DICK’S Sporting Goods (NYSE:DKS – Rating Received) was downgraded to a “positive” rating by equity analysts at OTR Global in a note to investors on Wednesday, reports The Fly.
Several other equities research analysts also recently covered the company. StockNews.com began coverage of DICK’S Sporting Goods in a Research Note on Thursday, March 31st. They give the company a “hold” rating. Cowen raised his price target on DICK’S Sporting Goods to $165.00 from $161.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 9th. Citigroup raised its target price on DICK’S Sporting Goods from $161.00 to $170.00 in a research note on Wednesday, March 9. DA Davidson lowered its target price on DICK’S Sporting Goods from $165.00 to $147.00 in a research note on Wednesday, March 9th. Finally, Wells Fargo & Company lowered its price target on DICK’S Sporting Goods to $122.00 from $132.00 and issued a research note on Thursday, March 24, stating an “equal weight” rating for the company. One equities research analyst has rated the stock with a sell rating, eleven with a hold rating and nine with a buy rating. According to MarketBeat, DICK’S Sporting Goods currently has an average rating of Hold and an average target price of $137.11.
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Shares of DICK’S Sporting Goods fell $10.88 on Wednesday to hit $81.59. The stock had a trading volume of 132,779 shares compared to an average volume of 1,405,187. DICK’S Sporting Goods has a 12-month low of $82.81 and a 12-month high of $147.39. The company’s 50-day moving average is $102.44 and its 200-day moving average is $110.35. The company has a quick ratio of 1.04, a current ratio of 1.88 and a debt to equity ratio of 0.92. The stock has a market cap of $6.51 billion, a price-to-earnings ratio of 5.96, a price-to-earnings-to-growth ratio of 1.43 and a beta of 1.59.
DICK’S Sporting Goods (NYSE:DKS – Get Rating) last announced its quarterly results on Tuesday, March 8th. The sporting goods retailer reported earnings per share (EPS) of $3.64 for the quarter, beating analyst consensus estimates of $3.54 by $0.10. The company had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.31 billion. DICK’S Sporting Goods had a return on equity of 60.28% and a net margin of 12.36%. The company’s quarterly revenue increased 7.2% compared to the same quarter last year. In the same quarter last year, the company reported earnings per share of $2.43. As a group, equity analysts are forecasting that DICK’s Sporting Goods will report earnings per share of $12.62 for the current fiscal year.
In other news from DICK’S Sporting Goods, SVP Julie Lodge-Jarrett sold 9,139 shares of DICK’S Sporting Goods in a transaction dated Tuesday, March 15th. The stock sold at an average price of $109.02 for a total transaction of $996,333.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. In addition, SVP John Edward Hayes III sold 2,626 shares of DICK’S Sporting Goods in a transaction dated Thursday, March 17th. The shares sold at an average price of $110.69 for a total value of $290,671.94. The disclosure for this sale can be found here. Over the past 90 days, insiders sold 190,886 shares of the company’s stock valued at $20,211,002. 32.83% of the shares are currently owned by company insiders.
Institutional investors have recently bought and sold shares in the company. Squarepoint Ops LLC increased its position in shares of DICK’S Sporting Goods by 453.6% during the third quarter. Squarepoint Ops LLC now owns 300,484 shares of the sporting goods retailer, valued at $35,989,000, after purchasing an additional 246,201 shares last quarter. Sepio Capital LP increased its holding in shares of DICK’S Sporting Goods by 21.0% during the fourth quarter. Sepio Capital LP now owns 32,564 shares of the sporting goods retailer valued at $3,745,000 after purchasing an additional 5,654 shares during the period. Allspring Global Investments Holdings LLC acquired a new interest in shares of DICK’S Sporting Goods valued at approximately $14,713,000 during the fourth quarter. Aviva PLC acquired a new interest in shares of DICK’S Sporting Goods valued at approximately $1,447,000 during the third quarter. Finally, Robeco Institutional Asset Management BV increased its holdings in shares of DICK’S Sporting Goods by 225.4% in the fourth quarter. Robeco Institutional Asset Management BV now owns 123,371 shares in the sporting goods retailer, valued at US$14,184,000, after purchasing a further 85,459 shares during the period. 78.92% of the shares are currently owned by hedge funds and other institutional investors.
DICK’S Sporting Goods Company Profile (received rating)
DICK’S Sporting Goods, Inc, along with its subsidiaries, operates as a sporting goods retailer primarily in the eastern United States. The Company offers hardlines including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing equipment products; Clothing; and shoes and accessories.
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