DICK'S Sporting Goods (NYSE:DKS) Price Target Lowered to $225.00 at UBS Group

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) had its price objective dropped by investment analysts at UBS Group from $260.00 to $225.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the sporting goods retailer's stock. UBS Group's price target suggests a potential upside of 25.38% from the company's previous close.

Other analysts have also recently issued reports about the company. Barclays raised their price objective on DICK'S Sporting Goods from $217.00 to $232.00 and gave the company an "overweight" rating in a research report on Thursday. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $220.00 target price on shares of DICK'S Sporting Goods in a report on Wednesday. Wells Fargo & Company raised their price objective on DICK'S Sporting Goods from $171.00 to $187.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. Argus upped their price target on DICK'S Sporting Goods from $255.00 to $280.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Finally, Robert W. Baird cut their target price on DICK'S Sporting Goods from $230.00 to $185.00 and set a "neutral" rating on the stock in a research report on Friday, May 16th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $220.11.

DICK'S Sporting Goods Price Performance

DKS stock traded down $1.76 during trading on Thursday, hitting $179.45. The company had a trading volume of 1,911,698 shares, compared to its average volume of 1,253,679. The company has a fifty day moving average price of $187.90 and a two-hundred day moving average price of $209.80. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. The company has a market cap of $14.33 billion, a P/E ratio of 12.83, a P/E/G ratio of 2.47 and a beta of 1.16. DICK'S Sporting Goods has a fifty-two week low of $166.37 and a fifty-two week high of $254.60.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The sporting goods retailer reported $3.37 EPS for the quarter, meeting analysts' consensus estimates of $3.37. DICK'S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.12 billion. Equities research analysts expect that DICK'S Sporting Goods will post 13.89 earnings per share for the current fiscal year.

DICK'S Sporting Goods declared that its Board of Directors has initiated a stock buyback plan on Tuesday, March 11th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the sporting goods retailer to reacquire up to 18.5% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Wealthfront Advisers LLC purchased a new position in shares of DICK'S Sporting Goods during the fourth quarter valued at approximately $1,893,210,000. Vanguard Group Inc. boosted its holdings in shares of DICK'S Sporting Goods by 8.8% in the first quarter. Vanguard Group Inc. now owns 5,850,223 shares of the sporting goods retailer's stock valued at $1,179,171,000 after purchasing an additional 471,217 shares during the period. Wellington Management Group LLP boosted its holdings in shares of DICK'S Sporting Goods by 416.9% in the first quarter. Wellington Management Group LLP now owns 2,829,780 shares of the sporting goods retailer's stock valued at $570,370,000 after purchasing an additional 2,282,300 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of DICK'S Sporting Goods by 4.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,866,177 shares of the sporting goods retailer's stock valued at $427,056,000 after purchasing an additional 77,357 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of DICK'S Sporting Goods by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 1,057,793 shares of the sporting goods retailer's stock valued at $241,660,000 after purchasing an additional 15,011 shares during the period. Hedge funds and other institutional investors own 89.83% of the company's stock.

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.