Dick’s Sporting Goods Inc (DKS) Receives Average Rating of “Hold” from Analysts

Shares of Dick’s Sporting Goods Inc (NYSE:DKS) have been assigned an average recommendation of “Hold” from the thirty-five analysts that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, twenty-six have given a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $32.36.

Several research firms have recently commented on DKS. Cowen reiterated a “hold” rating and set a $26.00 target price on shares of Dick’s Sporting Goods in a research note on Friday, November 17th. Citigroup reduced their target price on Dick’s Sporting Goods from $30.00 to $28.00 and set a “neutral” rating for the company in a research note on Thursday, November 16th. Zacks Investment Research upgraded Dick’s Sporting Goods from a “sell” rating to a “hold” rating in a research note on Thursday, November 16th. BMO Capital Markets reduced their target price on Dick’s Sporting Goods from $37.00 to $32.00 and set an “outperform” rating for the company in a research note on Wednesday, November 15th. Finally, Forward View upgraded Dick’s Sporting Goods from a “sell” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Thursday, November 16th.

Shares of Dick’s Sporting Goods (NYSE:DKS) remained flat at $$29.46 during trading hours on Friday. The stock had a trading volume of 9,361,900 shares, compared to its average volume of 3,047,222. The firm has a market cap of $3,160.00, a PE ratio of 8.98, a PEG ratio of 1.53 and a beta of 0.48. Dick’s Sporting Goods has a 1 year low of $23.88 and a 1 year high of $62.80. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.25 and a current ratio of 1.61.

Dick’s Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.04. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.90 billion. Dick’s Sporting Goods had a return on equity of 17.95% and a net margin of 3.54%. Dick’s Sporting Goods’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.48 EPS. equities analysts predict that Dick’s Sporting Goods will post 2.97 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend is Thursday, December 7th. Dick’s Sporting Goods’s dividend payout ratio is currently 25.09%.

Hedge funds have recently bought and sold shares of the stock. Nordea Investment Management AB grew its stake in shares of Dick’s Sporting Goods by 0.5% in the second quarter. Nordea Investment Management AB now owns 5,106 shares of the sporting goods retailer’s stock worth $203,000 after purchasing an additional 26 shares in the last quarter. US Bancorp DE boosted its position in shares of Dick’s Sporting Goods by 0.8% in the 2nd quarter. US Bancorp DE now owns 22,635 shares of the sporting goods retailer’s stock valued at $901,000 after purchasing an additional 174 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its position in shares of Dick’s Sporting Goods by 1.6% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 15,395 shares of the sporting goods retailer’s stock valued at $694,000 after purchasing an additional 241 shares during the period. Investment Counselors of Maryland LLC lifted its stake in Dick’s Sporting Goods by 1.1% in the 2nd quarter. Investment Counselors of Maryland LLC now owns 25,331 shares of the sporting goods retailer’s stock worth $1,009,000 after acquiring an additional 275 shares in the last quarter. Finally, Capstone Asset Management Co. lifted its stake in Dick’s Sporting Goods by 2.7% in the 2nd quarter. Capstone Asset Management Co. now owns 11,462 shares of the sporting goods retailer’s stock worth $457,000 after acquiring an additional 300 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

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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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