Brean Capital reissued their buy rating on shares of Dick’s Sporting Goods Inc. (NYSE:DKS) in a research note released on Wednesday morning.

Several other research firms also recently weighed in on DKS. B. Riley reiterated a buy rating and set a $68.00 price target on shares of Dick’s Sporting Goods in a research note on Wednesday. Wedbush assumed coverage on Dick’s Sporting Goods in a research note on Tuesday, November 1st. They set an outperform rating and a $65.00 price target for the company. Vetr upgraded Dick’s Sporting Goods from a hold rating to a buy rating and set a $57.00 price target for the company in a research note on Monday, August 15th. Morgan Stanley increased their price target on Dick’s Sporting Goods from $44.00 to $54.00 and gave the stock an equal weight rating in a research note on Wednesday, August 17th. Finally, BMO Capital Markets increased their price target on Dick’s Sporting Goods from $52.00 to $65.00 and gave the stock an outperform rating in a research note on Wednesday, August 17th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. Dick’s Sporting Goods presently has a consensus rating of Buy and a consensus target price of $60.55.

Dick’s Sporting Goods (NYSE:DKS) traded down 0.21% during mid-day trading on Wednesday, hitting $57.68. 711,892 shares of the stock traded hands. The stock has a 50 day moving average price of $56.94 and a 200 day moving average price of $51.60. The firm has a market cap of $6.51 billion, a PE ratio of 20.20 and a beta of 0.71. Dick’s Sporting Goods has a 12-month low of $33.44 and a 12-month high of $62.88.

Dick’s Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Tuesday, November 15th. The sporting goods retailer reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.06. The firm earned $1.87 billion during the quarter, compared to the consensus estimate of $1.77 billion. Dick’s Sporting Goods had a return on equity of 18.43% and a net margin of 4.32%. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.45 EPS. On average, analysts expect that Dick’s Sporting Goods will post $3.05 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Friday, December 9th will be paid a $0.1513 dividend. This represents a $0.61 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Wednesday, December 7th. Dick’s Sporting Goods’s dividend payout ratio is currently 21.33%.

In other 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 value 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 $5,814,693.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 22.96% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Fund Advisors boosted its position in Dick’s Sporting Goods by 3.0% in the third quarter. BlackRock Fund Advisors now owns 3,205,714 shares of the sporting goods retailer’s stock valued at $181,828,000 after buying an additional 91,897 shares in the last quarter. Timucuan Asset Management Inc. FL boosted its stake in Dick’s Sporting Goods by 1.1% in the second quarter. Timucuan Asset Management Inc. FL now owns 1,388,103 shares of the sporting goods retailer’s stock worth $62,548,000 after buying an additional 14,425 shares during the period. AQR Capital Management LLC boosted its stake in Dick’s Sporting Goods by 28.4% in the second quarter. AQR Capital Management LLC now owns 1,022,663 shares of the sporting goods retailer’s stock worth $46,081,000 after buying an additional 226,059 shares during the period. PNC Financial Services Group Inc. boosted its stake in Dick’s Sporting Goods by 2,970.6% in the third quarter. PNC Financial Services Group Inc. now owns 873,055 shares of the sporting goods retailer’s stock worth $49,519,000 after buying an additional 844,622 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Dick’s Sporting Goods by 13.4% in the second quarter. Dimensional Fund Advisors LP now owns 844,560 shares of the sporting goods retailer’s stock worth $38,051,000 after buying an additional 99,917 shares during the period. Hedge funds and other institutional investors own 72.80% of the company’s stock.

About Dick’s Sporting Goods

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.

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