Dick’s Sporting Goods Inc (NYSE:DKS)‘s stock had its “buy” rating restated by analysts at Stifel Nicolaus in a report released on Thursday. They presently have a $54.00 target price on the sporting goods retailer’s stock. Stifel Nicolaus’ price target points to a potential upside of 59.72% from the stock’s current price.

DKS has been the subject of a number of other reports. Zacks Investment Research lowered Dick’s Sporting Goods from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Credit Suisse Group set a $44.00 target price on Dick’s Sporting Goods and gave the company a “hold” rating in a research report on Monday. BidaskClub lowered Dick’s Sporting Goods from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Telsey Advisory Group lowered Dick’s Sporting Goods from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $52.00 to $40.00 in a research report on Monday, July 24th. Finally, B. Riley reaffirmed a “buy” rating and set a $64.00 target price on shares of Dick’s Sporting Goods in a research report on Friday, May 12th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $55.43.

Shares of Dick’s Sporting Goods (NYSE DKS) traded down 8.40% during trading on Thursday, reaching $33.81. 5,226,889 shares of the company were exchanged. Dick’s Sporting Goods has a one year low of $33.49 and a one year high of $62.88. The company has a market capitalization of $3.80 billion, a PE ratio of 13.09 and a beta of 0.47. The firm’s 50 day moving average price is $37.83 and its 200 day moving average price is $45.30.

Dick’s Sporting Goods (NYSE:DKS) last released 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 business had revenue of $1.83 billion during 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%. Dick’s Sporting Goods’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.50 EPS. Equities research analysts forecast that Dick’s Sporting Goods will post $3.65 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This news story was originally reported by Daily Political and is the property of of Daily Political. If you are reading this news story on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark legislation. The correct version of this news story can be read at https://www.dailypolitical.com/2017/08/10/dicks-sporting-goods-inc-nysedks-receives-buy-rating-from-stifel-nicolaus.html.

Several hedge funds have recently modified their holdings of the stock. UBS Asset Management Americas Inc. increased its stake in shares of Dick’s Sporting Goods by 69.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 437,486 shares of the sporting goods retailer’s stock worth $23,231,000 after buying an additional 179,276 shares during the period. Macquarie Group Ltd. increased its stake in shares of Dick’s Sporting Goods by 11.5% in the fourth quarter. Macquarie Group Ltd. now owns 51,353 shares of the sporting goods retailer’s stock worth $2,727,000 after buying an additional 5,289 shares during the period. Gulf International Bank UK Ltd increased its stake in shares of Dick’s Sporting Goods by 0.6% in the first quarter. Gulf International Bank UK Ltd now owns 31,233 shares of the sporting goods retailer’s stock worth $1,519,000 after buying an additional 200 shares during the period. Bank of Montreal Can increased its stake in shares of Dick’s Sporting Goods by 17.1% in the first quarter. Bank of Montreal Can now owns 70,827 shares of the sporting goods retailer’s stock worth $3,447,000 after buying an additional 10,366 shares during the period. Finally, Gradient Investments LLC acquired a new stake in shares of Dick’s Sporting Goods during the first quarter worth about $293,000. Hedge funds and other institutional investors own 79.11% of the company’s stock.

About Dick’s Sporting Goods

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)

Receive News & Ratings for Dick's Sporting Goods Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dick's Sporting Goods Inc and related companies with MarketBeat.com's FREE daily email newsletter.