Buckingham Research upgraded shares of Dicks Sporting Goods (NYSE:DKS) from a neutral rating to a buy rating in a research report released on Wednesday morning, Marketbeat reports.

Several other equities research analysts have also recently issued reports on the company. Cowen set a $34.00 price objective on Dicks Sporting Goods and gave the stock a hold rating in a report on Friday, January 12th. Deutsche Bank upgraded Dicks Sporting Goods from a hold rating to a buy rating and lifted their target price for the company from $33.00 to $39.00 in a report on Friday, January 12th. BMO Capital Markets set a $40.00 target price on Dicks Sporting Goods and gave the company a buy rating in a report on Thursday, January 11th. Canaccord Genuity set a $34.00 target price on Dicks Sporting Goods and gave the company a hold rating in a report on Sunday, January 7th. Finally, Robert W. Baird reiterated a hold rating and issued a $32.00 target price on shares of Dicks Sporting Goods in a report on Wednesday, January 3rd. Two research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $33.36.

Dicks Sporting Goods (NYSE:DKS) traded up $0.88 during mid-day trading on Wednesday, hitting $33.92. The stock had a trading volume of 2,214,875 shares, compared to its average volume of 2,874,609. Dicks Sporting Goods has a 1-year low of $23.88 and a 1-year high of $54.03. The company has a quick ratio of 0.25, a current ratio of 1.61 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $3,643.11, a PE ratio of 12.52, a price-to-earnings-growth ratio of 1.84 and a beta of 0.56.

Dicks Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.04. Dicks Sporting Goods had a return on equity of 17.95% and a net margin of 3.54%. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter last year, the firm earned $0.48 earnings per share. The business’s revenue was up 7.4% on a year-over-year basis. sell-side analysts forecast that Dicks Sporting Goods will post 2.98 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 8th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend was Thursday, December 7th. Dicks Sporting Goods’s dividend payout ratio (DPR) is presently 25.09%.

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Dicks Sporting Goods by 2.0% in the second quarter. Vanguard Group Inc. now owns 6,802,340 shares of the sporting goods retailer’s stock valued at $270,937,000 after purchasing an additional 135,991 shares during the period. Northern Trust Corp raised its position in Dicks Sporting Goods by 54.6% in the second quarter. Northern Trust Corp now owns 3,791,180 shares of the sporting goods retailer’s stock valued at $151,003,000 after purchasing an additional 1,339,379 shares during the period. Okumus Fund Management Ltd. purchased a new position in Dicks Sporting Goods in the third quarter valued at about $46,406,000. Dimensional Fund Advisors LP raised its position in Dicks Sporting Goods by 58.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,717,065 shares of the sporting goods retailer’s stock valued at $46,379,000 after purchasing an additional 636,186 shares during the period. Finally, Manning & Napier Advisors LLC raised its position in Dicks Sporting Goods by 16.2% in the third quarter. Manning & Napier Advisors LLC now owns 1,213,325 shares of the sporting goods retailer’s stock valued at $32,771,000 after purchasing an additional 169,370 shares during the period. 72.83% of the stock is currently owned by institutional investors.

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Dicks 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 Dicks Sporting Goods (NYSE:DKS)

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