Deutsche Bank reaffirmed their buy rating on shares of Dick’s Sporting Goods (NYSE: DKS) in a report released on Tuesday, Stock Ratings Network reports. Deutsche Bank currently has a $57.00 price objective on the stock, up from their previous price objective of $54.00.
“We see Dick’s Sporting Goods as one of the best growth stories in hardline retailing, combining square footage growth, strong comps and gross margin drivers into above average EBIT and EPS growth rates. One of the perceived risks to the story however is potential online competition, particularly from Amazon (AMZN) (Buy, $266.88). But, our analysis shows that DKS has a strong competitive advantage over Amazon on product availability, which we think can help protect DKS from the threat. Maintain Buy.,” Deutsche Bank’s analyst wrote.
Dick’s Sporting Goods (NYSE: DKS) traded down 0.33% on Tuesday, hitting $51.42. Dick’s Sporting Goods has a 52-week low of $44.24 and a 52-week high of $54.25. The stock’s 50-day moving average is currently $50.4. The company has a market cap of $6.439 billion and a price-to-earnings ratio of 21.67.
The company also recently declared a quarterly dividend, which is scheduled for Friday, June 28th. Shareholders of record on Friday, June 7th will be given a dividend of $0.13 per share. This represents a $0.50 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Wednesday, June 5th.
DKS has been the subject of a number of other recent research reports. Analysts at Imperial Capital raised their price target on shares of Dick’s Sporting Goods from $55.00 to $60.00 in a research note to investors on Friday, May 24th. They now have an outperform rating on the stock. Separately, analysts at JP Morgan Cazenove raised their price target on shares of Dick’s Sporting Goods from $59.00 to $61.00 in a research note to investors on Wednesday, May 22nd. They now have an overweight rating on the stock. Finally, analysts at JPMorgan Chase reiterated an overweight rating on shares of Dick’s Sporting Goods in a research note to investors on Wednesday, May 22nd. They now have a $61.00 price target on the stock, up previously from $59.00.
Three analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $57.74.
Dick’s Sporting Goods, Inc. (NYSE: DKS) is a sporting goods retailer offering an assortment of brand name sporting goods equipment, apparel and footwear.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with Analyst Ratings Network's FREE daily email newsletter.