Dick’s Sporting Goods Inc (NYSE:DKS) was downgraded by equities research analysts at OTR Global to a “neutral” rating in a report issued on Monday.

Other equities analysts also recently issued reports about the company. Canaccord Genuity restated a “buy” rating and issued a $52.00 price target on shares of Dick’s Sporting Goods in a research note on Friday, July 21st. Buckingham Research initiated coverage on Dick’s Sporting Goods in a research note on Monday, July 17th. They issued a “buy” rating and a $45.00 price target on the stock. ValuEngine raised Dick’s Sporting Goods from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $54.00 target price on shares of Dick’s Sporting Goods in a report on Thursday, August 10th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $37.00 target price on shares of Dick’s Sporting Goods in a report on Thursday, November 2nd. Four analysts have rated the stock with a sell rating, twenty-six have given a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $36.23.

Dick’s Sporting Goods (DKS) opened at $24.40 on Monday. The stock has a market capitalization of $2,690.38, a price-to-earnings ratio of 7.45, a PEG ratio of 1.08 and a beta of 0.48. Dick’s Sporting Goods has a 52 week low of $23.88 and a 52 week high of $62.88. The company has a quick ratio of 0.24, a current ratio of 1.51 and a debt-to-equity ratio of 0.10.

Dick’s Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Tuesday, August 15th. The sporting goods retailer reported $0.96 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.00 by ($0.04). The firm had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Dick’s Sporting Goods had a return on equity of 19.09% and a net margin of 3.74%. The business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the business earned $0.82 earnings per share. research analysts predict that Dick’s Sporting Goods will post 2.88 earnings per share for the current year.

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

Several large investors have recently made changes to their positions in the business. Manning & Napier Advisors LLC boosted its position in shares of Dick’s Sporting Goods by 16.2% during the third quarter. Manning & Napier Advisors LLC now owns 1,213,325 shares of the sporting goods retailer’s stock valued at $32,771,000 after buying an additional 169,370 shares during the period. Quantbot Technologies LP boosted its position in shares of Dick’s Sporting Goods by 13.7% during the third quarter. Quantbot Technologies LP now owns 73,087 shares of the sporting goods retailer’s stock valued at $1,974,000 after buying an additional 8,829 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Dick’s Sporting Goods by 11.5% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 307,341 shares of the sporting goods retailer’s stock valued at $8,301,000 after buying an additional 31,591 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Dick’s Sporting Goods by 25.3% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 34,380 shares of the sporting goods retailer’s stock valued at $929,000 after buying an additional 6,932 shares during the period. Finally, Teacher Retirement System of Texas purchased a new position in shares of Dick’s Sporting Goods during the third quarter valued at approximately $1,645,000. Institutional investors and hedge funds own 76.69% of the company’s stock.

Dick’s Sporting Goods Company Profile

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)

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