Dicks Sporting Goods (NYSE:DKS) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Sunday.
A number of other analysts also recently weighed in on DKS. BMO Capital Markets reaffirmed an “outperform” rating on shares of Dicks Sporting Goods in a research report on Thursday, September 14th. Cowen reaffirmed a “hold” rating and issued a $28.00 target price on shares of Dicks Sporting Goods in a research report on Thursday, September 28th. Wells Fargo & Co set a $29.00 target price on shares of Dicks Sporting Goods and gave the stock a “hold” rating in a research report on Wednesday, October 11th. Wolfe Research downgraded shares of Dicks Sporting Goods from a “peer perform” rating to an “underperform” rating and set a $20.00 target price on the stock. in a research report on Wednesday, November 1st. Finally, OTR Global downgraded shares of 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-five have issued a hold rating and seven have issued a buy rating to the stock. Dicks Sporting Goods presently has a consensus rating of “Hold” and an average price target of $32.28.
Dicks Sporting Goods (DKS) opened at $28.74 on Friday. 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 stock has a market cap of $3,086.76, a price-to-earnings ratio of 10.61, a price-to-earnings-growth ratio of 1.57 and a beta of 0.57. Dicks Sporting Goods has a 1 year low of $23.88 and a 1 year high of $56.25.
Dicks Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.04. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate 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 period in the previous year, the firm earned $0.48 EPS. equities research analysts predict that Dicks Sporting Goods will post 2.97 earnings per share for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Nordea Investment Management AB lifted its stake in Dicks Sporting Goods by 0.5% during the 2nd quarter. Nordea Investment Management AB now owns 5,106 shares of the sporting goods retailer’s stock valued at $203,000 after acquiring an additional 26 shares during the period. Northwestern Mutual Investment Management Company LLC lifted its stake in Dicks Sporting Goods by 1.6% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 15,395 shares of the sporting goods retailer’s stock valued at $694,000 after acquiring an additional 241 shares during the period. State of Tennessee Treasury Department lifted its stake in shares of Dicks Sporting Goods by 0.4% in the 2nd quarter. State of Tennessee Treasury Department now owns 98,098 shares of the sporting goods retailer’s stock worth $3,907,000 after purchasing an additional 398 shares during the period. Alliancebernstein L.P. lifted its stake in shares of Dicks Sporting Goods by 0.8% in the 2nd quarter. Alliancebernstein L.P. now owns 58,027 shares of the sporting goods retailer’s stock worth $2,311,000 after purchasing an additional 455 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Dicks Sporting Goods by 30.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,823 shares of the sporting goods retailer’s stock worth $113,000 after purchasing an additional 653 shares during the period. Institutional investors and hedge funds own 72.81% of the company’s stock.
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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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