Recent Investment Analysts’ Ratings Changes for Dick’s Sporting Goods (DKS)

Dick’s Sporting Goods (NYSE: DKS) recently received a number of ratings updates from brokerages and research firms:

  • 11/17/2017 – Dick’s Sporting Goods had its “hold” rating reaffirmed by analysts at Cowen Inc. They now have a $26.00 price target on the stock.
  • 11/16/2017 – Dick’s Sporting Goods had its price target lowered by analysts at Citigroup Inc. from $30.00 to $28.00. They now have a “neutral” rating on the stock.
  • 11/16/2017 – Dick’s Sporting Goods was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “DICK’S Sporting, which outperformed the industry in the past month, reported earnings and sales beat in third-quarter fiscal 2017. This marked a return to positive earnings trend after a miss in the preceding quarter, while sales reflected second straight beat. Consequently, the company provided a favorable fourth-quarter outlook and raised earnings view for fiscal 2017. The company remains confident of driving market share growth in the fiscal fourth quarter and through fiscal 2018, backed by its current strategy and tactics. Its investments in e-commerce, store technology and store payroll, as well as DICK'S Team Sports HQ and private brands, bode well. However, the company expects the retail environment to be extremely promotional in fourth quarter and fiscal 2018. This, along with excess inventory, broadened distribution strategies from some vendors and lack of innovation and novelty, is likely to keep margins under pressure.”
  • 11/16/2017 – Dick’s Sporting Goods was upgraded by analysts at Forward View from a “sell” rating to a “buy” rating. They now have a $30.00 price target on the stock.
  • 11/15/2017 – Dick’s Sporting Goods had its price target lowered by analysts at BMO Capital Markets from $37.00 to $32.00. They now have an “outperform” rating on the stock.
  • 11/15/2017 – Dick’s Sporting Goods had its price target lowered by analysts at MKM Partners from $30.00 to $25.00. They now have an “overweight” rating on the stock.
  • 11/15/2017 – Dick’s Sporting Goods had its price target lowered by analysts at UBS AG from $29.00 to $28.00. They now have a “neutral” rating on the stock.
  • 11/15/2017 – Dick’s Sporting Goods had its price target lowered by analysts at Bank of America Corp from $35.00 to $30.00. They now have a “neutral” rating on the stock.
  • 11/15/2017 – Dick’s Sporting Goods had its price target lowered by analysts at Morgan Stanley from $30.00 to $28.00. They now have an “equal weight” rating on the stock.
  • 11/15/2017 – Dick’s Sporting Goods had its price target lowered by analysts at Credit Suisse Group AG from $28.00 to $24.00. They now have a “neutral” rating on the stock.
  • 11/15/2017 – Dick’s Sporting Goods had its price target lowered by analysts at Buckingham Research from $26.00 to $25.00. They now have a “neutral” rating on the stock.
  • 11/15/2017 – Dick’s Sporting Goods had its price target lowered by analysts at Royal Bank Of Canada from $26.00 to $24.00. They now have a “sector perform” rating on the stock.
  • 11/15/2017 – Dick’s Sporting Goods was upgraded by analysts at J P Morgan Chase & Co from a “neutral” rating to an “overweight” rating.
  • 11/14/2017 – Dick’s Sporting Goods had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
  • 11/12/2017 – Dick’s Sporting Goods was given a new $27.00 price target on by analysts at Canaccord Genuity. They now have a “hold” rating on the stock.
  • 11/10/2017 – Dick’s Sporting Goods had its price target lowered by analysts at Susquehanna Bancshares Inc from $30.00 to $27.00. They now have a “neutral” rating on the stock.
  • 11/6/2017 – Dick’s Sporting Goods was downgraded by analysts at OTR Global to a “neutral” rating.
  • 11/3/2017 – Dick’s Sporting Goods had its “hold” rating reaffirmed by analysts at Cowen Inc. They now have a $28.00 price target on the stock.
  • 11/2/2017 – Dick’s Sporting Goods had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $37.00 price target on the stock.
  • 11/1/2017 – Dick’s Sporting Goods was downgraded by analysts at Wolfe Research from a “peer perform” rating to an “underperform” rating. They now have a $20.00 price target on the stock.
  • 10/11/2017 – Dick’s Sporting Goods was given a new $29.00 price target on by analysts at Wells Fargo & Company. They now have a “hold” rating on the stock.

Dick’s Sporting Goods Inc (DKS) opened at $28.90 on Monday. The firm has a market cap of $3,103.95, a price-to-earnings ratio of 9.26, a P/E/G ratio of 1.58 and a beta of 0.57. The company has a quick ratio of 0.25, a current ratio of 1.61 and a debt-to-equity ratio of 0.28. Dick’s Sporting Goods Inc has a 1-year low of $23.88 and a 1-year high of $62.80.

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 the consensus estimate of $0.26 by $0.04. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.90 billion. Dick’s Sporting Goods had a net margin of 3.54% and a return on equity of 17.95%. Dick’s Sporting Goods’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.48 EPS. analysts expect that Dick’s Sporting Goods Inc will post 2.97 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.35%. The ex-dividend date is Thursday, December 7th. Dick’s Sporting Goods’s dividend payout ratio is currently 25.09%.

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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