Dick’s Sporting Goods (DKS) Price Target Cut to $27.00 by Analysts at Susquehanna Bancshares

Dick’s Sporting Goods (NYSE:DKS) had its price target lowered by Susquehanna Bancshares from $30.00 to $27.00 in a research report issued on Friday, November 10th, Marketbeat Ratings reports. The firm currently has a “neutral” rating on the sporting goods retailer’s stock. Susquehanna Bancshares’ price target would suggest a potential downside of 8.35% from the company’s current price.

DKS has been the topic of several other research reports. OTR Global cut Dick’s Sporting Goods to a “neutral” rating in a research report on Monday, November 6th. Cowen reiterated a “hold” rating and set a $28.00 target price on shares of Dick’s Sporting Goods in a research report on Friday, November 3rd. BMO Capital Markets reiterated a “buy” rating and set a $37.00 target price on shares of Dick’s Sporting Goods in a research report on Thursday, November 2nd. Wolfe Research lowered Dick’s Sporting Goods from a “peer perform” rating to an “underperform” rating and set a $20.00 price target on the stock. in a research note on Wednesday, November 1st. Finally, Wells Fargo & Company set a $29.00 price target on Dick’s Sporting Goods and gave the stock a “hold” rating in a research note on Wednesday, October 11th. Two research analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and seven have given a buy rating to the stock. Dick’s Sporting Goods presently has an average rating of “Hold” and a consensus price target of $33.12.

Shares of Dick’s Sporting Goods (NYSE DKS) opened at $29.46 on Friday. The company has a market capitalization of $3,065.50, a PE ratio of 8.98, a PEG ratio of 1.53 and a beta of 0.48. Dick’s Sporting Goods has a 52-week low of $23.88 and a 52-week high of $62.80. The company has a current ratio of 1.61, a quick ratio of 0.25 and a debt-to-equity ratio of 0.28.

Dick’s Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.04. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.90 billion. Dick’s Sporting Goods had a return on equity of 17.95% and a net margin of 3.54%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.48 EPS. research analysts forecast that Dick’s Sporting Goods will post 2.97 EPS for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in Dick’s Sporting Goods by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 6,802,340 shares of the sporting goods retailer’s stock valued at $270,937,000 after acquiring an additional 135,991 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Dick’s Sporting Goods by 6.6% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 292,898 shares of the sporting goods retailer’s stock valued at $14,253,000 after acquiring an additional 18,198 shares during the last quarter. Sciencast Management LP acquired a new position in Dick’s Sporting Goods in the 2nd quarter valued at $299,000. Manning & Napier Advisors LLC raised its holdings in Dick’s Sporting Goods by 1,173.1% in the 2nd quarter. Manning & Napier Advisors LLC now owns 1,043,955 shares of the sporting goods retailer’s stock valued at $41,580,000 after acquiring an additional 961,955 shares during the last quarter. Finally, Diversified Investment Strategies LLC increased its holdings in shares of Dick’s Sporting Goods by 11.0% during the 2nd quarter. Diversified Investment Strategies LLC now owns 77,275 shares of the sporting goods retailer’s stock worth $3,078,000 after buying an additional 7,675 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

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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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