Dicks Sporting Goods Inc (NYSE:DKS) has earned an average recommendation of “Hold” from the twenty-three brokerages that are currently covering the stock, Marketbeat reports. Twelve analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $41.29.
Several analysts have recently issued reports on the stock. Citigroup assumed coverage on shares of Dicks Sporting Goods in a research report on Wednesday, April 10th. They set a “neutral” rating and a $40.00 price target on the stock. Telsey Advisory Group reissued an “outperform” rating and set a $41.00 price target (down previously from $44.00) on shares of Dicks Sporting Goods in a research report on Wednesday, March 13th. Finally, Zacks Investment Research cut shares of Dicks Sporting Goods from a “buy” rating to a “hold” rating in a research report on Monday, February 4th.
Shares of DKS traded up $0.11 during mid-day trading on Friday, hitting $36.05. 1,194,595 shares of the company’s stock were exchanged, compared to its average volume of 2,207,785. The stock has a market capitalization of $3.45 billion, a PE ratio of 11.13, a P/E/G ratio of 1.87 and a beta of 0.55. Dicks Sporting Goods has a fifty-two week low of $29.69 and a fifty-two week high of $41.21. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.20 and a current ratio of 1.41.
Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in shares of Dicks Sporting Goods by 5.0% during the first quarter. BlackRock Inc. now owns 7,301,467 shares of the sporting goods retailer’s stock worth $268,766,000 after buying an additional 345,212 shares during the period. Dimensional Fund Advisors LP increased its stake in Dicks Sporting Goods by 10.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,810,276 shares of the sporting goods retailer’s stock valued at $150,081,000 after purchasing an additional 437,629 shares during the last quarter. LSV Asset Management increased its stake in Dicks Sporting Goods by 5.7% in the fourth quarter. LSV Asset Management now owns 4,663,423 shares of the sporting goods retailer’s stock valued at $145,498,000 after purchasing an additional 252,700 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Dicks Sporting Goods by 2.4% in the fourth quarter. Bank of New York Mellon Corp now owns 3,390,810 shares of the sporting goods retailer’s stock valued at $105,792,000 after purchasing an additional 78,156 shares during the last quarter. Finally, Boston Partners increased its stake in Dicks Sporting Goods by 58.8% in the fourth quarter. Boston Partners now owns 3,324,592 shares of the sporting goods retailer’s stock valued at $103,728,000 after purchasing an additional 1,230,592 shares during the last quarter. Hedge funds and other institutional investors own 82.58% of the company’s stock.
About Dicks Sporting Goods
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, free league management services, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.
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