Dick’s Sporting Goods (NYSE:DKS)‘s stock had its “equal weight” rating reissued by Morgan Stanley in a research note issued on Thursday. They presently have a $28.00 price target on the sporting goods retailer’s stock. Morgan Stanley’s price target points to a potential downside of 6.23% from the stock’s current price.

DKS has been the topic of several other research reports. Wells Fargo & Company set a $29.00 target price on shares of Dick’s Sporting Goods and gave the stock a “hold” rating in a report on Wednesday, October 11th. BMO Capital Markets reiterated a “buy” rating and issued a $37.00 target price on shares of Dick’s Sporting Goods in a report on Thursday, November 2nd. Cowen reiterated a “hold” rating and issued a $28.00 target price on shares of Dick’s Sporting Goods in a report on Thursday, September 28th. Credit Suisse Group dropped their target price on shares of Dick’s Sporting Goods from $28.00 to $24.00 and set a “neutral” rating on the stock in a report on Wednesday, November 15th. Finally, UBS dropped their target price on shares of Dick’s Sporting Goods from $29.00 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and six have assigned a buy rating to the stock. Dick’s Sporting Goods currently has a consensus rating of “Hold” and an average price target of $31.92.

Dick’s Sporting Goods (NYSE DKS) traded down $0.39 during mid-day trading on Thursday, hitting $29.86. 500,127 shares of the company traded hands, compared to its average volume of 3,058,944. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.25 and a current ratio of 1.61. Dick’s Sporting Goods has a 1-year low of $23.88 and a 1-year high of $59.63. The firm has a market cap of $3,228.53, a price-to-earnings ratio of 9.63, a PEG ratio of 1.64 and a beta of 0.57.

Dick’s Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.04. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates 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 previous year, the business earned $0.48 EPS. sell-side analysts anticipate that Dick’s Sporting Goods will post 2.97 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of the company. Beacon Capital Management acquired a new position in shares of Dick’s Sporting Goods during the fourth quarter worth approximately $0. Acrospire Investment Management LLC acquired a new position in shares of Dick’s Sporting Goods during the first quarter worth approximately $103,000. Creative Planning lifted its position in shares of Dick’s Sporting Goods by 72.2% during the second 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 in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Dick’s Sporting Goods by 30.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,823 shares of the sporting goods retailer’s stock worth $113,000 after purchasing an additional 653 shares in the last quarter. Finally, Point72 Asia Hong Kong Ltd bought a new stake in shares of Dick’s Sporting Goods during the first quarter worth approximately $114,000. Institutional investors and hedge funds own 72.96% of the company’s stock.

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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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