Shares of Dick’s Sporting Goods Inc (NYSE:DKS) have been given a consensus recommendation of “Hold” by the thirty-five brokerages that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, twenty-five have given a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $37.57.

A number of analysts have recently weighed in on the company. BMO Capital Markets reissued an “outperform” rating on shares of Dick’s Sporting Goods in a research report on Thursday. ValuEngine cut Dick’s Sporting Goods from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Cowen and Company cut Dick’s Sporting Goods from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $31.00 to $28.00 in a research report on Thursday, August 24th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Dick’s Sporting Goods in a research report on Thursday, August 24th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $30.00 price target (down previously from $55.00) on shares of Dick’s Sporting Goods in a research report on Wednesday, August 16th.

Shares of Dick’s Sporting Goods (DKS) traded up 1.54% on Friday, hitting $27.74. The stock had a trading volume of 3,329,508 shares. The company’s 50 day moving average price is $30.19 and its 200-day moving average price is $41.01. The company has a market cap of $3.03 billion, a P/E ratio of 9.95 and a beta of 0.52. Dick’s Sporting Goods has a 12 month low of $25.94 and a 12 month high of $62.88.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend is Thursday, September 7th. Dick’s Sporting Goods’s dividend payout ratio is currently 24.29%.

In related news, Director William J. Colombo acquired 20,000 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The shares were acquired at an average price of $26.25 per share, with a total value of $525,000.00. Following the completion of the transaction, the director now owns 323,224 shares of the company’s stock, valued at $8,484,630. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 23.09% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its position in shares of Dick’s Sporting Goods by 2,879.3% during the first quarter. BlackRock Inc. now owns 8,515,919 shares of the sporting goods retailer’s stock worth $414,382,000 after acquiring an additional 8,230,087 shares during the period. Vanguard Group Inc. increased its position in shares of Dick’s Sporting Goods by 2.0% during the second quarter. Vanguard Group Inc. now owns 6,802,340 shares of the sporting goods retailer’s stock worth $270,937,000 after acquiring an additional 135,991 shares during the period. TIAA CREF Investment Management LLC increased its position in shares of Dick’s Sporting Goods by 263.8% during the second quarter. TIAA CREF Investment Management LLC now owns 5,634,221 shares of the sporting goods retailer’s stock worth $224,411,000 after acquiring an additional 4,085,414 shares during the period. Northern Trust Corp increased its position in shares of Dick’s Sporting Goods by 54.6% during the second quarter. Northern Trust Corp now owns 3,791,180 shares of the sporting goods retailer’s stock worth $151,003,000 after acquiring an additional 1,339,379 shares during the period. Finally, State Street Corp increased its position in shares of Dick’s Sporting Goods by 2.2% during the first quarter. State Street Corp now owns 3,244,995 shares of the sporting goods retailer’s stock worth $157,904,000 after acquiring an additional 69,237 shares during the period. 77.74% of the stock is currently owned by institutional investors and hedge funds.

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Dick’s Sporting Goods Company Profile

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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