Dick’s Sporting Goods Inc (NYSE:DKS) has received an average recommendation of “Hold” from the thirty-four brokerages that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $36.22.

Several analysts recently commented on DKS shares. Stifel Nicolaus set a $54.00 price objective on shares of Dick’s Sporting Goods and gave the company a “buy” rating in a research note on Thursday, June 15th. BidaskClub upgraded shares of Dick’s Sporting Goods from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. Credit Suisse Group reiterated a “hold” rating and issued a $55.00 price objective on shares of Dick’s Sporting Goods in a research note on Thursday, June 29th. Canaccord Genuity set a $54.00 price objective on shares of Dick’s Sporting Goods and gave the company a “buy” rating in a research note on Saturday, July 1st. Finally, BMO Capital Markets set a $62.00 price objective on shares of Dick’s Sporting Goods and gave the company a “buy” rating in a research note on Thursday, July 6th.

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In other Dick’s Sporting Goods news, Director William J. Colombo purchased 20,000 shares of Dick’s Sporting Goods stock in a transaction on Tuesday, August 22nd. The shares were purchased at an average cost of $26.25 per share, with a total value of $525,000.00. Following the completion of the transaction, the director now directly owns 323,224 shares in the company, valued at approximately $8,484,630. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 23.09% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Point72 Asia Hong Kong Ltd acquired a new position in Dick’s Sporting Goods during the first quarter valued at approximately $114,000. Creative Planning lifted its position in Dick’s Sporting Goods by 72.2% during the second quarter. Creative Planning now owns 2,667 shares of the sporting goods retailer’s stock valued at $106,000 after buying an additional 1,118 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Dick’s Sporting Goods by 30.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,823 shares of the sporting goods retailer’s stock valued at $113,000 after buying an additional 653 shares in the last quarter. HPM Partners LLC acquired a new position in Dick’s Sporting Goods during the second quarter valued at approximately $272,000. Finally, Globeflex Capital L P acquired a new position in Dick’s Sporting Goods during the first quarter valued at approximately $224,000. 77.76% of the stock is currently owned by hedge funds and other institutional investors.

Dick’s Sporting Goods (DKS) traded down 1.30% during mid-day trading on Thursday, hitting $24.97. 1,887,391 shares of the stock were exchanged. Dick’s Sporting Goods has a one year low of $24.60 and a one year high of $62.88. The company has a 50-day moving average price of $27.04 and a 200-day moving average price of $38.14. The company has a market cap of $2.73 billion, a P/E ratio of 8.96 and a beta of 0.51.

Dick’s Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Tuesday, August 15th. The sporting goods retailer reported $0.96 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by ($0.04). Dick’s Sporting Goods had a net margin of 3.74% and a return on equity of 19.09%. The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same quarter last year, the business earned $0.82 EPS. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. Analysts forecast that Dick’s Sporting Goods will post $2.90 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 8th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $0.68 dividend on an annualized basis and a yield of 2.69%. Dick’s Sporting Goods’s dividend payout ratio (DPR) is 24.29%.

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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