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

DICK’S Sporting Goods (NYSE:DKS) was upgraded by investment analysts at UBS Group from a “neutral” rating to a “buy” rating in a report issued on Wednesday, Marketbeat reports. The firm presently has a $260.00 target price on the sporting goods retailer’s stock, up from their previous target price of $225.00. UBS Group’s price target would indicate a potential upside of 21.69% from the company’s previous close.

Several other equities analysts also recently weighed in on DKS. DA Davidson restated a “buy” rating and set a $265.00 target price on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Telsey Advisory Group reiterated an “outperform” rating and set a $260.00 price target on shares of DICK’S Sporting Goods in a report on Tuesday. TD Cowen boosted their price objective on shares of DICK’S Sporting Goods from $266.00 to $270.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Wedbush reiterated a “neutral” rating and issued a $250.00 target price on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Finally, Bank of America increased their price target on shares of DICK’S Sporting Goods from $240.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $244.95.

DICK’S Sporting Goods Stock Up 0.7 %

DICK’S Sporting Goods stock opened at $213.66 on Wednesday. The company has a current ratio of 1.77, a quick ratio of 0.69 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $17.39 billion, a P/E ratio of 15.68, a P/E/G ratio of 2.45 and a beta of 1.64. The stock’s fifty day simple moving average is $205.79 and its 200-day simple moving average is $210.66. DICK’S Sporting Goods has a twelve month low of $120.39 and a twelve month high of $239.30.

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

Institutional Trading of DICK’S Sporting Goods

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Brooklyn Investment Group bought a new stake in shares of DICK’S Sporting Goods during the third quarter valued at approximately $27,000. ICA Group Wealth Management LLC acquired a new position in DICK’S Sporting Goods during the 2nd quarter valued at about $28,000. ORG Partners LLC acquired a new stake in shares of DICK’S Sporting Goods during the 2nd quarter worth approximately $30,000. ORG Wealth Partners LLC acquired a new stake in shares of DICK’S Sporting Goods during the 3rd quarter worth approximately $30,000. Finally, Innealta Capital LLC acquired a new position in DICK’S Sporting Goods in the second quarter valued at approximately $31,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

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.