JPMorgan Chase & Co. reissued their neutral rating on shares of Dick’s Sporting Goods Inc. (NYSE:DKS) in a research note published on Monday morning. JPMorgan Chase & Co. currently has a $60.00 target price on the sporting goods retailer’s stock.

DKS has been the topic of a number of other reports. Vetr raised shares of Dick’s Sporting Goods from a hold rating to a buy rating and set a $61.50 price objective on the stock in a report on Monday, August 22nd. Off Wall Street started coverage on shares of Dick’s Sporting Goods in a report on Thursday, September 29th. They set a sell rating on the stock. Zacks Investment Research raised shares of Dick’s Sporting Goods from a hold rating to a buy rating and set a $63.00 price objective on the stock in a report on Tuesday, October 4th. Canaccord Genuity reissued a buy rating and set a $70.00 price objective on shares of Dick’s Sporting Goods in a report on Thursday, October 6th. Finally, Argus boosted their price objective on shares of Dick’s Sporting Goods from $52.00 to $66.00 and gave the company a buy rating in a report on Tuesday, August 30th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-two have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $59.40.

Analyst Recommendations for Dick`s Sporting Goods (NYSE:DKS)

Shares of Dick’s Sporting Goods (NYSE:DKS) traded down 1.32% on Monday, hitting $56.87. The stock had a trading volume of 180,274 shares. The firm has a market cap of $6.42 billion, a P/E ratio of 19.92 and a beta of 0.85. Dick’s Sporting Goods has a 12 month low of $33.42 and a 12 month high of $61.94. The firm’s 50-day moving average price is $58.94 and its 200 day moving average price is $49.57.

Dick’s Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Tuesday, August 16th. The sporting goods retailer reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.13. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $1.88 billion. Dick’s Sporting Goods had a net margin of 4.32% and a return on equity of 18.43%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.77 earnings per share. Analysts anticipate that Dick’s Sporting Goods will post $3.06 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 9th were given a dividend of $0.1513 per share. This represents a $0.61 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend was Wednesday, September 7th. Dick’s Sporting Goods’s dividend payout ratio (DPR) is 21.33%.

In related news, EVP Michele Willoughby sold 36,737 shares of the company’s stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $58.78, for a total transaction of $2,159,400.86. Following the completion of the transaction, the executive vice president now owns 98,923 shares of the company’s stock, valued at $5,814,693.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 22.96% of the company’s stock.

A number of institutional investors have recently modified their holdings of the company. Acrospire Investment Management LLC bought a new position in shares of Dick’s Sporting Goods during the first quarter valued at approximately $103,000. BlueMountain Capital Management LLC raised its position in shares of Dick’s Sporting Goods by 63.6% in the second quarter. BlueMountain Capital Management LLC now owns 2,748 shares of the sporting goods retailer’s stock valued at $124,000 after buying an additional 1,068 shares during the period. Johnson Financial Group Inc. bought a new position in shares of Dick’s Sporting Goods during the second quarter valued at approximately $135,000. Creative Planning raised its position in shares of Dick’s Sporting Goods by 84.3% in the second quarter. Creative Planning now owns 3,072 shares of the sporting goods retailer’s stock valued at $138,000 after buying an additional 1,405 shares during the period. Finally, IFP Advisors Inc raised its position in shares of Dick’s Sporting Goods by 1,257.6% in the second quarter. IFP Advisors Inc now owns 3,204 shares of the sporting goods retailer’s stock valued at $144,000 after buying an additional 2,968 shares during the period. 72.16% of the stock is owned by hedge funds and other institutional investors.

Dick’s Sporting Goods Company 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 in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, as well as e-commerce Websites at www.DICKS.com, www.golfgalaxy.com, www.fieldandstreamshop.com and www.caliastudio.com.

5 Day Chart for NYSE:DKS

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