Dick’s Sporting Goods, Inc. (NYSE:DKS) had its target price reduced by analysts at Buckingham Research from $26.00 to $25.00 in a research note issued on Wednesday. The brokerage currently has a “neutral” rating on the sporting goods retailer’s stock. Buckingham Research’s target price suggests a potential downside of 10.62% from the stock’s current price.

DKS has been the subject of a number of other reports. BidaskClub downgraded Dick’s Sporting Goods from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Wells Fargo & Company set a $29.00 price objective on Dick’s Sporting Goods and gave the company a “hold” rating in a report on Wednesday, October 11th. BMO Capital Markets restated a “buy” rating and issued a $37.00 price objective on shares of Dick’s Sporting Goods in a report on Thursday, November 2nd. Cowen and Company restated a “hold” rating and issued a $28.00 price objective on shares of Dick’s Sporting Goods in a report on Thursday, September 28th. Finally, Credit Suisse Group set a $44.00 price objective on Dick’s Sporting Goods and gave the company a “hold” rating in a report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $33.12.

Dick’s Sporting Goods (NYSE:DKS) traded up $1.11 during midday trading on Wednesday, reaching $27.97. The company had a trading volume of 5,116,100 shares, compared to its average volume of 2,972,294. The firm has a market capitalization of $3,150.00, a P/E ratio of 8.61, a price-to-earnings-growth ratio of 1.15 and a beta of 0.48. Dick’s Sporting Goods has a 1-year low of $23.88 and a 1-year high of $62.80. The company has a quick ratio of 0.24, a current ratio of 1.61 and a debt-to-equity ratio of 0.28.

Dick’s Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.04. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.90 billion. Dick’s Sporting Goods had a return on equity of 7.80% and a net margin of 1.90%. Dick’s Sporting Goods’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 earnings per share. sell-side analysts anticipate that Dick’s Sporting Goods will post 2.95 earnings per share for the current year.

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In other news, Director William J. Colombo bought 20,000 shares of the company’s stock in a transaction on 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 transaction, the director now directly owns 323,224 shares in the company, valued at $8,484,630. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 23.09% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of the business. Nordea Investment Management AB lifted its position in shares of Dick’s Sporting Goods by 0.5% during the 2nd quarter. Nordea Investment Management AB now owns 5,106 shares of the sporting goods retailer’s stock worth $203,000 after buying an additional 26 shares in the last quarter. US Bancorp DE raised its holdings in shares of Dick’s Sporting Goods by 0.8% in the 2nd quarter. US Bancorp DE now owns 22,635 shares of the sporting goods retailer’s stock worth $901,000 after purchasing an additional 174 shares during the period. Northwestern Mutual Investment Management Company LLC raised its holdings in shares of Dick’s Sporting Goods by 1.6% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 15,395 shares of the sporting goods retailer’s stock worth $694,000 after purchasing an additional 241 shares during the period. Investment Counselors of Maryland LLC raised its holdings in shares of Dick’s Sporting Goods by 1.1% in the 2nd quarter. Investment Counselors of Maryland LLC now owns 25,331 shares of the sporting goods retailer’s stock worth $1,009,000 after purchasing an additional 275 shares during the period. Finally, Capstone Asset Management Co. raised its holdings in shares of Dick’s Sporting Goods by 2.7% in the 2nd quarter. Capstone Asset Management Co. now owns 11,462 shares of the sporting goods retailer’s stock worth $457,000 after purchasing an additional 300 shares during the period. 75.92% 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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