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Equities research analysts at RBC Capital dropped their price target on shares of Dicks Sporting Goods (NYSE:DKS) from $49.00 to $46.00 in a research note issued to investors on Monday. The firm currently has a “sector perform” rating on the stock. RBC Capital’s price target would indicate a potential upside of 7.80% from the stock’s previous close.

Dicks Sporting Goods (NYSE:DKS) opened at 42.67 on Monday. Dicks Sporting Goods has a one year low of $41.30 and a one year high of $58.87. The stock has a 50-day moving average of $44.21 and a 200-day moving average of $49.29. The company has a market cap of $5.233 billion and a price-to-earnings ratio of 15.56.

Dicks Sporting Goods (NYSE:DKS) last released its 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 previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, analysts predict that Dicks Sporting Goods will post $2.78 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. 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 Susquehanna cut their price target on shares of Dicks Sporting Goods from $65.00 to $51.00 in a research note on Thursday, May 22nd. They now have a “positive” rating on the stock. Thirteen research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $52.19.

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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