Dick's Sporting Goods Inc (NYSE:DKS) has been given a $27.00 target price by equities research analysts at Canaccord Genuity in a research note issued on Sunday. If the published price targets set by Cardinal Health, Inc. analysts have any power to influence the stock's share price, the highest price target set for CAH is $84. The stock's last price was lower from the average trading price of 50 days recorded at $26.45 while enlarging the period to 200 trading days, the average price was $38.92.
Several other brokerages have also weighed in on DKS. Vanguard Group Inc. now owns 6,802,340 shares of the sporting goods retailer's stock valued at $270,937,000 after purchasing an additional 135,991 shares during the last quarter. Dick's Sporting Goods now has an average rating of "Hold" and a consensus target price of $36.12. Monness Crespi & Hardt lowered Dick's Sporting Goods from a "buy" rating to a "neutral" rating in a report on Wednesday, August 16th.
November 3 investment analysts at Cowen and Company left the company rating at "Hold" targeting a price of $28.00.
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Oppenheimer Holdings dropped their Q3 2018 earnings estimates for Dick's Sporting Goods in a report released on Monday.
Shares of Dick's Sporting Goods (NYSE:DKS) traded down $0.53 on Friday, reaching $26.32. The company has a current ratio of 1.51, a quick ratio of 0.24 and a debt-to-equity ratio of 0.10. The company has a market cap of $2,936.45, a PE ratio of 8.14, a P/E/G ratio of 1.18 and a beta of 0.48.
Dick's Sporting Goods (DKS) topped Street forecasts for sales and profits, however, the sporting goods retailer said 2018 earnings could decline as much as 20%. In the latest earnings report the EPS was $2.80 with 82.49M shares presently outstanding. The firm had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.90 billion. Oregon Public Employees Retirement Fund owned about 0.06% of Dick's Sporting Goods worth $1,910,000 at the end of the most recent reporting period.
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Shares of Dick's Sporting Goods Inc. have declined 50 percent since the beginning of the year. If you are reading this article on another website, it was illegally stolen and republished in violation of global copyright and trademark laws. The correct version of this piece of content can be accessed at https://www.truebluetribune.com/2017/11/14/dicks-sporting-goods-dks-hold-rating-reaffirmed-at-oppenheimer-holdings-inc.html.
In related news, Director William J. Colombo bought 20,000 shares of the business's stock in a transaction that occurred on Tuesday, August 22nd. The stock was purchased at an average cost of $26.25 per share, with a total value of $525,000.00. Following the completion of the transaction, the director now owns 323,224 shares of the company's stock, valued at $8,484,630. TIAA CREF Investment Management LLC lifted its position in Dick's Sporting Goods by 263.8% in the second quarter.
It looks like a number of these options traders have targeted the November 23 put, too, which has seen one of the biggest increases in open interest over this time frame. US Bancorp DE grew its position in Dick's Sporting Goods by 0.8% in the second quarter. Over the course of the last 12 months, the company continued to invest in omni-channel growth, while returning over $343 million to shareholders through share repurchases and quarterly dividends. The value of the investment in Dick's Sporting Goods Inc went from $7,826,000 to $4,220,000 a change of 46.1% quarter to quarter. Current price level places the company's stock about -57.3% from the 52-week high and 12.44% away from the 52-week low. Vanguard Group Inc. lifted its position in Dick's Sporting Goods by 2.0% in the second quarter. Investment Counselors of Maryland LLC now owns 25,331 shares of the sporting goods retailer's stock worth $1,009,000 after purchasing an additional 275 shares during the period. Oppenheimer & Co Inc now owns 156,243 shares with a value of $4,220,000.
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Dick's Sporting Goods is a leading full-line sporting goods retailer in the United States.