Dick’s Sporting Goods Inc. (NYSE:DKS) – Oppenheimer Holdings boosted their FY2018 earnings per share estimates for Dick’s Sporting Goods in a report issued on Wednesday. Oppenheimer Holdings analyst B. Nagel now expects that the brokerage will post earnings of $3.75 per share for the year, up from their prior forecast of $3.15. Oppenheimer Holdings currently has a “Outperform” rating and a $75.00 target price on the stock.

DKS has been the subject of several other research reports. Vetr upgraded shares of Dick’s Sporting Goods from a “hold” rating to a “buy” rating and set a $61.50 price target for the company in a report on Monday, August 29th. Goldman Sachs Group Inc. raised shares of Dick’s Sporting Goods from a “neutral” rating to a “buy” rating and set a $53.00 price objective on the stock in a research report on Thursday, May 26th. Argus lifted their price objective on shares of Dick’s Sporting Goods from $52.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, August 30th. TheStreet raised shares of Dick’s Sporting Goods from a “hold” rating to a “buy” rating in a research report on Friday, July 29th. Finally, Credit Suisse Group AG reaffirmed a “hold” rating and issued a $48.00 price objective on shares of Dick’s Sporting Goods in a research report on Monday, July 11th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twenty-two have issued a buy rating to the stock. Dick’s Sporting Goods currently has a consensus rating of “Buy” and a consensus price target of $59.09.

Dick’s Sporting Goods (NYSE:DKS) traded down 0.10% on Monday, reaching $60.77. 566,779 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $57.16 and a 200 day moving average price of $48.20. Dick’s Sporting Goods has a 12-month low of $33.42 and a 12-month high of $61.61. The stock has a market cap of $6.86 billion, a price-to-earnings ratio of 21.29 and a beta of 0.83.

Dick’s Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Tuesday, August 16th. The sporting goods retailer reported $0.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.13. Dick’s Sporting Goods had a net margin of 4.32% and a return on equity of 18.43%. The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period last year, the firm earned $0.77 earnings per share. The company’s quarterly revenue was up 8.0% on a year-over-year basis.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 9th will be issued a $0.1513 dividend. The ex-dividend date is Wednesday, September 7th. This represents a $0.61 annualized dividend and a yield of 0.99%. Dick’s Sporting Goods’s dividend payout ratio (DPR) is 21.33%.

In related news, EVP Michele Willoughby sold 36,737 shares of the firm’s stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $58.78, for a total value of $2,159,400.86. Following the sale, the executive vice president now owns 98,923 shares of the company’s stock, valued at $5,814,693.94. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 22.96% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of DKS. Wellington Management Group LLP purchased a new stake in shares of Dick’s Sporting Goods during the first quarter valued at $103,767,000. AMP Capital Investors Ltd boosted its stake in Dick’s Sporting Goods by 167.9% in the first quarter. AMP Capital Investors Ltd now owns 62,306 shares of the sporting goods retailer’s stock worth $2,929,000 after buying an additional 39,048 shares during the last quarter. Creative Planning boosted its stake in Dick’s Sporting Goods by 84.3% in the second quarter. Creative Planning now owns 3,072 shares of the sporting goods retailer’s stock worth $138,000 after buying an additional 1,405 shares during the last quarter. Pictet Asset Management Ltd. boosted its stake in Dick’s Sporting Goods by 7.0% in the first quarter. Pictet Asset Management Ltd. now owns 35,000 shares of the sporting goods retailer’s stock worth $1,486,000 after buying an additional 2,300 shares during the last quarter. Finally, W.G. Shaheen & Associates DBA Whitney & Co boosted its stake in Dick’s Sporting Goods by 3.8% in the second quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 100,704 shares of the sporting goods retailer’s stock worth $4,538,000 after buying an additional 3,679 shares during the last quarter. 72.16% of the stock is currently owned by hedge funds and other institutional investors.

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 in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, as well as e-commerce Websites at www.DICKS.com, www.golfgalaxy.com, www.fieldandstreamshop.com and www.caliastudio.com.

5 Day Chart for NYSE:DKS

Receive News & Ratings for Dick's Sporting Goods Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dick's Sporting Goods Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.