Dick’s Sporting Goods Inc (DKS) PT Set at $27.00 by Canaccord Genuity
Dick’s Sporting Goods Inc (NYSE:DKS) received a $27.00 target price from Canaccord Genuity in a report issued on Sunday. The firm presently has a “hold” rating on the sporting goods retailer’s stock. Canaccord Genuity’s price target would suggest a potential upside of 0.56% from the stock’s previous close.
Other analysts have also issued research reports about the stock. Buckingham Research started coverage on shares of Dick’s Sporting Goods in a research note on Monday, July 17th. They set a “buy” rating and a $45.00 price objective on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $54.00 price objective on shares of Dick’s Sporting Goods in a research note on Thursday, August 10th. BMO Capital Markets reiterated a “buy” rating and set a $37.00 price objective on shares of Dick’s Sporting Goods in a research note on Thursday, November 2nd. Barclays PLC reiterated an “equal weight” rating and set a $30.00 price objective (down previously from $46.00) on shares of Dick’s Sporting Goods in a research note on Wednesday, August 16th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $30.00 price objective (down previously from $55.00) on shares of Dick’s Sporting Goods in a research note on Wednesday, August 16th. Four equities research analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $36.12.
Dick’s Sporting Goods (NYSE:DKS) traded up $0.36 during midday trading on Friday, reaching $26.85. 4,405,500 shares of the company traded hands, compared to its average volume of 2,871,558. The stock has a market capitalization of $2,936.45, a price-to-earnings ratio of 8.14, a price-to-earnings-growth ratio of 1.18 and a beta of 0.48. Dick’s Sporting Goods has a 52-week low of $23.88 and a 52-week high of $62.88. 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 posted its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $2.16 billion. Dick’s Sporting Goods had a net margin of 3.74% and a return on equity of 19.09%. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.82 EPS. sell-side analysts anticipate that Dick’s Sporting Goods will post 2.88 earnings per share for the current fiscal year.
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In related news, Director William J. Colombo purchased 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were purchased at an average price of $26.25 per share, with a total value of $525,000.00. Following the purchase, the director now owns 323,224 shares of the company’s stock, valued at approximately $8,484,630. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 23.09% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Sompo Japan Nipponkoa Asset Management CO. LTD. purchased a new position in Dick’s Sporting Goods during the 3rd quarter valued at about $1,504,000. Mackenzie Financial Corp grew its stake in Dick’s Sporting Goods by 76.1% during the 3rd quarter. Mackenzie Financial Corp now owns 208,200 shares of the sporting goods retailer’s stock valued at $5,623,000 after acquiring an additional 90,000 shares in the last quarter. Stifel Financial Corp grew its stake in Dick’s Sporting Goods by 29.9% during the 3rd quarter. Stifel Financial Corp now owns 22,100 shares of the sporting goods retailer’s stock valued at $603,000 after acquiring an additional 5,088 shares in the last quarter. OxFORD Asset Management LLP purchased a new position in Dick’s Sporting Goods during the 3rd quarter valued at about $1,824,000. Finally, Tredje AP fonden grew its stake in Dick’s Sporting Goods by 68.6% during the 3rd quarter. Tredje AP fonden now owns 28,751 shares of the sporting goods retailer’s stock valued at $777,000 after acquiring an additional 11,700 shares in the last quarter. 75.92% of the stock is currently owned by institutional investors.
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.
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