Dick’s Sporting Goods Inc (NYSE:DKS) had its target price reduced by Royal Bank Of Canada from $26.00 to $24.00 in a report issued on Wednesday. The firm presently has a “sector perform” rating on the sporting goods retailer’s stock. Royal Bank Of Canada’s target price points to a potential downside of 6.21% from the stock’s previous close.
A number of other research firms have also recently weighed in on DKS. Credit Suisse Group set a $44.00 price objective on shares of Dick’s Sporting Goods and gave the company a “hold” rating in a research report on Monday, August 7th. Zacks Investment Research upgraded shares of Dick’s Sporting Goods from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Telsey Advisory Group cut shares of Dick’s Sporting Goods from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $52.00 to $40.00 in a research report on Monday, July 24th. Canaccord Genuity reiterated a “buy” rating and set a $52.00 price objective on shares of Dick’s Sporting Goods in a research report on Friday, July 21st. Finally, OTR Global cut shares of Dick’s Sporting Goods to a “positive” rating in a research report on Wednesday, August 9th. Four investment analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and five have assigned a buy rating to the company’s stock. Dick’s Sporting Goods presently has an average rating of “Hold” and an average target price of $35.92.
Dick’s Sporting Goods (NYSE DKS) opened at $25.59 on Wednesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.24 and a current ratio of 1.51. Dick’s Sporting Goods has a 1 year low of $23.88 and a 1 year high of $62.80. The firm has a market cap of $2,878.49, a price-to-earnings ratio of 7.98, a price-to-earnings-growth ratio of 1.16 and a beta of 0.48.
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. Dick’s Sporting Goods had a net margin of 3.74% and a return on equity of 19.09%. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter in the previous year, the business posted $0.48 earnings per share. The business’s revenue was up 7.4% compared to the same quarter last year. equities research analysts expect that Dick’s Sporting Goods will post 2.87 EPS for the current fiscal year.
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In related news, Director William J. Colombo acquired 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, for a total transaction of $525,000.00. Following the completion of the acquisition, the director now directly owns 323,224 shares in the company, valued at approximately $8,484,630. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 23.09% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Creative Planning increased its holdings 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 acquiring an additional 1,118 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings 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 acquiring an additional 653 shares in the last quarter. HPM Partners LLC acquired a new position in shares of Dick’s Sporting Goods during the second quarter valued at about $272,000. Toronto Dominion Bank increased its holdings 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 acquiring an additional 2,927 shares in the last quarter. Finally, Nordea Investment Management AB increased its holdings in Dick’s Sporting Goods by 0.5% in 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 during the period. Hedge funds and other institutional investors own 75.92% of the company’s stock.
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.
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