Shares of Dick’s Sporting Goods Inc. (NYSE:DKS) have earned a consensus rating of “Buy” from the thirty-five brokerages that are presently covering the firm. One analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and twenty-two have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $61.21.

Several research analysts have issued reports on DKS shares. Vetr upgraded Dick’s Sporting Goods from a “hold” rating to a “buy” rating and set a $61.50 price objective for the company in a research report on Monday, August 22nd. Off Wall Street started coverage on Dick’s Sporting Goods in a research report on Thursday, September 29th. They issued a “sell” rating for the company. Zacks Investment Research upgraded Dick’s Sporting Goods from a “hold” rating to a “buy” rating and set a $63.00 price objective for the company in a research report on Tuesday, October 4th. Canaccord Genuity reiterated a “buy” rating and issued a $70.00 price objective on shares of Dick’s Sporting Goods in a research report on Thursday, October 6th. Finally, Argus increased their price objective on Dick’s Sporting Goods from $52.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, August 30th.

In other Dick’s Sporting Goods news, EVP Michele Willoughby sold 36,737 shares of the business’s stock in a transaction on Thursday, August 25th. The stock was 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 in the company, valued at approximately $5,814,693.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 22.96% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Acrospire Investment Management LLC acquired a new position in shares of Dick’s Sporting Goods during the first quarter worth about $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 worth $124,000 after buying an additional 1,068 shares during the period. Johnson Financial Group Inc. acquired a new position in shares of Dick’s Sporting Goods during the second quarter worth about $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 worth $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 worth $144,000 after buying an additional 2,968 shares during the period. Institutional investors own 72.16% of the company’s stock.

Dick’s Sporting Goods (NYSE:DKS) traded down 0.85% on Tuesday, hitting $57.14. The stock had a trading volume of 446,566 shares. The stock’s 50 day moving average is $58.94 and its 200 day moving average is $49.57. Dick’s Sporting Goods has a one year low of $33.42 and a one year high of $61.94. The stock has a market cap of $6.45 billion, a price-to-earnings ratio of 20.01 and a beta of 0.85.

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

The business also recently disclosed 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. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $0.61 dividend on an annualized basis and a yield of 1.05%. Dick’s Sporting Goods’s dividend payout ratio is currently 21.33%.

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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