Dick's Sporting Goods Inc (DKS) Saw a 52-Week High

Specialist Michael O'Mara left and trader Gregory Rowe
Specialist Michael O'Mara left and trader Gregory Rowe on the floor of the NYSE Aug. 7 2017
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16 August, 2017

Some buy side analysts are also providing their Analysis on Dick's Sporting Goods Inc., where 9 analysts have rated the stock as Strong buy, 7 analysts have given a Buy signal, 15 said it's a HOLD. They presently have a $27.00 target price on the sporting goods retailer's stock. (NYSE:DDR). At the time of writing, the First Call consensus price target for the company is $11.64. However, that also was short of analysts' estimates. Oppenheimer Holdings, Inc. reissued a "hold" rating on shares of Dick's Sporting Goods in a report on Tuesday. Goldman Sachs maintained it with "Buy" rating and $53 target in Tuesday, June 28 report. The company said it has agreed to buy Norwegian firm Songa Offshore for $3.4 billion, including $2.3 billion in Songa's debt. Susquehanna initiated Dicks Sporting Goods Inc (NYSE:DKS) rating on Friday, August 12. Zacks upgraded the stock to "Sell" rating in Wednesday, August 12 report.

Teachers Advisors raised its stake in Dick's Sporting Goods (NYSE:DKS) by 18.0% during the Q1, based on the latest document with the SEC (SEC). During its last trading session, Stock traded with the total exchanged volume of 3.63 million shares. The 50 day SMA of the stock is of $37.46 along with a 200 - day SMA of $44.86. the share has a company valuation of $3.22 B, a PE book ratio of 11.094 along with a stock beta of 0.47. In 2016, same-store sales rose 3.5 percent.

Dick's Sporting Goods warned Tuesday that sales are expected to fall despite its plans to increase discounts, compounding concerns about its emphasis on stores at a time when more customers are shopping online.

Dick's Sporting Goods, Inc. Investors acquired 9,392 put options on the stock.

Dick's Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Tuesday, August 15th.

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Coach Inc (NYSE:COH) reported Q4 2017 earnings this Morning, coming in at $0.50 per share, beating Wall Street's estimates of $0.49 per Share. The company had revenue of $2.16 billion during the quarter, compared to analysts' expectations of $2.16 billion. The Return on Equity (ROE) value stands at 15.2%. During the same quarter in the prior year, the company posted $0.82 EPS.

Ratings analysis reveals 62% of Dick's Sporting Goods Inc.'s analysts are positive.

TRADEMARK VIOLATION NOTICE: "Canaccord Genuity Lowers Dick's Sporting Goods Inc (DKS) to Hold" was originally reported by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this story on another publication, it was illegally copied and republished in violation of USA and worldwide copyright and trademark laws. The legal version of this story can be accessed at https://www.themarketsdaily.com/2017/08/15/dicks-sporting-goods-inc-dks-downgraded-to-neutral-at-mkm-partners.html. It improved, as 49 investors sold DKS shares while 136 reduced holdings. Creative Planning increased its stake in Dick's Sporting Goods by 72.2% in the second quarter. BMO Capital Markets maintained the stock with "Buy" rating in Wednesday, July 5 report. NBW Capital LLC increased its position in shares of Dick's Sporting Goods by 1.8% in the second quarter. Out of 17 analysts polled by TipRanks in the last 3 months, 7 are bullish on Dick's Sporting Goods stock while 10 remain sidelined. Point72 Asia Hong Kong Ltd purchased a new stake in shares of Dick's Sporting Goods during the first quarter valued at $114,000.

After a recent spot-check, Dick's Sporting Goods, Inc. The current consensus recommendation provided by covering analysts is 2.80. Comm Bancshares stated it has 0.01% of its portfolio in Dicks Sporting Goods Inc (NYSE:DKS). BlackRock Inc. now owns 8,515,919 shares of the sporting goods retailer's stock worth $414,382,000 after buying an additional 8,230,087 shares in the last quarter.

Institutional investors now hold around $3.12 billion or 99% in DKS stock. The Firm offers its products through a content-rich e-commerce platform that is integrated with its store network and provides clients with the convenience and expertise of a 24-hour storefront.


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