RBC Capital Upgrades Dicks Sporting Goods Inc to Outperform

Brokerage firm RBC Capital Upgrades its rating on Dicks Sporting Goods Inc(NYSE:DKS). The shares have been rated Outperform. Previously, the analysts had a Sector Perform rating on the shares. The rating by RBC Capital was issued on Jul 14, 2016.

In a different note, On Jun 28, 2016, Goldman Sachs said it Maintains its rating on Dicks Sporting Goods Inc. The shares have been rated ‘Buy’ by the firm. On Jun 24, 2016, Stifel Nicolaus said it Assumes its rating on Dicks Sporting Goods Inc. The shares have been rated ‘Buy’ by the firm. On May 20, 2016, Morgan Stanley said it Upgrades its rating on Dicks Sporting Goods Inc. In the research note, the firm Raises the price-target to $39.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On May 20, 2016, Goldman Sachs said it Upgrades its rating on Dicks Sporting Goods Inc. In the research note, the firm Raises the price-target to $50.00 per share. The shares have been rated ‘Buy’ by the firm. On May 20, 2016, Brean Capital said it Maintains its rating on Dicks Sporting Goods Inc. In the research note, the firm Lowers the price-target to $50.00 per share. The shares have been rated ‘Buy’ by the firm. On May 20, 2016, Citigroup said it Maintains its rating on Dicks Sporting Goods Inc. In the research note, the firm Lowers the price-target to $52.00 per share. The shares have been rated ‘Buy’ by the firm.

Dicks Sporting Goods Inc (DKS) made into the market gainers list on Mondays trading session with the shares advancing 1.64% or 0.81 points. Due to strong positive momentum, the stock ended at $50.15, which is also near the day’s high of $50.74. The stock began the session at $49.55 and the volume stood at 21,15,669 shares. The 52-week high of the shares is $53.83 and the 52 week low is $33.42. The company has a current market capitalization of $5,720 M and it has 11,40,67,499 shares in outstanding.

Dicks Sporting Goods Inc(DKS) last announced its earnings results on May 19, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.66B. Analysts had an estimated revenue of $1.67B. Earnings per share were $0.50. Analysts had estimated an EPS of $0.50.

Several Insider Transactions has been reported to the SEC. On Mar 14, 2016, Edward W Stack (Chairman and CEO) sold 295,000 shares at $45.80 per share price.Also, 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.

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