Dicks Sporting Goods (DKS) Downgraded by Citigroup

Dicks Sporting Goods (NYSE:DKS) was downgraded by stock analysts at Citigroup from a “buy” rating to a “neutral” rating in a research report issued on Monday, Marketbeat.com reports. They currently have a $40.00 price objective on the sporting goods retailer’s stock. Citigroup’s price objective suggests a potential upside of 10.07% from the stock’s previous close.

DKS has been the topic of a number of other research reports. JPMorgan Chase & Co. cut Dicks Sporting Goods from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $46.00 to $41.00 in a report on Thursday, November 29th. Royal Bank of Canada increased their price objective on Dicks Sporting Goods to $38.00 and gave the stock a “market perform” rating in a report on Thursday, November 29th. Stifel Nicolaus reissued a “hold” rating and set a $34.00 price objective on shares of Dicks Sporting Goods in a report on Monday, November 26th. ValuEngine cut Dicks Sporting Goods from a “hold” rating to a “sell” rating in a report on Wednesday, November 21st. Finally, Raymond James reissued a “hold” rating on shares of Dicks Sporting Goods in a report on Sunday. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $39.50.

Shares of DKS opened at $36.34 on Monday. The stock has a market cap of $3.64 billion, a P/E ratio of 12.07, a P/E/G ratio of 1.79 and a beta of 0.32. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.19 and a current ratio of 1.61. Dicks Sporting Goods has a 52-week low of $28.73 and a 52-week high of $39.75.

Dicks Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Wednesday, November 28th. The sporting goods retailer reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.13. The business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Dicks Sporting Goods had a return on equity of 18.10% and a net margin of 3.87%. The firm’s quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.30 EPS. As a group, research analysts expect that Dicks Sporting Goods will post 3.23 EPS for the current year.

Several large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its position in shares of Dicks Sporting Goods by 24.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,071,157 shares of the sporting goods retailer’s stock valued at $143,514,000 after purchasing an additional 797,195 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Dicks Sporting Goods by 3.2% during the 1st quarter. Principal Financial Group Inc. now owns 365,486 shares of the sporting goods retailer’s stock valued at $12,810,000 after purchasing an additional 11,315 shares during the last quarter. Cumberland Partners Ltd bought a new position in shares of Dicks Sporting Goods during the 2nd quarter valued at about $599,000. Teton Advisors Inc. increased its position in shares of Dicks Sporting Goods by 31.5% during the 2nd quarter. Teton Advisors Inc. now owns 14,627 shares of the sporting goods retailer’s stock valued at $516,000 after purchasing an additional 3,500 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its position in shares of Dicks Sporting Goods by 51.7% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 13,382 shares of the sporting goods retailer’s stock valued at $472,000 after purchasing an additional 4,561 shares during the last quarter. 78.56% of the stock is currently owned by hedge funds and other institutional investors.

Dicks Sporting Goods Company Profile

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 for scheduling, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.

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Analyst Recommendations for Dicks Sporting Goods (NYSE:DKS)

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