Dicks Sporting Goods (DKS) – Investment Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for Dicks Sporting Goods (NYSE: DKS):

  • 2/5/2018 – Dicks Sporting Goods was downgraded by analysts at Barclays PLC from an “equal weight” rating to an “underweight” rating. They now have a $25.00 price target on the stock, down previously from $33.00.
  • 2/2/2018 – Dicks Sporting Goods was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 1/31/2018 – Dicks Sporting Goods was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $36.00 price target on the stock. According to Zacks, “DICK’S Sporting has outperformed the industry in the past three months. In the last reported third-quarter fiscal 2017, the company delivered a positive earnings surprise after a miss in the previous quarter. Also, its top line outpaced estimates for the second straight quarter. Consequently, management provided a favorable fourth-quarter outlook and raised earnings view for fiscal 2017. It remains confident of driving market share growth in the fiscal fourth quarter and through fiscal 2018, backed by its current strategy and tactics. Its investments in e-commerce, store technology and store payroll, as well as DICK'S Team Sports HQ and private brands, bode well. However, the company expects the retail environment to be extremely promotional in fourth quarter and fiscal 2018. This, along with excess inventory, broadened distribution strategies from some vendors and lack of innovation and novelty, is likely to keep margins under pressure.”
  • 1/25/2018 – Dicks Sporting Goods was upgraded by analysts at Telsey Advisory Group from a “market perform” rating to an “outperform” rating. They now have a $42.00 price target on the stock, up previously from $25.00.
  • 1/24/2018 – Dicks Sporting Goods had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
  • 1/23/2018 – Dicks Sporting Goods was upgraded by analysts at Susquehanna Bancshares Inc from a “neutral” rating to a “positive” rating. They now have a $41.00 price target on the stock, up previously from $25.00.
  • 1/23/2018 – Dicks Sporting Goods was upgraded by analysts at UBS Group AG from a “neutral” rating to a “positive” rating.
  • 1/17/2018 – Dicks Sporting Goods was upgraded by analysts at Buckingham Research from a “neutral” rating to a “buy” rating.
  • 1/12/2018 – Dicks Sporting Goods was given a new $34.00 price target on by analysts at Cowen Inc. They now have a “hold” rating on the stock.
  • 1/12/2018 – Dicks Sporting Goods was upgraded by analysts at Deutsche Bank AG from a “hold” rating to a “buy” rating. They now have a $39.00 price target on the stock, up previously from $33.00.
  • 1/11/2018 – Dicks Sporting Goods was given a new $40.00 price target on by analysts at BMO Capital Markets. They now have a “buy” rating on the stock.
  • 1/7/2018 – Dicks Sporting Goods was given a new $34.00 price target on by analysts at Canaccord Genuity. They now have a “hold” rating on the stock.
  • 1/3/2018 – Dicks Sporting Goods had its “hold” rating reaffirmed by analysts at Robert W. Baird. They now have a $32.00 price target on the stock.
  • 1/3/2018 – Dicks Sporting Goods was upgraded by analysts at Wells Fargo & Co from a “market perform” rating to an “outperform” rating. They now have a $35.00 price target on the stock, up previously from $26.00.
  • 12/31/2017 – Dicks Sporting Goods was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 12/19/2017 – Dicks Sporting Goods was upgraded by analysts at Citigroup Inc from a “neutral” rating to a “buy” rating. They now have a $35.00 price target on the stock, up previously from $28.00.
  • 12/16/2017 – Dicks Sporting Goods was given a new $30.00 price target on by analysts at Stifel Nicolaus. They now have a “hold” rating on the stock.

Dicks Sporting Goods Inc (NYSE DKS) traded up $0.66 during midday trading on Tuesday, reaching $32.75. 2,447,355 shares of the company traded hands, compared to its average volume of 3,282,198. Dicks Sporting Goods Inc has a twelve month low of $23.88 and a twelve month high of $52.89. The company has a current ratio of 1.61, a quick ratio of 0.25 and a debt-to-equity ratio of 0.28. The firm has a market cap of $3,381.05, a P/E ratio of 12.08, a P/E/G ratio of 1.84 and a beta of 0.61.

Dicks Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.04. Dicks Sporting Goods had a net margin of 3.54% and a return on equity of 17.95%. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter last year, the firm posted $0.48 EPS. Dicks Sporting Goods’s revenue was up 7.4% compared to the same quarter last year. sell-side analysts anticipate that Dicks Sporting Goods Inc will post 2.99 EPS for the current fiscal year.

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.

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