Research analysts at Nomura assumed coverage on shares of Dicks Sporting Goods (NYSE:DKS) in a report issued on Friday, Benzinga’s Daily Ratings Newsletter reports. The firm set a “neutral” rating and a $42.00 price target on the sporting goods retailer’s stock. Nomura’s target price indicates a potential upside of 2.64% from the stock’s previous close.
Several other equities research analysts have also issued reports on DKS. Bank of America lifted their price objective on Dicks Sporting Goods from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. TheStreet upgraded Dicks Sporting Goods from a “c+” rating to a “b-” rating in a report on Thursday, September 19th. Stifel Nicolaus boosted their price target on Dicks Sporting Goods from $34.00 to $38.00 and gave the company a “hold” rating in a report on Wednesday, September 18th. Morgan Stanley set a $36.00 price objective on Dicks Sporting Goods and gave the company a “hold” rating in a research report on Thursday, August 22nd. Finally, UBS Group lifted their price objective on Dicks Sporting Goods from $37.00 to $42.00 and gave the company a “neutral” rating in a research report on Friday, September 27th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. Dicks Sporting Goods currently has an average rating of “Hold” and an average target price of $41.47.
NYSE:DKS traded down $0.47 on Friday, hitting $40.92. The stock had a trading volume of 44,799 shares, compared to its average volume of 1,602,414. The business’s fifty day moving average is $39.41 and its 200 day moving average is $36.55. The company has a market cap of $3.65 billion, a PE ratio of 12.65, a P/E/G ratio of 1.99 and a beta of 0.58. The company has a quick ratio of 0.17, a current ratio of 1.28 and a debt-to-equity ratio of 1.73. Dicks Sporting Goods has a 52 week low of $29.69 and a 52 week high of $41.59.
Dicks Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Thursday, August 22nd. The sporting goods retailer reported $1.26 EPS for the quarter, topping the consensus estimate of $1.21 by $0.05. Dicks Sporting Goods had a return on equity of 16.96% and a net margin of 3.64%. The firm had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same period in the prior year, the business posted $1.20 earnings per share. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. Equities analysts predict that Dicks Sporting Goods will post 3.38 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC lifted its stake in Dicks Sporting Goods by 32.4% in the 1st quarter. FMR LLC now owns 1,431,090 shares of the sporting goods retailer’s stock worth $52,679,000 after acquiring an additional 350,515 shares in the last quarter. Investors Research Corp grew its holdings 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 valued at $73,000 after buying an additional 400 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in Dicks Sporting Goods in the 2nd quarter valued at approximately $435,000. Empirical Finance LLC grew its holdings in shares of Dicks Sporting Goods by 0.9% during the 2nd quarter. Empirical Finance LLC now owns 66,946 shares of the sporting goods retailer’s stock worth $2,318,000 after purchasing an additional 583 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Dicks Sporting Goods by 22.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 21,630 shares of the sporting goods retailer’s stock worth $749,000 after purchasing an additional 4,000 shares in the last quarter. Hedge funds and other institutional investors own 79.95% of the company’s stock.
About Dicks Sporting Goods
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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