Dicks Sporting Goods (NYSE:DKS) was upgraded by investment analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a research report issued on Friday.

DKS has been the subject of several other research reports. Wells Fargo & Co set a $29.00 price objective on shares of Dicks Sporting Goods and gave the company a “hold” rating in a research report on Wednesday, October 11th. BMO Capital Markets restated a “buy” rating and issued a $37.00 price objective on shares of Dicks Sporting Goods in a research report on Thursday, November 2nd. Cowen restated a “hold” rating and issued a $28.00 price objective on shares of Dicks Sporting Goods in a research report on Thursday, September 28th. Credit Suisse Group lowered their price objective on shares of Dicks Sporting Goods from $28.00 to $24.00 and set a “neutral” rating for the company in a research report on Wednesday, November 15th. Finally, UBS Group lowered their price objective on shares of Dicks Sporting Goods from $29.00 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, November 15th. Two research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and nine have given a buy rating to the company’s stock. Dicks Sporting Goods currently has a consensus rating of “Hold” and a consensus price target of $32.92.

Shares of Dicks Sporting Goods (NYSE:DKS) opened at $33.33 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.61 and a quick ratio of 0.25. The firm has a market cap of $3,579.74, a PE ratio of 10.68, a price-to-earnings-growth ratio of 1.82 and a beta of 0.56. Dicks Sporting Goods has a 1 year low of $23.88 and a 1 year high of $54.74.

Dicks Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.04. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.90 billion. Dicks Sporting Goods had a net margin of 3.54% and a return on equity of 17.95%. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.48 EPS. equities research analysts forecast that Dicks Sporting Goods will post 2.98 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in DKS. Schwab Charles Investment Management Inc. boosted its stake in Dicks Sporting Goods by 10.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 324,610 shares of the sporting goods retailer’s stock worth $12,930,000 after acquiring an additional 31,712 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Dicks Sporting Goods by 3.6% during the 2nd quarter. Principal Financial Group Inc. now owns 375,611 shares of the sporting goods retailer’s stock worth $14,960,000 after acquiring an additional 13,138 shares during the last quarter. Schroder Investment Management Group boosted its stake in Dicks Sporting Goods by 71.1% during the 2nd quarter. Schroder Investment Management Group now owns 152,300 shares of the sporting goods retailer’s stock worth $5,978,000 after acquiring an additional 63,300 shares during the last quarter. Tredje AP fonden boosted its stake in Dicks Sporting Goods by 8.5% during the 2nd quarter. Tredje AP fonden now owns 17,051 shares of the sporting goods retailer’s stock worth $680,000 after acquiring an additional 1,331 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Dicks Sporting Goods by 2.6% during the 2nd quarter. Wells Fargo & Company MN now owns 574,455 shares of the sporting goods retailer’s stock worth $22,880,000 after acquiring an additional 14,814 shares during the last quarter. 72.81% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Dicks Sporting Goods (NYSE:DKS)