Barclays Has Lowered Expectations for DICK'S Sporting Goods (NYSE:DKS) Stock Price

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) had its price target cut by stock analysts at Barclays from $254.00 to $223.00 in a report issued on Monday,Benzinga reports. The firm currently has an "overweight" rating on the sporting goods retailer's stock. Barclays's target price indicates a potential upside of 4.22% from the stock's current price.

A number of other equities research analysts also recently issued reports on the stock. StockNews.com upgraded shares of DICK'S Sporting Goods from a "sell" rating to a "hold" rating in a research note on Friday. Morgan Stanley increased their target price on shares of DICK'S Sporting Goods from $245.00 to $255.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. DA Davidson dropped their target price on shares of DICK'S Sporting Goods from $280.00 to $273.00 and set a "buy" rating for the company in a report on Wednesday, March 12th. Wells Fargo & Company dropped their target price on shares of DICK'S Sporting Goods from $205.00 to $171.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. Finally, Guggenheim reaffirmed a "neutral" rating on shares of DICK'S Sporting Goods in a research note on Wednesday, March 12th. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $239.89.

DICK'S Sporting Goods Stock Up 12.1%

NYSE DKS traded up $23.09 during trading hours on Monday, reaching $213.97. 850,957 shares of the company's stock were exchanged, compared to its average volume of 1,165,913. The company has a market capitalization of $17.09 billion, a price-to-earnings ratio of 15.33, a price-to-earnings-growth ratio of 2.47 and a beta of 1.16. DICK'S Sporting Goods has a one year low of $166.37 and a one year high of $254.60. The company's 50-day moving average is $193.20 and its two-hundred day moving average is $211.58. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its quarterly earnings results on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.47 by $0.15. DICK'S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The firm had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same period in the prior year, the firm posted $3.85 earnings per share. The company's quarterly revenue was up .5% compared to the same quarter last year. On average, analysts forecast that DICK'S Sporting Goods will post 13.89 EPS for the current fiscal year.

DICK'S Sporting Goods announced that its Board of Directors has authorized a stock buyback plan on Tuesday, March 11th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the sporting goods retailer to purchase up to 18.5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its stock is undervalued.

Institutional Investors Weigh In On DICK'S Sporting Goods

Hedge funds and other institutional investors have recently modified their holdings of the stock. Park Square Financial Group LLC bought a new stake in shares of DICK'S Sporting Goods during the fourth quarter valued at about $27,000. New Wave Wealth Advisors LLC bought a new position in shares of DICK'S Sporting Goods in the fourth quarter worth approximately $28,000. Ancora Advisors LLC purchased a new stake in DICK'S Sporting Goods in the fourth quarter valued at approximately $28,000. Rialto Wealth Management LLC purchased a new position in DICK'S Sporting Goods in the 4th quarter worth approximately $30,000. Finally, Sound Income Strategies LLC grew its stake in DICK'S Sporting Goods by 590.0% in the 4th quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer's stock worth $32,000 after buying an additional 118 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors.

DICK'S Sporting Goods Company Profile

Dick's Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.

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