Dick’s Sporting Goods Inc. (NYSE:DKS)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $54.10 and last traded at $53.79, with a volume of 1,677,346 shares traded. The stock had previously closed at $51.83.

Several research firms have recently issued reports on DKS. Cleveland Research raised Dick’s Sporting Goods from a “neutral” rating to a “buy” rating in a research report on Friday. Vetr lowered Dick’s Sporting Goods from a “buy” rating to a “hold” rating and set a $53.33 target price for the company. in a research report on Monday. TheStreet raised Dick’s Sporting Goods from a “hold” rating to a “buy” rating in a research report on Friday, July 29th. Citigroup Inc. boosted their target price on Dick’s Sporting Goods from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Goldman Sachs Group Inc. boosted their target price on Dick’s Sporting Goods from $53.00 to $56.00 and gave the stock a “buy” rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $50.64.

The stock has a market cap of $6.10 billion and a price-to-earnings ratio of 19.05. The stock has a 50-day moving average price of $46.97 and a 200-day moving average price of $43.94.

Dick’s Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Thursday, May 19th. The sporting goods retailer reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.01. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period last year, the firm posted $0.53 EPS. The business’s quarterly revenue was up 6.1% on a year-over-year basis. On average, analysts forecast that Dick’s Sporting Goods Inc. will post $2.82 earnings per share for the current fiscal year.

A number of institutional investors recently added to or reduced their stakes in DKS. PNC Financial Services Group Inc. raised its position in Dick’s Sporting Goods by 33.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 36,218 shares of the sporting goods retailer’s stock worth $1,281,000 after buying an additional 8,989 shares during the period. Pensionfund DSM Netherlands bought a new position in Dick’s Sporting Goods during the fourth quarter worth $1,980,000. Trexquant Investment LP raised its position in Dick’s Sporting Goods by 392.4% in the fourth quarter. Trexquant Investment LP now owns 83,215 shares of the sporting goods retailer’s stock worth $2,942,000 after buying an additional 66,315 shares during the period. Andra AP fonden raised its position in Dick’s Sporting Goods by 76.0% in the fourth quarter. Andra AP fonden now owns 108,400 shares of the sporting goods retailer’s stock worth $3,832,000 after buying an additional 46,800 shares during the period. Finally, Royce & Associates LLC raised its position in Dick’s Sporting Goods by 64.7% in the fourth quarter. Royce & Associates LLC now owns 109,500 shares of the sporting goods retailer’s stock worth $3,871,000 after buying an additional 43,000 shares during the period.

DICK’S Sporting Goods, Inc is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories. The Company offers hardlines, such as sporting goods equipment, fitness equipment, golf equipment and hunting and fishing gear. The Company also owns and operates Golf Galaxy, Field & Stream and True Runner specialty stores.

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