Dick’s Sporting Goods Inc (NYSE:DKS) was downgraded by equities researchers at Canaccord Genuity to a “hold” rating in a research note issued on Tuesday. They currently have a $27.00 price target on the sporting goods retailer’s stock. Canaccord Genuity’s price target points to a potential downside of 22.66% from the stock’s previous close.

Other research analysts have also issued reports about the company. B. Riley reaffirmed a “buy” rating and issued a $58.00 price objective on shares of Dick’s Sporting Goods in a report on Wednesday, May 17th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Dick’s Sporting Goods in a report on Saturday, May 13th. UBS AG lowered Dick’s Sporting Goods from a “buy” rating to a “neutral” rating in a report on Tuesday, May 16th. Citigroup Inc. reaffirmed a “buy” rating and issued a $55.00 price objective (down from $65.00) on shares of Dick’s Sporting Goods in a report on Wednesday, May 17th. Finally, Barclays PLC reaffirmed an “equal weight” rating and issued a $46.00 price objective (down from $50.00) on shares of Dick’s Sporting Goods in a report on Wednesday, May 17th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and seventeen have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $54.22.

Dick’s Sporting Goods (DKS) traded down 21.31% during midday trading on Tuesday, reaching $27.47. 24,839,774 shares of the company’s stock were exchanged. The company has a market cap of $3.09 billion, a P/E ratio of 10.64 and a beta of 0.47. The company has a 50 day moving average price of $37.46 and a 200 day moving average price of $44.85. Dick’s Sporting Goods has a 12 month low of $27.21 and a 12 month high of $62.88. Dick’s Sporting Goods also was the recipient of some unusual options trading on Monday. Stock investors bought 9,392 put options on the company. This is an increase of 361% compared to the average volume of 2,036 put options.

Dick’s Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Tuesday, August 15th. The sporting goods retailer reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by $0.04. Dick’s Sporting Goods had a net margin of 3.57% and a return on equity of 18.61%. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same period in the prior year, the company earned $0.82 earnings per share. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, equities analysts anticipate that Dick’s Sporting Goods will post $3.64 EPS for the current year.

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Institutional investors have recently modified their holdings of the company. Reinhart Partners Inc. increased its position in shares of Dick’s Sporting Goods by 14.4% in the fourth quarter. Reinhart Partners Inc. now owns 616,236 shares of the sporting goods retailer’s stock worth $21,784,000 after buying an additional 77,520 shares during the period. Community Trust & Investment Company increased its position in shares of Dick’s Sporting Goods by 73.6% in the fourth quarter. Community Trust & Investment Company now owns 358,113 shares of the sporting goods retailer’s stock worth $12,659,000 after buying an additional 151,832 shares during the period. Capital Impact Advisors bought a new position in shares of Dick’s Sporting Goods during the fourth quarter worth about $1,036,000. Wellington Management Group LLP bought a new position in shares of Dick’s Sporting Goods during the first quarter worth about $103,767,000. Finally, Personal Capital Advisors Corp bought a new position in shares of Dick’s Sporting Goods during the fourth quarter worth about $5,041,000. Institutional investors own 76.35% of the company’s stock.

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)

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