Dicks Sporting Goods (NYSE:DKS) was upgraded by stock analysts at Citigroup from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. The firm presently has a $35.00 target price on the sporting goods retailer’s stock. Citigroup’s target price indicates a potential upside of 19.58% from the company’s current price.
Several other equities analysts have also recently issued reports on DKS. Oppenheimer reiterated a “hold” rating on shares of Dicks Sporting Goods in a research report on Thursday, August 24th. Cowen cut Dicks Sporting Goods from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $31.00 to $28.00 in a report on Thursday, August 24th. ValuEngine cut Dicks Sporting Goods from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BMO Capital Markets restated an “outperform” rating on shares of Dicks Sporting Goods in a report on Thursday, September 14th. Finally, Wells Fargo & Company set a $29.00 target price on Dicks Sporting Goods and gave the stock a “hold” rating in a report on Wednesday, October 11th. Two analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $32.28.
Shares of Dicks Sporting Goods (DKS) traded down $0.33 during mid-day trading on Tuesday, hitting $29.27. The stock had a trading volume of 3,074,406 shares, compared to its average volume of 3,066,716. Dicks Sporting Goods has a one year low of $23.88 and a one year high of $58.29. The firm has a market cap of $3,108.78, a PE ratio of 9.28, a PEG ratio of 1.58 and a beta of 0.57. The company has a current ratio of 1.61, a quick ratio of 0.25 and a debt-to-equity ratio of 0.28.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. lifted its position in shares of Dicks Sporting Goods by 30.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,823 shares of the sporting goods retailer’s stock worth $113,000 after buying an additional 653 shares during the last quarter. HPM Partners LLC acquired a new stake in shares of Dicks Sporting Goods in the second quarter worth about $272,000. Toronto Dominion Bank lifted its position in shares of Dicks Sporting Goods by 169.2% in the third quarter. Toronto Dominion Bank now owns 4,657 shares of the sporting goods retailer’s stock worth $126,000 after buying an additional 2,927 shares during the last quarter. Valeo Financial Advisors LLC acquired a new stake in shares of Dicks Sporting Goods in the third quarter worth about $132,000. Finally, Nordea Investment Management AB lifted its position in shares of Dicks Sporting Goods by 0.5% in the second quarter. Nordea Investment Management AB now owns 5,106 shares of the sporting goods retailer’s stock worth $203,000 after buying an additional 26 shares during the last quarter. 72.81% of the stock is owned by hedge funds and other institutional investors.
About Dicks Sporting Goods
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.
