Dick’s Sporting Goods Inc (NYSE:DKS)‘s stock had its “buy” rating reissued by Canaccord Genuity in a report released on Friday. They presently have a $52.00 target price on the sporting goods retailer’s stock. Canaccord Genuity’s target price would suggest a potential upside of 39.94% from the stock’s current price.

Several other equities research analysts have also recently issued reports on the stock. Zacks Investment Research upgraded shares of Dick’s Sporting Goods from a “sell” rating to a “hold” rating in a research report on Tuesday. Buckingham Research assumed coverage on shares of Dick’s Sporting Goods in a research report on Monday, July 17th. They set a “buy” rating and a $45.00 price objective for the company. ValuEngine upgraded shares of Dick’s Sporting Goods from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. Cleveland Research cut shares of Dick’s Sporting Goods from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. Finally, BMO Capital Markets set a $62.00 price objective on shares of Dick’s Sporting Goods and gave the stock a “buy” rating in a research report on Thursday, July 6th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty-two have given a buy rating to the company. Dick’s Sporting Goods presently has an average rating of “Buy” and an average price target of $56.88.

Dick’s Sporting Goods (NYSE:DKS) opened at 37.16 on Friday. Dick’s Sporting Goods has a 1-year low of $35.87 and a 1-year high of $62.88. The stock has a market capitalization of $4.18 billion, a PE ratio of 14.39 and a beta of 0.48. The company’s 50 day moving average is $39.19 and its 200-day moving average is $46.94.

Dick’s Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Tuesday, May 16th. The sporting goods retailer reported $0.54 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.54. Dick’s Sporting Goods had a net margin of 3.57% and a return on equity of 18.61%. The firm had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same period last year, the business earned $0.50 earnings per share. Dick’s Sporting Goods’s revenue was up 9.9% compared to the same quarter last year. Analysts forecast that Dick’s Sporting Goods will post $3.68 earnings per share for the current fiscal year.

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A number of hedge funds have recently added to or reduced their stakes in DKS. APG Asset Management N.V. boosted its stake in Dick’s Sporting Goods by 11.0% in the second quarter. APG Asset Management N.V. now owns 314,872 shares of the sporting goods retailer’s stock worth $12,541,000 after buying an additional 31,181 shares during the last quarter. Manning & Napier Advisors LLC boosted its stake in Dick’s Sporting Goods by 1,173.1% in the second quarter. Manning & Napier Advisors LLC now owns 1,043,955 shares of the sporting goods retailer’s stock worth $41,580,000 after buying an additional 961,955 shares during the last quarter. US Bancorp DE boosted its stake in Dick’s Sporting Goods by 0.8% in the second quarter. US Bancorp DE now owns 22,635 shares of the sporting goods retailer’s stock worth $901,000 after buying an additional 174 shares during the last quarter. State Treasurer State of Michigan boosted its stake in Dick’s Sporting Goods by 1.4% in the second quarter. State Treasurer State of Michigan now owns 36,200 shares of the sporting goods retailer’s stock worth $1,442,000 after buying an additional 500 shares during the last quarter. Finally, Dalton Greiner Hartman Maher & Co. boosted its stake in Dick’s Sporting Goods by 20.5% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 454,309 shares of the sporting goods retailer’s stock worth $18,095,000 after buying an additional 77,229 shares during the last quarter. 78.90% of the stock is currently owned by institutional investors.

Dick’s Sporting Goods Company Profile

Dick’s Sporting Goods, Inc is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories in its specialty retail stores primarily in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, and Dick’s Team Sports HQ, an all-in-one youth sports digital platform offering free league management services, mobile applications for scheduling, communications and live scorekeeping, custom uniforms and FanWear and access to donations and sponsorships.

Analyst Recommendations for Dick`s Sporting Goods (NYSE:DKS)

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