Dicks Sporting Goods Inc (NYSE:DKS)‘s stock had its “buy” rating reaffirmed by B. Riley in a research note issued on Monday. They presently have a $58.00 target price on the sporting goods retailer’s stock. B. Riley’s target price would indicate a potential upside of 41.53% from the company’s current price.

A number of other research analysts have also weighed in on the company. Argus reissued a “buy” rating and set a $55.00 target price (down from $66.00) on shares of Dicks Sporting Goods in a report on Friday. Barclays PLC reissued an “equal weight” rating and set a $46.00 target price (down from $50.00) on shares of Dicks Sporting Goods in a report on Wednesday, May 17th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $46.00 price objective (down from $55.00) on shares of Dicks Sporting Goods in a report on Wednesday, May 17th. Robert W. Baird reaffirmed a “neutral” rating and issued a $45.00 price objective (down from $52.00) on shares of Dicks Sporting Goods in a report on Wednesday, May 17th. Finally, Citigroup Inc reaffirmed a “buy” rating and issued a $55.00 price objective (down from $65.00) on shares of Dicks Sporting Goods in a report on Wednesday, May 17th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twenty-two have assigned a buy rating to the company. Dicks Sporting Goods has an average rating of “Buy” and a consensus target price of $57.91.

Analyst Recommendations for Dicks Sporting Goods (NYSE:DKS)

Dicks Sporting Goods (NYSE:DKS) traded up 0.44% during midday trading on Monday, hitting $40.98. The stock had a trading volume of 3,071,170 shares. Dicks Sporting Goods has a 1-year low of $39.54 and a 1-year high of $62.88. The firm has a market capitalization of $4.53 billion, a price-to-earnings ratio of 15.87 and a beta of 0.65. The firm has a 50-day moving average price of $48.99 and a 200-day moving average price of $52.34.

Dicks Sporting Goods (NYSE:DKS) last posted its earnings results on Tuesday, May 16th. The sporting goods retailer reported $0.54 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.54. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.83 billion. Dicks Sporting Goods had a return on equity of 18.15% and a net margin of 4.25%. The firm’s revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.50 EPS. On average, equities research analysts anticipate that Dicks Sporting Goods will post $3.69 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 9th will be issued a $0.17 dividend. The ex-dividend date is Wednesday, June 7th. This represents a $0.68 dividend on an annualized basis and a yield of 1.66%. Dicks Sporting Goods’s payout ratio is presently 21.11%.

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In other Dicks Sporting Goods news, Chairman Edward W. Stack sold 333,344 shares of the company’s stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $47.47, for a total value of $15,823,839.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Emanuel Chirico sold 20,000 shares of the company’s stock in a transaction dated Friday, March 10th. The stock was sold at an average price of $48.73, for a total value of $974,600.00. Following the completion of the transaction, the director now directly owns 119,171 shares of the company’s stock, valued at approximately $5,807,202.83. The disclosure for this sale can be found here. 22.96% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Dicks Sporting Goods by 2,879.3% in the first quarter. BlackRock Inc. now owns 8,515,919 shares of the sporting goods retailer’s stock worth $414,382,000 after buying an additional 8,230,087 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Dicks Sporting Goods by 4.4% in the first quarter. Vanguard Group Inc. now owns 6,666,349 shares of the sporting goods retailer’s stock worth $324,384,000 after buying an additional 280,056 shares during the last quarter. State Street Corp boosted its position in shares of Dicks Sporting Goods by 2.2% in the first quarter. State Street Corp now owns 3,244,995 shares of the sporting goods retailer’s stock worth $157,904,000 after buying an additional 69,237 shares during the last quarter. BlackRock Fund Advisors boosted its position in shares of Dicks Sporting Goods by 3.0% in the third quarter. BlackRock Fund Advisors now owns 3,205,714 shares of the sporting goods retailer’s stock worth $181,828,000 after buying an additional 91,897 shares during the last quarter. Finally, Epoch Investment Partners Inc. purchased a new position in shares of Dicks Sporting Goods during the fourth quarter worth about $93,043,000. 71.76% of the stock is owned by institutional investors and hedge funds.

About Dicks 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 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.

12 Month Chart for NYSE:DKS

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