Dicks Sporting Goods Inc (DKS) is Upgraded by Wolfe Research to Outperform

Dicks Sporting Goods Inc (DKS) was Upgraded by Wolfe Research to ” Outperform”. Earlier the firm had a rating of “Peer Perform ” on the company shares. Wolfe Research advised their investors in a research report released on Aug 10, 2016.

Many Wall Street Analysts have commented on Dicks Sporting Goods Inc. Company shares were Upgraded by RBC Capital Mkts on Jul 14, 2016 to ” Outperform”, Firm has raised the Price Target to $ 56 from a previous price target of $41 .Stifel Resumed Dicks Sporting Goods Inc on Jun 24, 2016 to “Buy”, Price Target of the shares are set at $50.Company shares were Reiterated by Credit Suisse on May 23, 2016 to “Neutral”, Firm has raised the Price Target to $ 48 from a previous price target of $40 .

On the company’s financial health, Dicks Sporting Goods Inc reported $0.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 19, 2016. Analyst had a consensus of $0.49. The company had revenue of $1660.30 million for the quarter, compared to analysts expectations of $1662.12 million. The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS.

Dicks Sporting Goods Inc opened for trading at $53.75 and hit $54.14 on the upside on Monday, eventually ending the session at $53.72, with a gain of 0.41% or 0.22 points. The heightened volatility saw the trading volume jump to 13,12,971 shares. Company has a market cap of $6,128 M.

In a different news, on Mar 14, 2016, Edward W Stack (Chairman and CEO) sold 295,000 shares at $45.80 per share price. According to the SEC, on Jan 15, 2016, Emanuel Chirico (director) sold 8,375 shares at $35.32 per share price. On Sep 16, 2015, William J Colombo (director) sold 20,000 shares at $50.56 per share price, according to the Form-4 filing with the securities and exchange commission.

DICK’S Sporting Goods Inc. is an omni-channel sporting goods retailer offering an assortment of sports equipment apparel footwear and accessories. The Company offers hardlines such as sporting goods equipment fitness equipment golf equipment and hunting and fishing gear. The Company also owns and operates Golf Galaxy Field & Stream and True Runner specialty stores. As of January 31 2015 the Company operated 603 Dick’s 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. It also operates e-commerce Websites at www.DICKS.com and www.golfgalaxy.com.

Dicks Sporting Goods Inc

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