Morgan Stanley Sticks to Its Hold Rating for Dick’s Sporting Goods (DKS)

Morgan Stanley analyst Simeon Gutman maintained a Hold rating on Dick’s Sporting Goods (DKSResearch Report) on August 22 and set a price target of $36. The company’s shares closed last Monday at $32.37.

According to TipRanks.com, Gutman is a 2-star analyst with an average return of -0.4% and a 49.2% success rate. Gutman covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Floor & Decor Holdings Inc, and Advance Auto Parts.

Dick’s Sporting Goods has an analyst consensus of Hold, with a price target consensus of $37.36, implying a 10.7% upside from current levels. In a report issued on August 8, RBC Capital also maintained a Hold rating on the stock with a $35 price target.

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The company has a one-year high of $41.21 and a one-year low of $29.69. Currently, Dick’s Sporting Goods has an average volume of 2.57M.

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Dick’s Sporting Goods, Inc. engages in the retail of extensive assortment of authentic sports equipment, apparel, footwear, and accessories through a blend of associates, in-store services, and unique specialty shop-in-shops. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.