Dick’s Sporting Goods’ (DKS) “Hold” Rating Reaffirmed at Oppenheimer Holdings, Inc.

Dick’s Sporting Goods Inc (NYSE:DKS)‘s stock had its “hold” rating restated by analysts at Oppenheimer Holdings, Inc. in a report issued on Tuesday. Oppenheimer Holdings also issued estimates for Dick’s Sporting Goods’ Q3 2018 earnings at $0.26 EPS, FY2018 earnings at $2.82 EPS and FY2019 earnings at $2.95 EPS.

Several other brokerages have also recently issued reports on DKS. Zacks Investment Research raised shares of Dick’s Sporting Goods from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Citigroup Inc. cut shares of Dick’s Sporting Goods from a “buy” rating to a “neutral” rating and set a $30.00 target price on the stock. in a research note on Wednesday, August 16th. Wells Fargo & Company set a $29.00 price target on Dick’s Sporting Goods and gave the stock a “hold” rating in a report on Wednesday, October 11th. Monness Crespi & Hardt lowered Dick’s Sporting Goods from a “buy” rating to a “neutral” rating in a report on Wednesday, August 16th. Finally, Guggenheim reiterated a “neutral” rating on shares of Dick’s Sporting Goods in a report on Wednesday, August 16th. Four analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $36.12.

Shares of Dick’s Sporting Goods (NYSE:DKS) traded down $0.53 on Tuesday, reaching $26.32. 5,387,500 shares of the company’s stock traded hands, compared to its average volume of 2,883,042. Dick’s Sporting Goods has a 52 week low of $23.88 and a 52 week high of $62.88. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.24 and a current ratio of 1.51. The firm has a market cap of $2,936.45, a PE ratio of 8.14, a PEG ratio of 1.18 and a beta of 0.48.

Dick’s Sporting Goods (NYSE:DKS) last announced its earnings results on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.04. Dick’s Sporting Goods had a net margin of 3.74% and a return on equity of 19.09%. The company had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter in the previous year, the company posted $0.48 EPS. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. sell-side analysts predict that Dick’s Sporting Goods will post 2.88 EPS for the current year.

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In other Dick’s Sporting Goods news, Director William J. Colombo purchased 20,000 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was purchased at an average cost of $26.25 per share, with a total value of $525,000.00. Following the completion of the acquisition, the director now directly owns 323,224 shares of the company’s stock, valued at approximately $8,484,630. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 23.09% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in DKS. Teachers Advisors LLC lifted its stake in Dick’s Sporting Goods by 18.0% in the first quarter. Teachers Advisors LLC now owns 173,167 shares of the sporting goods retailer’s stock valued at $8,426,000 after buying an additional 26,401 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Dick’s Sporting Goods by 4.7% in the first quarter. Dimensional Fund Advisors LP now owns 875,436 shares of the sporting goods retailer’s stock valued at $42,600,000 after buying an additional 39,248 shares during the last quarter. Capstone Asset Management Co. lifted its stake in Dick’s Sporting Goods by 2.7% in the second quarter. Capstone Asset Management Co. now owns 11,462 shares of the sporting goods retailer’s stock valued at $457,000 after buying an additional 300 shares during the last quarter. Bank of Montreal Can lifted its stake in Dick’s Sporting Goods by 13.0% in the second quarter. Bank of Montreal Can now owns 80,022 shares of the sporting goods retailer’s stock valued at $3,187,000 after buying an additional 9,195 shares during the last quarter. Finally, Creative Planning lifted its stake in Dick’s Sporting Goods by 72.2% in the second quarter. Creative Planning now owns 2,667 shares of the sporting goods retailer’s stock valued at $106,000 after buying an additional 1,118 shares during the last quarter. 75.92% of the stock is owned by hedge funds and other institutional investors.

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)

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