Dick’s Sporting Goods Inc (NYSE:DKS) was downgraded by stock analysts at Telsey Advisory Group from an “outperform” rating to a “market perform” rating in a note issued to investors on Monday. They currently have a $40.00 price objective on the sporting goods retailer’s stock, down from their prior price objective of $52.00. Telsey Advisory Group’s target price indicates a potential upside of 7.64% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Dick’s Sporting Goods in a research note on Saturday, May 13th. B. Riley reiterated a “buy” rating and issued a $64.00 price target on shares of Dick’s Sporting Goods in a report on Friday, May 12th. UBS AG lowered Dick’s Sporting Goods from a “buy” rating to a “neutral” rating in a report on Tuesday, May 16th. Barclays PLC reiterated an “equal weight” rating and issued a $46.00 price target (down previously from $50.00) on shares of Dick’s Sporting Goods in a report on Wednesday, May 17th. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $55.00 price target (down previously from $65.00) on shares of Dick’s Sporting Goods in a report on Wednesday, May 17th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-one have assigned a buy rating to the company. Dick’s Sporting Goods currently has an average rating of “Buy” and an average price target of $56.48.

Dick’s Sporting Goods (NYSE:DKS) traded down 5.33% during midday trading on Monday, reaching $35.18. The company’s stock had a trading volume of 4,383,322 shares. The firm has a market cap of $3.96 billion, a price-to-earnings ratio of 13.63 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 has a 12-month low of $34.55 and a 12-month high of $62.88.

Dick’s Sporting Goods (NYSE:DKS) last released its earnings results on Tuesday, May 16th. The sporting goods retailer reported $0.54 EPS for the quarter, meeting analysts’ consensus estimates of $0.54. The firm had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.83 billion. Dick’s Sporting Goods had a return on equity of 18.61% and a net margin of 3.57%. The company’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.50 earnings per share. Equities analysts forecast that Dick’s Sporting Goods will post $3.68 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This piece of content was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/07/24/telsey-advisory-group-downgrades-dicks-sporting-goods-inc-nysedks-to-market-perform.html.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Citizens Bank & Trust Co. raised its position in Dick’s Sporting Goods by 33.0% in the second quarter. First Citizens Bank & Trust Co. now owns 8,342 shares of the sporting goods retailer’s stock worth $332,000 after buying an additional 2,069 shares during the period. APG Asset Management N.V. increased its stake in shares of 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 in the last quarter. Manning & Napier Advisors LLC increased its stake in shares of 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 in the last quarter. US Bancorp DE increased its stake in shares of 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 in the last quarter. Finally, State Treasurer State of Michigan increased its stake in shares of 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 in the last quarter. 78.91% of the stock is currently owned by institutional investors and hedge funds.

About Dick’s Sporting Goods

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)

Receive News & Ratings for Dick's Sporting Goods Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dick's Sporting Goods Inc and related companies with MarketBeat.com's FREE daily email newsletter.