Analysts at Goldman Sachs Group initiated coverage on shares of Dicks Sporting Goods (NYSE:DKS) in a note issued to investors on Thursday, Marketbeat.com reports. The firm set a “neutral” rating and a $38.00 price target on the sporting goods retailer’s stock. Goldman Sachs Group’s price objective suggests a potential upside of 2.12% from the company’s current price.
A number of other equities analysts also recently commented on the company. ValuEngine raised WEX from a “hold” rating to a “buy” rating in a research report on Thursday, June 13th. Bank of America set a $165.00 price objective on PVH and gave the stock a “buy” rating in a research report on Thursday, May 30th. TheStreet downgraded Misonix from a “c-” rating to a “d” rating in a report on Thursday, June 20th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $41.00 price target (down from $44.00) on shares of Dicks Sporting Goods in a report on Wednesday, March 13th. Finally, Zacks Investment Research downgraded First Merchants from a “hold” rating to a “sell” rating in a report on Monday, July 1st. One analyst has rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $40.00.
Shares of Dicks Sporting Goods stock opened at $37.21 on Thursday. Dicks Sporting Goods has a one year low of $29.69 and a one year high of $41.21. The firm has a market capitalization of $3.31 billion, a P/E ratio of 10.98, a PEG ratio of 1.92 and a beta of 0.59. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.16 and a current ratio of 1.31. The stock’s 50-day moving average is $35.08.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Nisa Investment Advisors LLC raised its stake in shares of Dicks Sporting Goods by 22.7% during the second quarter. Nisa Investment Advisors LLC now owns 21,630 shares of the sporting goods retailer’s stock worth $749,000 after purchasing an additional 4,000 shares during the last quarter. Empirical Finance LLC raised its stake in shares of Dicks Sporting Goods by 0.9% during the second quarter. Empirical Finance LLC now owns 66,946 shares of the sporting goods retailer’s stock worth $2,318,000 after purchasing an additional 583 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in shares of Dicks Sporting Goods during the second quarter worth approximately $435,000. Investors Research Corp raised its stake in shares of Dicks Sporting Goods by 23.5% during the second quarter. Investors Research Corp now owns 2,100 shares of the sporting goods retailer’s stock worth $73,000 after purchasing an additional 400 shares during the last quarter. Finally, FMR LLC raised its stake in shares of Dicks Sporting Goods by 32.4% during the first quarter. FMR LLC now owns 1,431,090 shares of the sporting goods retailer’s stock worth $52,679,000 after purchasing an additional 350,515 shares during the last quarter. 83.75% of the stock is owned by hedge funds and other institutional investors.
Dicks Sporting Goods Company Profile
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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