Zacks Investment Research cut shares of Dick’s Sporting Goods Inc (NYSE:DKS) from a hold rating to a sell rating in a research note published on Thursday morning.

According to Zacks, “DICK’S Sporting has underperformed the industry in the last three months. This could be largely due to the soft performance in first-quarter fiscal 2017. However, the company is persistently gaining from the consolidation in the sporting goods space, and opportunities arising from the liquidation of rival firms. Further, a robust e-commerce performance, continued market share gains and its latest merchandising strategy bode well. Also, the potential liquidation of Gander Mountain should boost DICK’S Sporting’s market share, though it may hurt third-quarter sales. Given this short-term hurdle and the current trends, management tweaked its fiscal 2017 sales view, while retaining its earnings outlook. Macroeconomic hurdles also remain a concern. Second quarter estimate has been going down lately ahead of the earnings release. However, the company has a positive record of earnings surprises in recent quarters.”

A number of other brokerages have also recently commented on DKS. Barclays PLC reissued an equal weight rating and issued a $46.00 price target (down from $50.00) on shares of Dick’s Sporting Goods in a research report on Wednesday, May 17th. B. Riley reissued a buy rating and issued a $58.00 price target on shares of Dick’s Sporting Goods in a research report on Monday, May 22nd. UBS AG cut Dick’s Sporting Goods from a buy rating to a neutral rating in a research report on Tuesday, May 16th. Cowen and Company set a $55.00 price target on Dick’s Sporting Goods and gave the stock a buy rating in a research report on Wednesday, May 17th. Finally, Credit Suisse Group reissued a hold rating and issued a $55.00 price target on shares of Dick’s Sporting Goods in a research report on Thursday, June 29th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and nineteen have given a buy rating to the stock. The stock has an average rating of Hold and an average target price of $55.92.

Shares of Dick’s Sporting Goods (NYSE DKS) opened at 36.67 on Thursday. Dick’s Sporting Goods has a 52 week low of $34.55 and a 52 week high of $62.88. The stock has a market capitalization of $4.12 billion, a P/E ratio of 14.20 and a beta of 0.48. The stock has a 50 day moving average price of $38.56 and a 200 day moving average price of $46.21.

Dick’s Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Tuesday, May 16th. The sporting goods retailer reported $0.54 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.54. The business had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.83 billion. Dick’s Sporting Goods had a return on equity of 18.61% and a net margin of 3.57%. The business’s revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.50 EPS. On average, equities research analysts expect that Dick’s Sporting Goods will post $3.66 EPS for the current year.

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Several large investors have recently bought and sold shares of the company. Creative Planning raised its stake in Dick’s Sporting Goods by 72.2% in the second quarter. Creative Planning now owns 2,667 shares of the sporting goods retailer’s stock valued at $106,000 after buying an additional 1,118 shares during the period. Point72 Asia Hong Kong Ltd acquired a new stake in shares of Dick’s Sporting Goods during the first quarter worth about $114,000. James Investment Research Inc. raised its stake in shares of Dick’s Sporting Goods by 7.3% in the first quarter. James Investment Research Inc. now owns 2,933 shares of the sporting goods retailer’s stock worth $143,000 after buying an additional 200 shares during the last quarter. Integrated Investment Consultants LLC raised its stake in shares of Dick’s Sporting Goods by 232.1% in the first quarter. Integrated Investment Consultants LLC now owns 3,487 shares of the sporting goods retailer’s stock worth $170,000 after buying an additional 2,437 shares during the last quarter. Finally, Verity Asset Management Inc. acquired a new stake in shares of Dick’s Sporting Goods during the first quarter worth about $206,000. Hedge funds and other institutional investors own 79.49% of the company’s stock.

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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