Dick’s Sporting Goods Inc (NYSE:DKS) has been given a consensus rating of “Hold” by the thirty-six research firms that are currently covering the company, MarketBeat reports. Four analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and six have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $38.50.

Several equities analysts have recently commented on the company. UBS AG lowered Dick’s Sporting Goods from a “buy” rating to a “neutral” rating in a report on Tuesday, May 16th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Dick’s Sporting Goods in a report on Saturday, May 13th. B. Riley reissued a “buy” rating and issued a $58.00 price objective on shares of Dick’s Sporting Goods in a report on Wednesday, May 17th. Canaccord Genuity set a $54.00 price objective on Dick’s Sporting Goods and gave the stock a “buy” rating in a report on Saturday, July 1st. Finally, Goldman Sachs Group, Inc. (The) lowered Dick’s Sporting Goods from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $49.00 to $30.00 in a report on Wednesday, August 16th.

Dick’s Sporting Goods (NYSE DKS) traded up 0.07% during midday trading on Wednesday, hitting $26.96. The company had a trading volume of 1,820,479 shares. The firm has a 50-day moving average price of $34.27 and a 200-day moving average price of $43.36. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 9.67 and a beta of 0.47. Dick’s Sporting Goods has a 12 month low of $25.94 and a 12 month high of $62.88.

Dick’s Sporting Goods (NYSE:DKS) last posted its earnings results on Tuesday, August 15th. The sporting goods retailer reported $0.96 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by $0.04. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.16 billion. Dick’s Sporting Goods had a net margin of 3.74% and a return on equity of 19.09%. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the company posted $0.82 earnings per share. Equities analysts anticipate that Dick’s Sporting Goods will post $2.90 EPS for the current year.

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

In other news, Director William J. Colombo bought 20,000 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were bought at an average cost of $26.25 per share, with a total value of $525,000.00. Following the purchase, the director now directly owns 323,224 shares in the company, valued at $8,484,630. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 23.09% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of DKS. BlackRock Inc. increased its position in 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 worth $414,382,000 after buying an additional 8,230,087 shares during the period. Vanguard Group Inc. increased its position in Dick’s Sporting Goods by 2.0% in the second quarter. Vanguard Group Inc. now owns 6,802,340 shares of the sporting goods retailer’s stock worth $270,937,000 after buying an additional 135,991 shares during the period. TIAA CREF Investment Management LLC increased its position in Dick’s Sporting Goods by 263.8% in the second quarter. TIAA CREF Investment Management LLC now owns 5,634,221 shares of the sporting goods retailer’s stock worth $224,411,000 after buying an additional 4,085,414 shares during the period. Northern Trust Corp increased its position in Dick’s Sporting Goods by 54.6% in the second quarter. Northern Trust Corp now owns 3,791,180 shares of the sporting goods retailer’s stock worth $151,003,000 after buying an additional 1,339,379 shares during the period. Finally, State Street Corp increased its position in 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 worth $157,904,000 after buying an additional 69,237 shares during the period. 75.54% of the stock is currently owned by institutional investors and hedge funds.

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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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