Dick’s Sporting Goods Inc (NYSE:DKS) was upgraded by research analysts at J P Morgan Chase & Co from a “neutral” rating to an “overweight” rating in a research note issued on Wednesday.

DKS has been the subject of a number of other research reports. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Dick’s Sporting Goods in a report on Tuesday. Cowen and Company downgraded shares of Dick’s Sporting Goods from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $31.00 to $28.00 in a report on Thursday, August 24th. Susquehanna Bancshares Inc cut their price objective on shares of Dick’s Sporting Goods from $30.00 to $27.00 and set a “neutral” rating for the company in a report on Friday, November 10th. Credit Suisse Group set a $44.00 price objective on shares of Dick’s Sporting Goods and gave the company a “hold” rating in a report on Monday, August 7th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Dick’s Sporting Goods in a report on Thursday, September 14th. Two investment analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and seven have issued a buy rating to the company. Dick’s Sporting Goods currently has an average rating of “Hold” and an average target price of $33.19.

Dick’s Sporting Goods (DKS) opened at $27.97 on Wednesday. Dick’s Sporting Goods has a 1 year low of $23.88 and a 1 year high of $62.80. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.24 and a current ratio of 1.61. The firm has a market cap of $2,938.64, a PE ratio of 8.61, a P/E/G ratio of 1.15 and a beta of 0.48.

Dick’s Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.04. Dick’s Sporting Goods had a net margin of 3.54% and a return on equity of 17.95%. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter in the prior year, the firm earned $0.48 EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. analysts forecast that Dick’s Sporting Goods will post 2.95 earnings per share for the current year.

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In other news, Director William J. Colombo acquired 20,000 shares of Dick’s Sporting Goods stock in a transaction dated Tuesday, August 22nd. The shares were acquired at an average cost of $26.25 per share, for a total transaction of $525,000.00. Following the acquisition, the director now owns 323,224 shares of the company’s stock, valued at $8,484,630. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 23.09% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Dick’s Sporting Goods by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 6,802,340 shares of the sporting goods retailer’s stock valued at $270,937,000 after purchasing an additional 135,991 shares in the last quarter. TIAA CREF Investment Management LLC raised its holdings in shares of Dick’s Sporting Goods by 263.8% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 5,634,221 shares of the sporting goods retailer’s stock valued at $224,411,000 after purchasing an additional 4,085,414 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Dick’s Sporting Goods by 54.6% in the 2nd quarter. Northern Trust Corp now owns 3,791,180 shares of the sporting goods retailer’s stock valued at $151,003,000 after purchasing an additional 1,339,379 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Dick’s Sporting Goods by 10.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,828,157 shares of the sporting goods retailer’s stock valued at $72,815,000 after purchasing an additional 176,439 shares in the last quarter. Finally, Okumus Fund Management Ltd. acquired a new stake in shares of Dick’s Sporting Goods in the 3rd quarter valued at $46,406,000. Institutional investors and hedge funds own 75.92% 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.

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

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