Dicks Sporting Goods Receives Consensus Rating of “Buy” from Analysts (NYSE:DKS)
Dicks Sporting Goods (NYSE:DKS) has received an average recommendation of “Buy” from the twenty-six ratings firms that are presently covering the stock, AR Network reports. Thirteen investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $52.19.
Shares of Dicks Sporting Goods (NYSE:DKS) opened at 42.97 on Thursday. Dicks Sporting Goods has a 52-week low of $41.30 and a 52-week high of $58.87. The stock’s 50-day moving average is $44.09 and its 200-day moving average is $49.18. The company has a market cap of $5.270 billion and a price-to-earnings ratio of 15.69.
DKS has been the subject of a number of recent research reports. Analysts at RBC Capital cut their price target on shares of Dicks Sporting Goods from $49.00 to $46.00 in a research note on Monday, August 11th. They now have a “sector perform” rating on the stock. Separately, 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. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Dicks Sporting Goods in a research note on Monday, June 16th.
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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