Dicks Sporting Goods Inc (DKS) Receives Price Target

Dicks Sporting Goods Inc (DKS) has been rated by 19 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $67 and the lowest price target forecast is $46. The average forecast of all the analysts is $61.05 and the expected standard deviation is $6.12.

Dicks Sporting Goods Inc (DKS) : 13 brokerage houses believe that Dicks Sporting Goods Inc (DKS) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 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). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 22 Wall Street Analysts endorse the stock as a Buy with a rating of 1.77.


Also, Equity Analysts at the Brokerage Firm, Morgan Stanley, maintains their rating on the shares of Dicks Sporting Goods Inc (NYSE:DKS). Morgan Stanley has a Equal-weight rating on the shares. As per the latest research report, the brokerage house raises the price target to $54 per share from a prior target of $44. The rating by the firm was issued on August 17, 2016.

Dicks Sporting Goods Inc (NYSE:DKS): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $58.70 and $58.10 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $58.88. The buying momentum continued till the end and the stock did not give up its gains. It closed at $58.79, notching a gain of 0.32% for the day. The total traded volume was 1,239,470 . The stock had closed at $58.60 on the previous day.

DICKS 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 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. It also operates e-commerce Websites at www.DICKS.com and www.golfgalaxy.com.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *