A number of research firms have changed their ratings and price targets for Dick’s Sporting Goods (NYSE: DKS):

  • 1/10/2017 – Dick’s Sporting Goods was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $60.00 price target on the stock. According to Zacks, “DICK’S Sporting has significantly outperformed the Zacks Categorized industry primarily due to three straight quarters of earnings beat. Earnings were driven by robust comps, gross margin expansion and tough inventory management. Further, the company is gaining from bankruptcy declared by major rivals like the Sports Authority, which is also expected to benefit its ongoing performance. Based on the robust results and expectations of future market share gains, management raised its fiscal 2016 view. However, a dull fourth quarter guidance hinted at a weaker-than-expected holiday season – toning down investors’ optimism. Also, the company remains prone to macroeconomic hurdles and stiff competition Nonetheless, DICK’S Sporting’s focus on store expansion and undertaking investments in omni-channel business, bode well. Estimates have been stable lately ahead of the company's fourth quarter earnings.”
  • 12/29/2016 – Dick’s Sporting Goods was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “DICK’S Sporting has significantly outperformed the Zacks Categorized industry primarily due to three straight quarters of earnings beat. Earnings were driven by robust comps, gross margin expansion and tough inventory management. Further, the company is gaining from bankruptcy declared by major rivals like the Sports Authority, which is also expected to benefit its ongoing performance. Based on the robust results and expectations of future market share gains, management raised its fiscal 2016 view. However, a dull fourth quarter guidance hinted at a weaker-than-expected holiday season – toning down investors’ optimism. Also, the company remains prone to macroeconomic hurdles and stiff competition Nonetheless, DICK’S Sporting’s focus on store expansion and undertaking investments in omni-channel business, bode well. Also, estimaes have been stable lately ahead of the company's fourth quarter earnings.”
  • 12/28/2016 – Dick’s Sporting Goods was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $59.00 price target on the stock. According to Zacks, “DICK’S Sporting has significantly outperformed the Zacks Categorized industry primarily due to three consecutive quarters of earnings beat. Earnings were driven by robust comps, gross margin expansion and tough inventory management. Further, the company is gaining from bankruptcy declared by major rivals like the Sports Authority, which is also expected to benefit its ongoing performance. Based on the robust results and expectations of market share gains in the future, the company’s management raised its fiscal 2016 view. However, the company’s guidance for the fourth quarter remained bleak, hinting at a weaker-than-expected holiday season – toning down investors’ optimism. Also, the company remains prone to macroeconomic challenges and stiff competition, which remain threats. Nonetheless, DICK’S Sporting’s focus on store expansion and undertaking investments in omni-channel business, bode well.”
  • 12/28/2016 – Dick’s Sporting Goods had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $65.00 price target on the stock.
  • 12/28/2016 – Dick’s Sporting Goods had its “outperform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $67.00 price target on the stock, up previously from $65.00.
  • 12/28/2016 – Dick’s Sporting Goods had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $70.00 price target on the stock.
  • 12/28/2016 – Dick’s Sporting Goods had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a $66.00 price target on the stock, down previously from $68.00.
  • 12/8/2016 – Dick’s Sporting Goods was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $70.00 price target on the stock. According to Zacks, “DICK’S Sporting has comfortably outperformed the Zacks Categorized industry primarily due to three consecutive quarters of earnings beat. Earnings were driven by robust comps, gross margin expansion and tough inventory management. Further, the company is gaining from bankruptcy declared by major rivals like the Sports Authority, which is also expected to benefit its ongoing performance. Based on the robust results and expectations of market share gains in the future, the company’s management raised its fiscal 2016 view. However, the company’s guidance for the fourth quarter remained bleak, hinting at a weaker-than-expected holiday season – toning down investors’ optimism. Also, the company remains prone to macroeconomic challenges and stiff competition, which remain threats. Nonetheless, DICK’S Sporting’s focus on store expansion and undertaking investments in omni-channel business, bode well.”
  • 12/6/2016 – Dick’s Sporting Goods was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “DICK’S Sporting has comfortably outperformed the Zacks Categorized industry primarily due to three consecutive quarters of earnings beat. Earnings were driven by robust comps, gross margin expansion and tough inventory management. Further, the company is gaining from bankruptcy declared by major rivals like the Sports Authority, which is also expected to benefit its ongoing performance. Based on the robust results and expectations of market share gains in the future, the company’s management raised its fiscal 2016 view. However, the company’s guidance for the fourth quarter remained bleak, hinting at a weaker-than-expected holiday season – toning down investors’ optimism. Also, the company remains prone to macroeconomic challenges and stiff competition, which remain threats. Nonetheless, DICK’S Sporting’s focus on store expansion and undertaking investments in omni-channel business, bode well.”
  • 12/5/2016 – Dick’s Sporting Goods had its “buy” rating reaffirmed by analysts at MKM Partners. They now have a $67.00 price target on the stock.
  • 12/4/2016 – Dick’s Sporting Goods had its “buy” rating reaffirmed by analysts at Brean Capital. They now have a $63.00 price target on the stock, down previously from $64.00.
  • 12/2/2016 – Dick’s Sporting Goods had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $65.00 price target on the stock.
  • 11/30/2016 – Dick’s Sporting Goods was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $67.00 price target on the stock. According to Zacks, “DICK’S Sporting has comfortably outperformed the Zacks Categorized industry primarily due to three consecutive quarters of earnings beat. Earnings were driven by robust comps, gross margin expansion and tough inventory management. Further, the company is gaining from bankruptcy declared by major rivals like the Sports Authority, which is also expected to benefit its ongoing performance. Based on the robust results and expectations of market share gains in the future, the company’s management raised its fiscal 2016 view. However, the company’s guidance for the fourth quarter remained bleak, hinting at a weaker-than-expected holiday season – toning down investors’ optimism. Also, the company remains prone to macroeconomic challenges and stiff competition, which remain threats. Nonetheless, DICK’S Sporting’s focus on store expansion and undertaking investments in omni-channel business, bode well.”
  • 11/28/2016 – Dick’s Sporting Goods was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Scoring a hat trick with earnings beat, DICK’S Sporting posted solid third-quarter fiscal 2016 results, driven by robust comps, gross margin expansion and tough inventory management. Further, the company is gaining from bankruptcy declared by major rivals like the Sports Authority, which is also expected to benefit its ongoing performance. Based on the robust results and expectations of market share gains in the future, the company’s management raised its fiscal 2016 view. However, the company’s guidance for the fourth quarter remained bleak, hinting at a weaker-than-expected holiday season – toning down investors’ optimism. Also, the company remains prone to macroeconomic challenges and stiff competition, which remain threats. Nonetheless, DICK’S Sporting’s constant shareholder-friendly moves, as well as focus on store expansion and undertaking investments in omni-channel business, bode well.”
  • 11/21/2016 – Dick’s Sporting Goods had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $68.00 price target on the stock.
  • 11/18/2016 – Dick’s Sporting Goods was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $66.00 price target on the stock. According to Zacks, “Scoring a hat trick with earnings beat, DICK’S Sporting posted solid third-quarter fiscal 2016 results, driven by robust comps, gross margin expansion and tough inventory management. Further, the company is gaining from bankruptcy declared by major rivals like the Sports Authority, which is also expected to benefit its ongoing performance. Based on the robust results and expectations of market share gains in the future, the company’s management raised its fiscal 2016 view. However, the company’s guidance for the fourth quarter remained bleak, hinting at a weaker-than-expected holiday season – toning down investors’ optimism. Also, the company remains prone to macroeconomic challenges and stiff competition, which remain threats. Nonetheless, DICK’S Sporting’s constant shareholder-friendly moves, as well as focus on store expansion and undertaking investments in omni-channel business, bode well.”
  • 11/16/2016 – Dick’s Sporting Goods had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $68.00 price target on the stock.
  • 11/16/2016 – Dick’s Sporting Goods had its price target raised by analysts at Royal Bank Of Canada from $66.00 to $68.00. They now have an “outperform” rating on the stock.
  • 11/16/2016 – Dick’s Sporting Goods had its price target raised by analysts at RBC Capital Markets from $66.00 to $68.00. They now have an “outperform” rating on the stock.
  • 11/16/2016 – Dick’s Sporting Goods was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Scoring a hat trick with earnings beat, DICK’S Sporting posted solid third-quarter fiscal 2016 results, driven by robust comps, gross margin expansion and tough inventory management. Further, the company is gaining from bankruptcy declared by major rivals like the Sports Authority, which is also expected to benefit its ongoing performance. Based on the robust results and expectations of market share gains in the future, the company’s management raised its fiscal 2016 view. However, the company’s guidance for the fourth quarter remained bleak, hinting at a weaker-than-expected holiday season – toning down investors’ optimism. Also, the company remains prone to macroeconomic challenges and stiff competition, which remain threats. Nonetheless, DICK’S Sporting’s constant shareholder-friendly moves, as well as focus on store expansion and undertaking investments in omni-channel business, bode well.”
  • 11/16/2016 – Dick’s Sporting Goods had its “buy” rating reaffirmed by analysts at Brean Capital.

Shares of Dick’s Sporting Goods Inc (NYSE:DKS) traded down 0.95% during trading on Wednesday, reaching $54.10. 1,796,822 shares of the company were exchanged. The stock has a 50-day moving average of $57.23 and a 200 day moving average of $55.72. Dick’s Sporting Goods Inc has a 52-week low of $33.44 and a 52-week high of $62.88. The stock has a market capitalization of $6.09 billion, a P/E ratio of 18.73 and a beta of 0.71.

Dick’s Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, November 15th. The sporting goods retailer reported $0.48 EPS for the quarter, topping the consensus estimate of $0.42 by $0.06. The firm earned $1.87 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Dick’s Sporting Goods had a return on equity of 18.15% and a net margin of 4.25%. Dick’s Sporting Goods’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period last year, the business earned $0.45 earnings per share. On average, equities analysts anticipate that Dick’s Sporting Goods Inc will post $3.10 earnings per share for the current fiscal year.

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The company also recently announced a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Friday, December 9th were given a $0.1513 dividend. The ex-dividend date was Wednesday, December 7th. This represents a $0.61 annualized dividend and a yield of 1.12%. Dick’s Sporting Goods’s dividend payout ratio (DPR) is currently 21.11%.

In other Dick’s Sporting Goods news, CFO Lee J. Belitsky sold 15,000 shares of Dick’s Sporting Goods stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $58.50, for a total transaction of $877,500.00. Following the completion of the transaction, the chief financial officer now directly owns 131,623 shares of the company’s stock, valued at $7,699,945.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Lauren R. Hobart sold 24,015 shares of Dick’s Sporting Goods stock in a transaction on Friday, November 18th. The shares were sold at an average price of $58.45, for a total value of $1,403,676.75. Following the transaction, the executive vice president now directly owns 57,930 shares of the company’s stock, valued at $3,386,008.50. The disclosure for this sale can be found here. 22.96% of the stock is owned by corporate insiders.

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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