Dick’s Sporting Goods (NYSE:DKS) Receives a Lower Rating From J.P. Morgan. Will This be Detrimental to the Share Price?

Dick's Sporting Goods, Inc. (NYSE:DKS) Logo

Investors sentiment decreased to 0.7 in Q2 2018. Its down 0.26, from 0.96 in 2018Q1. It fall, as 51 investors sold Dick's Sporting Goods, Inc. shares while 113 reduced holdings. 53 funds opened positions while 61 raised stakes. 69.49 million shares or 1.12% more from 68.71 million shares in 2018Q1 were reported.

Cobblestone Cap Limited Liability Company accumulated 10,321 shares. Engineers Gate Manager Lp has 0.41% invested in Dick's Sporting Goods, Inc. (NYSE:DKS). 1.22 million are owned by Geode Capital Mngmt Ltd Co. Menta Ltd Company has 5,973 shares. Los Angeles Cap And Equity accumulated 0.01% or 37,647 shares. Oregon Employees Retirement Fund invested 0.02% of its portfolio in Dick's Sporting Goods, Inc. (NYSE:DKS). Cadence Capital Limited Com has invested 0.02% of its portfolio in Dick's Sporting Goods, Inc. (NYSE:DKS). Oppenheimer Inc holds 8,645 shares or 0.01% of its portfolio. Liberty Mutual Grp Inc Asset holds 0.01% in Dick's Sporting Goods, Inc. (NYSE:DKS) or 15,517 shares. Gradient Limited Co has 0% invested in Dick's Sporting Goods, Inc. (NYSE:DKS) for 21 shares. Hsbc Public Limited Com reported 58,164 shares. Fulton Bancorporation Na has 6,642 shares. Invesco Limited reported 217,153 shares. Piedmont Investment Advsr Limited Liability Corporation has 0% invested in Dick's Sporting Goods, Inc. (NYSE:DKS). Legal And General Grp Inc Public Ltd reported 129,249 shares.

Dick’s Sporting Goods (NYSE:DKS) Receives a Downgrade

This morning Dick’s Sporting Goods (NYSE:DKS) has been downgraded by J.P. Morgan to a “Hold” rating in an analyst note shared with investors and clients on Thursday, 29 November. The firm from today has a $41.0000 TP shares.

Dick's Sporting Goods, Inc. (NYSE:DKS) Ratings Coverage

Among 8 analysts covering Dick’s Sporting Goods (NYSE:DKS), 3 have Buy rating, 0 Sell and 5 Hold. Therefore 38% are positive. Dick’s Sporting Goods has $4600 highest and $36 lowest target. $40.25’s average target is 11.87% above currents $35.98 stock price. Dick’s Sporting Goods had 8 analyst reports since August 23, 2018 according to SRatingsIntel. The stock has “Equal-Weight” rating by Morgan Stanley on Thursday, October 11. Susquehanna maintained the shares of DKS in report on Sunday, November 25 with “Buy” rating. Cowen & Co maintained it with “Market Perform” rating and $42 target in Thursday, August 23 report. The stock has “Outperform” rating by Wells Fargo on Thursday, August 30. The rating was downgraded by JP Morgan to “Neutral” on Thursday, November 29. J.P. Morgan downgraded the stock to “Hold” rating in Thursday, November 29 report. On Thursday, August 30 the stock rating was maintained by Canaccord Genuity with “Hold”. The firm has “Buy” rating given on Thursday, August 30 by Citigroup.

The stock increased 1.30% or $0.46 during the last trading session, reaching $35.98. About 3.61 million shares traded or 27.75% up from the average. Dick's Sporting Goods, Inc. (NYSE:DKS) has risen 37.76% since December 2, 2017 and is uptrending. It has outperformed by 22.14% the S&P500.

Dick's Sporting Goods, Inc. operates as a sporting goods retailer primarily in the eastern United States. The company has market cap of $3.64 billion. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear products and accessories. It has a 11.14 P/E ratio. The firm also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores; and e-commerce Websites, as well as Dick's Team Sports HQ, a youth sports digital platform that offers free league management services, mobile apps for scheduling, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.

More notable recent Dick's Sporting Goods, Inc. (NYSE:DKS) news were published by: Benzinga.com which released: “Earnings Scheduled For November 28, 2018 – Benzinga” on November 28, 2018, also Seekingalpha.com with their article: “Dick’s Sporting Goods, Inc. (DKS) CEO Edward Stack on Q3 2018 Results – Earnings Call Transcript – Seeking Alpha” published on November 28, 2018, 247Wallst.com published: “Top Analyst Upgrades and Downgrades: Amex, Dick’s, Dominion Energy, Grubhub, Intel, McDonald’s, Microsoft, Nvidia, Total and More – 24/7 Wall St.” on November 29, 2018. More interesting news about Dick's Sporting Goods, Inc. (NYSE:DKS) were released by: Benzinga.com and their article: “Dan Wewar – Benzinga” published on November 30, 2018 as well as Benzinga.com‘s news article titled: “10 Stocks To Watch For November 28, 2018 – Benzinga” with publication date: November 28, 2018.

Dick's Sporting Goods, Inc. (NYSE:DKS) Institutional Positions Chart

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