Dick’s Sporting Goods’ (DKS) Buy Rating Reiterated at BMO Capital Markets
BMO Capital Markets reissued their buy rating on shares of Dick’s Sporting Goods Inc (NYSE:DKS) in a research note issued to investors on Thursday. The firm currently has a $37.00 price objective on the sporting goods retailer’s stock.
Other equities analysts have also recently issued reports about the company. Canaccord Genuity restated a buy rating and set a $52.00 price target on shares of Dick’s Sporting Goods in a report on Friday, July 21st. Buckingham Research initiated coverage on Dick’s Sporting Goods in a report on Monday, July 17th. They set a buy rating and a $45.00 price target on the stock. ValuEngine upgraded Dick’s Sporting Goods from a hold rating to a buy rating in a report on Tuesday, July 11th. Stifel Nicolaus restated a buy rating and set a $54.00 price target on shares of Dick’s Sporting Goods in a report on Thursday, August 10th. Finally, Barclays PLC restated an equal weight rating and set a $30.00 price target (down from $46.00) on shares of Dick’s Sporting Goods in a report on Wednesday, August 16th. Four analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and five have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $36.23.
Shares of Dick’s Sporting Goods (NYSE DKS) traded down $0.19 during mid-day trading on Thursday, reaching $24.48. The company had a trading volume of 1,826,284 shares, compared to its average volume of 2,925,915. Dick’s Sporting Goods has a 1-year low of $23.88 and a 1-year high of $62.88. The company has a market capitalization of $2,677.26, a PE ratio of 7.42, a PEG ratio of 1.08 and a beta of 0.48. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.51 and a quick ratio of 0.24.
Dick’s Sporting Goods (NYSE:DKS) last announced its earnings results on Tuesday, August 15th. The sporting goods retailer reported $0.96 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by ($0.04). Dick’s Sporting Goods had a net margin of 3.74% and a return on equity of 19.09%. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the previous year, the company earned $0.82 earnings per share. The business’s revenue was up 9.6% on a year-over-year basis. sell-side 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 firm’s stock in a transaction dated Tuesday, August 22nd. The stock was purchased at an average cost of $26.25 per share, with a total value of $525,000.00. Following the transaction, the director now directly owns 323,224 shares in the company, valued at approximately $8,484,630. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 23.09% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Dick’s Sporting Goods by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 6,802,340 shares of the sporting goods retailer’s stock worth $270,937,000 after acquiring an additional 135,991 shares during the period. Schwab Charles Investment Management Inc. grew its stake in shares of Dick’s Sporting Goods by 6.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 292,898 shares of the sporting goods retailer’s stock worth $14,253,000 after acquiring an additional 18,198 shares during the period. Sciencast Management LP bought a new position in shares of Dick’s Sporting Goods during the 2nd quarter worth $299,000. Manning & Napier Advisors LLC grew its stake in shares of Dick’s Sporting Goods by 1,173.1% during the 2nd quarter. Manning & Napier Advisors LLC now owns 1,043,955 shares of the sporting goods retailer’s stock worth $41,580,000 after acquiring an additional 961,955 shares during the period. Finally, Diversified Investment Strategies LLC grew its stake in shares of Dick’s Sporting Goods by 11.0% during the 2nd quarter. Diversified Investment Strategies LLC now owns 77,275 shares of the sporting goods retailer’s stock worth $3,078,000 after acquiring an additional 7,675 shares during the period. 76.66% of the stock is owned by hedge funds and other institutional investors.
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.
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