Buckingham Research initiated coverage on shares of Dick’s Sporting Goods Inc (NYSE:DKS) in a research report report published on Monday, Marketbeat.com reports. The brokerage issued a buy rating and a $45.00 target price on the sporting goods retailer’s stock.

Several other equities research analysts have also weighed in on DKS. UBS AG lowered shares of Dick’s Sporting Goods from a buy rating to a neutral rating in a report on Tuesday, May 16th. Oppenheimer Holdings, Inc. reaffirmed a hold rating on shares of Dick’s Sporting Goods in a report on Saturday, May 13th. B. Riley reaffirmed a buy rating and issued a $58.00 target price on shares of Dick’s Sporting Goods in a report on Wednesday, May 17th. Canaccord Genuity set a $54.00 target price on shares of Dick’s Sporting Goods and gave the stock a buy rating in a report on Saturday, July 1st. Finally, BMO Capital Markets set a $62.00 target price on shares of Dick’s Sporting Goods and gave the stock a buy rating in a report on Thursday, July 6th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty-two have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $56.95.

Dick’s Sporting Goods (NYSE DKS) traded down 0.35% on Monday, reaching $37.10. 111,668 shares of the company’s stock were exchanged. The firm has a market capitalization of $4.17 billion, a price-to-earnings ratio of 14.37 and a beta of 0.48. Dick’s Sporting Goods has a 12 month low of $35.87 and a 12 month high of $62.88. The firm has a 50-day moving average of $39.19 and a 200-day moving average of $46.94.

Dick’s Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Tuesday, May 16th. The sporting goods retailer reported $0.54 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.54. Dick’s Sporting Goods had a net margin of 3.57% and a return on equity of 18.61%. The company had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter in the prior year, the company posted $0.50 EPS. The business’s revenue was up 9.9% on a year-over-year basis. On average, equities analysts expect that Dick’s Sporting Goods will post $3.68 earnings per share for the current year.

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The firm also recently declared a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, June 9th were paid a dividend of $0.17 per share. The ex-dividend date was Wednesday, June 7th. This represents a $0.68 annualized dividend and a dividend yield of 1.83%. Dick’s Sporting Goods’s dividend payout ratio is currently 26.25%.

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Dick’s Sporting Goods by 2,879.3% in the first quarter. BlackRock Inc. now owns 8,515,919 shares of the sporting goods retailer’s stock valued at $414,382,000 after buying an additional 8,230,087 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Dick’s Sporting Goods by 4.4% in the first quarter. Vanguard Group Inc. now owns 6,666,349 shares of the sporting goods retailer’s stock valued at $324,384,000 after buying an additional 280,056 shares in the last quarter. State Street Corp boosted its position in shares of Dick’s Sporting Goods by 2.2% in the first quarter. State Street Corp now owns 3,244,995 shares of the sporting goods retailer’s stock valued at $157,904,000 after buying an additional 69,237 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Dick’s Sporting Goods by 424.3% in the first quarter. Renaissance Technologies LLC now owns 2,054,600 shares of the sporting goods retailer’s stock valued at $99,977,000 after buying an additional 1,662,700 shares in the last quarter. Finally, OZ Management LP acquired a new position in shares of Dick’s Sporting Goods during the first quarter valued at $86,412,000. 78.90% of the stock is owned by institutional investors.

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 primarily in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, and Dick’s Team Sports HQ, an all-in-one youth sports digital platform offering free league management services, mobile applications for scheduling, communications and live scorekeeping, custom uniforms and FanWear and access to donations and sponsorships.

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

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