Dicks Sporting Goods Inc (NYSE:DKS) was the recipient of unusually large options trading activity on Tuesday. Stock investors bought 10,282 put options on the stock. This represents an increase of 1,330% compared to the average volume of 719 put options.

DKS has been the topic of several recent analyst reports. BMO Capital Markets restated a “buy” rating and issued a $37.00 price objective on shares of Dicks Sporting Goods in a report on Thursday, November 2nd. Forward View upgraded shares of Dicks Sporting Goods from a “sell” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Thursday, November 16th. Citigroup upgraded shares of Dicks Sporting Goods from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $28.00 to $35.00 in a report on Tuesday, December 19th. Deutsche Bank upgraded shares of Dicks Sporting Goods from a “hold” rating to a “buy” rating and upped their price objective for the stock from $33.00 to $39.00 in a report on Friday, January 12th. Finally, Buckingham Research upgraded shares of Dicks Sporting Goods from a “neutral” rating to a “buy” rating in a report on Wednesday, January 17th. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have assigned a buy rating to the company. Dicks Sporting Goods presently has a consensus rating of “Hold” and an average price target of $33.88.

Shares of Dicks Sporting Goods (NYSE:DKS) traded up $0.90 during trading hours on Wednesday, hitting $33.65. 2,731,507 shares of the company’s stock were exchanged, compared to its average volume of 3,264,497. Dicks Sporting Goods has a 52 week low of $23.88 and a 52 week high of $52.89. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.25 and a current ratio of 1.61. The stock has a market cap of $3,500.00, a P/E ratio of 12.42, a PEG ratio of 1.87 and a beta of 0.61.

Dicks Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Tuesday, November 14th. The sporting goods retailer reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.04. Dicks Sporting Goods had a net margin of 3.54% and a return on equity of 17.95%. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same period in the prior year, the firm posted $0.48 EPS. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. research analysts expect that Dicks Sporting Goods will post 2.99 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in DKS. Cerebellum GP LLC purchased a new stake in shares of Dicks Sporting Goods in the 4th quarter valued at approximately $122,000. Toronto Dominion Bank increased its position in shares of Dicks Sporting Goods by 169.2% in the 3rd quarter. Toronto Dominion Bank now owns 4,657 shares of the sporting goods retailer’s stock valued at $126,000 after purchasing an additional 2,927 shares during the last quarter. Valeo Financial Advisors LLC purchased a new stake in shares of Dicks Sporting Goods in the 3rd quarter valued at approximately $132,000. Delpha Capital Management LLC purchased a new stake in shares of Dicks Sporting Goods in the 4th quarter valued at approximately $132,000. Finally, State of Alaska Department of Revenue purchased a new stake in shares of Dicks Sporting Goods in the 4th quarter valued at approximately $188,000. 74.20% of the stock is currently owned by 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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