Dick’s Sporting Goods (NYSE:DKS) received a $30.00 price objective from analysts at Stifel Nicolaus in a report issued on Saturday. The firm presently has a “hold” rating on the sporting goods retailer’s stock. Stifel Nicolaus’ price target suggests a potential upside of 3.63% from the company’s current price.

DKS has been the topic of a number of other research reports. Oppenheimer reaffirmed a “hold” rating on shares of Dick’s Sporting Goods in a research report on Tuesday, November 14th. Susquehanna Bancshares reduced their price target on Dick’s Sporting Goods from $30.00 to $27.00 and set a “neutral” rating on the stock in a research report on Friday, November 10th. Cowen lowered Dick’s Sporting Goods from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $31.00 to $28.00 in a research report on Thursday, August 24th. Forward View raised Dick’s Sporting Goods from a “sell” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Thursday, November 16th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Dick’s Sporting Goods in a research report on Thursday, September 14th. Two research analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and six have issued a buy rating to the company. Dick’s Sporting Goods has an average rating of “Hold” and an average price target of $32.00.

Shares of Dick’s Sporting Goods (NYSE:DKS) opened at $28.95 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.61 and a quick ratio of 0.25. The stock has a market capitalization of $3,108.78, a PE ratio of 9.28, a price-to-earnings-growth ratio of 1.58 and a beta of 0.57. Dick’s Sporting Goods has a 12-month low of $23.88 and a 12-month high of $59.63.

Dick’s Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.90 billion. Dick’s Sporting Goods had a return on equity of 17.95% and a net margin of 3.54%. Dick’s Sporting Goods’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.48 EPS. equities research analysts expect that Dick’s Sporting Goods will post 2.97 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DKS. Northwestern Mutual Wealth Management Co. increased its position in Dick’s Sporting Goods by 30.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,823 shares of the sporting goods retailer’s stock worth $113,000 after buying an additional 653 shares during the period. Toronto Dominion Bank increased its position in Dick’s Sporting Goods by 169.2% during the third quarter. Toronto Dominion Bank now owns 4,657 shares of the sporting goods retailer’s stock worth $126,000 after buying an additional 2,927 shares during the period. Valeo Financial Advisors LLC acquired a new position in Dick’s Sporting Goods during the third quarter worth approximately $132,000. Nordea Investment Management AB increased its position in Dick’s Sporting Goods by 0.5% during the second quarter. Nordea Investment Management AB now owns 5,106 shares of the sporting goods retailer’s stock worth $203,000 after buying an additional 26 shares during the period. Finally, QS Investors LLC increased its position in Dick’s Sporting Goods by 57,533.3% during the second quarter. QS Investors LLC now owns 5,187 shares of the sporting goods retailer’s stock worth $207,000 after buying an additional 5,178 shares during the period. 72.96% of the stock is currently owned by institutional investors.

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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)

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