DICK’S Sporting Goods (NYSE:DKS) Raised to Buy at UBS Group

DICK’S Sporting Goods (NYSE:DKS) was upgraded by analysts at UBS Group from a “neutral” rating to a “buy” rating in a research report issued on Wednesday,Briefing.com Automated Import reports. The firm presently has a $260.00 price target on the sporting goods retailer’s stock, up from their prior price target of $225.00. UBS Group’s price target indicates a potential upside of 22.48% from the company’s current price.

DKS has been the topic of several other research reports. Wedbush restated a “neutral” rating and issued a $250.00 price target on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Evercore ISI reaffirmed an “outperform” rating and set a $280.00 price target on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Loop Capital raised their price objective on DICK’S Sporting Goods from $200.00 to $220.00 and gave the company a “hold” rating in a research report on Thursday, September 5th. TD Cowen upped their target price on DICK’S Sporting Goods from $266.00 to $270.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Finally, DA Davidson reiterated a “buy” rating and set a $265.00 target price on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $246.29.

DICK’S Sporting Goods Trading Down 1.4 %

NYSE DKS opened at $212.28 on Wednesday. The company has a market cap of $17.28 billion, a P/E ratio of 15.57, a P/E/G ratio of 2.45 and a beta of 1.64. DICK’S Sporting Goods has a 12 month low of $119.84 and a 12 month high of $239.30. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 0.69. The company has a 50-day moving average of $205.78 and a 200-day moving average of $210.53.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.68 by $0.07. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter last year, the firm posted $2.85 earnings per share. DICK’S Sporting Goods’s revenue was up .5% on a year-over-year basis. As a group, equities analysts predict that DICK’S Sporting Goods will post 13.88 earnings per share for the current year.

Institutional Investors Weigh In On DICK’S Sporting Goods

Institutional investors have recently modified their holdings of the stock. Tidal Investments LLC raised its stake in DICK’S Sporting Goods by 47.3% during the third quarter. Tidal Investments LLC now owns 7,597 shares of the sporting goods retailer’s stock valued at $1,585,000 after buying an additional 2,441 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in DICK’S Sporting Goods during the third quarter valued at $140,000. World Investment Advisors LLC bought a new stake in DICK’S Sporting Goods during the third quarter valued at $211,000. Toronto Dominion Bank raised its holdings in shares of DICK’S Sporting Goods by 29.1% during the third quarter. Toronto Dominion Bank now owns 7,322 shares of the sporting goods retailer’s stock worth $1,528,000 after purchasing an additional 1,650 shares during the period. Finally, Coldstream Capital Management Inc. lifted its position in shares of DICK’S Sporting Goods by 5.7% in the 3rd quarter. Coldstream Capital Management Inc. now owns 10,271 shares of the sporting goods retailer’s stock worth $2,143,000 after buying an additional 553 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

DICK’S Sporting Goods Company Profile

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as an omni-channel sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and fishing gear products; apparel; and footwear and accessories.