Dicks Sporting Goods (DKS) Raised to Buy at Deutsche Bank

Dicks Sporting Goods (NYSE:DKS) was upgraded by investment analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a report issued on Friday, The Fly reports.

Several other research firms have also recently weighed in on DKS. Canaccord Genuity set a $34.00 price objective on shares of Dicks Sporting Goods and gave the stock a “hold” rating in a research report on Sunday, January 7th. BMO Capital Markets set a $40.00 target price on shares of Dicks Sporting Goods and gave the company a “buy” rating in a research report on Thursday. Morgan Stanley reiterated an “equal weight” rating and set a $28.00 target price on shares of Dicks Sporting Goods in a research report on Thursday, December 14th. Citigroup upgraded shares of Dicks Sporting Goods from a “neutral” rating to a “buy” rating and upped their target price for the company from $28.00 to $35.00 in a research report on Tuesday, December 19th. Finally, Wells Fargo & Co upgraded shares of Dicks Sporting Goods from a “market perform” rating to an “outperform” rating and upped their target price for the company from $26.00 to $35.00 in a research report on Wednesday, January 3rd. Two research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $32.60.

Dicks Sporting Goods (DKS) opened at $32.57 on Friday. The company has a quick ratio of 0.25, a current ratio of 1.61 and a debt-to-equity ratio of 0.28. Dicks Sporting Goods has a 1 year low of $23.88 and a 1 year high of $54.74. The firm has a market cap of $3,500.00, a P/E ratio of 12.02, a P/E/G ratio of 1.69 and a beta of 0.56.

Dicks Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.04. Dicks Sporting Goods had a net margin of 3.54% and a return on equity of 17.95%. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter in the previous year, the company posted $0.48 EPS. Dicks Sporting Goods’s revenue was up 7.4% on a year-over-year basis. analysts expect that Dicks Sporting Goods will post 2.97 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Okumus Fund Management Ltd. acquired a new position in Dicks Sporting Goods in the 3rd quarter worth $46,406,000. Northern Trust Corp boosted its stake in Dicks Sporting Goods by 54.6% in the 2nd quarter. Northern Trust Corp now owns 3,791,180 shares of the sporting goods retailer’s stock worth $151,003,000 after purchasing an additional 1,339,379 shares during the period. Prudential Financial Inc. boosted its stake in Dicks Sporting Goods by 316.5% in the 3rd quarter. Prudential Financial Inc. now owns 1,158,619 shares of the sporting goods retailer’s stock worth $31,295,000 after purchasing an additional 880,464 shares during the period. Dimensional Fund Advisors LP boosted its stake in Dicks Sporting Goods by 58.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,717,065 shares of the sporting goods retailer’s stock worth $46,379,000 after purchasing an additional 636,186 shares during the period. Finally, Samlyn Capital LLC boosted its stake in Dicks Sporting Goods by 856.5% in the 2nd quarter. Samlyn Capital LLC now owns 672,321 shares of the sporting goods retailer’s stock worth $26,779,000 after purchasing an additional 602,029 shares during the period. Institutional investors and hedge funds own 72.81% of the company’s stock.

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Dicks Sporting Goods Company Profile

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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Analyst Recommendations for Dicks Sporting Goods (NYSE:DKS)

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