DICK’S Sporting Goods (NYSE:DKS) Upgraded by UBS Group to Buy Rating

DICK’S Sporting Goods (NYSE:DKS) was upgraded by analysts at UBS Group from a “neutral” rating to a “buy” rating in a report released on Wednesday,Briefing.com Automated Import reports. The brokerage presently has a $260.00 price target on the sporting goods retailer’s stock, up from their prior price target of $225.00. UBS Group’s target price suggests a potential upside of 22.48% from the stock’s previous close.

A number of other research firms have also recently weighed in on DKS. Wedbush reaffirmed a “neutral” rating and set a $250.00 price target on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Bank of America lifted their target price on DICK’S Sporting Goods from $240.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. Barclays increased their price target on DICK’S Sporting Goods from $247.00 to $254.00 and gave the stock an “overweight” rating in a research note on Thursday, September 5th. Telsey Advisory Group reiterated an “outperform” rating and issued a $260.00 target price on shares of DICK’S Sporting Goods in a research report on Tuesday. Finally, TD Cowen boosted their price target on shares of DICK’S Sporting Goods from $266.00 to $270.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, DICK’S Sporting Goods currently has a consensus rating of “Moderate Buy” and an average target price of $246.29.

DICK’S Sporting Goods Price Performance

Shares of DKS opened at $212.28 on Wednesday. DICK’S Sporting Goods has a 12 month low of $119.84 and a 12 month high of $239.30. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 0.69. The stock has a fifty day moving average price of $205.78 and a 200 day moving average price of $210.53. The company has a market cap of $17.28 billion, a P/E ratio of 15.57, a PEG ratio of 2.45 and a beta of 1.64.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.68 by $0.07. The business had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.03 billion. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The company’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the company earned $2.85 EPS. On average, research analysts forecast that DICK’S Sporting Goods will post 13.88 earnings per share for the current year.

Institutional Investors Weigh In On DICK’S Sporting Goods

Large investors have recently made changes to their positions in the company. ICA Group Wealth Management LLC purchased a new position in DICK’S Sporting Goods during the 2nd quarter worth approximately $28,000. Brooklyn Investment Group acquired a new stake in shares of DICK’S Sporting Goods in the third quarter worth $27,000. Innealta Capital LLC purchased a new position in shares of DICK’S Sporting Goods during the second quarter valued at $31,000. ORG Partners LLC acquired a new position in DICK’S Sporting Goods during the second quarter valued at $30,000. Finally, ORG Wealth Partners LLC purchased a new stake in DICK’S Sporting Goods in the 3rd quarter worth about $30,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

About DICK’S Sporting Goods

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as an omni-channel sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and fishing gear products; apparel; and footwear and accessories.