Dick’s Sporting Goods (NYSE:DKS) has been assigned a $30.00 target price by investment analysts at Stifel Nicolaus in a note issued to investors on Saturday. The brokerage presently has a “hold” rating on the sporting goods retailer’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 3.63% from the company’s current price.
Several other brokerages have also commented on DKS. Morgan Stanley reissued an “equal weight” rating and set a $28.00 price objective on shares of Dick’s Sporting Goods in a research report on Thursday. BMO Capital Markets reissued an “outperform” rating on shares of Dick’s Sporting Goods in a research report on Thursday, September 14th. Cowen reissued a “hold” rating and set a $26.00 price objective on shares of Dick’s Sporting Goods in a research report on Friday, November 17th. Citigroup lowered their price objective on Dick’s Sporting Goods from $30.00 to $28.00 and set a “neutral” rating for the company in a research report on Thursday, November 16th. Finally, Wells Fargo & Company set a $29.00 price objective on Dick’s Sporting Goods and gave the company a “hold” rating in a research report on Wednesday, October 11th. Two equities research analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $32.00.
Shares of Dick’s Sporting Goods (DKS) opened at $28.95 on Friday. The firm has a market cap of $3,108.78, a price-to-earnings ratio of 9.28, a P/E/G ratio of 1.58 and a beta of 0.57. Dick’s Sporting Goods has a fifty-two week low of $23.88 and a fifty-two week high of $59.63. The company has a quick ratio of 0.25, a current ratio of 1.61 and a debt-to-equity ratio of 0.28.
Several institutional investors have recently added to or reduced their stakes in DKS. Northwestern Mutual Wealth Management Co. grew its stake in shares of Dick’s Sporting Goods by 30.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,823 shares of the sporting goods retailer’s stock valued at $113,000 after purchasing an additional 653 shares during the period. Toronto Dominion Bank grew its stake in shares of Dick’s Sporting Goods by 169.2% during the 3rd quarter. Toronto Dominion Bank now owns 4,657 shares of the sporting goods retailer’s stock valued at $126,000 after acquiring an additional 2,927 shares during the period. Valeo Financial Advisors LLC bought a new position in shares of Dick’s Sporting Goods during the 3rd quarter valued at approximately $132,000. Nordea Investment Management AB grew its stake in shares of Dick’s Sporting Goods by 0.5% during the 2nd quarter. Nordea Investment Management AB now owns 5,106 shares of the sporting goods retailer’s stock valued at $203,000 after acquiring an additional 26 shares during the period. Finally, QS Investors LLC grew its stake in shares of Dick’s Sporting Goods by 57,533.3% during the 2nd quarter. QS Investors LLC now owns 5,187 shares of the sporting goods retailer’s stock valued at $207,000 after acquiring an additional 5,178 shares during the period. 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.
