Dick’s Sporting Goods (NYSE:DKS) Rating Change

Dick’s Sporting Goods (NYSE:DKS) was lowered by investment analysts at Telsey Advisory from “Outperform” rating to “Market Perform” rating in an analyst note issued on Monday morning. The firm currently has a $40.0 target price on the stock. Telsey Advisory’s target price would indicate a potential upside of 7.64 %.

The company’s rating downgrade is noticed by stock traders, as NYSE:DKS is currently trading -5.52% lower at $35.11 as of 6:03 AM New York time. Dick’s Sporting Goods’s stock is 0% over the past 200 days. It has underperformed the Standard & Poor’s 500 index, which has increased 6.00% over the same time period.

Out of 26 analysts covering Dick’s Sporting Goods, 17 rate it a Buy, 11 indicate a Hold while 1 suggest a Sell. The highest target is $55 and the lowest is $38 according to Thomson/First Call. The 12-month mean target is $49.88, which means upside potential of 42.07% over the current price.

Institutional Ownership

Glenhill Advisors Llc had the most significant stake with ownership of 1.67 million shares as of Q2 2015 for 5.68% of the fund’s portfolio. Tyvor Capital Llc is another bull as the institutional investor who is possessing 306,735 shares of Dick’s Sporting Goods or 4.56% of their fund’s portfolio. Moreover, William Harris Investors Inc have 3.94% of their fund’s portfolio invested in the company for 256,801 shares. The Louisiana-based fund Diversified Investment Strategies Llc revealed it had purchased a stake worth about 3.9% of the institutional investor’s stock portfolio in Dick’s Sporting Goods. The Alabama-based fund Rail is also positive about the stock, possessing 69,800 shares or 3.23% of their fund’s portfolio.

Dick’s Sporting Goods (NYSE:DKS) Profile

Dick’s Sporting Goods, Inc. is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories in its specialty retail stores primarily in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, and Dick’s Team Sports HQ, an all-in-one youth sports digital platform offering free league management services, mobile applications for scheduling, communications and live scorekeeping, custom uniforms and FanWear and access to donations and sponsorships. The Company offers its products through a content-rich e-commerce platform that is integrated with its store network and provides customers with the convenience and expertise of a 24-hour storefront.

Dick’s Sporting Goods (NYSE:DKS) traded down -5.52% on 24 July, hitting $35.11. A total of 4.07 million shares of the company’s stock traded hands. This is up from average of 1.79 million shares. Dick’s Sporting Goods has a 52 week low of $34.55 and a 52 week high of $62.88. The company has a market cap of $3.94 billion and a P/E ratio of 13.59.

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