Dick’s Sporting Goods Inc (NYSE:DKS)‘s stock had its “outperform” rating reaffirmed by equities researchers at BMO Capital Markets in a report released on Thursday.

Other analysts also recently issued reports about the company. Citigroup Inc. restated a “buy” rating and issued a $55.00 price objective (down from $65.00) on shares of Dick’s Sporting Goods in a report on Wednesday, May 17th. Bank of America Corporation restated a “buy” rating and issued a $55.00 price objective (down from $65.00) on shares of Dick’s Sporting Goods in a report on Wednesday, May 17th. Stifel Nicolaus set a $54.00 price objective on Dick’s Sporting Goods and gave the company a “buy” rating in a report on Wednesday, May 17th. B. Riley restated a “buy” rating and issued a $58.00 price objective on shares of Dick’s Sporting Goods in a report on Wednesday, May 17th. Finally, Cowen and Company set a $55.00 price objective on Dick’s Sporting Goods and gave the company a “buy” rating in a report on Wednesday, May 17th. Four analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $40.93.

Shares of Dick’s Sporting Goods (NYSE:DKS) traded down 3.00% on Thursday, hitting $27.33. 1,895,221 shares of the company traded hands. Dick’s Sporting Goods has a 1-year low of $25.94 and a 1-year high of $62.88. The firm’s 50-day moving average is $30.92 and its 200 day moving average is $41.36. The firm has a market capitalization of $2.99 billion, a P/E ratio of 9.80 and a beta of 0.52.

Dick’s Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Tuesday, August 15th. The sporting goods retailer reported $0.96 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.04). The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.16 billion. Dick’s Sporting Goods had a net margin of 3.74% and a return on equity of 19.09%. The business’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.82 earnings per share. On average, analysts anticipate that Dick’s Sporting Goods will post $2.90 earnings per share for the current fiscal year.

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In other news, Director William J. Colombo bought 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were purchased at an average price of $26.25 per share, for a total transaction of $525,000.00. Following the completion of the transaction, the director now directly owns 323,224 shares in the company, valued at $8,484,630. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 23.09% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in Dick’s Sporting Goods by 2,879.3% in the 1st quarter. BlackRock Inc. now owns 8,515,919 shares of the sporting goods retailer’s stock worth $414,382,000 after purchasing an additional 8,230,087 shares in the last quarter. Vanguard Group Inc. boosted its position in Dick’s Sporting Goods by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 6,802,340 shares of the sporting goods retailer’s stock worth $270,937,000 after purchasing an additional 135,991 shares in the last quarter. TIAA CREF Investment Management LLC boosted its position in Dick’s Sporting Goods by 263.8% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 5,634,221 shares of the sporting goods retailer’s stock worth $224,411,000 after purchasing an additional 4,085,414 shares in the last quarter. Northern Trust Corp boosted its position in Dick’s Sporting Goods by 54.6% in the 2nd quarter. Northern Trust Corp now owns 3,791,180 shares of the sporting goods retailer’s stock worth $151,003,000 after purchasing an additional 1,339,379 shares in the last quarter. Finally, State Street Corp boosted its position in Dick’s Sporting Goods by 2.2% in the 1st quarter. State Street Corp now owns 3,244,995 shares of the sporting goods retailer’s stock worth $157,904,000 after purchasing an additional 69,237 shares in the last quarter. Institutional investors and hedge funds own 77.74% 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 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.

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

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