Dick’s Sporting Goods Inc (NYSE:DKS) was downgraded by equities research analysts at Monness Crespi & Hardt from a “buy” rating to a “neutral” rating in a report issued on Wednesday.

Other research analysts also recently issued research reports about the company. Stifel Nicolaus set a $54.00 target price on Dick’s Sporting Goods and gave the stock a “buy” rating in a report on Wednesday, May 17th. B. Riley reiterated a “buy” rating and set a $58.00 target price on shares of Dick’s Sporting Goods in a report on Wednesday, May 17th. Cowen and Company set a $55.00 target price on Dick’s Sporting Goods and gave the stock a “buy” rating in a report on Wednesday, May 17th. Canaccord Genuity reiterated a “buy” rating and set a $67.00 target price on shares of Dick’s Sporting Goods in a report on Monday, May 8th. Finally, BMO Capital Markets set a $62.00 target price on Dick’s Sporting Goods and gave the stock a “buy” rating in a report on Tuesday, May 16th. Three analysts have rated the stock with a sell rating, twenty-one have given a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $49.29.

Dick’s Sporting Goods (DKS) opened at 26.87 on Wednesday. Dick’s Sporting Goods has a one year low of $26.86 and a one year high of $62.88. The firm has a 50-day moving average price of $37.10 and a 200 day moving average price of $44.68. The company has a market cap of $3.02 billion, a price-to-earnings ratio of 10.41 and a beta of 0.47. Dick’s Sporting Goods also was the recipient of unusually large options trading on Monday. Traders acquired 9,392 put options on the company. This represents an increase of approximately 361% compared to the average volume of 2,036 put options.

Dick’s Sporting Goods (NYSE:DKS) last posted its earnings results on Tuesday, August 15th. The sporting goods retailer reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by $0.04. Dick’s Sporting Goods had a return on equity of 18.61% and a net margin of 3.57%. The firm had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter last year, the company posted $0.82 EPS. The firm’s revenue was up 9.6% on a year-over-year basis. Equities analysts expect that Dick’s Sporting Goods will post $3.63 earnings per share for the current fiscal year.

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Several large investors have recently bought and sold shares of DKS. Reinhart Partners Inc. raised its stake in 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 valued at $21,784,000 after buying an additional 77,520 shares during the period. Community Trust & Investment Company raised its stake 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 last quarter. Capital Impact Advisors acquired a new stake in shares of Dick’s Sporting Goods during the fourth quarter worth about $1,036,000. Wellington Management Group LLP acquired a new stake in shares of Dick’s Sporting Goods during the first quarter worth about $103,767,000. Finally, Personal Capital Advisors Corp acquired a new stake in shares of Dick’s Sporting Goods during the fourth quarter worth about $5,041,000. 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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