Dicks Sporting Goods (NYSE:DKS) has been given a $34.00 target price by investment analysts at Cowen in a report issued on Friday. The firm presently has a “hold” rating on the sporting goods retailer’s stock. Cowen’s price target would indicate a potential upside of 2.01% from the stock’s previous close.
Several other equities research analysts have also commented on the stock. Wells Fargo & Co set a $29.00 price objective on shares of Dicks Sporting Goods and gave the stock a “hold” rating in a research note on Wednesday, October 11th. Citigroup raised shares of Dicks Sporting Goods from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $28.00 to $35.00 in a research note on Tuesday, December 19th. BMO Capital Markets reissued an “outperform” rating on shares of Dicks Sporting Goods in a research note on Thursday, September 14th. Royal Bank of Canada dropped their price objective on shares of Dicks Sporting Goods from $26.00 to $24.00 and set a “sector perform” rating on the stock in a research note on Wednesday, November 15th. Finally, Wolfe Research lowered shares of Dicks Sporting Goods from a “peer perform” rating to an “underperform” rating and set a $20.00 price objective on the stock. in a research note on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $32.92.
Shares of Dicks Sporting Goods (DKS) opened at $33.33 on Friday. The firm has a market cap of $3,580.00, a PE ratio of 12.30, a PEG ratio of 1.78 and a beta of 0.56. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.25 and a current ratio of 1.61. Dicks Sporting Goods has a 52 week low of $23.88 and a 52 week high of $54.74.
Several institutional investors and hedge funds have recently added to or reduced their stakes in DKS. BlackRock Inc. raised its holdings in shares of Dicks Sporting Goods by 2,879.3% during the first quarter. BlackRock Inc. now owns 8,515,919 shares of the sporting goods retailer’s stock valued at $414,382,000 after purchasing an additional 8,230,087 shares during the last quarter. TIAA CREF Investment Management LLC raised its holdings in shares of Dicks Sporting Goods by 263.8% during the second quarter. TIAA CREF Investment Management LLC now owns 5,634,221 shares of the sporting goods retailer’s stock valued at $224,411,000 after purchasing an additional 4,085,414 shares during the last quarter. Epoch Investment Partners Inc. purchased a new position in shares of Dicks Sporting Goods during the fourth quarter valued at approximately $93,043,000. Wellington Management Group LLP purchased a new position in shares of Dicks Sporting Goods during the first quarter valued at approximately $103,767,000. Finally, OZ Management LP purchased a new stake in Dicks Sporting Goods during the first quarter valued at approximately $86,412,000. 72.81% of the stock is owned by hedge funds and other institutional investors.
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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.
