Canaccord Genuity set a $34.00 price target on Dicks Sporting Goods (NYSE:DKS) in a research report report published on Sunday morning. The brokerage currently has a hold rating on the sporting goods retailer’s stock.

DKS has been the topic of several other reports. Oppenheimer reaffirmed a hold rating on shares of Dicks Sporting Goods in a research report on Tuesday, November 14th. Susquehanna Bancshares lowered their price objective on Dicks Sporting Goods from $30.00 to $27.00 and set a neutral rating on the stock in a report on Friday, November 10th. Forward View raised Dicks Sporting Goods from a sell rating to a buy rating and set a $30.00 price objective on the stock in a report on Thursday, November 16th. BMO Capital Markets reissued an outperform rating on shares of Dicks Sporting Goods in a report on Thursday, September 14th. Finally, Citigroup lowered their price objective on Dicks Sporting Goods from $30.00 to $28.00 and set a neutral rating on the stock in a report on Thursday, November 16th. Two investment analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $32.28.

Shares of Dicks Sporting Goods (DKS) traded up $0.84 during mid-day trading on Friday, reaching $30.80. The company’s stock had a trading volume of 2,475,943 shares, compared to its average volume of 3,968,050. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.25 and a current ratio of 1.61. Dicks Sporting Goods has a 12 month low of $23.88 and a 12 month high of $54.82. The firm has a market cap of $3,310.00, a price-to-earnings ratio of 11.37, a P/E/G ratio of 1.69 and a beta of 0.56.

Dicks Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.04. Dicks Sporting Goods had a return on equity of 17.95% and a net margin of 3.54%. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same period in the prior year, the firm posted $0.48 EPS. The business’s revenue was up 7.4% compared to the same quarter last year. sell-side analysts forecast that Dicks Sporting Goods will post 2.97 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 8th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend was Thursday, December 7th. Dicks Sporting Goods’s dividend payout ratio (DPR) is currently 25.09%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio lifted its position in shares of Dicks Sporting Goods by 95.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 117,636 shares of the sporting goods retailer’s stock worth $3,177,000 after acquiring an additional 57,325 shares during the period. GSA Capital Partners LLP lifted its position in shares of Dicks Sporting Goods by 87.1% in the 3rd quarter. GSA Capital Partners LLP now owns 24,417 shares of the sporting goods retailer’s stock worth $660,000 after acquiring an additional 11,369 shares during the period. California Public Employees Retirement System lifted its position in shares of Dicks Sporting Goods by 8.1% in the 3rd quarter. California Public Employees Retirement System now owns 226,195 shares of the sporting goods retailer’s stock worth $6,110,000 after acquiring an additional 16,895 shares during the period. Valeo Financial Advisors LLC bought a new stake in shares of Dicks Sporting Goods in the 3rd quarter worth approximately $132,000. Finally, Cornerstone Capital Management Holdings LLC. lifted its position in shares of Dicks Sporting Goods by 76.7% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 97,102 shares of the sporting goods retailer’s stock worth $2,622,000 after acquiring an additional 42,151 shares during the period. 72.81% of the stock is currently owned by hedge funds and other institutional investors.

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Dicks Sporting Goods Company Profile

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 Dicks Sporting Goods (NYSE:DKS)

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