Shares of Dicks Sporting Goods Inc (NYSE:DKS) traded down 6.2% on Thursday . The company traded as low as $34.42 and last traded at $34.86, 2,917,445 shares traded hands during trading. An increase of 28% from the average session volume of 2,271,108 shares. The stock had previously closed at $37.17.
A number of equities research analysts recently commented on the company. Zacks Investment Research raised Dicks Sporting Goods from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Monday, July 1st. ValuEngine cut Dicks Sporting Goods from a “sell” rating to a “strong sell” rating in a research note on Thursday. Goldman Sachs Group assumed coverage on Dicks Sporting Goods in a research note on Thursday, July 11th. They set a “neutral” rating and a $38.00 price objective for the company. TheStreet cut Dicks Sporting Goods from a “b” rating to a “c+” rating in a research note on Thursday, June 20th. Finally, Bank of America set a $40.00 price objective on Dicks Sporting Goods and gave the stock a “hold” rating in a research note on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $40.00.
The company has a quick ratio of 0.16, a current ratio of 1.31 and a debt-to-equity ratio of 1.67. The firm has a market capitalization of $3.43 billion, a PE ratio of 11.37, a price-to-earnings-growth ratio of 1.99 and a beta of 0.59. The business’s 50 day moving average price is $35.88.
Dicks Sporting Goods (NYSE:DKS) last posted its earnings results on Wednesday, May 29th. The sporting goods retailer reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.03. Dicks Sporting Goods had a return on equity of 16.95% and a net margin of 3.76%. The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same period in the previous year, the firm earned $0.59 earnings per share. The company’s revenue was up .6% on a year-over-year basis. As a group, sell-side analysts expect that Dicks Sporting Goods Inc will post 3.33 EPS for the current year.
A number of large investors have recently bought and sold shares of the business. First Bank & Trust grew its stake in Dicks Sporting Goods by 7.3% in the second quarter. First Bank & Trust now owns 5,785 shares of the sporting goods retailer’s stock valued at $200,000 after acquiring an additional 395 shares during the period. Investors Research Corp lifted its holdings in shares of Dicks Sporting Goods by 23.5% in the second quarter. Investors Research Corp now owns 2,100 shares of the sporting goods retailer’s stock valued at $73,000 after purchasing an additional 400 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of Dicks Sporting Goods by 1.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 29,934 shares of the sporting goods retailer’s stock valued at $1,037,000 after purchasing an additional 422 shares in the last quarter. Centric Wealth Management lifted its holdings in shares of Dicks Sporting Goods by 4.1% in the first quarter. Centric Wealth Management now owns 11,498 shares of the sporting goods retailer’s stock valued at $423,000 after purchasing an additional 458 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of Dicks Sporting Goods by 37.7% in the second quarter. Signaturefd LLC now owns 1,986 shares of the sporting goods retailer’s stock valued at $69,000 after purchasing an additional 544 shares in the last quarter. 83.53% of the stock is owned by hedge funds and other institutional investors.
About Dicks Sporting Goods (NYSE:DKS)
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.