Guggenheim initiated coverage on shares of Dick’s Sporting Goods Inc. (NYSE:DKS) in a research note issued on Tuesday. The brokerage set a “neutral” rating on the sporting goods retailer’s stock.

A number of other research firms have also weighed in on DKS. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a $53.00 price objective on shares of Dick’s Sporting Goods in a research note on Monday, July 18th. Cleveland Research upgraded shares of Dick’s Sporting Goods from a “neutral” rating to a “buy” rating and set a $59.00 price objective for the company in a research note on Friday, August 5th. Royal Bank Of Canada upgraded shares of Dick’s Sporting Goods from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $41.00 to $56.00 in a research note on Thursday, July 14th. Citigroup Inc. upgraded shares of Dick’s Sporting Goods to an “outperform” rating and set a $75.00 price objective for the company in a research note on Thursday, September 15th. Finally, Vetr lowered shares of Dick’s Sporting Goods from a “buy” rating to a “hold” rating and set a $50.00 price objective for the company. in a research note on Monday, July 11th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-two have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $59.09.

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

Shares of Dick’s Sporting Goods (NYSE:DKS) traded down 0.05% on Tuesday, hitting $60.80. The stock had a trading volume of 975,688 shares. The company has a market capitalization of $6.87 billion, a PE ratio of 21.30 and a beta of 0.83. Dick’s Sporting Goods has a 1-year low of $33.42 and a 1-year high of $61.61. The firm has a 50-day moving average of $57.16 and a 200 day moving average of $48.20.

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Dick’s Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Tuesday, August 16th. The sporting goods retailer reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.13. Dick’s Sporting Goods had a net margin of 4.32% and a return on equity of 18.43%. The company earned $2 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the business posted $0.77 EPS. Dick’s Sporting Goods’s quarterly revenue was up 8.0% compared to the same quarter last year. On average, equities analysts anticipate that Dick’s Sporting Goods will post $3.06 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 9th will be paid a $0.1513 dividend. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $0.61 annualized dividend and a dividend yield of 1.00%. Dick’s Sporting Goods’s dividend payout ratio is presently 21.33%.

In other news, EVP Michele Willoughby sold 36,737 shares of the company’s stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $58.78, for a total value of $2,159,400.86. Following the transaction, the executive vice president now owns 98,923 shares in the company, valued at $5,814,693.94. The sale was disclosed in a legal filing with the SEC, which is available at this link. 22.96% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Acrospire Investment Management LLC purchased a new position in shares of Dick’s Sporting Goods during the first quarter valued at about $103,000. BlueMountain Capital Management LLC increased its position in shares of Dick’s Sporting Goods by 63.6% in the second quarter. BlueMountain Capital Management LLC now owns 2,748 shares of the sporting goods retailer’s stock valued at $124,000 after buying an additional 1,068 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in shares of Dick’s Sporting Goods during the second quarter valued at about $135,000. Creative Planning increased its position in shares of Dick’s Sporting Goods by 84.3% in the second quarter. Creative Planning now owns 3,072 shares of the sporting goods retailer’s stock valued at $138,000 after buying an additional 1,405 shares in the last quarter. Finally, IFP Advisors Inc increased its position in shares of Dick’s Sporting Goods by 1,257.6% in the second quarter. IFP Advisors Inc now owns 3,204 shares of the sporting goods retailer’s stock valued at $144,000 after buying an additional 2,968 shares in the last quarter. Hedge funds and other institutional investors own 72.16% of the company’s stock.

Dick’s 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 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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