Stock analysts at Guggenheim started coverage on shares of Dick’s Sporting Goods Inc. (NYSE:DKS) in a note issued to investors on Tuesday. The firm set a “neutral” rating on the sporting goods retailer’s stock.

Several other equities analysts have also recently issued reports on the company. Oppenheimer Holdings Inc. raised Dick’s Sporting Goods from a “market perform” rating to an “outperform” rating and set a $75.00 price objective on the stock in a research report on Thursday, September 15th. Citigroup Inc. raised Dick’s Sporting Goods to an “outperform” rating and set a $75.00 price objective on the stock in a research report on Thursday, September 15th. Vetr cut Dick’s Sporting Goods from a “buy” rating to a “hold” rating and set a $61.50 price objective on the stock. in a research report on Tuesday, September 6th. Argus upped their price objective on Dick’s Sporting Goods from $52.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, August 30th. Finally, B. Riley reaffirmed a “buy” rating and issued a $66.00 price objective on shares of Dick’s Sporting Goods in a research report on Monday, August 22nd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-two have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $59.09.

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

Dick’s Sporting Goods (NYSE:DKS) traded down 0.05% during midday trading on Tuesday, reaching $60.80. The company had a trading volume of 975,688 shares. The company has a market capitalization of $6.87 billion, a price-to-earnings ratio of 21.30 and a beta of 0.83. The firm has a 50-day moving average price of $57.16 and a 200-day moving average price of $48.20. Dick’s Sporting Goods has a 52 week low of $33.42 and a 52 week high of $61.61.

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Dick’s Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Tuesday, August 16th. The sporting goods retailer reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.13. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Dick’s Sporting Goods had a return on equity of 18.43% and a net margin of 4.32%. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.77 EPS. Analysts expect that Dick’s Sporting Goods will post $3.06 EPS for the current fiscal year.

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

In related news, EVP Michele Willoughby sold 36,737 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 98,923 shares of the company’s stock, valued at approximately $5,814,693.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 22.96% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new position in shares of Dick’s Sporting Goods during the fourth quarter worth approximately $35,091,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Dick’s Sporting Goods by 6.4% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 28,454 shares of the sporting goods retailer’s stock worth $1,330,000 after buying an additional 1,718 shares during the last quarter. Hills Bank & Trust Co. increased its position in shares of Dick’s Sporting Goods by 28.9% in the first quarter. Hills Bank & Trust Co. now owns 20,094 shares of the sporting goods retailer’s stock worth $939,000 after buying an additional 4,510 shares during the last quarter. Glenmede Trust Co. NA increased its position in shares of Dick’s Sporting Goods by 20.6% in the first quarter. Glenmede Trust Co. NA now owns 413,544 shares of the sporting goods retailer’s stock worth $19,331,000 after buying an additional 70,686 shares during the last quarter. Finally, Commonwealth Equity Services Inc increased its position in shares of Dick’s Sporting Goods by 12.6% in the first quarter. Commonwealth Equity Services Inc now owns 8,297 shares of the sporting goods retailer’s stock worth $388,000 after buying an additional 930 shares during the last quarter. 72.16% 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 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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