Dick’s Sporting Goods Inc. (NYSE:DKS)‘s stock had its “buy” rating reiterated by equities research analysts at Brean Capital in a note issued to investors on Thursday.

A number of other analysts also recently commented on the company. Guggenheim began coverage on Dick’s Sporting Goods in a research report on Tuesday. They set a “neutral” rating on the stock. Oppenheimer Holdings Inc. upgraded Dick’s Sporting Goods from a “market perform” rating to an “outperform” rating and set a $75.00 target price on the stock in a research report on Thursday, September 15th. Citigroup Inc. upgraded Dick’s Sporting Goods to an “outperform” rating and set a $75.00 target price on the stock in a research report on Thursday, September 15th. Vetr downgraded Dick’s Sporting Goods from a “buy” rating to a “hold” rating and set a $61.50 target price on the stock. in a research report on Tuesday, September 6th. Finally, Argus boosted their target price on Dick’s Sporting Goods from $52.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, August 30th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $59.09.

Shares of Dick’s Sporting Goods (NYSE:DKS) traded down 0.26% during trading on Thursday, reaching $61.36. The company had a trading volume of 226,351 shares. Dick’s Sporting Goods has a 52 week low of $33.42 and a 52 week high of $61.94. The firm has a 50-day moving average of $57.76 and a 200 day moving average of $48.42. The firm has a market capitalization of $6.93 billion, a price-to-earnings ratio of 21.49 and a beta of 0.83.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/22/brean-capital-reaffirms-buy-rating-for-dicks-sporting-goods-inc-dks.html

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

The business 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 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Wednesday, September 7th. Dick’s Sporting Goods’s dividend payout ratio (DPR) is 21.33%.

In related news, EVP Michele Willoughby sold 36,737 shares of the firm’s stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $58.78, for a total value of $2,159,400.86. Following the sale, 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 document filed with the SEC, which is available at the SEC website. 22.96% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP acquired a new stake in Dick’s Sporting Goods during the first quarter valued at approximately $103,767,000. AMP Capital Investors Ltd boosted its stake in Dick’s Sporting Goods by 167.9% in the first quarter. AMP Capital Investors Ltd now owns 62,306 shares of the sporting goods retailer’s stock valued at $2,929,000 after buying an additional 39,048 shares in the last quarter. Creative Planning boosted its stake in 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. W.G. Shaheen & Associates DBA Whitney & Co boosted its stake in Dick’s Sporting Goods by 3.8% in the second quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 100,704 shares of the sporting goods retailer’s stock valued at $4,538,000 after buying an additional 3,679 shares in the last quarter. Finally, Pictet Asset Management Ltd. boosted its stake in Dick’s Sporting Goods by 7.0% in the first quarter. Pictet Asset Management Ltd. now owns 35,000 shares of the sporting goods retailer’s stock valued at $1,486,000 after buying an additional 2,300 shares in the last quarter. Hedge funds and other institutional investors own 72.16% of the company’s stock.

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

Receive News & Ratings for Dick's Sporting Goods Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dick's Sporting Goods Inc. and related companies with MarketBeat.com's FREE daily email newsletter.