Recent Research Analysts’ Ratings Changes for Dicks Sporting Goods (DKS)

A number of firms have modified their ratings and price targets on shares of Dicks Sporting Goods (NYSE: DKS) recently:

  • 6/6/2018 – Dicks Sporting Goods was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
  • 5/31/2018 – Dicks Sporting Goods was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
  • 5/31/2018 – Dicks Sporting Goods was upgraded by analysts at Wolfe Research from an “underperform” rating to a “peer perform” rating.
  • 5/31/2018 – Dicks Sporting Goods had its price target raised by analysts at JPMorgan Chase & Co. from $43.00 to $46.00. They now have an “overweight” rating on the stock.
  • 5/31/2018 – Dicks Sporting Goods had its price target raised by analysts at Telsey Advisory Group from $42.00 to $44.00. They now have an “outperform” rating on the stock.
  • 5/31/2018 – Dicks Sporting Goods had its “neutral” rating reaffirmed by analysts at Wedbush. They now have a $37.00 price target on the stock, up previously from $32.00.
  • 5/31/2018 – Dicks Sporting Goods had its price target raised by analysts at Morgan Stanley from $33.00 to $35.00. They now have an “equal weight” rating on the stock.
  • 5/31/2018 – Dicks Sporting Goods had its price target raised by analysts at Buckingham Research from $40.00 to $46.00. They now have a “buy” rating on the stock.
  • 5/31/2018 – Dicks Sporting Goods had its price target raised by analysts at Citigroup Inc from $38.00 to $41.00. They now have a “buy” rating on the stock.
  • 5/31/2018 – Dicks Sporting Goods was given a new $45.00 price target on by analysts at Deutsche Bank AG. They now have a “buy” rating on the stock.
  • 5/31/2018 – Dicks Sporting Goods had its price target raised by analysts at Deutsche Bank AG to $45.00. They now have a “buy” rating on the stock.
  • 5/30/2018 – Dicks Sporting Goods had its price target raised by analysts at Robert W. Baird from $38.70 to $39.00. They now have a “neutral” rating on the stock.
  • 5/30/2018 – Dicks Sporting Goods was given a new $35.00 price target on by analysts at Credit Suisse Group AG. They now have a “hold” rating on the stock.
  • 5/29/2018 – Dicks Sporting Goods was given a new $32.00 price target on by analysts at Canaccord Genuity. They now have a “hold” rating on the stock.
  • 5/2/2018 – Dicks Sporting Goods was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.

Shares of NYSE DKS traded up $0.18 during midday trading on Thursday, reaching $37.40. The company had a trading volume of 2,929,343 shares, compared to its average volume of 3,403,969. The stock has a market cap of $3.83 billion, a P/E ratio of 12.43, a P/E/G ratio of 1.23 and a beta of 0.51. Dicks Sporting Goods Inc has a 1 year low of $23.88 and a 1 year high of $41.61. The company has a current ratio of 1.65, a quick ratio of 0.24 and a debt-to-equity ratio of 0.18.

Dicks Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Wednesday, May 30th. The sporting goods retailer reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.14. The business had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Dicks Sporting Goods had a net margin of 3.75% and a return on equity of 16.98%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the company posted $0.54 earnings per share. sell-side analysts forecast that Dicks Sporting Goods Inc will post 3.06 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 8th will be issued a $0.225 dividend. The ex-dividend date of this dividend is Thursday, June 7th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.41%. Dicks Sporting Goods’s dividend payout ratio is currently 29.90%.

Several hedge funds and other institutional investors have recently bought and sold shares of DKS. Schwab Charles Investment Management Inc. raised its holdings in shares of Dicks Sporting Goods by 11.4% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 488,057 shares of the sporting goods retailer’s stock worth $14,027,000 after buying an additional 50,035 shares during the last quarter. Aperio Group LLC raised its holdings in shares of Dicks Sporting Goods by 18.6% during the fourth quarter. Aperio Group LLC now owns 75,933 shares of the sporting goods retailer’s stock worth $2,182,000 after purchasing an additional 11,934 shares during the last quarter. Crossmark Global Holdings Inc. raised its holdings in shares of Dicks Sporting Goods by 53.8% during the fourth quarter. Crossmark Global Holdings Inc. now owns 18,644 shares of the sporting goods retailer’s stock worth $536,000 after purchasing an additional 6,522 shares during the last quarter. ING Groep NV raised its holdings in shares of Dicks Sporting Goods by 20.4% during the fourth quarter. ING Groep NV now owns 12,478 shares of the sporting goods retailer’s stock worth $359,000 after purchasing an additional 2,110 shares during the last quarter. Finally, California Public Employees Retirement System raised its holdings in shares of Dicks Sporting Goods by 23.6% during the fourth quarter. California Public Employees Retirement System now owns 279,622 shares of the sporting goods retailer’s stock worth $8,036,000 after purchasing an additional 53,427 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Dick's Sporting Goods, Inc operates as a sporting goods retailer primarily in the eastern United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories. The company also owns and operates Golf Galaxy, Field & Stream, and other specialty concept stores; and e-commerce Websites, as well as Dick's Team Sports HQ, a youth sports digital platform that offers free league management services, mobile apps for scheduling, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.

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