Dick’s Sporting Goods Inc. (NYSE:DKS) – Oppenheimer Holdings increased their FY2017 earnings per share estimates for shares of Dick’s Sporting Goods in a research report issued on Tuesday. Oppenheimer Holdings analyst B. Nagel now forecasts that the brokerage will post earnings per share of $3.09 for the year, up from their previous estimate of $3.02. Oppenheimer Holdings currently has a “Outperform” rating and a $75.00 target price on the stock.

A number of other research firms have also recently weighed in on DKS. Zacks Investment Research upgraded Dick’s Sporting Goods from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a report on Tuesday, October 4th. Off Wall Street assumed coverage on Dick’s Sporting Goods in a research note on Thursday, September 29th. They set a “sell” rating for the company. Vetr upgraded Dick’s Sporting Goods from a “hold” rating to a “buy” rating and set a $61.50 target price for the company in a research note on Monday, August 22nd. Canaccord Genuity reissued a “buy” rating and set a $70.00 price target on shares of Dick’s Sporting Goods in a research report on Thursday, October 6th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $60.00 price target on shares of Dick’s Sporting Goods in a research report on Monday, October 10th. One research 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 stock. Dick’s Sporting Goods presently has an average rating of “Buy” and a consensus target price of $60.55.

Earnings History and Estimates for Dick`s Sporting Goods (NYSE:DKS)

Shares of Dick’s Sporting Goods (NYSE:DKS) traded up 1.356% on Wednesday, reaching $58.584. 326,549 shares of the company were exchanged. The stock has a market capitalization of $6.61 billion, a PE ratio of 20.520 and a beta of 0.71. The company has a 50-day moving average price of $56.94 and a 200 day moving average price of $51.60. Dick’s Sporting Goods has a 1-year low of $33.44 and a 1-year high of $62.88.

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

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

In other Dick’s Sporting Goods news, EVP Michele Willoughby sold 36,737 shares of Dick’s Sporting Goods 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 approximately $5,814,693.94. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 22.96% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in the company. BlueMountain Capital Management LLC increased its stake in 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 last quarter. Daiwa Securities Group Inc. increased its stake in Dick’s Sporting Goods by 10.0% in the third quarter. Daiwa Securities Group Inc. now owns 2,200 shares of the sporting goods retailer’s stock worth $125,000 after buying an additional 200 shares during the last quarter. James Investment Research Inc. increased its stake in Dick’s Sporting Goods by 505.3% in the third quarter. James Investment Research Inc. now owns 2,300 shares of the sporting goods retailer’s stock worth $130,000 after buying an additional 1,920 shares during the last quarter. Johnson Financial Group Inc. purchased a new stake in Dick’s Sporting Goods during the second quarter worth $135,000. Finally, Creative Planning increased its stake in 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 last quarter. 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.

5 Day Chart for NYSE:DKS

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