Robert W. Baird Reiterates “Hold” Rating for Dicks Sporting Goods (NYSE:DKS)
Robert W. Baird restated their hold rating on shares of Dicks Sporting Goods (NYSE:DKS) in a report released on Wednesday, January 3rd. They currently have a $32.00 price objective on the sporting goods retailer’s stock.
Other equities research analysts have also recently issued reports about the stock. BMO Capital Markets reissued a buy rating and issued a $37.00 price objective on shares of Dicks Sporting Goods in a research note on Thursday, November 2nd. Forward View upgraded shares of Dicks Sporting Goods from a sell rating to a buy rating and set a $30.00 target price on the stock in a report on Thursday, November 16th. Citigroup upgraded shares of Dicks Sporting Goods from a neutral rating to a buy rating and upped their target price for the company from $28.00 to $35.00 in a report on Tuesday, December 19th. Morgan Stanley reduced their target price on shares of Dicks Sporting Goods from $30.00 to $28.00 and set an equal weight rating on the stock in a report on Wednesday, November 15th. Finally, Wells Fargo & Co set a $29.00 target price on shares of Dicks Sporting Goods and gave the company a hold rating in a report on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and thirteen have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $34.00.
Shares of Dicks Sporting Goods (DKS) opened at $33.03 on Wednesday. The company has a market cap of $3,590.00, a price-to-earnings ratio of 12.35, a P/E/G ratio of 1.83 and a beta of 0.56. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.61 and a quick ratio of 0.25. Dicks Sporting Goods has a 12-month low of $23.88 and a 12-month high of $53.75.
Large investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. grew its position in Dicks Sporting Goods by 30.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,823 shares of the sporting goods retailer’s stock valued at $113,000 after acquiring an additional 653 shares in the last quarter. HPM Partners LLC acquired a new stake in shares of Dicks Sporting Goods during the second quarter worth approximately $272,000. Cerebellum GP LLC acquired a new stake in shares of Dicks Sporting Goods during the fourth quarter worth approximately $122,000. Toronto Dominion Bank grew its position in shares of Dicks Sporting Goods by 169.2% during the third quarter. Toronto Dominion Bank now owns 4,657 shares of the sporting goods retailer’s stock worth $126,000 after buying an additional 2,927 shares in the last quarter. Finally, Valeo Financial Advisors LLC acquired a new stake in shares of Dicks Sporting Goods during the third quarter worth approximately $132,000. 73.88% of the stock is owned by institutional investors.
About Dicks 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.
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