Dick’s Sporting Goods Inc (NYSE:DKS)‘s stock had its “outperform” rating reissued by investment analysts at BMO Capital Markets in a note issued to investors on Thursday.

A number of other equities research analysts have also recently weighed in on DKS. Telsey Advisory Group restated an “outperform” rating and issued a $52.00 price target (down previously from $67.00) on shares of Dick’s Sporting Goods in a research note on Wednesday, May 17th. Royal Bank Of Canada restated an “outperform” rating and issued a $50.00 price target (down previously from $61.00) on shares of Dick’s Sporting Goods in a research note on Wednesday, May 17th. Monness Crespi & Hardt restated a “buy” rating and issued a $52.00 price target (down previously from $60.00) on shares of Dick’s Sporting Goods in a research note on Wednesday, May 17th. Cowen and Company set a $55.00 price target on Dick’s Sporting Goods and gave the company a “buy” rating in a research note on Wednesday, May 17th. Finally, B. Riley reiterated a “buy” rating and set a $58.00 price objective on shares of Dick’s Sporting Goods in a research report on Wednesday, May 17th. Four analysts have rated the stock with a sell rating, twenty-five have given a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $40.93.

Shares of Dick’s Sporting Goods (NYSE:DKS) traded down 2.88% during trading on Thursday, reaching $27.36. 836,198 shares of the company were exchanged. The company has a 50 day moving average price of $30.92 and a 200-day moving average price of $41.36. Dick’s Sporting Goods has a one year low of $25.94 and a one year high of $62.88. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 9.82 and a beta of 0.52.

Dick’s Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Tuesday, August 15th. The sporting goods retailer reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.04). Dick’s Sporting Goods had a net margin of 3.74% and a return on equity of 19.09%. The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter last year, the company posted $0.82 EPS. The firm’s revenue was up 9.6% on a year-over-year basis. Equities analysts predict that Dick’s Sporting Goods will post $2.90 EPS for the current year.

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In other news, Director William J. Colombo purchased 20,000 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The shares were purchased at an average cost of $26.25 per share, with a total value of $525,000.00. Following the completion of the purchase, the director now owns 323,224 shares of the company’s stock, valued at approximately $8,484,630. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 23.09% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Point72 Asia Hong Kong Ltd acquired a new stake in shares of Dick’s Sporting Goods during the first quarter valued at about $114,000. Creative Planning boosted its stake in shares of Dick’s Sporting Goods by 72.2% during the second quarter. Creative Planning now owns 2,667 shares of the sporting goods retailer’s stock valued at $106,000 after purchasing an additional 1,118 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Dick’s Sporting Goods by 30.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,823 shares of the sporting goods retailer’s stock valued at $113,000 after purchasing an additional 653 shares in the last quarter. HPM Partners LLC acquired a new stake in shares of Dick’s Sporting Goods during the second quarter valued at about $272,000. Finally, Verity Asset Management Inc. acquired a new stake in shares of Dick’s Sporting Goods during the first quarter valued at about $206,000. 77.74% of the stock is currently owned by hedge funds and other institutional investors.

Dick’s Sporting Goods Company Profile

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)

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