Dicks Sporting Goods (NYSE:DKS) Trading Down 6.2%

Shares of Dicks Sporting Goods Inc (NYSE:DKS) fell 6.2% during trading on Thursday . The company traded as low as $34.42 and last traded at $34.86, 2,917,445 shares changed hands during mid-day trading. An increase of 28% from the average session volume of 2,271,108 shares. The stock had previously closed at $37.17.

A number of brokerages have recently commented on DKS. Citigroup began coverage on shares of Dicks Sporting Goods in a research note on Wednesday, April 10th. They issued a “neutral” rating and a $40.00 price target for the company. ValuEngine lowered shares of Dicks Sporting Goods from a “sell” rating to a “strong sell” rating in a research note on Thursday. Zacks Investment Research upgraded shares of Dicks Sporting Goods from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research note on Monday, July 1st. TheStreet downgraded shares of Dicks Sporting Goods from a “b” rating to a “c+” rating in a report on Thursday, June 20th. Finally, Bank of America set a $40.00 price objective on shares of Dicks Sporting Goods and gave the stock a “hold” rating in a report on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $40.00.

The company has a current ratio of 1.31, a quick ratio of 0.16 and a debt-to-equity ratio of 1.67. The firm has a market capitalization of $3.42 billion, a P/E ratio of 10.43, a PEG ratio of 1.99 and a beta of 0.57. The company has a fifty day moving average of $35.88.

Dicks Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Wednesday, May 29th. The sporting goods retailer reported $0.62 earnings per share for the quarter, beating the 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 business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter in the previous year, the firm earned $0.59 earnings per share. The company’s revenue for the quarter was up .6% on a year-over-year basis. As a group, equities analysts expect that Dicks Sporting Goods Inc will post 3.33 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of DKS. Advisor Group Inc. lifted its holdings in Dicks Sporting Goods by 62.2% during the fourth quarter. Advisor Group Inc. now owns 3,198 shares of the sporting goods retailer’s stock valued at $99,000 after purchasing an additional 1,226 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Dicks Sporting Goods by 10.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,810,276 shares of the sporting goods retailer’s stock valued at $150,081,000 after purchasing an additional 437,629 shares in the last quarter. Legal & General Group Plc lifted its holdings in Dicks Sporting Goods by 2.8% during the fourth quarter. Legal & General Group Plc now owns 126,620 shares of the sporting goods retailer’s stock valued at $3,951,000 after purchasing an additional 3,479 shares in the last quarter. APG Asset Management N.V. lifted its holdings in Dicks Sporting Goods by 593.0% during the fourth quarter. APG Asset Management N.V. now owns 108,800 shares of the sporting goods retailer’s stock valued at $2,969,000 after purchasing an additional 93,100 shares in the last quarter. Finally, FMR LLC lifted its holdings in Dicks Sporting Goods by 6.0% during the fourth quarter. FMR LLC now owns 1,080,575 shares of the sporting goods retailer’s stock valued at $33,713,000 after purchasing an additional 61,114 shares in the last quarter. 83.53% of the stock is currently owned by institutional investors and hedge funds.

About Dicks Sporting Goods (NYSE:DKS)

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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