ValuEngine downgraded shares of Dicks Sporting Goods (NYSE:DKS) from a buy rating to a hold rating in a report published on Friday morning.

A number of other equities research analysts also recently issued reports on DKS. Zacks Investment Research raised shares of Dicks Sporting Goods from a hold rating to a buy rating and set a $36.00 price target on the stock in a research note on Wednesday. BMO Capital Markets set a $40.00 price target on shares of Dicks Sporting Goods and gave the company a buy rating in a research note on Thursday, January 11th. Buckingham Research raised shares of Dicks Sporting Goods from a neutral rating to a buy rating in a research note on Wednesday, January 17th. Cowen set a $34.00 price target on shares of Dicks Sporting Goods and gave the company a hold rating in a research note on Friday, January 12th. Finally, Oppenheimer reissued a hold rating on shares of Dicks Sporting Goods in a research note on Wednesday, January 24th. Two research analysts have rated the stock with a sell rating, eighteen have given a hold rating and fourteen have given a buy rating to the company. Dicks Sporting Goods currently has an average rating of Hold and a consensus price target of $34.08.

Shares of Dicks Sporting Goods (NYSE DKS) opened at $31.49 on Friday. The stock has a market cap of $3,370.31, a P/E ratio of 11.62, a PEG ratio of 1.83 and a beta of 0.61. Dicks Sporting Goods has a 52 week low of $23.88 and a 52 week high of $53.75. The company has a quick ratio of 0.25, a current ratio of 1.61 and a debt-to-equity ratio of 0.28.

Dicks Sporting Goods (NYSE:DKS) last released 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 business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.90 billion. Dicks Sporting Goods had a net margin of 3.54% and a return on equity of 17.95%. The business’s revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.48 EPS. sell-side analysts anticipate that Dicks Sporting Goods will post 2.99 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in DKS. Okumus Fund Management Ltd. acquired a new position in Dicks Sporting Goods during the 3rd quarter worth approximately $46,406,000. USS Investment Management Ltd acquired a new position in Dicks Sporting Goods during the 4th quarter worth approximately $25,871,000. Prudential Financial Inc. grew its holdings in Dicks Sporting Goods by 316.5% during the 3rd quarter. Prudential Financial Inc. now owns 1,158,619 shares of the sporting goods retailer’s stock worth $31,295,000 after acquiring an additional 880,464 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Dicks Sporting Goods by 58.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,717,065 shares of the sporting goods retailer’s stock worth $46,379,000 after acquiring an additional 636,186 shares in the last quarter. Finally, Schroder Investment Management Group grew its holdings in Dicks Sporting Goods by 256.7% during the 3rd quarter. Schroder Investment Management Group now owns 543,300 shares of the sporting goods retailer’s stock worth $14,903,000 after acquiring an additional 391,000 shares in the last quarter. 73.88% of the stock is currently owned by hedge funds and other institutional investors.

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About Dicks 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.

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Analyst Recommendations for Dicks Sporting Goods (NYSE:DKS)

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