Dicks Sporting Goods (DKS) Given a $34.00 Price Target at Cowen

Dicks Sporting Goods (NYSE:DKS) has been assigned a $34.00 price target by research analysts at Cowen in a note issued to investors on Friday. The brokerage currently has a “hold” rating on the sporting goods retailer’s stock. Cowen’s price target would indicate a potential upside of 2.01% from the company’s current price.

Several other equities research analysts have also issued reports on DKS. BMO Capital Markets reissued an “outperform” rating on shares of Dicks Sporting Goods in a report on Thursday, September 14th. Wells Fargo & Co set a $29.00 target price on shares of Dicks Sporting Goods and gave the stock a “hold” rating in a report on Wednesday, October 11th. Wolfe Research lowered shares of Dicks Sporting Goods from a “peer perform” rating to an “underperform” rating and set a $20.00 target price for the company. in a report on Wednesday, November 1st. OTR Global lowered shares of Dicks Sporting Goods to a “neutral” rating in a report on Monday, November 6th. Finally, Susquehanna Bancshares reduced their target price on shares of Dicks Sporting Goods from $30.00 to $27.00 and set a “neutral” rating for the company in a report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $32.92.

Shares of Dicks Sporting Goods (NYSE DKS) opened at $33.33 on Friday. Dicks Sporting Goods has a 52-week low of $23.88 and a 52-week high of $54.74. The company has a market cap of $3,580.00, a PE ratio of 12.30, a PEG ratio of 1.78 and a beta of 0.56. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.25 and a current ratio of 1.61.

Dicks Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Tuesday, November 14th. The sporting goods retailer reported $0.30 EPS for the quarter, beating the Thomson Reuters’ 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 analyst estimates of $1.90 billion. During the same quarter in the prior year, the firm earned $0.48 EPS. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. sell-side analysts expect that Dicks Sporting Goods will post 2.97 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its position in shares of Dicks Sporting Goods by 30.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,823 shares of the sporting goods retailer’s stock valued at $113,000 after acquiring an additional 653 shares during the last quarter. Toronto Dominion Bank boosted its position in shares of Dicks Sporting Goods by 169.2% during the 3rd quarter. Toronto Dominion Bank now owns 4,657 shares of the sporting goods retailer’s stock valued at $126,000 after acquiring an additional 2,927 shares during the last quarter. Valeo Financial Advisors LLC bought a new position in shares of Dicks Sporting Goods during the 3rd quarter valued at approximately $132,000. Nordea Investment Management AB boosted its position in shares of Dicks Sporting Goods by 0.5% during the 2nd quarter. Nordea Investment Management AB now owns 5,106 shares of the sporting goods retailer’s stock valued at $203,000 after acquiring an additional 26 shares during the last quarter. Finally, QS Investors LLC lifted its position in Dicks Sporting Goods by 57,533.3% in the second quarter. QS Investors LLC now owns 5,187 shares of the sporting goods retailer’s stock worth $207,000 after buying an additional 5,178 shares during the last quarter. Hedge funds and other institutional investors 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.

Analyst Recommendations for Dicks Sporting Goods (NYSE:DKS)

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