BMO Capital Markets Analysts Give Dick’s Sporting Goods Inc (DKS) a $37.00 Price Target

Dick’s Sporting Goods Inc (NYSE:DKS) has been assigned a $37.00 price objective by equities researchers at BMO Capital Markets in a note issued to investors on Wednesday. The brokerage currently has an “outperform” rating on the sporting goods retailer’s stock. BMO Capital Markets’ price objective would indicate a potential upside of 37.70% from the company’s previous close.

A number of other equities analysts have also weighed in on the company. Bank of America Corporation reiterated a “buy” rating and set a $55.00 target price (down previously from $65.00) on shares of Dick’s Sporting Goods in a research note on Wednesday, May 17th. Wedbush reiterated an “outperform” rating and set a $68.00 target price on shares of Dick’s Sporting Goods in a research note on Sunday, May 14th. Telsey Advisory Group lowered Dick’s Sporting Goods from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $52.00 to $40.00 in a research note on Monday, July 24th. Canaccord Genuity reiterated a “buy” rating and set a $52.00 target price on shares of Dick’s Sporting Goods in a research note on Friday, July 21st. Finally, Cleveland Research lowered Dick’s Sporting Goods from a “buy” rating to a “hold” rating in a research note on Monday, July 10th. Three investment analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $44.29.

Shares of Dick’s Sporting Goods (NYSE:DKS) traded up 1.75% during mid-day trading on Wednesday, hitting $27.34. The stock had a trading volume of 7,604,844 shares. The stock has a market capitalization of $3.08 billion, a P/E ratio of 10.59 and a beta of 0.47. Dick’s Sporting Goods has a 52 week low of $26.32 and a 52 week high of $62.88. The stock has a 50 day moving average of $37.10 and a 200-day moving average of $44.68. Dick’s Sporting Goods also saw unusually large options trading on Monday. Investors acquired 9,392 put options on the company. This represents an increase of approximately 361% compared to the typical daily volume of 2,036 put options.

Dick’s Sporting Goods (NYSE:DKS) last announced its earnings results on Tuesday, August 15th. The sporting goods retailer reported $0.96 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.00 by $0.04. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.16 billion. Dick’s Sporting Goods had a return on equity of 18.61% and a net margin of 3.57%. Dick’s Sporting Goods’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter last year, the business posted $0.82 EPS. On average, equities research analysts predict that Dick’s Sporting Goods will post $3.63 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This story was first published by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this story on another site, it was illegally copied and reposted in violation of U.S. & international copyright law. The correct version of this story can be read at https://sportsperspectives.com/2017/08/16/dicks-sporting-goods-inc-dks-given-a-37-00-price-target-by-bmo-capital-markets-analysts.html.

A number of hedge funds and other institutional investors have recently made changes to their positions in DKS. BlackRock Inc. raised its position in shares of Dick’s Sporting Goods by 2,879.3% in the first quarter. BlackRock Inc. now owns 8,515,919 shares of the sporting goods retailer’s stock valued at $414,382,000 after buying an additional 8,230,087 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in shares of Dick’s Sporting Goods by 263.8% in the second quarter. TIAA CREF Investment Management LLC now owns 5,634,221 shares of the sporting goods retailer’s stock valued at $224,411,000 after buying an additional 4,085,414 shares in the last quarter. OZ Management LP bought a new position in shares of Dick’s Sporting Goods during the first quarter valued at about $86,412,000. Renaissance Technologies LLC raised its position in shares of Dick’s Sporting Goods by 424.3% in the first quarter. Renaissance Technologies LLC now owns 2,054,600 shares of the sporting goods retailer’s stock valued at $99,977,000 after buying an additional 1,662,700 shares in the last quarter. Finally, SRS Investment Management LLC bought a new position in shares of Dick’s Sporting Goods during the first quarter valued at about $72,194,000. 76.35% of the stock is owned by institutional investors and hedge funds.

About Dick’s Sporting Goods

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 Dick`s Sporting Goods (NYSE:DKS)

Receive News & Ratings for Dick's Sporting Goods Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dick's Sporting Goods Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply