Dicks Sporting Goods (DKS) Upgraded at UBS Group

UBS Group upgraded shares of Dicks Sporting Goods (NYSE:DKS) from a neutral rating to a positive rating in a research report report published on Tuesday, January 23rd, The Fly reports.

Other analysts have also recently issued research reports about the company. BMO Capital Markets set a $40.00 price objective on Dicks Sporting Goods and gave the stock a buy rating in a research report on Thursday, January 11th. Cowen restated a hold rating and issued a $28.00 target price on shares of Dicks Sporting Goods in a research note on Friday, November 3rd. Citigroup reduced their target price on Dicks Sporting Goods from $30.00 to $28.00 and set a neutral rating for the company in a research note on Thursday, November 16th. Bank of America reduced their target price on Dicks Sporting Goods from $35.00 to $30.00 and set a neutral rating for the company in a research note on Wednesday, November 15th. Finally, Susquehanna Bancshares reduced their target price on Dicks Sporting Goods from $30.00 to $27.00 and set a neutral rating for the company in a research note on Friday, November 10th. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have assigned a buy rating to the stock. Dicks Sporting Goods has a consensus rating of Hold and a consensus target price of $33.88.

Shares of Dicks Sporting Goods (NYSE:DKS) traded up $0.90 during midday trading on Tuesday, reaching $33.65. The company’s stock had a trading volume of 2,731,507 shares, compared to its average volume of 3,264,497. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.61 and a quick ratio of 0.25. The company has a market cap of $3,500.00, a PE ratio of 12.42, a PEG ratio of 1.87 and a beta of 0.61. Dicks Sporting Goods has a 1-year low of $23.88 and a 1-year high of $52.89.

Dicks Sporting Goods (NYSE:DKS) last announced its earnings results on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.04. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.48 EPS. analysts forecast that Dicks Sporting Goods will post 2.99 EPS for the current year.

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Dicks Sporting Goods by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 6,802,340 shares of the sporting goods retailer’s stock worth $270,937,000 after purchasing an additional 135,991 shares during the last quarter. Northern Trust Corp raised its position in shares of Dicks Sporting Goods by 54.6% during the 2nd quarter. Northern Trust Corp now owns 3,791,180 shares of the sporting goods retailer’s stock valued at $151,003,000 after buying an additional 1,339,379 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Dicks Sporting Goods by 812.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,469,346 shares of the sporting goods retailer’s stock valued at $70,969,000 after buying an additional 2,198,746 shares during the period. Renaissance Technologies LLC raised its position in shares of Dicks Sporting Goods by 29.6% during the 4th quarter. Renaissance Technologies LLC now owns 2,041,800 shares of the sporting goods retailer’s stock valued at $58,681,000 after buying an additional 466,700 shares during the period. Finally, Okumus Fund Management Ltd. purchased a new stake in shares of Dicks Sporting Goods during the 3rd quarter valued at approximately $46,406,000. Institutional investors and hedge funds own 74.20% of the company’s stock.

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About Dicks 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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