Citigroup Inc. upgraded shares of Dick’s Sporting Goods Inc. (NYSE:DKS) to an outperform rating in a research note issued to investors on Thursday morning, The Fly reports. Citigroup Inc. currently has $75.00 target price on the sporting goods retailer’s stock.

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

Several other equities research analysts have also recently issued reports on the stock. Vetr cut shares of Dick’s Sporting Goods from a buy rating to a hold rating and set a $61.50 price objective on the stock. in a research report on Tuesday, September 6th. Argus lifted their price objective on shares of Dick’s Sporting Goods from $52.00 to $66.00 and gave the company a buy rating in a research report on Tuesday, August 30th. B. Riley reiterated a buy rating and set a $66.00 price objective on shares of Dick’s Sporting Goods in a research report on Monday, August 22nd. Forward View Consulting set a $64.00 price objective on shares of Dick’s Sporting Goods and gave the company a buy rating in a research report on Thursday, August 18th. Finally, Forward View reiterated a buy rating and set a $64.00 price objective on shares of Dick’s Sporting Goods in a research report on Thursday, August 18th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twenty-two have given a buy rating to the company. Dick’s Sporting Goods has a consensus rating of Buy and a consensus target price of $59.09.

Shares of Dick’s Sporting Goods (NYSE:DKS) opened at 60.83 on Thursday. The stock has a market capitalization of $6.87 billion, a PE ratio of 21.31 and a beta of 0.83. The stock has a 50 day moving average of $57.16 and a 200 day moving average of $48.20. Dick’s Sporting Goods has a 52-week low of $33.42 and a 52-week high of $61.61.

Dick’s Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Tuesday, August 16th. The sporting goods retailer reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.13. The firm had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Dick’s Sporting Goods had a net margin of 4.32% and a return on equity of 18.43%. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.77 earnings per share. Analysts forecast that Dick’s Sporting Goods will post $3.06 earnings per share for the current year.

The firm also recently declared 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 of this dividend 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 presently 21.33%.

In related news, EVP Michele Willoughby sold 36,737 shares of the 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 transaction, the executive vice president now owns 98,923 shares in the company, valued at approximately $5,814,693.94. The sale was disclosed in a filing with the SEC, which is available through this link. 22.96% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of DKS. Mason Street Advisors LLC acquired a new position in shares of Dick’s Sporting Goods during the second quarter valued at $1,832,000. IFP Advisors Inc increased its position in shares of Dick’s Sporting Goods by 1,257.6% in the second quarter. IFP Advisors Inc now owns 3,204 shares of the sporting goods retailer’s stock valued at $144,000 after buying an additional 2,968 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of Dick’s Sporting Goods by 80.0% in the second quarter. Public Employees Retirement System of Ohio now owns 51,695 shares of the sporting goods retailer’s stock valued at $2,329,000 after buying an additional 22,972 shares during the period. Personal Capital Advisors Corp increased its position in shares of Dick’s Sporting Goods by 17.0% in the second quarter. Personal Capital Advisors Corp now owns 232,931 shares of the sporting goods retailer’s stock valued at $10,496,000 after buying an additional 33,853 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Dick’s Sporting Goods by 7.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 261,780 shares of the sporting goods retailer’s stock valued at $11,796,000 after buying an additional 18,581 shares during the period. Institutional investors own 72.16% of the company’s stock.

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 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

The Fly

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.