Dick’s Sporting Goods Inc (NYSE:DKS) had its target price reduced by research analysts at Credit Suisse Group from $28.00 to $24.00 in a report released on Wednesday. The firm presently has a “neutral” rating on the sporting goods retailer’s stock. Credit Suisse Group’s price objective points to a potential downside of 10.65% from the stock’s previous close.

Other equities analysts have also issued reports about the company. MKM Partners lowered Dick’s Sporting Goods from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $47.00 to $30.00 in a research report on Tuesday, August 15th. Citigroup Inc. lowered Dick’s Sporting Goods from a “buy” rating to a “neutral” rating and set a $30.00 target price on the stock. in a research report on Wednesday, August 16th. Buckingham Research lowered Dick’s Sporting Goods from a “buy” rating to a “neutral” rating and set a $45.00 target price on the stock. in a research report on Wednesday, August 16th. Guggenheim reaffirmed a “neutral” rating on shares of Dick’s Sporting Goods in a research report on Wednesday, August 16th. Finally, BMO Capital Markets set a $37.00 target price on Dick’s Sporting Goods and gave the stock an “outperform” rating in a research report on Wednesday, August 16th. Four equities research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and six have issued a buy rating to the company’s stock. Dick’s Sporting Goods presently has an average rating of “Hold” and an average price target of $33.27.

Shares of Dick’s Sporting Goods (DKS) traded up $1.27 during trading hours on Wednesday, hitting $26.86. The stock had a trading volume of 7,609,300 shares, compared to its average volume of 2,962,594. 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 has a one year low of $23.88 and a one year high of $62.80. The firm has a market capitalization of $2,950.00, a price-to-earnings ratio of 7.98, a price-to-earnings-growth ratio of 1.16 and a beta of 0.48.

Dick’s Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. Dick’s Sporting Goods had a return on equity of 19.09% and a net margin of 3.74%. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same period in the prior year, the firm earned $0.48 earnings per share. Dick’s Sporting Goods’s revenue for the quarter was up 7.4% on a year-over-year basis. research analysts anticipate that Dick’s Sporting Goods will post 2.87 EPS for the current year.

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In related news, Director William J. Colombo bought 20,000 shares of the business’s stock in a transaction on Tuesday, August 22nd. The stock was acquired at an average price of $26.25 per share, for a total transaction 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 owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of DKS. Teachers Advisors LLC boosted its stake in Dick’s Sporting Goods by 18.0% in the 1st 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 period. Dimensional Fund Advisors LP boosted its stake in 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 purchasing an additional 39,248 shares during the period. Capstone Asset Management Co. boosted its stake in Dick’s Sporting Goods by 2.7% in the 2nd quarter. Capstone Asset Management Co. now owns 11,462 shares of the sporting goods retailer’s stock worth $457,000 after purchasing an additional 300 shares during the period. Bank of Montreal Can boosted its stake in Dick’s Sporting Goods by 13.0% in the 2nd quarter. Bank of Montreal Can now owns 80,022 shares of the sporting goods retailer’s stock worth $3,187,000 after purchasing an additional 9,195 shares during the period. Finally, Creative Planning boosted its stake in Dick’s Sporting Goods by 72.2% in the 2nd 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 during the period. Institutional investors and hedge funds own 75.92% 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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