Dick’s Sporting Goods Inc (DKS) PT Lowered to $27.00

Dick’s Sporting Goods Inc (NYSE:DKS) had its price objective lowered by Susquehanna Bancshares Inc from $30.00 to $27.00 in a report released on Friday, November 10th, Marketbeat.com reports. The brokerage presently has a “neutral” rating on the sporting goods retailer’s stock. Susquehanna Bancshares Inc’s target price points to a potential downside of 4.86% from the stock’s current price.

A number of other research firms have also weighed in on DKS. Zacks Investment Research raised Dick’s Sporting Goods from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Citigroup Inc. lowered Dick’s Sporting Goods from a “buy” rating to a “neutral” rating and set a $30.00 price target for the company. in a research note on Wednesday, August 16th. Wells Fargo & Company set a $29.00 price target on Dick’s Sporting Goods and gave the company a “hold” rating in a research note on Wednesday, October 11th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Dick’s Sporting Goods in a research note on Thursday, August 24th. Finally, Monness Crespi & Hardt lowered Dick’s Sporting Goods from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 16th. Two research analysts have rated the stock with a sell rating, twenty-six have given a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $33.12.

Dick’s Sporting Goods (NYSE DKS) traded down $0.20 during midday trading on Friday, hitting $28.38. The stock had a trading volume of 2,706,400 shares, compared to its average volume of 2,997,375. The company has a market capitalization of $3,125.65, a price-to-earnings ratio of 9.16, a price-to-earnings-growth ratio of 1.56 and a beta of 0.48. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.25 and a current ratio of 1.61. Dick’s Sporting Goods has a 1 year low of $23.88 and a 1 year high of $62.80.

Dick’s Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.90 billion. Dick’s Sporting Goods had a return on equity of 17.95% and a net margin of 3.54%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.48 earnings per share. sell-side analysts forecast that Dick’s Sporting Goods will post 2.97 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Creative Planning raised its holdings in shares of Dick’s Sporting Goods by 72.2% in the second quarter. Creative Planning now owns 2,667 shares of the sporting goods retailer’s stock worth $106,000 after buying an additional 1,118 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Dick’s Sporting Goods by 30.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,823 shares of the sporting goods retailer’s stock worth $113,000 after buying an additional 653 shares during the period. Toronto Dominion Bank raised its holdings in shares of Dick’s Sporting Goods by 169.2% in the third quarter. Toronto Dominion Bank now owns 4,657 shares of the sporting goods retailer’s stock worth $126,000 after buying an additional 2,927 shares during the period. Valeo Financial Advisors LLC purchased a new stake in shares of Dick’s Sporting Goods in the third quarter worth approximately $132,000. Finally, Nordea Investment Management AB raised its holdings in shares of Dick’s Sporting Goods by 0.5% in the second 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 72.87% 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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