2.79 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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