Forward View Upgrades Dick’s Sporting Goods, Inc. (DKS) to “Buy”

Dick’s Sporting Goods, Inc. (NYSE:DKS) was upgraded by research analysts at Forward View from a “sell” rating to a “buy” rating in a research note issued to investors on Thursday. The firm currently has a $30.00 price target on the sporting goods retailer’s stock. Forward View’s price target would suggest a potential upside of 4.17% from the stock’s previous close. Forward View also issued estimates for Dick’s Sporting Goods’ FY2019 earnings at $2.49 EPS.

Several other brokerages have also weighed in on DKS. Citigroup Inc. lowered Dick’s Sporting Goods from a “buy” rating to a “neutral” rating and set a $30.00 price objective for the company. in a research report on Wednesday, August 16th. Wells Fargo & Company set a $29.00 price objective on Dick’s Sporting Goods and gave the stock a “hold” rating in a research report on Wednesday, October 11th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Dick’s Sporting Goods in a research report on Thursday, August 24th. Monness Crespi & Hardt lowered Dick’s Sporting Goods from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 16th. Finally, Guggenheim restated a “neutral” rating on shares of Dick’s Sporting Goods in a research report on Wednesday, August 16th. Two research analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $33.12.

Dick’s Sporting Goods (NYSE DKS) opened at $28.80 on Thursday. The firm has a market capitalization of $3,060.00, a P/E ratio of 8.20, a P/E/G ratio of 1.11 and a beta of 0.48. Dick’s Sporting Goods has a 52-week low of $23.88 and a 52-week high of $62.80. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.51 and a quick ratio of 0.24.

Dick’s Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.04. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.90 billion. Dick’s Sporting Goods had a return on equity of 7.80% and a net margin of 1.90%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.48 earnings per share. analysts anticipate that Dick’s Sporting Goods will post 2.93 EPS for the current fiscal year.

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In other news, Director William J. Colombo acquired 20,000 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were bought at an average price of $26.25 per share, with a total value of $525,000.00. Following the completion of the acquisition, the director now owns 323,224 shares in the company, valued at approximately $8,484,630. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 23.09% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DKS. Teachers Advisors LLC grew its holdings in shares of Dick’s Sporting Goods by 18.0% during the first quarter. Teachers Advisors LLC now owns 173,167 shares of the sporting goods retailer’s stock worth $8,426,000 after buying an additional 26,401 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Dick’s Sporting Goods by 4.7% during the first quarter. Dimensional Fund Advisors LP now owns 875,436 shares of the sporting goods retailer’s stock worth $42,600,000 after buying an additional 39,248 shares during the last quarter. Capstone Asset Management Co. grew its holdings in shares of Dick’s Sporting Goods by 2.7% during the second quarter. Capstone Asset Management Co. now owns 11,462 shares of the sporting goods retailer’s stock worth $457,000 after buying an additional 300 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of Dick’s Sporting Goods by 13.0% during the second quarter. Bank of Montreal Can now owns 80,022 shares of the sporting goods retailer’s stock worth $3,187,000 after buying an additional 9,195 shares during the last quarter. Finally, Creative Planning grew its holdings in shares of Dick’s Sporting Goods by 72.2% during 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. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Dick`s Sporting Goods (NYSE:DKS)

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