Dick’s Sporting Goods Inc (NYSE:DKS)‘s stock had its “hold” rating reaffirmed by research analysts at Cowen and Company in a report released on Friday. They presently have a $28.00 price target on the sporting goods retailer’s stock. Cowen and Company’s target price suggests a potential upside of 14.38% from the stock’s previous close.

DKS has been the topic of several other research reports. Cleveland Research cut shares of Dick’s Sporting Goods from a “buy” rating to a “hold” rating in a report on Monday, July 10th. BMO Capital Markets set a $62.00 price target on shares of Dick’s Sporting Goods and gave the company a “buy” rating in a report on Thursday, July 6th. Credit Suisse Group set a $44.00 price objective on Dick’s Sporting Goods and gave the company a “hold” rating in a research report on Monday, August 7th. Zacks Investment Research raised Dick’s Sporting Goods from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Finally, Telsey Advisory Group lowered Dick’s Sporting Goods from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $52.00 to $40.00 in a research report on Monday, July 24th. Four research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and five have assigned a buy rating to the company. Dick’s Sporting Goods presently has an average rating of “Hold” and a consensus target price of $36.23.

Shares of Dick’s Sporting Goods (DKS) traded up $0.09 during trading hours on Friday, reaching $24.48. 1,826,284 shares of the company’s stock were exchanged, compared to its average volume of 2,925,915. The stock has a market cap of $2.70 billion, a P/E ratio of 7.48 and a beta of 0.48.

Dick’s Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Tuesday, August 15th. The sporting goods retailer reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.04). The firm had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Dick’s Sporting Goods had a return on equity of 19.09% and a net margin of 3.74%. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.82 earnings per share. sell-side analysts anticipate that Dick’s Sporting Goods will post 2.88 EPS for the current fiscal year.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in DKS. FMR LLC grew its holdings in shares of Dick’s Sporting Goods by 5.9% in the 1st quarter. FMR LLC now owns 961,709 shares of the sporting goods retailer’s stock worth $46,797,000 after acquiring an additional 53,251 shares during the period. Teachers Advisors LLC boosted its holdings in shares of Dick’s Sporting Goods by 18.0% during the first quarter. Teachers Advisors LLC now owns 173,167 shares of the sporting goods retailer’s stock worth $8,426,000 after purchasing an additional 26,401 shares during the last quarter. Thrivent Financial For Lutherans raised its position in shares of Dick’s Sporting Goods by 10.4% in the 1st quarter. Thrivent Financial For Lutherans now owns 16,620 shares of the sporting goods retailer’s stock worth $809,000 after buying an additional 1,560 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Dick’s Sporting Goods by 4.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 875,436 shares of the sporting goods retailer’s stock worth $42,600,000 after buying an additional 39,248 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Dick’s Sporting Goods by 6.6% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 292,898 shares of the sporting goods retailer’s stock worth $14,253,000 after buying an additional 18,198 shares during the period. Institutional investors and hedge funds own 76.66% of the company’s stock.

Dick’s Sporting Goods Company Profile

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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