Dick’s Sporting Goods Inc. (NYSE:DKS)’s share price reached a new 52-week high during 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 changing hands. The stock had previously closed at $51.83.

DKS has been the subject of several recent research reports. Canaccord Genuity reaffirmed a “buy” rating and issued a $52.00 price target on shares of Dick’s Sporting Goods in a report on Monday, May 9th. Vetr cut Dick’s Sporting Goods from a “strong-buy” rating to a “buy” rating and set a $47.33 price target for the company. in a report on Monday, May 9th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $52.00 price target on shares of Dick’s Sporting Goods in a report on Thursday, April 14th. MKM Partners initiated coverage on Dick’s Sporting Goods in a report on Thursday, April 28th. They issued a “buy” rating and a $56.00 price target for the company. Finally, Sterne Agee CRT reaffirmed a “buy” rating and issued a $55.00 price target on shares of Dick’s Sporting Goods in a report on Monday, May 16th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. Dick’s Sporting Goods presently has a consensus rating of “Buy” and a consensus price target of $50.64.

The stock’s 50 day moving average is $47.34 and its 200-day moving average is $44.01. The stock has a market cap of $6.10 billion and a PE ratio of 19.05.

Dick’s Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Thursday, May 19th. The sporting goods retailer reported $0.50 earnings per share (EPS) for the quarter, topping the 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 quarter last year, the company posted $0.53 earnings per share. The firm’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.

Other hedge funds have modified their holdings of the company. Trexquant Investment LP boosted its stake in shares of 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 valued at $2,942,000 after buying an additional 66,315 shares in the last quarter. Andra AP fonden boosted its stake in shares of 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. Royce & Associates LLC boosted its stake in shares of 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. Mizuho Trust & Banking Co. Ltd. boosted its stake in shares of Dick’s Sporting Goods by 1.2% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 137,469 shares of the sporting goods retailer’s stock worth $4,840,000 after buying an additional 1,627 shares during the period. Finally, State of Tennessee Treasury Department boosted its stake in shares of Dick’s Sporting Goods by 34.5% in the fourth quarter. State of Tennessee Treasury Department now owns 194,800 shares of the sporting goods retailer’s stock worth $6,886,000 after buying an additional 50,000 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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