Dick’s Sporting Goods Inc (DKS) Stock Rating Reaffirmed by UBS AG

Dick’s Sporting Goods Inc (NYSE:DKS)‘s stock had its “neutral” rating reaffirmed by analysts at UBS AG in a research report issued to clients and investors on Thursday, www.flashratings.com reports. They presently have a $45.00 price objective on the sporting goods retailer’s stock. UBS AG’s price target suggests a potential upside of 33.10% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Stifel Nicolaus set a $54.00 target price on Dick’s Sporting Goods and gave the company a “buy” rating in a research note on Wednesday, May 17th. B. Riley reiterated a “buy” rating and issued a $58.00 target price on shares of Dick’s Sporting Goods in a research note on Wednesday, May 17th. Cowen and Company set a $55.00 target price on Dick’s Sporting Goods and gave the company a “buy” rating in a research note on Wednesday, May 17th. Monness Crespi & Hardt reiterated a “buy” rating and issued a $52.00 target price (down previously from $60.00) on shares of Dick’s Sporting Goods in a research note on Wednesday, May 17th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $67.00 price target on shares of Dick’s Sporting Goods in a report on Monday, May 8th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $55.09.

Dick’s Sporting Goods (NYSE DKS) traded down 8.40% during midday trading on Thursday, reaching $33.81. The company had a trading volume of 5,226,889 shares. The firm has a market capitalization of $3.80 billion, a PE ratio of 13.09 and a beta of 0.47. Dick’s Sporting Goods has a 12 month low of $33.49 and a 12 month high of $62.88. The firm’s 50-day moving average price is $37.71 and its 200 day moving average price is $45.22.

Dick’s Sporting Goods (NYSE:DKS) last posted its earnings results on Tuesday, May 16th. The sporting goods retailer reported $0.54 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.54. Dick’s Sporting Goods had a return on equity of 18.61% and a net margin of 3.57%. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same quarter last year, the firm earned $0.50 earnings per share. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. Equities analysts anticipate that Dick’s Sporting Goods will post $3.65 earnings per share for the current fiscal year.

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A number of hedge funds have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. boosted its stake in Dick’s Sporting Goods by 6.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 292,898 shares of the sporting goods retailer’s stock valued at $14,253,000 after buying an additional 18,198 shares in the last quarter. Baird Financial Group Inc. boosted its stake in Dick’s Sporting Goods by 16.5% in the first quarter. Baird Financial Group Inc. now owns 63,312 shares of the sporting goods retailer’s stock valued at $3,081,000 after buying an additional 8,984 shares in the last quarter. Manning & Napier Advisors LLC boosted its stake in Dick’s Sporting Goods by 1,173.1% in the second quarter. Manning & Napier Advisors LLC now owns 1,043,955 shares of the sporting goods retailer’s stock valued at $41,580,000 after buying an additional 961,955 shares in the last quarter. Lazard Asset Management LLC boosted its stake in Dick’s Sporting Goods by 1,779.5% in the first quarter. Lazard Asset Management LLC now owns 70,782 shares of the sporting goods retailer’s stock valued at $3,443,000 after buying an additional 67,016 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its stake in 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 valued at $23,231,000 after buying an additional 179,276 shares in the last quarter. 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)

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