Dick's Sporting Goods Inc (NYSE:DKS) Receives An Update From Brokers

Finally, Ameritas Investment Partners Inc. raised its position in shares of Dick's Sporting Goods by 88.1% in the third quarter.

Dick's Sporting Goods (dks) will dump about 20% of its vendors and stock more of its own brands as it looks to fortify itself against the market forces that killed its defunct rivals like The Sports Authority. Independent Advisor Alliance bought a new position in Dicks Sporting Goods during the fourth quarter valued at $296,000. Past 5 years growth of Dicks Sporting Goods Inc (NYSE:DKS) observed at 5.58%, and for the next five years the analysts that follow this company are expecting its growth at 12.78%. Amalgamated Bank now owns 14,554 shares of the sporting goods retailer's stock valued at $795,000 after buying an additional 3,309 shares during the period. (NYSE:DKS)went up 1.90% during trading on the USA exchange where it had a trading capacity of 2.32M shares. The stock stands almost -16.66% off versus the 52-week high and 39.06% away from the 52-week low. The company's 50 day moving average is $51.25 and its 200-day moving average is $56.06. The stock has a market capitalization of $5.75 billion, a PE ratio of 17.67 and a beta of 0.65.

Zacks also gives an average broker rating based on the sell-side recommendations from the analysts who cover Dick's Sporting Goods Inc. In Dicks Sporting Goods Inc (NYSE:DKS)'s last 12 earnings reports, it has beaten EPS estimates 66% of the time. Analysts polled by Thomson Reuters have a current consensus target on company stock of $15.75. Dicks Sporting Goods had a return on equity of 18.15% and a net margin of 4.25%. According to their predictions High & Low revenue estimates are 2.51 Billion and 2.41 Billion respectively. The company has an average rating of "Buy" and an average target price of $61.84. Investors might also evaluate a company's PEG or price to earnings growth ratio.

The company's growth for the past 5 years has been at 5.58 percent.




The company reported its last quarter on Oct 16. DKS rose 6.3%, climbed 2.23% and sank -10.23% in the week, one month and six months, respectively. This strategy, combined with the efforts to enhance the digital capabilities, will enable the company to stay ahead of consumer trends and differentiate Dicks Sporting Goods from the competition. The ex-dividend date of this dividend is Wednesday, March 8th. Over the trailing year, the stock is underperforming the S&P 500 by 0.07, and it's gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange.

This report was posted by Community Financial News and is owned by of Community Financial News. If you are viewing this piece on another website, it was stolen and republished in violation of USA & global trademark and copyright legislation. Oppenheimer Holdings, Inc. downgraded Dicks Sporting Goods from an "outperform" rating to a "market perform" rating in a research note on Tuesday, February 21st.

Several brokerages have weighed in on DKS.

As of January 28, 2017, Dick's operated 676 Dick's Sporting Goods stores, 91 golf specialty stores and 27 Field & Stream stores. Wedbush has a "Outperform" rating and a $65.00 price objective on the stock. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-three have issued a buy rating to the company.

(Copyright © 2015. All Rights Reserved.)
 
Recommended

'No economic case' for Scottish independence - Theresa May
The Scottish government have stated that they would need to seek approval from Westminster before holding a second referendum. The SNP accused May of hypocrisy, for criticising Scottish demands for independence while seeking a "hard Brexit".

Spotify Will Take on TIDAL With Hi-Fi Music Tier
Spotify, the world's largest music subscription service, today announced a major milestone: 50 million paid subscribers. Spotify is preparing to launch a lossless audio version of its streaming service , according to multiple sources.

The Bachelor: People Were Sad/Thrilled That Corinne Got Sent Home
Man, I understand that even if Nick loves Raven , he can't explicitly reciprocate, since that blows the whole show, but still. Maybe don't fish for it right now! I will admit that it did look a lot more promiscuous than i think it did.

Chelsea nearly unstoppable, says Manchester City boss Pep Guardiola
Manager David Moyes had no qualms with the Black Cats' efforts, but warned their hard work must quickly start yielding points. Sunderland head into the match six points adrift of safety, and now sit rock bottom.

Colts Starting Nose Tackle David Parry Arrested in Arizona
Investigators determined there was no connection between Parry and the two other men who were riding, and police arrested him. That's when Parry got belligerent and profane, according to a police report obtained by TMZ .

Elderly twins die after falling, spending night outside home
It's highly improbable to find out which one of them fell first or if one of the women fell while trying to help the other one. The Providence Journal reported that Haley lived at 21 Opechee Drive, Barrington, and Williams lived in East Providence.

Obama officials worked to leave investigators a trail on Russian Federation
I am expected to be part of the principals committee - so the senior-most people who have voices on the National Security Council. But under questioning, Coats appeared misinformed about a subsequent modification of the order that give Pompeo a seat.

HSU chosen for list of top volunteer-producing colleges
Peace Corps volunteers will be eligible for significant financial aid in each of the three programs as part of the Paul D. CSU is the only university in Colorado ranked among the top 10 in the Large Colleges and Universities category.

China to boost defence spending by 7 percent
Fu said recent talks with China's neighbors had eased those tensions, a position Beijing has repeated often in recent weeks as Mr. Past year saw a 7.6 per cent rise over 2015.

Eurozone inflation exceeds European Central Bank target
On the other hand, the February inflation hike was first and foremost attributable to a 7.2-percent increase in energy costs. The latest inflation was the strongest since March 2012, when prices had grown 3.6 percent.

LeEco Lays Off 270 Employees In India, Says Won't Exit
In the email sent to his employees, Jia wrote "We blindly sped ahead, and our cash demand ballooned". Demonetisation also had a big role to play in the falling sales in the Indian market.

Today Analysts Focus on Groupon, Inc. (GRPN), Office Depot, Inc. (ODP)
The company reported $0.11 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.10 by $0.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link .

Filppula rejected trade to Maple Leafs
At times, Filppula, a 6-foot, 196-pound Finn, centered Jonathan Drouin and Ryan Callahan this season. If the Flyers were out to make themselves a little younger, they achieved that.

Black colleges were not founded as choice
If this is the kind of school choice that DeVos is hoping to bring nationwide, we are up a worse creek than previously thought. DeVos' school choice backing threatens to take funding away from failing schools who may need the funding the most.

Inheritance at heart of missing French family probe
A social security card and pair of pants belonging to Charlotte were found earlier in a forested area near Brest. The bloodstains of the parents as well as Sebastien were found in the family home, though Charlotte's were not.


More News

News
More News