Dick’s Sporting Goods Inc (NYSE:DKS)‘s stock had its “equal weight” rating reaffirmed by Barclays PLC in a research note issued on Wednesday, MarketBeat.com reports. They currently have a $30.00 price objective on the sporting goods retailer’s stock, down from their prior price objective of $46.00. Barclays PLC’s target price suggests a potential upside of 8.30% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. B. Riley reiterated a “buy” rating and set a $58.00 price objective on shares of Dick’s Sporting Goods in a report on Wednesday, May 17th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Dick’s Sporting Goods in a report on Saturday, May 13th. UBS AG cut Dick’s Sporting Goods from a “buy” rating to a “neutral” rating in a report on Tuesday, May 16th. Citigroup Inc. reiterated a “buy” rating and set a $55.00 price objective (down previously from $65.00) on shares of Dick’s Sporting Goods in a report on Wednesday, May 17th. Finally, Canaccord Genuity set a $54.00 price objective on Dick’s Sporting Goods and gave the company a “buy” rating in a report on Saturday, July 1st. Four analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $43.74.

Dick’s Sporting Goods (NYSE:DKS) traded up 3.09% during mid-day trading on Wednesday, hitting $27.70. 14,155,141 shares of the stock were exchanged. Dick’s Sporting Goods has a 12-month low of $26.32 and a 12-month high of $62.88. The stock has a market capitalization of $3.12 billion, a P/E ratio of 10.73 and a beta of 0.47. The firm has a 50-day moving average price of $37.10 and a 200-day moving average price of $44.68. Dick’s Sporting Goods also was the target of some unusual options trading on Monday. Stock traders acquired 9,392 put options on the stock. This represents an increase of approximately 361% compared to the average volume of 2,036 put options.

Dick’s Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Tuesday, August 15th. The sporting goods retailer reported $0.96 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by $0.04. Dick’s Sporting Goods had a net margin of 3.57% and a return on equity of 18.61%. The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter last year, the firm earned $0.82 EPS. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. Equities analysts predict that Dick’s Sporting Goods will post $3.63 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Creative Planning raised its position in shares of 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 worth $106,000 after buying an additional 1,118 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Dick’s Sporting Goods by 30.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,823 shares of the sporting goods retailer’s stock worth $113,000 after buying an additional 653 shares in the last quarter. Point72 Asia Hong Kong Ltd purchased a new position in shares of Dick’s Sporting Goods during the first quarter worth approximately $114,000. James Investment Research Inc. raised its position 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 in the last quarter. Finally, Nordea Investment Management AB raised its position in shares of Dick’s Sporting Goods by 0.5% in the second quarter. Nordea Investment Management AB now owns 5,106 shares of the sporting goods retailer’s stock worth $203,000 after buying an additional 26 shares in the last quarter. 76.35% of the stock is currently owned by hedge funds and other institutional investors.

Dick’s Sporting Goods Company Profile

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.

Analyst Recommendations for Dick`s Sporting Goods (NYSE:DKS)

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