Shares of Dick’s Sporting Goods Inc (NYSE:DKS) have received a consensus recommendation of “Hold” from the thirty-four brokerages that are currently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell rating, twenty-six have given a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $35.60.

Several equities analysts recently weighed in on DKS shares. Zacks Investment Research downgraded Dick’s Sporting Goods from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Buckingham Research started coverage on Dick’s Sporting Goods in a research report on Monday, July 17th. They set a “buy” rating and a $45.00 target price on the stock. Canaccord Genuity reiterated a “buy” rating and set a $52.00 target price on shares of Dick’s Sporting Goods in a research report on Friday, July 21st. Telsey Advisory Group downgraded Dick’s Sporting Goods from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $52.00 to $40.00 in a research report on Monday, July 24th. Finally, Wolfe Research downgraded Dick’s Sporting Goods from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, July 25th.

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Shares of Dick’s Sporting Goods (DKS) traded up $1.36 on Monday, hitting $26.49. The company had a trading volume of 5,670,213 shares, compared to its average volume of 2,864,490. The company has a quick ratio of 0.24, a current ratio of 1.51 and a debt-to-equity ratio of 0.10. Dick’s Sporting Goods has a one year low of $23.88 and a one year high of $62.88. The company has a market capitalization of $2,900.00, a price-to-earnings ratio of 7.39, a P/E/G ratio of 1.07 and a beta of 0.48.

Dick’s Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Tuesday, August 15th. The sporting goods retailer reported $0.96 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by ($0.04). The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.16 billion. Dick’s Sporting Goods had a return on equity of 19.09% and a net margin of 3.74%. The business’s revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.82 EPS. research analysts anticipate that Dick’s Sporting Goods will post 2.88 earnings per share for the current fiscal year.

In other Dick’s Sporting Goods news, Director William J. Colombo bought 20,000 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The shares were purchased at an average price 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 in the company, valued at approximately $8,484,630. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 23.09% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Creative Planning grew 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 buying an additional 1,118 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew 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 buying an additional 653 shares during the last quarter. Toronto Dominion Bank grew its stake in shares of Dick’s Sporting Goods by 169.2% during the third quarter. Toronto Dominion Bank now owns 4,657 shares of the sporting goods retailer’s stock valued at $126,000 after buying an additional 2,927 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Dick’s Sporting Goods by 0.5% during the second quarter. Nordea Investment Management AB now owns 5,106 shares of the sporting goods retailer’s stock valued at $203,000 after buying an additional 26 shares during the last quarter. Finally, QS Investors LLC grew its stake in shares of Dick’s Sporting Goods by 57,533.3% during the second quarter. QS Investors LLC now owns 5,187 shares of the sporting goods retailer’s stock valued at $207,000 after buying an additional 5,178 shares during the last quarter. 76.69% 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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