Dicks Sporting Goods (NYSE:DKS) Rating Lowered to Strong Sell at ValuEngine

Dicks Sporting Goods (NYSE:DKS) was downgraded by stock analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued to investors on Thursday, ValuEngine reports.

Several other research firms have also commented on DKS. Citigroup initiated coverage on shares of Dicks Sporting Goods in a report on Wednesday, April 10th. They issued a “neutral” rating and a $40.00 price target on the stock. Zacks Investment Research upgraded shares of Dicks Sporting Goods from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Monday, July 1st. Bank of America set a $40.00 price target on shares of Dicks Sporting Goods and gave the company a “hold” rating in a report on Thursday, May 30th. TheStreet lowered shares of Dicks Sporting Goods from a “b” rating to a “c+” rating in a report on Thursday, June 20th. Finally, Goldman Sachs Group initiated coverage on shares of Dicks Sporting Goods in a report on Thursday, July 11th. They issued a “neutral” rating and a $38.00 price target on the stock. One analyst has rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the stock. Dicks Sporting Goods has a consensus rating of “Hold” and an average price target of $40.00.

NYSE DKS traded down $1.07 during mid-day trading on Thursday, hitting $33.79. The company’s stock had a trading volume of 2,520,315 shares, compared to its average volume of 1,553,898. Dicks Sporting Goods has a 52-week low of $29.69 and a 52-week high of $41.21. The company has a fifty day moving average price of $35.88. The company has a quick ratio of 0.16, a current ratio of 1.31 and a debt-to-equity ratio of 1.67. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 10.43, a P/E/G ratio of 1.99 and a beta of 0.57.

Dicks Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Wednesday, May 29th. The sporting goods retailer reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.03. Dicks Sporting Goods had a net margin of 3.76% and a return on equity of 16.95%. The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same quarter last year, the firm posted $0.59 earnings per share. Dicks Sporting Goods’s revenue for the quarter was up .6% compared to the same quarter last year. As a group, research analysts anticipate that Dicks Sporting Goods will post 3.33 earnings per share for the current year.

A number of large investors have recently modified their holdings of the business. First Bank & Trust grew its position in shares of Dicks Sporting Goods by 7.3% during the second quarter. First Bank & Trust now owns 5,785 shares of the sporting goods retailer’s stock worth $200,000 after buying an additional 395 shares in the last quarter. Investors Research Corp grew its position in shares of Dicks Sporting Goods by 23.5% during the second quarter. Investors Research Corp now owns 2,100 shares of the sporting goods retailer’s stock worth $73,000 after buying an additional 400 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of Dicks Sporting Goods by 1.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 29,934 shares of the sporting goods retailer’s stock worth $1,037,000 after buying an additional 422 shares in the last quarter. Centric Wealth Management grew its position in shares of Dicks Sporting Goods by 4.1% during the first quarter. Centric Wealth Management now owns 11,498 shares of the sporting goods retailer’s stock worth $423,000 after buying an additional 458 shares in the last quarter. Finally, Signaturefd LLC grew its position in shares of Dicks Sporting Goods by 37.7% during the second quarter. Signaturefd LLC now owns 1,986 shares of the sporting goods retailer’s stock worth $69,000 after buying an additional 544 shares in the last quarter. 83.53% of the stock is owned by institutional investors.

Dicks Sporting Goods Company Profile

Dick's Sporting Goods, Inc operates as a sporting goods retailer primarily in the eastern United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories. The company also owns and operates Golf Galaxy, Field & Stream, and other specialty concept stores; and e-commerce Websites, as well as Dick's Team Sports HQ, a youth sports digital platform that offers free league management services, mobile apps, free league management services, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.

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Analyst Recommendations for Dicks Sporting Goods (NYSE:DKS)

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