Dicks Sporting Goods (NYSE:DKS) received a $34.00 price target from investment analysts at Canaccord Genuity in a note issued to investors on Sunday. The brokerage presently has a “hold” rating on the sporting goods retailer’s stock. Canaccord Genuity’s price target would suggest a potential upside of 10.57% from the stock’s previous close.
DKS has been the topic of several other reports. 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. BMO Capital Markets reiterated a “buy” rating and set a $37.00 price objective on shares of Dicks Sporting Goods in a research report on Thursday, November 2nd. Credit Suisse Group reduced their price target on Dicks Sporting Goods from $28.00 to $24.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 15th. Cowen restated a “hold” rating and set a $28.00 price target on shares of Dicks Sporting Goods in a research report on Thursday, September 28th. Finally, UBS Group reduced their price target on Dicks Sporting Goods from $29.00 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 15th. Two equities research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $32.28.
Shares of Dicks Sporting Goods (DKS) traded down $0.28 during trading on Friday, hitting $30.75. The stock had a trading volume of 3,005,100 shares, compared to its average volume of 3,807,460. 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 company has a market cap of $3,300.00, a price-to-earnings ratio of 11.35, a PEG ratio of 1.69 and a beta of 0.56. Dicks Sporting Goods has a 12-month low of $23.88 and a 12-month high of $55.31.
Several hedge funds have recently modified their holdings of DKS. TIAA CREF Investment Management LLC grew its position 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 worth $224,411,000 after buying an additional 4,085,414 shares during the last quarter. Okumus Fund Management Ltd. bought a new stake in shares of Dicks Sporting Goods in the 3rd quarter worth approximately $46,406,000. Northern Trust Corp grew its position 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 worth $151,003,000 after buying an additional 1,339,379 shares during the last quarter. Prudential Financial Inc. grew its position in shares of Dicks Sporting Goods by 316.5% in the 3rd quarter. Prudential Financial Inc. now owns 1,158,619 shares of the sporting goods retailer’s stock worth $31,295,000 after buying an additional 880,464 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Dicks Sporting Goods by 58.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,717,065 shares of the sporting goods retailer’s stock worth $46,379,000 after buying an additional 636,186 shares during the last quarter. Hedge funds and other institutional investors own 72.81% of the company’s stock.
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.
