Dicks Sporting Goods (DKS) Stock Rating Upgraded by Susquehanna Bancshares

Dicks Sporting Goods (NYSE:DKS) was upgraded by research analysts at Susquehanna Bancshares from a “neutral” rating to a “positive” rating in a research report issued to clients and investors on Tuesday. The brokerage presently has a $41.00 target price on the sporting goods retailer’s stock, up from their prior target price of $25.00. Susquehanna Bancshares’ price objective would suggest a potential upside of 18.43% from the company’s previous close.

A number of other research analysts have also commented on DKS. Cowen reiterated a “hold” rating and issued a $28.00 price objective on shares of Dicks Sporting Goods in a research report on Thursday, September 28th. Wells Fargo & Co set a $29.00 price objective on Dicks Sporting Goods and gave the company a “hold” rating in a research report on Wednesday, October 11th. Wolfe Research lowered 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 report on Wednesday, November 1st. BMO Capital Markets reiterated a “buy” rating and issued a $37.00 price objective on shares of Dicks Sporting Goods in a research report on Thursday, November 2nd. Finally, OTR Global lowered Dicks Sporting Goods to a “neutral” rating in a research report on Monday, November 6th. Two investment analysts have rated the stock with a sell rating, twenty have given a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $33.92.

Dicks Sporting Goods (NYSE DKS) opened at $34.62 on Tuesday. The company has a market capitalization of $3,643.11, a price-to-earnings ratio of 12.77, a price-to-earnings-growth ratio of 1.84 and a beta of 0.56. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.61 and a quick ratio of 0.25. Dicks Sporting Goods has a 12-month low of $23.88 and a 12-month high of $54.03.

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

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its stake in Dicks Sporting Goods by 2,879.3% during the 1st quarter. BlackRock Inc. now owns 8,515,919 shares of the sporting goods retailer’s stock worth $414,382,000 after buying an additional 8,230,087 shares during the period. Vanguard Group Inc. raised its stake in shares of Dicks Sporting Goods by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 6,802,340 shares of the sporting goods retailer’s stock valued at $270,937,000 after purchasing an additional 135,991 shares during the period. TIAA CREF Investment Management LLC raised its stake in shares of Dicks Sporting Goods by 263.8% in the 2nd 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 period. Northern Trust Corp raised its stake in shares of Dicks Sporting Goods by 54.6% in the 2nd quarter. Northern Trust Corp now owns 3,791,180 shares of the sporting goods retailer’s stock valued at $151,003,000 after purchasing an additional 1,339,379 shares during the period. Finally, State Street Corp raised its stake in shares of Dicks Sporting Goods by 2.2% in the 1st quarter. State Street Corp now owns 3,244,995 shares of the sporting goods retailer’s stock valued at $157,904,000 after purchasing an additional 69,237 shares during the period. 73.71% 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)

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