Dick’s Sporting Goods Inc (NYSE:DKS)‘s stock had its “neutral” rating restated by equities research analysts at Susquehanna Bancshares Inc in a research note issued on Wednesday.

Other research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Dick’s Sporting Goods from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Stifel Nicolaus set a $54.00 price objective on shares of Dick’s Sporting Goods and gave the company a “buy” rating in a report on Wednesday, May 17th. 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. BidaskClub cut shares of Dick’s Sporting Goods from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Dick’s Sporting Goods in a report on Tuesday. Three research analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $48.43.

Dick’s Sporting Goods (NYSE:DKS) opened at 26.87 on Wednesday. The company has a 50-day moving average of $37.10 and a 200 day moving average of $44.68. The company has a market cap of $3.02 billion, a P/E ratio of 10.41 and a beta of 0.47. Dick’s Sporting Goods has a one year low of $26.86 and a one year high of $62.88. Dick’s Sporting Goods also was the recipient of unusually large options trading activity on Monday. Stock investors purchased 9,392 put options on the stock. This is an increase of approximately 361% compared to the typical volume of 2,036 put options.

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

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Several large investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. increased its stake in Dick’s Sporting Goods by 6.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 292,898 shares of the sporting goods retailer’s stock worth $14,253,000 after buying an additional 18,198 shares during the period. Baird Financial Group Inc. increased its stake in Dick’s Sporting Goods by 16.5% in the first quarter. Baird Financial Group Inc. now owns 63,312 shares of the sporting goods retailer’s stock worth $3,081,000 after buying an additional 8,984 shares during the period. Manning & Napier Advisors LLC increased its stake in Dick’s Sporting Goods by 1,173.1% in the second quarter. Manning & Napier Advisors LLC now owns 1,043,955 shares of the sporting goods retailer’s stock worth $41,580,000 after buying an additional 961,955 shares during the period. Lazard Asset Management LLC increased its stake in Dick’s Sporting Goods by 1,779.5% in the first quarter. Lazard Asset Management LLC now owns 70,782 shares of the sporting goods retailer’s stock worth $3,443,000 after buying an additional 67,016 shares during the period. Finally, Karp Capital Management Corp bought a new stake in Dick’s Sporting Goods during the first quarter worth about $1,468,000. 76.35% of the stock is currently owned by institutional investors and hedge funds.

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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