UBS Group Boosts Dicks Sporting Goods (NYSE:DKS) Price Target to $47.00

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Dicks Sporting Goods (NYSE:DKS) had its price target upped by UBS Group from $43.00 to $47.00 in a research report released on Tuesday, The Fly reports. They currently have a neutral rating on the sporting goods retailer’s stock.

Several other research firms also recently weighed in on DKS. Robert W. Baird lifted their target price on Dicks Sporting Goods from $30.00 to $40.00 and gave the stock a neutral rating in a research report on Tuesday, June 2nd. Nomura lifted their price objective on Dicks Sporting Goods from $33.00 to $38.00 and gave the company a neutral rating in a report on Wednesday, June 3rd. Royal Bank of Canada lifted their price objective on Dicks Sporting Goods from $30.00 to $39.00 in a report on Wednesday, June 3rd. Morgan Stanley lifted their price objective on Dicks Sporting Goods from $35.00 to $40.00 and gave the company an equal weight rating in a report on Wednesday, June 3rd. Finally, Oppenheimer restated a buy rating on shares of Dicks Sporting Goods in a report on Thursday, July 23rd. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $42.38.

NYSE DKS opened at $45.62 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 2.04 and a debt-to-equity ratio of 1.09. The company has a fifty day moving average of $41.03 and a two-hundred day moving average of $35.60. The firm has a market capitalization of $4.02 billion, a price-to-earnings ratio of 44.73, a PEG ratio of 13.84 and a beta of 1.61. Dicks Sporting Goods has a 52 week low of $13.46 and a 52 week high of $49.80.

Dicks Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Tuesday, June 2nd. The sporting goods retailer reported ($1.21) EPS for the quarter, missing the consensus estimate of ($0.50) by ($0.71). Dicks Sporting Goods had a return on equity of 9.84% and a net margin of 1.18%. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the previous year, the firm earned $0.62 earnings per share. The firm’s quarterly revenue was down 30.6% compared to the same quarter last year. Equities research analysts anticipate that Dicks Sporting Goods will post 0.82 EPS for the current year.

In related news, SVP John Edward Hayes III sold 2,000 shares of the stock in a transaction on Monday, June 29th. The stock was sold at an average price of $41.22, for a total value of $82,440.00. Following the completion of the transaction, the senior vice president now directly owns 36,091 shares of the company’s stock, valued at approximately $1,487,671.02. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 30.57% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of the business. HS Management Partners LLC increased its position in Dicks Sporting Goods by 41.4% during the first quarter. HS Management Partners LLC now owns 4,279,419 shares of the sporting goods retailer’s stock worth $90,980,000 after buying an additional 1,252,560 shares during the period. Norges Bank purchased a new stake in shares of Dicks Sporting Goods in the fourth quarter valued at approximately $73,988,000. FMR LLC boosted its stake in shares of Dicks Sporting Goods by 32.4% in the first quarter. FMR LLC now owns 1,431,090 shares of the sporting goods retailer’s stock valued at $52,679,000 after buying an additional 350,515 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of Dicks Sporting Goods by 63.8% in the first quarter. Robeco Institutional Asset Management B.V. now owns 1,370,203 shares of the sporting goods retailer’s stock valued at $29,129,000 after buying an additional 533,820 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Dicks Sporting Goods by 16.6% in the fourth quarter. Geode Capital Management LLC now owns 804,307 shares of the sporting goods retailer’s stock valued at $39,805,000 after buying an additional 114,376 shares in the last quarter. Institutional investors own 69.14% of the company’s stock.

About Dicks Sporting Goods

Dick's Sporting Goods, Inc operates as a sporting goods retailer primarily in the eastern United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories. The company also owns and operates Golf Galaxy, Field & Stream, and other specialty concept stores; and e-commerce Websites, as well as Dick's Team Sports HQ, a youth sports digital platform that offers free league management services, mobile apps, free league management services, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.

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