Oppenheimer Holdings Inc. upgraded shares of Dick’s Sporting Goods Inc. (NYSE:DKS) from a market perform rating to an outperform rating in a research note issued to investors on Thursday. Oppenheimer Holdings Inc. currently has $75.00 target price on the sporting goods retailer’s stock.

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

A number of other equities analysts have also commented on DKS. Royal Bank Of Canada reiterated a hold rating on shares of Dick’s Sporting Goods in a research note on Sunday, May 22nd. B. Riley reiterated a buy rating and issued a $51.00 price objective on shares of Dick’s Sporting Goods in a research note on Sunday, May 22nd. Goldman Sachs Group Inc. upgraded 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 note on Thursday, May 26th. TheStreet lowered Dick’s Sporting Goods from a buy rating to a hold rating in a research note on Monday, May 23rd. Finally, MKM Partners reiterated a buy rating and issued a $55.00 price objective on shares of Dick’s Sporting Goods in a research note on Wednesday, June 29th. 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 company’s stock. The company presently 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 firm has a market capitalization of $6.87 billion, a PE ratio of 21.31 and a beta of 0.83. The company 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 52-week low of $33.42 and a 52-week high of $61.61.

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

The firm also recently announced 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. This represents a $0.61 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Wednesday, September 7th. Dick’s Sporting Goods’s payout ratio is 21.33%.

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

Several hedge funds have recently added to or reduced their stakes in DKS. Acrospire Investment Management LLC purchased a new stake in Dick’s Sporting Goods during the first quarter worth 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 worth $124,000 after buying an additional 1,068 shares in the last quarter. Johnson Financial Group Inc. purchased a new stake in Dick’s Sporting Goods during the second quarter worth 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 worth $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 worth $144,000 after buying an additional 2,968 shares in the last quarter. Institutional investors and hedge funds own 72.16% of the company’s stock.

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

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