Shares of Dick’s Sporting Goods Inc. (NYSE:DKS) have been assigned an average rating of “Buy” from the thirty-five analysts that are currently covering the company. One investment analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation and twenty-two have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $62.40.

A number of equities analysts have commented on DKS shares. Cowen and Company upgraded shares of Dick’s Sporting Goods from a “market perform” rating to an “outperform” rating and set a $64.00 price target on the stock in a research report on Monday, October 24th. Cleveland Research upgraded shares of Dick’s Sporting Goods from a “neutral” rating to a “buy” rating and set a $59.00 price target on the stock in a research report on Friday, August 5th. Citigroup Inc. upgraded shares of Dick’s Sporting Goods to an “outperform” rating and set a $75.00 price target on the stock in a research report on Thursday, September 15th. Vetr lowered shares of Dick’s Sporting Goods from a “buy” rating to a “hold” rating and set a $61.50 price target on the stock. in a research report on Tuesday, September 6th. Finally, Off Wall Street started coverage on shares of Dick’s Sporting Goods in a research report on Thursday, September 29th. They issued a “sell” rating on the stock.

In other news, EVP Michele Willoughby sold 36,737 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now owns 98,923 shares in the company, valued at approximately $5,814,693.94. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 22.96% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its stake in Dick’s Sporting Goods by 2,269.5% in the third quarter. Price T Rowe Associates Inc. MD now owns 4,808,507 shares of the sporting goods retailer’s stock worth $272,739,000 after buying an additional 4,605,573 shares in the last quarter. Quantitative Systematic Strategies LLC acquired a new position in Dick’s Sporting Goods during the third quarter worth approximately $1,545,000. Cornerstone Capital Management Holdings LLC. raised its position in Dick’s Sporting Goods by 94.4% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 368,295 shares of the sporting goods retailer’s stock worth $20,887,000 after buying an additional 178,829 shares in the last quarter. Ameritas Investment Partners Inc. raised its position in Dick’s Sporting Goods by 88.1% in the third quarter. Ameritas Investment Partners Inc. now owns 26,523 shares of the sporting goods retailer’s stock worth $1,504,000 after buying an additional 12,424 shares in the last quarter. Finally, Phocas Financial Corp. raised its position in Dick’s Sporting Goods by 4.6% in the third quarter. Phocas Financial Corp. now owns 106,661 shares of the sporting goods retailer’s stock worth $6,050,000 after buying an additional 4,646 shares in the last quarter. Institutional investors own 72.80% of the company’s stock.

Dick’s Sporting Goods (NYSE:DKS) opened at 58.78 on Tuesday. The firm has a 50-day moving average of $56.94 and a 200 day moving average of $51.60. The firm has a market cap of $6.64 billion, a price-to-earnings ratio of 20.59 and a beta of 0.71. Dick’s Sporting Goods has a 52-week low of $33.44 and a 52-week high of $62.88.

Dick’s Sporting Goods (NYSE:DKS) last posted its earnings results on Tuesday, November 15th. The sporting goods retailer reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.06. The business had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Dick’s Sporting Goods had a net margin of 4.32% and a return on equity of 18.43%. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.45 earnings per share. On average, equities research analysts forecast that Dick’s Sporting Goods will post $3.11 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Friday, December 9th will be paid a dividend of $0.1513 per share. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Wednesday, December 7th. Dick’s Sporting Goods’s dividend payout ratio is presently 21.33%.

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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