Dick’s Sporting Goods Inc (DKS) Upgraded to “Overweight” by J P Morgan Chase & Co

Dick’s Sporting Goods Inc (NYSE:DKS) was upgraded by equities research analysts at J P Morgan Chase & Co from a “neutral” rating to an “overweight” rating in a note issued to investors on Wednesday.

Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Dick’s Sporting Goods from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Citigroup Inc. cut shares of Dick’s Sporting Goods from a “buy” rating to a “neutral” rating and set a $30.00 target price for the company. in a research report on Wednesday, August 16th. Wells Fargo & Company set a $29.00 price target on shares of Dick’s Sporting Goods and gave the company a “hold” rating in a research report on Wednesday, October 11th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Dick’s Sporting Goods in a research report on Thursday, August 24th. Finally, Monness Crespi & Hardt cut shares of Dick’s Sporting Goods from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 16th. Four analysts have rated the stock with a sell rating, twenty-six have given a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $35.92.

Dick’s Sporting Goods (NYSE DKS) opened at $25.59 on Wednesday. The company has a current ratio of 1.51, a quick ratio of 0.24 and a debt-to-equity ratio of 0.10. Dick’s Sporting Goods has a twelve month low of $23.88 and a twelve month high of $62.80. The company has a market cap of $2,878.49, a price-to-earnings ratio of 7.98, a P/E/G ratio of 1.16 and a beta of 0.48.

Dick’s Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.04. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.90 billion. Dick’s Sporting Goods had a net margin of 3.74% and a return on equity of 19.09%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.48 EPS. research analysts forecast that Dick’s Sporting Goods will post 2.87 earnings per share for the current year.

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In other Dick’s Sporting Goods news, Director William J. Colombo purchased 20,000 shares of Dick’s Sporting Goods stock in a transaction that occurred on Tuesday, August 22nd. The shares were bought at an average price of $26.25 per share, for a total transaction of $525,000.00. Following the completion of the transaction, the director now owns 323,224 shares of the company’s stock, valued at approximately $8,484,630. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 23.09% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Dick’s Sporting Goods by 2.0% during the second 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. Sciencast Management LP bought a new position in Dick’s Sporting Goods during the second quarter valued at $299,000. Manning & Napier Advisors LLC increased its position in Dick’s Sporting Goods by 1,173.1% during 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 acquiring an additional 961,955 shares during the last quarter. Diversified Investment Strategies LLC increased its position in Dick’s Sporting Goods by 11.0% during the second quarter. Diversified Investment Strategies LLC now owns 77,275 shares of the sporting goods retailer’s stock valued at $3,078,000 after acquiring an additional 7,675 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its position in Dick’s Sporting Goods by 13.8% during the second quarter. Oppenheimer & Co. Inc. now owns 196,471 shares of the sporting goods retailer’s stock valued at $7,826,000 after acquiring an additional 23,852 shares during the last quarter. Institutional investors and hedge funds own 75.92% 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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