Dicks Sporting Goods Inc (NYSE:DKS) gapped up prior to trading on Thursday . The stock had previously closed at $28.16, but opened at $29.00. Dicks Sporting Goods shares last traded at $30.84, with a volume of 5,022,824 shares trading hands.
Several equities research analysts have recently weighed in on DKS shares. Nomura Instinet increased their price objective on Dicks Sporting Goods from $28.00 to $33.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Goldman Sachs Group reiterated a “buy” rating and issued a $40.00 price objective (down from $51.00) on shares of Dicks Sporting Goods in a research report on Tuesday, March 10th. Wells Fargo & Co cut their price target on shares of Dicks Sporting Goods from $38.00 to $27.00 and set an “equal weight” rating for the company in a report on Monday, March 16th. ValuEngine upgraded shares of Dicks Sporting Goods from a “strong sell” rating to a “sell” rating in a research report on Wednesday, February 26th. Finally, Nomura raised their price objective on shares of Dicks Sporting Goods from $28.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $40.09.
The company has a current ratio of 1.16, a quick ratio of 0.10 and a debt-to-equity ratio of 1.55. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of 8.29, a price-to-earnings-growth ratio of 1.94 and a beta of 1.53. The company has a 50-day moving average of $26.55 and a 200-day moving average of $37.47.
Dicks Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Tuesday, March 10th. The sporting goods retailer reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.10. The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.56 billion. Dicks Sporting Goods had a net margin of 3.40% and a return on equity of 18.72%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.07 earnings per share. On average, research analysts forecast that Dicks Sporting Goods Inc will post 1.9 earnings per share for the current year.
Several large investors have recently made changes to their positions in DKS. Credit Agricole S A bought a new position in Dicks Sporting Goods in the first quarter worth about $29,000. C M Bidwell & Associates Ltd. bought a new position in shares of Dicks Sporting Goods during the fourth quarter valued at approximately $35,000. PSI Advisors LLC acquired a new stake in shares of Dicks Sporting Goods during the 4th quarter worth approximately $37,000. Advisor Group Inc. lifted its holdings in shares of Dicks Sporting Goods by 14.4% in the 4th quarter. Advisor Group Inc. now owns 2,068 shares of the sporting goods retailer’s stock worth $103,000 after purchasing an additional 260 shares during the last quarter. Finally, First National Trust Co acquired a new position in Dicks Sporting Goods during the 4th quarter valued at approximately $216,000. 77.11% of the stock is owned by institutional investors and hedge funds.
About Dicks Sporting Goods (NYSE:DKS)
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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