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

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

DKS has been the topic of several other reports. Goldman Sachs Group Inc. upgraded shares of Dick’s Sporting Goods from a neutral rating to a buy rating and set a $53.00 price target on the stock in a report on Thursday, May 26th. B. Riley restated a buy rating and set a $51.00 price target on shares of Dick’s Sporting Goods in a report on Sunday, May 22nd. MKM Partners cut their price target on shares of Dick’s Sporting Goods from $56.00 to $55.00 and set a buy rating on the stock in a report on Friday, May 20th. Canaccord Genuity restated a buy rating and set a $52.00 price target on shares of Dick’s Sporting Goods in a report on Thursday, May 19th. Finally, Brean Capital cut their price target on shares of Dick’s Sporting Goods from $50.00 to $47.00 and set a buy rating on the stock in a report on Thursday, May 19th. One equities research 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 company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $59.09.

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

Dick’s Sporting Goods (NYSE:DKS) last posted its earnings results on Tuesday, August 16th. The sporting goods retailer reported $0.82 EPS for the quarter, topping the consensus estimate of $0.69 by $0.13. The company earned $2 billion during the quarter, compared to the consensus estimate of $1.88 billion. Dick’s Sporting Goods had a net margin of 4.32% and a return on equity of 18.43%. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.77 earnings per share. On average, analysts anticipate that Dick’s Sporting Goods will post $3.06 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 9th will be given a dividend of $0.1513 per share. 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 payout ratio is currently 21.33%.

In other Dick’s Sporting Goods news, EVP Michele Willoughby sold 36,737 shares of the stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $58.78, for a total transaction of $2,159,400.86. Following the completion of the sale, the executive vice president now owns 98,923 shares of the company’s stock, valued at approximately $5,814,693.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 22.96% of the company’s stock.

Large investors have recently bought and sold shares of the company. Acrospire Investment Management LLC bought a new stake in Dick’s Sporting Goods during the first quarter valued at approximately $103,000. BlueMountain Capital Management LLC boosted its stake in Dick’s Sporting Goods by 63.6% in the second quarter. BlueMountain Capital Management LLC now owns 2,748 shares of the sporting goods retailer’s stock valued at $124,000 after buying an additional 1,068 shares in the last quarter. Johnson Financial Group Inc. bought a new stake in Dick’s Sporting Goods during the second quarter valued at approximately $135,000. 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 valued at $138,000 after buying an additional 1,405 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in 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 in the last quarter. 72.16% of the stock is owned by hedge funds and other institutional investors.

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

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