DICK’S Sporting Goods (NYSE:DKS) Earns Neutral Rating from Wedbush

DICK’S Sporting Goods (NYSE:DKS)‘s stock had its “neutral” rating restated by analysts at Wedbush in a research note issued to investors on Wednesday,RTT News reports. They presently have a $215.00 price objective on the sporting goods retailer’s stock, down from their previous price objective of $250.00. Wedbush’s price objective indicates a potential upside of 0.63% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the company. Loop Capital boosted their target price on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a research note on Wednesday. UBS Group raised DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and increased their price objective for the company from $225.00 to $260.00 in a research note on Wednesday. JPMorgan Chase & Co. lifted their target price on shares of DICK’S Sporting Goods from $211.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Telsey Advisory Group reissued an “outperform” rating and set a $260.00 price target on shares of DICK’S Sporting Goods in a research report on Tuesday. Finally, DA Davidson restated a “buy” rating and issued a $265.00 price objective on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $244.95.

DICK’S Sporting Goods Price Performance

Shares of DKS traded up $1.44 during midday trading on Wednesday, reaching $213.66. The stock had a trading volume of 1,938,941 shares, compared to its average volume of 1,091,869. The company has a current ratio of 1.77, a quick ratio of 0.69 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $17.39 billion, a price-to-earnings ratio of 15.68, a price-to-earnings-growth ratio of 2.45 and a beta of 1.64. The company’s 50-day moving average is $205.76 and its 200 day moving average is $210.64. DICK’S Sporting Goods has a 12-month low of $120.39 and a 12-month high of $239.30.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.68 by $0.07. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The business had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.03 billion. During the same period last year, the business earned $2.85 earnings per share. The business’s quarterly revenue was up .5% on a year-over-year basis. On average, equities analysts predict that DICK’S Sporting Goods will post 13.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. raised its stake in shares of DICK’S Sporting Goods by 5.5% in the second quarter. Principal Financial Group Inc. now owns 239,451 shares of the sporting goods retailer’s stock worth $51,446,000 after purchasing an additional 12,396 shares during the last quarter. Swedbank AB bought a new stake in DICK’S Sporting Goods in the 1st quarter worth about $1,670,000. Kerusso Capital Management LLC purchased a new position in DICK’S Sporting Goods in the 3rd quarter worth about $1,554,000. &PARTNERS bought a new position in DICK’S Sporting Goods during the 2nd quarter valued at about $309,000. Finally, National Pension Service purchased a new stake in shares of DICK’S Sporting Goods during the 3rd quarter valued at about $4,195,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

About DICK’S Sporting Goods

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as an omni-channel sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and fishing gear products; apparel; and footwear and accessories.