BMO Capital Markets Analysts Give Dicks Sporting Goods (DKS) a $40.00 Price Target

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.

Dicks Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.04. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.90 billion. Dicks Sporting Goods had a return on equity of 17.95% and a net margin of 3.54%. The business’s revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.48 EPS. research analysts predict that Dicks Sporting Goods will post 2.97 earnings per share for the current year.

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.

COPYRIGHT VIOLATION NOTICE: This story was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this story on another publication, it was stolen and republished in violation of United States & international trademark & copyright laws. The correct version of this story can be accessed at https://www.com-unik.info/2018/01/11/bmo-capital-markets-analysts-give-dicks-sporting-goods-dks-a-40-00-price-target.html.

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.

Analyst Recommendations for Dicks Sporting Goods (NYSE:DKS)

What are top analysts saying about Dicks Sporting Goods? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Dicks Sporting Goods and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit