Dick’s Sporting Goods Inc (NYSE:DKS)‘s stock had its “sell” rating reaffirmed by stock analysts at Forward View in a research report issued to clients and investors on Wednesday. Forward View also issued estimates for Dick’s Sporting Goods’ Q1 2019 earnings at $0.49 EPS.

Several other equities analysts have also commented on the stock. Bank of America Corporation reissued a “buy” rating and issued a $55.00 target price (down from $65.00) on shares of Dick’s Sporting Goods in a report on Wednesday, May 17th. Wedbush reissued an “outperform” rating and issued a $68.00 target price on shares of Dick’s Sporting Goods in a report on Sunday, May 14th. Canaccord Genuity reissued a “buy” rating and issued a $52.00 target price on shares of Dick’s Sporting Goods in a report on Friday, July 21st. Telsey Advisory Group lowered shares of Dick’s Sporting Goods from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $52.00 to $40.00 in a report on Monday, July 24th. Finally, Cleveland Research lowered shares of Dick’s Sporting Goods from a “buy” rating to a “hold” rating in a report on Monday, July 10th. Four investment analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $43.74.

Shares of Dick’s Sporting Goods (NYSE:DKS) opened at 27.74 on Wednesday. The firm’s 50-day moving average is $36.40 and its 200 day moving average is $44.44. The company has a market capitalization of $3.00 billion, a PE ratio of 9.95 and a beta of 0.47. Dick’s Sporting Goods has a 52 week low of $26.32 and a 52 week high of $62.88.

Dick’s Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Tuesday, August 15th. The sporting goods retailer reported $0.96 earnings per share for the quarter, missing the consensus estimate of $1.00 by $0.04. Dick’s Sporting Goods had a return on equity of 19.09% and a net margin of 3.74%. The business had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same quarter last year, the firm earned $0.82 EPS. Dick’s Sporting Goods’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, analysts anticipate that Dick’s Sporting Goods will post $3.00 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Dick’s Sporting Goods by 2,879.3% in the first quarter. BlackRock Inc. now owns 8,515,919 shares of the sporting goods retailer’s stock worth $414,382,000 after buying an additional 8,230,087 shares during the period. Vanguard Group Inc. increased its position in Dick’s Sporting Goods by 2.0% in the second quarter. Vanguard Group Inc. now owns 6,802,340 shares of the sporting goods retailer’s stock worth $270,937,000 after buying an additional 135,991 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in Dick’s Sporting Goods by 263.8% in the second quarter. TIAA CREF Investment Management LLC now owns 5,634,221 shares of the sporting goods retailer’s stock worth $224,411,000 after buying an additional 4,085,414 shares during the last quarter. Northern Trust Corp increased its position in Dick’s Sporting Goods by 54.6% in the second quarter. Northern Trust Corp now owns 3,791,180 shares of the sporting goods retailer’s stock worth $151,003,000 after buying an additional 1,339,379 shares during the last quarter. Finally, State Street Corp increased its position in Dick’s Sporting Goods by 2.2% in the first quarter. State Street Corp now owns 3,244,995 shares of the sporting goods retailer’s stock worth $157,904,000 after buying an additional 69,237 shares during the last quarter. Hedge funds and other 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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