Dick’s Sporting Goods (NYSE:DKS)‘s stock had its “buy” rating restated by Deutsche Bank in a research note issued on Wednesday, AnalystRatings.Net reports. They currently have a $52.00 price target on the stock, down from their previous price target of $57.00. Deutsche Bank’s price target indicates a potential upside of 11.49% from the stock’s previous close.
The analysts wrote, “While there is little doubt that weather had an impact, after 3 straight quarters, we think it’s reasonable to assume that there is more to it than that. In particular, DKS seems to be impacted by a bit of everything including share loss, fashion changes and structural issues. The share loss seems to be coming from more aggressive pricing from competitors in certain categories. The fashion issue is cycling some pretty robust trends in footwear and golf and the structural issue is in fitness equipment as consumers start using gyms more regularly as that channel offers better deals. We think DKS is taking steps to deal with each of these, but that it will take some time to work itself out. There were some silver linings, including still strong new store productivity and better gross and operating margins.”
Shares of Dick’s Sporting Goods (NYSE:DKS) traded down 0.19% on Wednesday, hitting $46.55. The stock had a trading volume of 1,780,814 shares. Dick’s Sporting Goods has a 52 week low of $44.24 and a 52 week high of $54.25. The stock has a 50-day moving average of $50.98 and a 200-day moving average of $49.84. The company has a market cap of $5.829 billion and a price-to-earnings ratio of 19.59. Dick’s Sporting Goods also saw some unusual options trading on Monday. Investors acquired 6,950 put options on the company. This represents an increase of approximately 216% compared to the typical daily volume of 2,196 put options.
Dick’s Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Tuesday, August 20th. The company reported $0.71 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.76 by $0.05. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter last year, the company posted $0.65 earnings per share. Dick’s Sporting Goods’s revenue was up 6.5% compared to the same quarter last year. On average, analysts predict that Dick’s Sporting Goods will post $2.83 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. cut their price target on shares of Dick’s Sporting Goods to $54.00 in a research note to investors on Wednesday. Separately, analysts at UBS AG reiterated a “buy” rating on shares of Dick’s Sporting Goods in a research note to investors on Wednesday. They now have a $55.00 price target on the stock, down previously from $60.00. Finally, analysts at Sterne Agee reiterated a “buy” rating on shares of Dick’s Sporting Goods in a research note to investors on Wednesday. They now have a $58.00 price target on the stock.
Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. Dick’s Sporting Goods has a consensus rating of “Buy” and an average target price of $57.05.
DICK’S Sporting Goods, Inc is a sports and fitness specialty omni-channel retailer offering a range of brand name sporting goods equipment, apparel and footwear in a specialty store environment.
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