Stifel Nicolaus reaffirmed their buy rating on shares of Dick’s Sporting Goods Inc (NYSE:DKS) in a research note issued to investors on Thursday morning. Stifel Nicolaus currently has a $54.00 target price on the sporting goods retailer’s stock.
DKS has been the subject of several other reports. BidaskClub lowered shares of Dick’s Sporting Goods from a sell rating to a strong sell rating in a research report on Tuesday, July 25th. Credit Suisse Group reaffirmed a hold rating and issued a $55.00 price objective on shares of Dick’s Sporting Goods in a research report on Thursday, June 29th. Zacks Investment Research lowered shares of Dick’s Sporting Goods from a hold rating to a sell rating in a research report on Thursday, July 27th. Canaccord Genuity set a $67.00 price objective on shares of Dick’s Sporting Goods and gave the company a buy rating in a research report on Monday, May 15th. Finally, Cleveland Research lowered shares of Dick’s Sporting Goods from a buy rating to a hold rating in a research report on Monday, July 10th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty have assigned a buy rating to the stock. Dick’s Sporting Goods currently has an average rating of Hold and a consensus target price of $55.09.
Dick’s Sporting Goods (NYSE DKS) traded up 0.56% during midday trading on Thursday, hitting $34.00. 3,631,632 shares of the stock traded hands. The company has a market cap of $3.82 billion, a price-to-earnings ratio of 13.17 and a beta of 0.47. Dick’s Sporting Goods has a 52-week low of $33.32 and a 52-week high of $62.88. The firm’s 50-day moving average is $37.58 and its 200-day moving average is $45.09.
Dick’s Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Tuesday, May 16th. The sporting goods retailer reported $0.54 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.54. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.83 billion. Dick’s Sporting Goods had a net margin of 3.57% and a return on equity of 18.61%. Dick’s Sporting Goods’s revenue was up 9.9% on a year-over-year basis. During the same period last year, the firm posted $0.50 EPS. Analysts predict that Dick’s Sporting Goods will post $3.65 EPS for the current year.
COPYRIGHT VIOLATION NOTICE: This piece was posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this piece on another domain, it was stolen and reposted in violation of international trademark & copyright laws. The correct version of this piece can be viewed at https://stocknewstimes.com/2017/08/12/dicks-sporting-goods-inc-dks-stock-rating-reaffirmed-by-stifel-nicolaus.html.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Creative Planning raised its position in shares of Dick’s Sporting Goods by 72.2% in the second quarter. Creative Planning now owns 2,667 shares of the sporting goods retailer’s stock worth $106,000 after buying an additional 1,118 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Dick’s Sporting Goods by 30.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,823 shares of the sporting goods retailer’s stock worth $113,000 after buying an additional 653 shares during the last quarter. Point72 Asia Hong Kong Ltd purchased a new position in shares of Dick’s Sporting Goods during the first quarter worth $114,000. James Investment Research Inc. raised its position in shares of Dick’s Sporting Goods by 7.3% in the first quarter. James Investment Research Inc. now owns 2,933 shares of the sporting goods retailer’s stock worth $143,000 after buying an additional 200 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in shares of Dick’s Sporting Goods by 0.5% in the second quarter. Nordea Investment Management AB now owns 5,106 shares of the sporting goods retailer’s stock worth $203,000 after buying an additional 26 shares during the last quarter. Institutional investors own 79.11% of the company’s stock.
Dick’s 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.
Receive News & Ratings for Dick's Sporting Goods Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dick's Sporting Goods Inc and related companies with MarketBeat.com's FREE daily email newsletter.
