Dick’s Sporting Goods Inc (DKS) Given Hold Rating at Cowen and Company

Cowen and Company reissued their hold rating on shares of Dick’s Sporting Goods Inc (NYSE:DKS) in a research report released on Friday. Cowen and Company currently has a $28.00 price target on the sporting goods retailer’s stock.

A number of other analysts also recently issued reports on DKS. BMO Capital Markets set a $62.00 price objective on shares of Dick’s Sporting Goods and gave the company a buy rating in a report on Thursday, July 6th. Cleveland Research downgraded shares of Dick’s Sporting Goods from a buy rating to a hold rating in a report on Monday, July 10th. ValuEngine upgraded shares of Dick’s Sporting Goods from a hold rating to a buy rating in a report on Tuesday, July 11th. Zacks Investment Research downgraded shares of Dick’s Sporting Goods from a hold rating to a sell rating in a report on Wednesday, July 12th. Finally, Buckingham Research started coverage on shares of Dick’s Sporting Goods in a report on Monday, July 17th. They issued a buy rating and a $45.00 price objective on the stock. Four investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $36.23.

Dick’s Sporting Goods (DKS) traded down $0.19 during midday trading on Friday, hitting $24.48. 1,826,284 shares of the stock were exchanged, compared to its average volume of 2,925,915. The company has a quick ratio of 0.24, a current ratio of 1.51 and a debt-to-equity ratio of 0.10. Dick’s Sporting Goods has a 12 month low of $23.88 and a 12 month high of $62.88. The firm has a market capitalization of $2,677.26, a P/E ratio of 7.42, a PEG ratio of 1.08 and a beta of 0.48.

Dick’s Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Tuesday, August 15th. The sporting goods retailer reported $0.96 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.00 by ($0.04). Dick’s Sporting Goods had a net margin of 3.74% and a return on equity of 19.09%. The business had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same quarter last year, the business earned $0.82 earnings per share. Dick’s Sporting Goods’s revenue for the quarter was up 9.6% on a year-over-year basis. sell-side analysts predict that Dick’s Sporting Goods will post 2.88 earnings per share for the current fiscal year.

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In related news, Director William J. Colombo purchased 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was acquired at an average price of $26.25 per share, with a total value of $525,000.00. Following the completion of the purchase, the director now directly owns 323,224 shares in the company, valued at $8,484,630. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 23.09% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the stock. Nordea Investment Management AB raised its stake in 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 valued at $203,000 after purchasing an additional 26 shares in the last quarter. Somerset Trust Co raised its stake in Dick’s Sporting Goods by 0.4% in the second quarter. Somerset Trust Co now owns 7,233 shares of the sporting goods retailer’s stock valued at $288,000 after purchasing an additional 30 shares in the last quarter. US Bancorp DE raised its stake in Dick’s Sporting Goods by 0.8% in the second quarter. US Bancorp DE now owns 22,635 shares of the sporting goods retailer’s stock valued at $901,000 after purchasing an additional 174 shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its stake in Dick’s Sporting Goods by 1.6% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 15,395 shares of the sporting goods retailer’s stock valued at $694,000 after purchasing an additional 241 shares in the last quarter. Finally, Investment Counselors of Maryland LLC raised its stake in Dick’s Sporting Goods by 1.1% in the second quarter. Investment Counselors of Maryland LLC now owns 25,331 shares of the sporting goods retailer’s stock valued at $1,009,000 after purchasing an additional 275 shares in the last quarter. 76.66% of the stock is 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.

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