Dicks Sporting Goods (DKS) Rating Increased to Buy at Buckingham Research

Dicks Sporting Goods (NYSE:DKS) was upgraded by stock analysts at Buckingham Research from a “neutral” rating to a “buy” rating in a report released on Wednesday.

Several other brokerages have also recently weighed in on DKS. Morgan Stanley reissued an “equal weight” rating and set a $28.00 price target on shares of Dicks Sporting Goods in a research report on Thursday, December 14th. Wells Fargo & Co set a $29.00 price target on shares of Dicks Sporting Goods and gave the company a “hold” rating in a research report on Wednesday, October 11th. Cowen set a $34.00 price target on shares of Dicks Sporting Goods and gave the company a “hold” rating in a research report on Friday, January 12th. BMO Capital Markets set a $40.00 price target on shares of Dicks Sporting Goods and gave the company a “buy” rating in a research report on Thursday, January 11th. Finally, Canaccord Genuity set a $34.00 price target on shares of Dicks Sporting Goods and gave the company a “hold” rating in a research report on Sunday, January 7th. Two research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $33.36.

Shares of Dicks Sporting Goods (NYSE:DKS) opened at $33.04 on Wednesday. The firm has a market cap of $3,521.74, a price-to-earnings ratio of 12.19, a price-to-earnings-growth ratio of 1.78 and a beta of 0.56. The company has a current ratio of 1.61, a quick ratio of 0.25 and a debt-to-equity ratio of 0.28. Dicks Sporting Goods has a 12-month low of $23.88 and a 12-month high of $54.03.

Dicks Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.04. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.90 billion. Dicks Sporting Goods had a net margin of 3.54% and a return on equity of 17.95%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.48 EPS. equities research analysts expect that Dicks Sporting Goods will post 2.98 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of DKS. Schwab Charles Investment Management Inc. increased its stake in shares of Dicks Sporting Goods by 10.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 324,610 shares of the sporting goods retailer’s stock worth $12,930,000 after acquiring an additional 31,712 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Dicks Sporting Goods by 2.6% in the 2nd quarter. Wells Fargo & Company MN now owns 574,455 shares of the sporting goods retailer’s stock worth $22,880,000 after acquiring an additional 14,814 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of Dicks Sporting Goods by 0.8% in the 2nd quarter. Alliancebernstein L.P. now owns 58,027 shares of the sporting goods retailer’s stock worth $2,311,000 after acquiring an additional 455 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Dicks Sporting Goods by 30.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,823 shares of the sporting goods retailer’s stock worth $113,000 after acquiring an additional 653 shares in the last quarter. Finally, Teachers Advisors LLC increased its stake in shares of Dicks Sporting Goods by 223.9% in the 2nd quarter. Teachers Advisors LLC now owns 560,895 shares of the sporting goods retailer’s stock worth $22,340,000 after acquiring an additional 387,728 shares in the last quarter. Institutional investors own 72.83% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This report was first reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://stocknewstimes.com/2018/01/19/dicks-sporting-goods-dks-rating-increased-to-buy-at-buckingham-research.html.

About Dicks Sporting Goods

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 Dicks Sporting Goods (NYSE:DKS)

Receive News & Ratings for Dicks Sporting Goods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dicks Sporting Goods and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply