Dick’s Sporting Goods Inc (NYSE:DKS) has received a consensus recommendation of “Hold” from the thirty-five analysts that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, twenty-six have given a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $32.36.

DKS has been the subject of a number of analyst reports. Goldman Sachs Group cut shares of Dick’s Sporting Goods from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $49.00 to $30.00 in a research report on Wednesday, August 16th. Forward View reissued a “sell” rating and issued a $25.00 price objective on shares of Dick’s Sporting Goods in a research report on Wednesday, August 16th. Royal Bank Of Canada cut shares of Dick’s Sporting Goods from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from $46.00 to $29.00 in a research report on Wednesday, August 16th. Wedbush cut shares of Dick’s Sporting Goods from an “outperform” rating to a “neutral” rating and set a $29.00 price objective for the company. in a research report on Tuesday, August 15th. Finally, Buckingham Research cut shares of Dick’s Sporting Goods from a “buy” rating to a “neutral” rating and set a $45.00 price objective for the company. in a research report on Wednesday, August 16th.

Shares of Dick’s Sporting Goods (NYSE:DKS) traded up $1.24 during trading on Friday, reaching $30.14. 3,797,711 shares of the company were exchanged, compared to its average volume of 3,054,037. The company has a current ratio of 1.61, a quick ratio of 0.25 and a debt-to-equity ratio of 0.28. Dick’s Sporting Goods has a 12-month low of $23.88 and a 12-month high of $62.80. The stock has a market cap of $3,240.00, a PE ratio of 9.26, a price-to-earnings-growth ratio of 1.58 and a beta of 0.57.

Dick’s Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. Dick’s Sporting Goods had a net margin of 3.54% and a return on equity of 17.95%. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same period in the prior year, the company earned $0.48 EPS. The firm’s revenue was up 7.4% on a year-over-year basis. analysts predict that Dick’s Sporting Goods will post 2.97 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be paid a $0.17 dividend. The ex-dividend date is Thursday, December 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.26%. Dick’s Sporting Goods’s dividend payout ratio (DPR) is presently 25.09%.

Several institutional investors have recently modified their holdings of DKS. Capstone Asset Management Co. raised its stake in shares of Dick’s Sporting Goods by 2.7% in the 2nd quarter. Capstone Asset Management Co. now owns 11,462 shares of the sporting goods retailer’s stock valued at $457,000 after purchasing an additional 300 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Dick’s Sporting Goods by 13.0% in the 2nd quarter. Bank of Montreal Can now owns 80,022 shares of the sporting goods retailer’s stock valued at $3,187,000 after purchasing an additional 9,195 shares in the last quarter. Creative Planning raised its stake in shares of Dick’s Sporting Goods by 72.2% in the 2nd quarter. Creative Planning now owns 2,667 shares of the sporting goods retailer’s stock valued at $106,000 after purchasing an additional 1,118 shares in the last quarter. Aperio Group LLC raised its stake in shares of Dick’s Sporting Goods by 9.3% in the 2nd quarter. Aperio Group LLC now owns 32,961 shares of the sporting goods retailer’s stock valued at $1,313,000 after purchasing an additional 2,798 shares in the last quarter. Finally, State Treasurer State of Michigan raised its stake in Dick’s Sporting Goods by 1.4% during the second quarter. State Treasurer State of Michigan now owns 36,200 shares of the sporting goods retailer’s stock worth $1,442,000 after acquiring an additional 500 shares during the period. Institutional investors and hedge funds own 71.65% of the company’s stock.

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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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