Dick’s Sporting Goods Inc. (NYSE:DKS) reached a new 52-week high on Thursday . The company traded as high as $55.00 and last traded at $54.31, with a volume of 929,062 shares trading hands. The stock had previously closed at $53.70.

Several research firms have recently commented on DKS. Zacks Investment Research cut Dick’s Sporting Goods from a “hold” rating to a “sell” rating in a research note on Tuesday, May 10th. Goldman Sachs Group Inc. raised Dick’s Sporting Goods from a “neutral” rating to a “buy” rating and set a $53.00 target price for the company in a research note on Thursday, May 26th. Deutsche Bank AG reissued a “buy” rating and issued a $52.00 target price on shares of Dick’s Sporting Goods in a research note on Thursday, April 14th. Morgan Stanley cut Dick’s Sporting Goods from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $46.59 to $39.00 in a research note on Thursday, May 5th. Finally, Forward View reissued a “strong-buy” rating on shares of Dick’s Sporting Goods in a research note on Friday, April 22nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $50.97.

The company’s 50-day moving average is $48.44 and its 200-day moving average is $44.44. The stock has a market cap of $6.23 billion and a P/E ratio of 19.46.

Dick’s Sporting Goods (NYSE:DKS) last issued its earnings results on Thursday, May 19th. The sporting goods retailer reported $0.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.01. The firm earned $1.70 billion during the quarter, compared to analyst estimates of $1.67 billion. The business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.53 earnings per share. On average, analysts expect that Dick’s Sporting Goods Inc. will post $2.83 EPS for the current fiscal year.

A number of institutional investors have made changes to their positions in DKS. Royce & Associates LLC boosted its position 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 valued at $3,871,000 after buying an additional 43,000 shares during the last quarter. Trexquant Investment LP boosted its position 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 during the last quarter. Mizuho Trust & Banking Co. Ltd. boosted its position 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 valued at $4,840,000 after buying an additional 1,627 shares during the last quarter. State of Tennessee Treasury Department boosted its position 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 valued at $6,886,000 after buying an additional 50,000 shares during the last quarter. Finally, KBC Group NV boosted its position in shares of Dick’s Sporting Goods by 5,046.1% in the fourth quarter. KBC Group NV now owns 305,832 shares of the sporting goods retailer’s stock valued at $10,811,000 after buying an additional 299,889 shares during the last quarter.

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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