Dick’s Sporting Goods Inc (NYSE:DKS) was downgraded by equities research analysts at OTR Global to a “neutral” rating in a research report issued to clients and investors on Monday.

DKS has been the topic of several other research reports. Zacks Investment Research cut shares of Dick’s Sporting Goods from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Cowen and Company cut shares of Dick’s Sporting Goods from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $31.00 to $28.00 in a research report on Thursday, August 24th. Credit Suisse Group set a $44.00 price objective on shares of Dick’s Sporting Goods and gave the company a “hold” rating in a research report on Monday, August 7th. BMO Capital Markets reiterated an “outperform” rating on shares of Dick’s Sporting Goods in a research report on Thursday, September 14th. Finally, BidaskClub cut shares of Dick’s Sporting Goods from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Four research analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $36.23.

Shares of Dick’s Sporting Goods (NYSE:DKS) traded up $0.09 on Monday, reaching $24.57. 1,525,224 shares of the company traded hands, compared to its average volume of 2,897,903. Dick’s Sporting Goods has a 12 month low of $23.88 and a 12 month high of $62.88. The company has a market capitalization of $2,677.25, a PE ratio of 7.42, a PEG ratio of 1.08 and a beta of 0.48. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.51 and a quick ratio of 0.24.

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 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 the consensus estimate of $2.16 billion. During the same quarter in the prior year, the firm posted $0.82 EPS. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. analysts anticipate that Dick’s Sporting Goods will post 2.88 earnings per share for the current year.

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In other Dick’s Sporting Goods news, Director William J. Colombo purchased 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were bought at an average price of $26.25 per share, for a total transaction of $525,000.00. Following the acquisition, the director now owns 323,224 shares in the company, valued at $8,484,630. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 23.09% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of DKS. First Eagle Investment Management LLC boosted its position in Dick’s Sporting Goods by 5,600.0% in the 3rd quarter. First Eagle Investment Management LLC now owns 57,000 shares of the sporting goods retailer’s stock worth $1,540,000 after purchasing an additional 56,000 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in Dick’s Sporting Goods by 40.1% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 212,746 shares of the sporting goods retailer’s stock worth $5,746,000 after purchasing an additional 60,913 shares in the last quarter. Capco Asset Management LLC purchased a new stake in Dick’s Sporting Goods in the 3rd quarter worth approximately $446,000. Investment Counselors of Maryland LLC boosted its position in Dick’s Sporting Goods by 14.0% in the 3rd quarter. Investment Counselors of Maryland LLC now owns 28,865 shares of the sporting goods retailer’s stock worth $780,000 after purchasing an additional 3,534 shares in the last quarter. Finally, Prudential Financial Inc. boosted its position in Dick’s Sporting Goods by 316.5% in the 3rd quarter. Prudential Financial Inc. now owns 1,158,619 shares of the sporting goods retailer’s stock worth $31,295,000 after purchasing an additional 880,464 shares in the last quarter. Institutional investors own 76.69% 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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