Dicks Sporting Goods Inc (NYSE:DKS) has received a consensus rating of “Hold” from the thirty-four ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, seventeen have issued a hold recommendation and fourteen have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $33.74.
A number of research firms recently issued reports on DKS. Barclays downgraded shares of Dicks Sporting Goods from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $33.00 to $25.00 in a report on Monday, February 5th. ValuEngine downgraded shares of Dicks Sporting Goods from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded shares of Dicks Sporting Goods from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a report on Wednesday, January 31st. Telsey Advisory Group upgraded shares of Dicks Sporting Goods from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $25.00 to $42.00 in a report on Thursday, January 25th. Finally, Oppenheimer restated a “hold” rating on shares of Dicks Sporting Goods in a report on Wednesday, January 24th.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in DKS. Dimensional Fund Advisors LP grew its stake in Dicks Sporting Goods by 23.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,080,879 shares of the sporting goods retailer’s stock worth $43,050,000 after buying an additional 205,443 shares during the period. Stifel Financial Corp grew its stake in Dicks Sporting Goods by 95.1% during the second quarter. Stifel Financial Corp now owns 17,012 shares of the sporting goods retailer’s stock worth $683,000 after buying an additional 8,294 shares during the period. QS Investors LLC grew its stake in Dicks Sporting Goods by 57,533.3% during the second quarter. QS Investors LLC now owns 5,187 shares of the sporting goods retailer’s stock worth $207,000 after buying an additional 5,178 shares during the period. Janus Henderson Group PLC grew its stake in Dicks Sporting Goods by 480.4% during the second quarter. Janus Henderson Group PLC now owns 24,485 shares of the sporting goods retailer’s stock worth $975,000 after buying an additional 20,266 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. grew its stake in Dicks Sporting Goods by 46.9% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 54,951 shares of the sporting goods retailer’s stock worth $2,188,000 after buying an additional 17,535 shares during the period. Institutional investors own 74.20% of the company’s stock.
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 analysts’ consensus estimates of $0.26 by $0.04. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates 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 revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.48 earnings per share. analysts forecast that Dicks Sporting Goods will post 2.99 EPS for the current year.
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Dicks Sporting Goods Company Profile
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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