Dick’s Sporting Goods Inc (NYSE:DKS) was upgraded by research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Wednesday.

A number of other brokerages have also recently issued reports on DKS. Zacks Investment Research upgraded Dick’s Sporting Goods from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Barclays PLC restated an “equal weight” rating and issued a $46.00 target price (down from $50.00) on shares of Dick’s Sporting Goods in a report on Wednesday, May 17th. B. Riley restated a “buy” rating and issued a $58.00 target price on shares of Dick’s Sporting Goods in a report on Monday, May 22nd. UBS AG cut Dick’s Sporting Goods from a “buy” rating to a “neutral” rating in a report on Tuesday, May 16th. Finally, Cowen and Company set a $55.00 target price on Dick’s Sporting Goods and gave the stock a “buy” rating in a report on Wednesday, May 17th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and nineteen have issued a buy rating to the company’s stock. Dick’s Sporting Goods has a consensus rating of “Hold” and a consensus target price of $55.92.

Dick’s Sporting Goods (NYSE:DKS) traded up 1.91% during mid-day trading on Wednesday, reaching $37.97. The company’s stock had a trading volume of 2,447,983 shares. Dick’s Sporting Goods has a 1-year low of $34.55 and a 1-year high of $62.88. The firm has a 50 day moving average price of $38.36 and a 200-day moving average price of $45.85. The company has a market capitalization of $4.27 billion, a PE ratio of 14.71 and a beta of 0.47.

Dick’s Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, May 16th. The sporting goods retailer reported $0.54 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.54. The business had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.83 billion. Dick’s Sporting Goods had a return on equity of 18.61% and a net margin of 3.57%. The company’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.50 EPS. On average, equities analysts predict that Dick’s Sporting Goods will post $3.66 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This article was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another website, it was stolen and republished in violation of United States & international copyright law. The legal version of this article can be read at https://www.thecerbatgem.com/2017/08/04/dicks-sporting-goods-inc-dks-upgraded-by-bidaskclub-to-sell.html.

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of Dick’s Sporting Goods by 2,879.3% in the first quarter. BlackRock Inc. now owns 8,515,919 shares of the sporting goods retailer’s stock valued at $414,382,000 after buying an additional 8,230,087 shares in the last quarter. Vanguard Group Inc. raised its stake in Dick’s Sporting Goods by 4.4% in the first quarter. Vanguard Group Inc. now owns 6,666,349 shares of the sporting goods retailer’s stock valued at $324,384,000 after buying an additional 280,056 shares in the last quarter. State Street Corp raised its stake in Dick’s Sporting Goods by 2.2% in the first quarter. State Street Corp now owns 3,244,995 shares of the sporting goods retailer’s stock valued at $157,904,000 after buying an additional 69,237 shares in the last quarter. Renaissance Technologies LLC raised its stake in Dick’s Sporting Goods by 424.3% in the first quarter. Renaissance Technologies LLC now owns 2,054,600 shares of the sporting goods retailer’s stock valued at $99,977,000 after buying an additional 1,662,700 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Dick’s Sporting Goods by 10.7% in the second quarter. Bank of New York Mellon Corp now owns 1,828,157 shares of the sporting goods retailer’s stock valued at $72,815,000 after buying an additional 176,439 shares in the last quarter. Hedge funds and other institutional investors own 79.49% of the company’s stock.

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 primarily in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, and Dick’s Team Sports HQ, an all-in-one youth sports digital platform offering free league management services, mobile applications for scheduling, communications and live scorekeeping, custom uniforms and FanWear and access to donations and sponsorships.

Analyst Recommendations for Dick`s Sporting Goods (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.