Dick’s Sporting Goods Inc (DKS) Downgraded by Wolfe Research

Dick’s Sporting Goods Inc (NYSE:DKS) was downgraded by analysts at Wolfe Research from an “outperform” rating to a “peer perform” rating in a research report issued on Tuesday.

A number of other research analysts have also commented on the company. Telsey Advisory Group lowered Dick’s Sporting Goods from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $52.00 to $40.00 in a report on Monday. Canaccord Genuity reissued a “buy” rating and set a $52.00 price target on shares of Dick’s Sporting Goods in a report on Friday. Zacks Investment Research raised Dick’s Sporting Goods from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Buckingham Research assumed coverage on Dick’s Sporting Goods in a report on Monday, July 17th. They set a “buy” rating and a $45.00 price target on the stock. Finally, ValuEngine raised Dick’s Sporting Goods from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $56.48.

Shares of Dick’s Sporting Goods (NYSE:DKS) traded up 1.780% during trading on Tuesday, reaching $35.745. 2,045,461 shares of the company’s stock traded hands. Dick’s Sporting Goods has a 1-year low of $34.55 and a 1-year high of $62.88. The company has a 50 day moving average of $38.89 and a 200-day moving average of $46.62. The company has a market capitalization of $4.02 billion, a price-to-earnings ratio of 13.844 and a beta of 0.48.

Dick’s Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Tuesday, May 16th. The sporting goods retailer reported $0.54 EPS for the quarter, meeting analysts’ consensus estimates of $0.54. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.83 billion. Dick’s Sporting Goods had a return on equity of 18.61% and a net margin of 3.57%. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period last year, the company earned $0.50 earnings per share. Equities analysts predict that Dick’s Sporting Goods will post $3.67 earnings per share for the current year.

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Several large investors have recently made changes to their positions in DKS. Point72 Asia Hong Kong Ltd purchased a new stake in shares of Dick’s Sporting Goods during the first quarter valued at about $114,000. Creative Planning raised its stake 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 valued at $106,000 after buying an additional 1,118 shares in the last quarter. James Investment Research Inc. raised its stake 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 valued at $143,000 after buying an additional 200 shares in the last quarter. Integrated Investment Consultants LLC raised its stake in shares of Dick’s Sporting Goods by 232.1% in the first quarter. Integrated Investment Consultants LLC now owns 3,487 shares of the sporting goods retailer’s stock valued at $170,000 after buying an additional 2,437 shares in the last quarter. Finally, Verity Asset Management Inc. purchased a new stake in shares of Dick’s Sporting Goods during the first quarter valued at about $206,000. Institutional investors and hedge funds own 78.91% 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.

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

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