Dicks Sporting Goods (DKS) Rating Increased to Buy at Buckingham Research

Dicks Sporting Goods (NYSE:DKS) was upgraded by research analysts at Buckingham Research from a “neutral” rating to a “buy” rating in a note issued to investors on Wednesday, MarketBeat reports.

DKS has been the topic of a number of other research reports. Oppenheimer reaffirmed a “hold” rating on shares of Dicks Sporting Goods in a report on Tuesday, November 14th. Susquehanna Bancshares dropped their price target on shares of Dicks Sporting Goods from $30.00 to $27.00 and set a “neutral” rating on the stock in a report on Friday, November 10th. Forward View raised shares of Dicks Sporting Goods from a “sell” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Thursday, November 16th. Citigroup dropped their price target on shares of Dicks Sporting Goods from $30.00 to $28.00 and set a “neutral” rating on the stock in a report on Thursday, November 16th. Finally, Cowen reaffirmed a “hold” rating and set a $28.00 price target on shares of Dicks Sporting Goods in a report on Thursday, September 28th. Two analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $33.36.

Shares of Dicks Sporting Goods (NYSE DKS) opened at $33.04 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.25 and a current ratio of 1.61. The stock has a market cap of $3,521.74, a PE ratio of 12.19, a PEG ratio of 1.78 and a beta of 0.56. Dicks Sporting Goods has a 1-year low of $23.88 and a 1-year high of $54.03.

Dicks Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.90 billion. Dicks Sporting Goods had a net margin of 3.54% and a return on equity of 17.95%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.48 EPS. sell-side analysts forecast that Dicks Sporting Goods will post 2.98 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Dicks Sporting Goods by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 6,802,340 shares of the sporting goods retailer’s stock worth $270,937,000 after acquiring an additional 135,991 shares during the period. Sciencast Management LP bought a new stake in Dicks Sporting Goods during the 2nd quarter worth approximately $299,000. Public Employees Retirement System of Ohio raised its stake in Dicks Sporting Goods by 56.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 60,311 shares of the sporting goods retailer’s stock worth $2,402,000 after acquiring an additional 21,718 shares during the period. PointState Capital LP raised its stake in Dicks Sporting Goods by 10.4% during the 2nd quarter. PointState Capital LP now owns 707,200 shares of the sporting goods retailer’s stock worth $28,168,000 after acquiring an additional 66,500 shares during the period. Finally, Lord Abbett & CO. LLC raised its stake in Dicks Sporting Goods by 3.9% during the 2nd quarter. Lord Abbett & CO. LLC now owns 209,300 shares of the sporting goods retailer’s stock worth $8,336,000 after acquiring an additional 7,900 shares during the period. Institutional investors own 72.83% of the company’s stock.

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Dicks 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 Dicks Sporting Goods (NYSE:DKS)

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