Buckingham Research downgraded shares of Dick’s Sporting Goods Inc (NYSE:DKS) from a buy rating to a neutral rating in a research report released on Wednesday morning, Marketbeat.com reports. Buckingham Research currently has $45.00 price objective on the sporting goods retailer’s stock.

DKS has been the topic of a number of other reports. Zacks Investment Research cut shares of Dick’s Sporting Goods from a hold rating to a sell rating in a research note on Wednesday, July 12th. Stifel Nicolaus set a $54.00 price target on shares of Dick’s Sporting Goods and gave the stock a buy rating in a research note on Wednesday, May 17th. Credit Suisse Group set a $44.00 price target on shares of Dick’s Sporting Goods and gave the stock a hold rating in a research note on Monday, August 7th. BidaskClub cut shares of Dick’s Sporting Goods from a sell rating to a strong sell rating in a research note on Tuesday, July 25th. Finally, Oppenheimer Holdings, Inc. reaffirmed a hold rating on shares of Dick’s Sporting Goods in a research note on Tuesday, August 15th. Four investment analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and seven have assigned a buy rating to the stock. Dick’s Sporting Goods has an average rating of Hold and an average target price of $43.74.

Dick’s Sporting Goods (NYSE DKS) opened at 26.99 on Wednesday. Dick’s Sporting Goods has a 12-month low of $26.32 and a 12-month high of $62.88. The stock has a market capitalization of $2.92 billion, a P/E ratio of 9.68 and a beta of 0.47. The firm’s 50-day moving average is $36.05 and its 200 day moving average is $44.26.

Dick’s Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Tuesday, August 15th. The sporting goods retailer reported $0.96 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.00 by $0.04. Dick’s Sporting Goods had a return on equity of 19.09% and a net margin of 3.74%. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same period last year, the company earned $0.82 earnings per share. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. Equities analysts expect that Dick’s Sporting Goods will post $2.98 EPS for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date is Thursday, September 7th. Dick’s Sporting Goods’s dividend payout ratio (DPR) is presently 24.29%.

Hedge funds have recently bought and sold shares of the company. Creative Planning increased its stake in shares of Dick’s Sporting Goods by 72.2% in the second quarter. Creative Planning now owns 2,667 shares of the sporting goods retailer’s stock valued at $106,000 after buying an additional 1,118 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Dick’s Sporting Goods by 30.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,823 shares of the sporting goods retailer’s stock valued at $113,000 after buying an additional 653 shares during the period. Point72 Asia Hong Kong Ltd purchased a new stake in shares of Dick’s Sporting Goods during the first quarter valued at about $114,000. James Investment Research Inc. increased its stake in shares of Dick’s Sporting Goods by 7.3% in the first quarter. James Investment Research Inc. now owns 2,933 shares of the sporting goods retailer’s stock valued at $143,000 after buying an additional 200 shares during the period. Finally, Nordea Investment Management AB increased its stake in shares of Dick’s Sporting Goods by 0.5% in the second quarter. Nordea Investment Management AB now owns 5,106 shares of the sporting goods retailer’s stock valued at $203,000 after buying an additional 26 shares during the period. 76.35% of the stock is owned by hedge funds and other 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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