Dicks Sporting Goods (NYSE:DKS) has been assigned a $40.00 price target by stock analysts at BMO Capital Markets in a research report issued to clients and investors on Thursday. The brokerage currently has a “buy” rating on the sporting goods retailer’s stock. BMO Capital Markets’ price objective indicates a potential upside of 27.55% from the company’s previous close.
Several other research firms have also issued reports on DKS. Morgan Stanley reissued an “equal weight” rating and set a $28.00 price target on shares of Dicks Sporting Goods in a research report on Thursday, December 14th. Wells Fargo & Co set a $29.00 price target on Dicks Sporting Goods and gave the company a “hold” rating in a research report on Wednesday, October 11th. Canaccord Genuity set a $34.00 price target on Dicks Sporting Goods and gave the company a “hold” rating in a research report on Sunday. Bank of America dropped their price target on Dicks Sporting Goods from $35.00 to $30.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 15th. Finally, Wolfe Research lowered Dicks Sporting Goods from a “peer perform” rating to an “underperform” rating and set a $20.00 price target on the stock. in a research report on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, twenty-four have given a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $32.60.
Shares of Dicks Sporting Goods (NYSE DKS) opened at $31.36 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.25 and a current ratio of 1.61. The stock has a market capitalization of $3,370.00, a P/E ratio of 11.57, a P/E/G ratio of 1.69 and a beta of 0.56. Dicks Sporting Goods has a 52-week low of $23.88 and a 52-week high of $54.77.
Several large investors have recently added to or reduced their stakes in DKS. Okumus Fund Management Ltd. bought a new position in shares of Dicks Sporting Goods in the third quarter worth $46,406,000. Northern Trust Corp grew its stake in shares of Dicks Sporting Goods by 54.6% in the second quarter. Northern Trust Corp now owns 3,791,180 shares of the sporting goods retailer’s stock worth $151,003,000 after purchasing an additional 1,339,379 shares in the last quarter. Prudential Financial Inc. grew its stake in shares of Dicks Sporting Goods by 316.5% in the third quarter. Prudential Financial Inc. now owns 1,158,619 shares of the sporting goods retailer’s stock worth $31,295,000 after purchasing an additional 880,464 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Dicks Sporting Goods by 58.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,717,065 shares of the sporting goods retailer’s stock worth $46,379,000 after purchasing an additional 636,186 shares in the last quarter. Finally, Samlyn Capital LLC grew its stake in shares of Dicks Sporting Goods by 856.5% in the second quarter. Samlyn Capital LLC now owns 672,321 shares of the sporting goods retailer’s stock worth $26,779,000 after purchasing an additional 602,029 shares in the last quarter. 72.81% of the stock is owned by institutional investors.
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Dicks 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.
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