DICK’S Sporting Items (NYSE:DKS) Lower to Maintain at StockNews.com

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DICK’S Sporting Goods (NYSE:DKS) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

A number of other research analysts have also commented on DKS. Robert W. Baird lifted their objective price on shares of DICK’S Sporting Goods from $135.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, November 23rd. Gordon Haskett lowered shares of DICK’S Sporting Goods from a “buy” rating to a “hold” rating in a research note on Friday, December 17th. Stifel Nicolaus lifted their target price on shares of DICK’S Sporting Goods from $126.00 to $130.00 and gave the company a “hold” rating in a report on Tuesday, November 23rd. Cowen lifted their target price on shares of DICK’S Sporting Goods from $179.00 to $180.00 and gave the company an “outperform” rating in a report on Friday, November 26th. Finally, Citigroup lifted their target price on shares of DICK’S Sporting Goods from $160.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, November 24th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, DICK’S Sporting Goods has an average rating of “Buy” and a consensus target price of $131.15.

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NYSE DKS opened at $104.78 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.58 and a current ratio of 1.52. The firm has a market cap of $9.07 billion, a PE ratio of 8.10, a P/E/G ratio of 0.86 and a beta of 1.66. DICK’S Sporting Goods has a one year low of $66.76 and a one year high of $147.39. The firm’s fifty day moving average is $110.78 and its two-hundred day moving average is $119.49.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Tuesday, November 23rd. The sporting goods retailer reported $3.19 EPS for the quarter, beating analysts’ consensus estimates of $1.97 by $1.22. The company had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.49 billion. DICK’S Sporting Goods had a net margin of 11.55% and a return on equity of 54.06%. DICK’S Sporting Goods’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the business posted $2.01 earnings per share. Research analysts predict that DICK’S Sporting Goods will post 15.6 earnings per share for the current year.

In other DICK’S Sporting Goods news, Chairman Edward W. Stack purchased 227,000 shares of DICK’S Sporting Goods stock in a transaction on Tuesday, December 7th. The shares were bought at an average price of $110.30 per share, with a total value of $25,038,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Navdeep Gupta sold 4,700 shares of the company’s stock in a transaction dated Wednesday, January 12th. The shares were sold at an average price of $114.56, for a total transaction of $538,432.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,447 shares of company stock worth $2,660,027. 30.09% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC raised its position in shares of DICK’S Sporting Goods by 6.2% in the fourth quarter. NewEdge Advisors LLC now owns 24,508 shares of the sporting goods retailer’s stock valued at $2,818,000 after buying an additional 1,426 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of DICK’S Sporting Goods by 17.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 478,752 shares of the sporting goods retailer’s stock valued at $55,051,000 after buying an additional 71,421 shares during the last quarter. Castellan Group raised its position in shares of DICK’S Sporting Goods by 10.7% in the fourth quarter. Castellan Group now owns 21,530 shares of the sporting goods retailer’s stock valued at $2,476,000 after buying an additional 2,082 shares during the last quarter. Castleark Management LLC raised its position in shares of DICK’S Sporting Goods by 7.7% in the fourth quarter. Castleark Management LLC now owns 46,360 shares of the sporting goods retailer’s stock valued at $5,331,000 after buying an additional 3,320 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of DICK’S Sporting Goods in the fourth quarter valued at approximately $822,000. 86.67% of the stock is currently owned by institutional investors.

DICK’S Sporting Goods Company Profile

Dick’s Sporting Goods, Inc engages in the retail of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories through a blend of associates, in-store services, and unique specialty shop-in-shops. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.

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