Dicks Sporting Goods (DKS) Upgraded to Buy by Buckingham Research

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

Several other analysts have also recently commented on DKS. Cowen restated a “hold” rating and set a $28.00 price objective on shares of Dicks Sporting Goods in a research note on Thursday, September 28th. Wells Fargo & Co set a $29.00 price objective on shares of Dicks Sporting Goods and gave the company a “hold” rating in a research note on Wednesday, October 11th. Wolfe Research cut shares of Dicks Sporting Goods from a “peer perform” rating to an “underperform” rating and set a $20.00 price objective for the company. in a research note on Wednesday, November 1st. BMO Capital Markets reaffirmed a “buy” rating and set a $37.00 target price on shares of Dicks Sporting Goods in a report on Thursday, November 2nd. Finally, OTR Global lowered shares of Dicks Sporting Goods to a “neutral” rating in a report on Monday, November 6th. Two analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and ten have assigned a buy rating to the company. Dicks Sporting Goods presently has an average rating of “Hold” and an average target price of $33.36.

Shares of Dicks Sporting Goods (NYSE:DKS) opened at $32.33 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. Dicks Sporting Goods has a 12 month low of $23.88 and a 12 month high of $54.74. The company has a market cap of $3,470.00, a P/E ratio of 11.93, a price-to-earnings-growth ratio of 1.81 and a beta of 0.56.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Dicks 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 worth $270,937,000 after acquiring an additional 135,991 shares in the last quarter. Sciencast Management LP purchased a new stake in Dicks Sporting Goods in the 2nd quarter worth $299,000. Public Employees Retirement System of Ohio increased its holdings in Dicks Sporting Goods by 56.3% in 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 in the last quarter. PointState Capital LP increased its holdings in Dicks Sporting Goods by 10.4% in 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 in the last quarter. Finally, Lord Abbett & CO. LLC increased its holdings in Dicks Sporting Goods by 3.9% in 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 in the last quarter. 72.83% of the stock is owned by institutional investors.

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About Dicks 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 Dicks Sporting Goods (NYSE:DKS)

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