Dick’s Sporting Goods Inc (NYSE:DKS) has been assigned a $29.00 price objective by equities researchers at Wells Fargo & Company in a research note issued to investors on Wednesday. The firm presently has a “hold” rating on the sporting goods retailer’s stock. Wells Fargo & Company’s price objective would suggest a potential upside of 6.85% from the stock’s previous close.

DKS has been the topic of several other reports. BidaskClub lowered Dick’s Sporting Goods from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Credit Suisse Group reiterated a “hold” rating and set a $55.00 price objective on shares of Dick’s Sporting Goods in a research report on Thursday, June 29th. Zacks Investment Research lowered Dick’s Sporting Goods from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Cowen and Company restated a “hold” rating and set a $28.00 price target on shares of Dick’s Sporting Goods in a research report on Thursday, September 28th. Finally, Cleveland Research lowered Dick’s Sporting Goods from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. Three investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $37.73.

Shares of Dick’s Sporting Goods (NYSE DKS) opened at 27.14 on Wednesday. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of 9.74 and a beta of 0.51. Dick’s Sporting Goods has a 52 week low of $25.94 and a 52 week high of $62.88. The stock’s 50 day moving average price is $27.07 and its 200-day moving average price is $38.24.

Dick’s Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Tuesday, August 15th. The sporting goods retailer reported $0.96 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.04). The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.16 billion. Dick’s Sporting Goods had a net margin of 3.74% and a return on equity of 19.09%. Dick’s Sporting Goods’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.82 earnings per share. Equities analysts predict that Dick’s Sporting Goods will post $2.90 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “Wells Fargo & Company Reiterates $29.00 Price Target for Dick’s Sporting Goods Inc (DKS)” was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece on another publication, it was illegally copied and republished in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://www.thecerbatgem.com/2017/10/11/wells-fargo-company-reiterates-29-00-price-target-for-dicks-sporting-goods-inc-dks.html.

In other Dick’s Sporting Goods news, Director William J. Colombo bought 20,000 shares of Dick’s Sporting Goods stock in a transaction on Tuesday, August 22nd. The stock was acquired at an average price of $26.25 per share, with a total value of $525,000.00. Following the acquisition, the director now owns 323,224 shares in the company, valued at $8,484,630. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 23.09% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the business. Creative Planning increased its holdings in shares of Dick’s Sporting Goods by 72.2% in the 2nd quarter. Creative Planning now owns 2,667 shares of the sporting goods retailer’s stock worth $106,000 after purchasing an additional 1,118 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Dick’s Sporting Goods by 30.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,823 shares of the sporting goods retailer’s stock worth $113,000 after purchasing an additional 653 shares in the last quarter. Point72 Asia Hong Kong Ltd bought a new stake in shares of Dick’s Sporting Goods in the 1st quarter worth $114,000. Nordea Investment Management AB increased its holdings in shares of Dick’s Sporting Goods by 0.5% in the 2nd quarter. Nordea Investment Management AB now owns 5,106 shares of the sporting goods retailer’s stock worth $203,000 after purchasing an additional 26 shares in the last quarter. Finally, QS Investors LLC increased its holdings in shares of Dick’s Sporting Goods by 57,533.3% in the 2nd quarter. QS Investors LLC now owns 5,187 shares of the sporting goods retailer’s stock worth $207,000 after purchasing an additional 5,178 shares in the last quarter. 77.76% 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 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.