Dick’s Sporting Goods Inc. (NYSE:DKS) had its price target lifted by analysts at RBC Capital Markets from $66.00 to $68.00 in a report released on Wednesday. The firm currently has an “outperform” rating on the sporting goods retailer’s stock. RBC Capital Markets’ target price suggests a potential upside of 19.91% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. B. Riley restated a “buy” rating and issued a $61.00 target price on shares of Dick’s Sporting Goods in a research note on Friday, August 12th. Royal Bank Of Canada raised their target price on Dick’s Sporting Goods from $66.00 to $68.00 and gave the company an “outperform” rating in a research note on Wednesday. Cleveland Research upgraded Dick’s Sporting Goods from a “neutral” rating to a “buy” rating and set a $59.00 price objective for the company in a research note on Friday, August 5th. Forward View set a $64.00 price objective on Dick’s Sporting Goods and gave the company a “buy” rating in a research note on Thursday, August 18th. Finally, Vetr cut Dick’s Sporting Goods from a “buy” rating to a “hold” rating and set a $61.50 price objective for the company. in a research note on Tuesday, September 6th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-three have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $60.55.

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

Dick’s Sporting Goods (NYSE:DKS) opened at 56.71 on Wednesday. The firm has a 50-day moving average price of $57.09 and a 200-day moving average price of $51.32. The company has a market cap of $6.40 billion, a P/E ratio of 19.86 and a beta of 0.71. Dick’s Sporting Goods has a 52 week low of $33.42 and a 52 week high of $61.94.

Dick’s Sporting Goods (NYSE:DKS) last released its earnings results on Tuesday, November 15th. The sporting goods retailer reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.06. The company 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 firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.45 EPS. Equities research analysts anticipate that Dick’s Sporting Goods will post $3.05 EPS for the current fiscal year.

In related news, EVP Michele Willoughby sold 36,737 shares of the stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $58.78, for a total value of $2,159,400.86. Following the transaction, the executive vice president now owns 98,923 shares of the company’s stock, valued at $5,814,693.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 22.96% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Daiwa Securities Group Inc. raised its stake in Dick’s Sporting Goods by 10.0% in the third quarter. Daiwa Securities Group Inc. now owns 2,200 shares of the sporting goods retailer’s stock worth $125,000 after buying an additional 200 shares in the last quarter. James Investment Research Inc. raised its stake in Dick’s Sporting Goods by 505.3% in the third quarter. James Investment Research Inc. now owns 2,300 shares of the sporting goods retailer’s stock worth $130,000 after buying an additional 1,920 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in Dick’s Sporting Goods during the third quarter worth $138,000. BlueMountain Capital Management LLC raised its stake in Dick’s Sporting Goods by 63.6% in the second quarter. BlueMountain Capital Management LLC now owns 2,748 shares of the sporting goods retailer’s stock worth $124,000 after buying an additional 1,068 shares in the last quarter. Finally, Acrospire Investment Management LLC raised its stake in Dick’s Sporting Goods by 38.1% in the third quarter. Acrospire Investment Management LLC now owns 2,900 shares of the sporting goods retailer’s stock worth $164,000 after buying an additional 800 shares in the last quarter. 72.80% of the stock is currently owned by institutional investors.

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

Receive News & Stock Ratings for Dick's Sporting Goods Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dick's Sporting Goods Inc. and related stocks with our FREE daily email newsletter.