OTR Global upgraded shares of Dicks Sporting Goods (NYSE:DKS) to a positive rating in a research report sent to investors on Wednesday, The Fly reports.

Several other brokerages also recently issued reports on DKS. Robert W. Baird lifted their target price on Dicks Sporting Goods from $38.70 to $39.00 and gave the company a neutral rating in a research note on Wednesday, May 30th. Deutsche Bank set a $45.00 target price on Dicks Sporting Goods and gave the company a buy rating in a research note on Thursday, May 31st. Deutsche Bank lifted their target price on Dicks Sporting Goods to $45.00 and gave the company a buy rating in a research note on Thursday, May 31st. Credit Suisse Group set a $35.00 target price on Dicks Sporting Goods and gave the company a hold rating in a research note on Wednesday, May 30th. Finally, JPMorgan Chase & Co. lifted their target price on Dicks Sporting Goods from $43.00 to $46.00 and gave the company an overweight rating in a research note on Thursday, May 31st. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the company. Dicks Sporting Goods has a consensus rating of Buy and a consensus target price of $35.67.

Shares of DKS opened at $37.16 on Wednesday. The company has a market cap of $3.54 billion, a P/E ratio of 12.35, a price-to-earnings-growth ratio of 1.13 and a beta of 0.47. Dicks Sporting Goods has a 12-month low of $23.88 and a 12-month high of $38.99. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.24 and a current ratio of 1.65.

Dicks Sporting Goods (NYSE:DKS) last issued its earnings results on Wednesday, May 30th. The sporting goods retailer reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.14. The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.88 billion. Dicks Sporting Goods had a return on equity of 16.98% and a net margin of 3.75%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the company earned $0.54 EPS. equities analysts expect that Dicks Sporting Goods will post 3.08 EPS for the current year.

Large investors have recently added to or reduced their stakes in the business. Global X Management Co LLC increased its stake in Dicks Sporting Goods by 55.1% in the 2nd quarter. Global X Management Co LLC now owns 5,310 shares of the sporting goods retailer’s stock worth $187,000 after acquiring an additional 1,886 shares during the last quarter. Highlander Capital Management LLC purchased a new position in shares of Dicks Sporting Goods in the 2nd quarter worth approximately $194,000. Bridgewater Associates LP purchased a new position in shares of Dicks Sporting Goods in the 2nd quarter worth approximately $201,000. D.B. Root & Company LLC purchased a new position in shares of Dicks Sporting Goods in the 1st quarter worth approximately $200,000. Finally, Commerce Bank purchased a new position in shares of Dicks Sporting Goods in the 1st quarter worth approximately $208,000. 71.20% of the stock is currently owned by institutional investors and hedge funds.

About Dicks Sporting Goods

Dick's Sporting Goods, Inc operates as a sporting goods retailer primarily in the eastern United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories. The company also owns and operates Golf Galaxy, Field & Stream, and other specialty concept stores; and e-commerce Websites, as well as Dick's Team Sports HQ, a youth sports digital platform that offers free league management services, mobile apps for scheduling, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.

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Analyst Recommendations for Dicks Sporting Goods (NYSE:DKS)

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