Dick’s Sporting Goods Inc. (NYSE:DKS) had its price target upped by stock analysts at Royal Bank Of Canada from $66.00 to $68.00 in a research note issued to investors on Wednesday. The brokerage presently has an “outperform” rating on the sporting goods retailer’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 19.91% from the stock’s previous close.

Several other equities analysts have also recently weighed in on DKS. Vetr raised Dick’s Sporting Goods from a “hold” rating to a “buy” rating and set a $53.25 price objective for the company in a report on Thursday, July 21st. TheStreet raised Dick’s Sporting Goods from a “hold” rating to a “buy” rating in a report on Friday, July 29th. Citigroup Inc. boosted their price target on Dick’s Sporting Goods from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, August 2nd. Goldman Sachs Group Inc. boosted their price target on Dick’s Sporting Goods from $53.00 to $56.00 and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Finally, Cleveland Research raised Dick’s Sporting Goods from a “neutral” rating to a “buy” rating and set a $59.00 price target for the company in a report on Friday, August 5th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-three have given a buy rating to the company’s stock. Dick’s Sporting Goods has an average rating of “Buy” and a consensus price target of $60.48.

Analyst Recommendations for Dick`s Sporting Goods (NYSE:DKS)

Dick’s Sporting Goods (NYSE:DKS) opened at 56.71 on Wednesday. Dick’s Sporting Goods has a 1-year low of $33.42 and a 1-year high of $61.94. The firm has a 50-day moving average price of $57.09 and a 200 day moving average price of $51.32. The firm has a market cap of $6.40 billion, a price-to-earnings ratio of 19.86 and a beta of 0.71.

Dick’s Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Tuesday, November 15th. The sporting goods retailer reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.06. The firm earned $1.87 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Dick’s Sporting Goods had a return on equity of 18.43% and a net margin of 4.32%. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.45 EPS. Equities analysts predict that Dick’s Sporting Goods will post $3.05 earnings per share for the current year.

In other Dick’s Sporting Goods news, EVP Michele Willoughby sold 36,737 shares of the stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $58.78, for a total transaction of $2,159,400.86. Following the completion of the transaction, the executive vice president now directly owns 98,923 shares of the company’s stock, valued at $5,814,693.94. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 22.96% of the company’s stock.

A number of institutional investors have recently made changes to their positions in DKS. BlackRock Fund Advisors raised its position in Dick’s Sporting Goods by 3.0% in the third quarter. BlackRock Fund Advisors now owns 3,205,714 shares of the sporting goods retailer’s stock worth $181,828,000 after buying an additional 91,897 shares during the last quarter. Timucuan Asset Management Inc. FL raised its position in Dick’s Sporting Goods by 1.1% in the second quarter. Timucuan Asset Management Inc. FL now owns 1,388,103 shares of the sporting goods retailer’s stock worth $62,548,000 after buying an additional 14,425 shares during the last quarter. AQR Capital Management LLC raised its position in Dick’s Sporting Goods by 28.4% in the second quarter. AQR Capital Management LLC now owns 1,022,663 shares of the sporting goods retailer’s stock worth $46,081,000 after buying an additional 226,059 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Dick’s Sporting Goods by 2,970.6% in the third quarter. PNC Financial Services Group Inc. now owns 873,055 shares of the sporting goods retailer’s stock worth $49,519,000 after buying an additional 844,622 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Dick’s Sporting Goods by 13.4% in the second quarter. Dimensional Fund Advisors LP now owns 844,560 shares of the sporting goods retailer’s stock worth $38,051,000 after buying an additional 99,917 shares during the last quarter. 72.80% of the stock is owned by institutional investors and hedge funds.

About Dick’s 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 in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, as well as e-commerce Websites at www.DICKS.com, www.golfgalaxy.com, www.fieldandstreamshop.com and www.caliastudio.com.

5 Day Chart for NYSE:DKS

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