Dicks Sporting Goods (DKS) Trading 6.8% Higher

Dicks Sporting Goods Inc (NYSE:DKS) shares traded up 6.8% on Tuesday . The stock traded as high as $37.03 and last traded at $36.98. 3,585,700 shares were traded during trading, an increase of 16% from the average session volume of 3,080,841 shares. The stock had previously closed at $34.62.

Several research analysts recently weighed in on the stock. Wedbush upped their price target on shares of Dicks Sporting Goods from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 21st. ValuEngine upgraded shares of Dicks Sporting Goods from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. Canaccord Genuity set a $36.00 price target on shares of Dicks Sporting Goods and gave the stock a “hold” rating in a research report on Wednesday, August 29th. Cowen upped their price target on shares of Dicks Sporting Goods from $37.00 to $42.00 and gave the stock a “hold” rating in a research report on Thursday, August 23rd. Finally, Credit Suisse Group set a $35.00 price target on shares of Dicks Sporting Goods and gave the stock a “hold” rating in a research report on Wednesday, August 29th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have assigned a buy rating to the stock. Dicks Sporting Goods presently has an average rating of “Hold” and an average price target of $36.42.

The firm has a market cap of $3.34 billion, a P/E ratio of 12.29, a PEG ratio of 1.57 and a beta of 0.38. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.24 and a current ratio of 1.53.

Dicks Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Wednesday, August 29th. The sporting goods retailer reported $1.20 EPS for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.14. The company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.24 billion. Dicks Sporting Goods had a net margin of 3.82% and a return on equity of 17.72%. Dicks Sporting Goods’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.96 EPS. On average, research analysts expect that Dicks Sporting Goods Inc will post 3.14 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the business. Global X Management Co LLC raised its holdings in Dicks Sporting Goods by 55.1% in the 2nd quarter. Global X Management Co LLC now owns 5,310 shares of the sporting goods retailer’s stock valued at $187,000 after acquiring an additional 1,886 shares during the last quarter. Highlander Capital Management LLC purchased a new stake in shares of Dicks Sporting Goods in the 2nd quarter valued at approximately $194,000. Bridgewater Associates LP purchased a new stake in shares of Dicks Sporting Goods in the 2nd quarter valued at approximately $201,000. P.A.W. Capital Corp purchased a new stake in shares of Dicks Sporting Goods in the 2nd quarter valued at approximately $212,000. Finally, Suntrust Banks Inc. purchased a new stake in shares of Dicks Sporting Goods in the 1st quarter valued at approximately $214,000. Institutional investors own 73.79% of the company’s stock.

About Dicks Sporting Goods (NYSE:DKS)

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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