Dicks Sporting Goods (NYSE: DKS) has recently received a number of price target changes and ratings updates:

  • 1/25/2016 – Dicks Sporting Goods was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “DICK’S Sporting posted soft third-quarter fiscal 2015 results, wherein both top and bottom lines fell short of estimates. Further, comps came in way below expectations owing to warm weather which led to sluggish trends. These trends also continued into the fourth quarter. Consequently, management lowered its outlook for the fiscal, thus raising concerns about the company’s prospects. On the brighter side, results improved year over year as the company has been gaining from the successful expansion of its omni-channel network, and powerful marketing and merchandising strategies. Also, DICK Sporting’s customer-oriented strategies and healthy financial status bode well. However, vulnerability to sluggish economic recovery and stiff competition remain concerns.”
  • 1/21/2016 – Dicks Sporting Goods had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $48.00 price target on the stock.
  • 1/20/2016 – Dicks Sporting Goods had its “buy” rating reaffirmed by analysts at Sterne Agee CRT. They now have a $55.00 price target on the stock.
  • 1/19/2016 – Dicks Sporting Goods was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “DICK’S Sporting posted soft third-quarter fiscal 2015 results, wherein both top and bottom lines fell short of estimates. Further, comps came in way below expectations owing to warm weather which led to sluggish trends. These trends also continued into the fourth quarter. Consequently, management lowered its outlook for the fiscal, thus raising concerns about the company’s prospects. On the brighter side, results improved year over year as the company has been gaining from the successful expansion of its omni-channel network, and powerful marketing and merchandising strategies. Also, DICK Sporting’s customer-oriented strategies and healthy financial status bode well. However, vulnerability to sluggish economic recovery and stiff competition remain concerns.”
  • 12/28/2015 – Dicks Sporting Goods had its “buy” rating reaffirmed by analysts at Telsey Advisory Group.
  • 12/23/2015 – Dicks Sporting Goods is now covered by analysts at B. Riley. They set a “neutral” rating and a $41.00 price target on the stock.
  • 12/22/2015 – Dicks Sporting Goods had its “buy” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $50.00 price target on the stock.
  • 12/17/2015 – Dicks Sporting Goods is now covered by analysts at B. Riley. They set a “neutral” rating and a $41.00 price target on the stock.
  • 12/11/2015 – Dicks Sporting Goods had its price target lowered by analysts at Argus from $63.00 to $50.00. They now have a “buy” rating on the stock.

Dicks Sporting Goods Inc (NYSE:DKS) traded down 2.27% on Monday, reaching $36.13. 1,625,524 shares of the company traded hands. The firm has a 50 day moving average price of $36.04 and a 200 day moving average price of $45.00. Dicks Sporting Goods Inc has a 52-week low of $33.42 and a 52-week high of $60.33. The stock has a market capitalization of $4.15 billion and a price-to-earnings ratio of 11.97.

Dicks Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Tuesday, November 17th. The sporting goods retailer reported $0.45 EPS for the quarter, missing the consensus estimate of $0.47 by $0.02. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter in the previous year, the business posted $0.41 EPS. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. Equities research analysts predict that Dicks Sporting Goods Inc will post $2.91 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 31st. Shareholders of record on Friday, December 11th were given a $0.1375 dividend. This represents a $0.55 annualized dividend and a yield of 1.52%. The ex-dividend date was Wednesday, December 9th.

In other Dicks Sporting Goods news, Director Emanuel Chirico sold 8,375 shares of the business’s stock in a transaction dated Wednesday, January 13th. The shares were sold at an average price of $35.32, for a total value of $295,805.00. Following the sale, the director now directly owns 96,835 shares in the company, valued at $3,420,212.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

DICK’S Sporting Goods, Inc. is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories. The Company offers hardlines, such as sporting goods equipment, fitness equipment, golf equipment and hunting and fishing gear. The Company also owns and operates Golf Galaxy, Field & Stream and True Runner specialty stores. As of January 31, 2015, the Company operated 603 Dick’s Sporting Goods stores in 46 states, 78 Golf Galaxy stores in 29 states, 10 Field & Stream stores in five states and three True Runner stores in three states. It also operates e-commerce Websites at www.DICKS.com and www.golfgalaxy.com.

12 Month Chart for NYSE:DKS

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