Oppenheimer Upgrades Dicks Sporting Goods Inc to Outperform

Brokerage firm Oppenheimer Upgrades its rating on Dicks Sporting Goods Inc(NYSE:DKS). The shares have been rated Outperform. Previously, the analysts had a Market Perform rating on the shares. The rating by Oppenheimer was issued on Sep 15, 2016.

In a different note, On Aug 30, 2016, Argus Research said it Maintains its rating on Dicks Sporting Goods Inc. In the research note, the firm Raises the price-target to $52.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 17, 2016, Morgan Stanley said it Maintains its rating on Dicks Sporting Goods Inc. In the research note, the firm Raises the price-target to $44.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On Aug 17, 2016, Citigroup said it Maintains its rating on Dicks Sporting Goods Inc. In the research note, the firm Raises the price-target to $58.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 17, 2016, Credit Suisse said it Maintains its rating on Dicks Sporting Goods Inc. In the research note, the firm Raises the price-target to $48.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 17, 2016, Barclays said it Maintains its rating on Dicks Sporting Goods Inc. The shares have been rated ‘Equal-weight’ by the firm. On Aug 17, 2016, Goldman Sachs said it Downgrades its rating on Dicks Sporting Goods Inc. In the research note, the firm Raises the price-target to $56.00 per share. The shares have been rated ‘Neutral’ by the firm.

Dicks Sporting Goods Inc (DKS) shares turned negative on Tuesdays trading session with the shares closing down -0.03 points or -0.05% at a volume of 9,75,688. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $61.235. The peak price level was also seen at $61.235 while the days lowest was $60.56. Finally the shares closed at $60.8. The 52-week high of the shares is $61.61 while the 52-week low is $33.42. According to the latest information available, the market cap of the company is $6,865 M.

Dicks Sporting Goods Inc(DKS) last announced its earnings results on Aug 16, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.97B. Analysts had an estimated revenue of $1.88B. Earnings per share were $0.82. Analysts had estimated an EPS of $0.68.

Several Insider Transactions has been reported to the SEC. On Aug 25, 2016, Michele Willoughby (EVP, ECom and Supply Chain) sold 36,737 shares at $58.78 per share price.Also, On Mar 14, 2016, Edward W Stack (Chairman and CEO) sold 295,000 shares at $45.80 per share price.On Jan 15, 2016, Emanuel Chirico (director) sold 8,375 shares at $35.32 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.

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