DICK’S Sporting Goods (NYSE:DKS) Upgraded at UBS Group

DICK’S Sporting Goods (NYSE:DKS) was upgraded by analysts at UBS Group from a “neutral” rating to a “buy” rating in a research report issued on Wednesday, Marketbeat.com reports. The firm currently 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 objective would suggest a potential upside of 21.69% from the stock’s current price.

A number of other equities analysts have also recently issued reports on DKS. Wedbush reiterated a “neutral” rating and set a $250.00 target price on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. DA Davidson reissued a “buy” rating and issued a $265.00 target price on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Citigroup reduced their price target on DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Telsey Advisory Group reiterated an “outperform” rating and issued a $260.00 price objective on shares of DICK’S Sporting Goods in a report on Tuesday. Finally, Bank of America boosted their price objective on shares of DICK’S Sporting Goods from $240.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, DICK’S Sporting Goods has an average rating of “Moderate Buy” and a consensus target price of $244.95.

DICK’S Sporting Goods Trading Up 0.7 %

NYSE DKS opened at $213.66 on Wednesday. DICK’S Sporting Goods has a one year low of $120.39 and a one year high of $239.30. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 0.69. The firm has a market cap 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 50-day moving average is $205.79 and its 200-day moving average is $210.66.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, topping the consensus estimate of $2.68 by $0.07. The firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.03 billion. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The business’s quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the company posted $2.85 EPS. Sell-side analysts anticipate that DICK’S Sporting Goods will post 13.88 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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

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.