Shares of Dick’s Sporting Goods (DKS) were increasing in pre-market trading on Thursday as Oppenheimer raised its stock rating to “outperform” from “perform” this morning. 8 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Dicks Sporting Goods Inc (DKS).
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Oppenheimer said it has been cautious about Dick’s in the past due to perceived challenges in the sporting goods sector, as well as the company’s “less-than-optimal” deployment strategy. The company reported the earnings of $0.82/Share in the last quarter where the estimated EPS by analysts was $0.69/share. The stock had a trading volume of 2.2 M shares. Dick’s expects to earn $2.90 to $3.05 per share for the year.
Dicks Sporting Goods Inc (NYSE:DKS): After opening at $59.73, the stock dipped to an intraday low of $59.17 on Thursday. Not based on the news in any given day, the rating may differ from Jim Cramer’s view or that of this articles’s author. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and twenty-two have assigned a buy rating to the stock. The 25 stock analysts who cover the stock have an average PT at $62.44, with individual targets in the range of $50 to $70. The team feels its strengths outweigh the fact that the company shows low profit margins. The firm has a SMA 50 (Simple Moving Average) of $13.61 and a SMA 200-(Simple Moving Average) of $12.61. The stock was sold at an average price of $58.78, for a total transaction of $2,159,400.86. NA increased its stake in shares of Dick’s Sporting Goods by 20.6% in the first quarter.
Dick’s Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Tuesday, August 16th. 455,890 shares of the company’s stock were exchanged. Dick’s Sporting Goods’s quarterly revenue was up 8.0% compared to the same quarter previous year. As of January 31, 2015, the Company operated 603 Dicks 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.
While looking at the Stock’s Performance, Dick's Sporting Goods Inc now shows a Weekly Performance of 1.19%, where Monthly Performance is 2.98%, Quarterly performance is 49.49%, 6 Months performance is 30.07% and yearly performance percentage is 17.79%. Finally, GLG Partners LP purchased a new stake in shares of Dick’s Sporting Goods during the second quarter valued at about $19,853,000. Corporate insiders own 22.96% of the company’s stock. This represents a $0.61 dividend on an annualized basis and a yield of 1.00%.
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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 in the eastern United States.
