BidaskClub downgraded shares of Dick’s Sporting Goods Inc (NYSE:DKS) from a sell rating to a strong sell rating in a report released on Tuesday morning.

DKS has been the subject of a number of other reports. Zacks Investment Research cut Dick’s Sporting Goods from a hold rating to a sell rating in a research note on Wednesday, July 12th. Stifel Nicolaus set a $54.00 price target on Dick’s Sporting Goods and gave the company a buy rating in a research note on Wednesday, May 17th. Telsey Advisory Group cut Dick’s Sporting Goods from an outperform rating to a market perform rating and lowered their price target for the company from $52.00 to $40.00 in a research note on Monday, July 24th. Oppenheimer Holdings, Inc. reaffirmed a hold rating on shares of Dick’s Sporting Goods in a research note on Saturday, May 13th. Finally, B. Riley reaffirmed a buy rating and issued a $64.00 price target on shares of Dick’s Sporting Goods in a research note on Friday, May 12th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $55.92.

Shares of Dick’s Sporting Goods (NYSE DKS) traded down 0.14% during trading on Tuesday, hitting $36.67. 1,380,309 shares of the stock traded hands. The company has a market cap of $4.12 billion, a PE ratio of 14.20 and a beta of 0.48. The company has a 50 day moving average of $38.56 and a 200-day moving average of $46.21. Dick’s Sporting Goods has a 1-year low of $34.55 and a 1-year high of $62.88.

Dick’s Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Tuesday, May 16th. The sporting goods retailer reported $0.54 EPS for the quarter, meeting analysts’ consensus estimates of $0.54. The company had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Dick’s Sporting Goods had a return on equity of 18.61% and a net margin of 3.57%. Dick’s Sporting Goods’s revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.50 EPS. On average, equities analysts anticipate that Dick’s Sporting Goods will post $3.66 EPS for the current fiscal year.

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The firm also recently declared a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Friday, June 9th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend was Wednesday, June 7th. Dick’s Sporting Goods’s dividend payout ratio is 26.25%.

A number of large investors have recently made changes to their positions in the stock. Point72 Asia Hong Kong Ltd acquired a new stake in shares of Dick’s Sporting Goods during the first quarter valued at about $114,000. Creative Planning boosted its position in Dick’s Sporting Goods by 72.2% in the second quarter. Creative Planning now owns 2,667 shares of the sporting goods retailer’s stock valued at $106,000 after buying an additional 1,118 shares during the last quarter. James Investment Research Inc. boosted its position in Dick’s Sporting Goods by 7.3% in the first quarter. James Investment Research Inc. now owns 2,933 shares of the sporting goods retailer’s stock valued at $143,000 after buying an additional 200 shares during the last quarter. Integrated Investment Consultants LLC boosted its position in Dick’s Sporting Goods by 232.1% in the first quarter. Integrated Investment Consultants LLC now owns 3,487 shares of the sporting goods retailer’s stock valued at $170,000 after buying an additional 2,437 shares during the last quarter. Finally, Verity Asset Management Inc. purchased a new position in Dick’s Sporting Goods during the first quarter valued at $206,000. 78.91% of the stock is owned by institutional investors and hedge funds.

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 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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