Raymond James started coverage on shares of Dicks Sporting Goods (NYSE:DKS) in a research note issued to investors on Tuesday, The Fly reports. The brokerage set an “underperform” rating on the sporting goods retailer’s stock.
Other equities analysts have also recently issued research reports about the company. Goldman Sachs Group raised Dicks Sporting Goods from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $38.00 to $45.00 in a research note on Friday, October 25th. ValuEngine cut Dicks Sporting Goods from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. UBS Group lifted their price target on Dicks Sporting Goods from $37.00 to $42.00 and gave the stock a “neutral” rating in a research note on Friday, September 27th. TheStreet raised Dicks Sporting Goods from a “c+” rating to a “b-” rating in a research note on Thursday, September 19th. Finally, Morgan Stanley set a $36.00 price target on Dicks Sporting Goods and gave the stock a “hold” rating in a research note on Thursday, August 22nd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $41.43.
DKS traded up $0.45 during trading on Tuesday, reaching $41.39. The company had a trading volume of 110,163 shares, compared to its average volume of 1,591,609. The firm’s 50-day simple moving average is $39.33 and its 200 day simple moving average is $36.53. The company has a market cap of $3.72 billion, a price-to-earnings ratio of 12.77, a PEG ratio of 1.94 and a beta of 0.58. Dicks Sporting Goods has a 12-month low of $29.69 and a 12-month high of $41.53. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.17 and a current ratio of 1.28.
Dicks Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Thursday, August 22nd. The sporting goods retailer reported $1.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.05. The firm had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Dicks Sporting Goods had a return on equity of 16.96% and a net margin of 3.64%. Dicks Sporting Goods’s revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the business posted $1.20 EPS. On average, sell-side analysts expect that Dicks Sporting Goods will post 3.38 EPS for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Signaturefd LLC increased its position in Dicks Sporting Goods by 37.7% in the 2nd quarter. Signaturefd LLC now owns 1,986 shares of the sporting goods retailer’s stock worth $69,000 after buying an additional 544 shares during the period. Investors Research Corp increased its position in Dicks Sporting Goods by 23.5% in the 2nd quarter. Investors Research Corp now owns 2,100 shares of the sporting goods retailer’s stock worth $73,000 after buying an additional 400 shares during the period. Clarus Wealth Advisors bought a new position in Dicks Sporting Goods in the 2nd quarter worth approximately $81,000. DekaBank Deutsche Girozentrale bought a new position in Dicks Sporting Goods in the 2nd quarter worth approximately $158,000. Finally, USA Financial Portformulas Corp increased its position in Dicks Sporting Goods by 52.3% in the 2nd quarter. USA Financial Portformulas Corp now owns 4,841 shares of the sporting goods retailer’s stock worth $178,000 after buying an additional 1,662 shares during the period. Hedge funds and other institutional investors own 79.95% of the company’s stock.
Dicks Sporting Goods Company Profile
Dick's Sporting Goods, Inc operates as a sporting goods retailer primarily in the eastern United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories. The company also owns and operates Golf Galaxy, Field & Stream, and other specialty concept stores; and e-commerce Websites, as well as Dick's Team Sports HQ, a youth sports digital platform that offers free league management services, mobile apps, free league management services, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.
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