Dick’s Sporting Goods Inc (NYSE:DKS)‘s stock had its “buy” rating reiterated by equities research analysts at BMO Capital Markets in a report issued on Thursday. They currently have a $37.00 price objective on the sporting goods retailer’s stock. BMO Capital Markets’ price target indicates a potential upside of 51.21% from the stock’s current price.

A number of other analysts have also recently weighed in on DKS. Goldman Sachs Group, Inc. (The) cut shares of Dick’s Sporting Goods from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $49.00 to $30.00 in a report on Wednesday, August 16th. Forward View reaffirmed a “sell” rating and issued a $25.00 price objective on shares of Dick’s Sporting Goods in a report on Wednesday, August 16th. Wedbush cut shares of Dick’s Sporting Goods from an “outperform” rating to a “neutral” rating and set a $29.00 price objective on the stock. in a report on Tuesday, August 15th. Royal Bank Of Canada cut shares of Dick’s Sporting Goods from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $46.00 to $29.00 in a report on Wednesday, August 16th. Finally, Buckingham Research cut shares of Dick’s Sporting Goods from a “buy” rating to a “neutral” rating and set a $45.00 price objective on the stock. in a report on Wednesday, August 16th. Four investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $36.23.

Dick’s Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Tuesday, August 15th. The sporting goods retailer reported $0.96 earnings per share for the quarter, missing the Zacks’ 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 firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same period last year, the business earned $0.82 EPS. The firm’s revenue was up 9.6% on a year-over-year basis.

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In related news, Director William J. Colombo purchased 20,000 shares of Dick’s Sporting Goods stock in a transaction dated Tuesday, August 22nd. The stock was acquired at an average cost of $26.25 per share, with a total value of $525,000.00. Following the completion of the transaction, the director now directly owns 323,224 shares of the company’s stock, valued at $8,484,630. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 23.09% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Beacon Capital Management purchased a new stake in shares of Dick’s Sporting Goods in the fourth quarter worth approximately $0. Acrospire Investment Management LLC purchased a new stake in shares of Dick’s Sporting Goods in the first quarter worth approximately $103,000. Creative Planning lifted its position in shares of Dick’s Sporting Goods by 72.2% in the second quarter. Creative Planning now owns 2,667 shares of the sporting goods retailer’s stock worth $106,000 after purchasing an additional 1,118 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Dick’s Sporting Goods by 30.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,823 shares of the sporting goods retailer’s stock worth $113,000 after purchasing an additional 653 shares in the last quarter. Finally, Point72 Asia Hong Kong Ltd purchased a new stake in shares of Dick’s Sporting Goods in the first quarter worth approximately $114,000. 76.66% of the stock is 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)

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