Shares of Dicks Sporting Goods Inc (NYSE:DKS) have earned a consensus recommendation of “Hold” from the thirty-four analysts that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, twenty-two have given a hold rating and ten have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $32.91.

DKS has been the subject of several research reports. Cowen reissued a “hold” rating and issued a $28.00 target price on shares of Dicks Sporting Goods in a research note on Thursday, September 28th. Wells Fargo & Co set a $29.00 price objective on Dicks Sporting Goods and gave the stock a “hold” rating in a research note on Wednesday, October 11th. Wolfe Research cut Dicks Sporting Goods from a “peer perform” rating to an “underperform” rating and set a $20.00 price objective for the company. in a research note on Wednesday, November 1st. BMO Capital Markets reaffirmed a “buy” rating and set a $37.00 price objective on shares of Dicks Sporting Goods in a research note on Thursday, November 2nd. Finally, OTR Global cut Dicks Sporting Goods to a “neutral” rating in a research note on Monday, November 6th.

Dicks Sporting Goods (DKS) traded up $0.88 during midday trading on Friday, hitting $33.92. The stock had a trading volume of 2,220,000 shares, compared to its average volume of 3,330,000. The firm has a market cap of $3,640.00, a PE ratio of 12.52, a P/E/G ratio of 1.80 and a beta of 0.56. Dicks Sporting Goods has a one year low of $23.88 and a one year high of $54.03. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.61 and a quick ratio of 0.25.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 8th were issued a dividend of $0.17 per share. The ex-dividend date was Thursday, December 7th. This represents a $0.68 annualized dividend and a yield of 2.00%. Dicks Sporting Goods’s dividend payout ratio is presently 25.09%.

A number of hedge funds have recently bought and sold shares of DKS. Schwab Charles Investment Management Inc. lifted its holdings in Dicks Sporting Goods by 10.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 324,610 shares of the sporting goods retailer’s stock worth $12,930,000 after acquiring an additional 31,712 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Dicks Sporting Goods by 2.6% during the second quarter. Wells Fargo & Company MN now owns 574,455 shares of the sporting goods retailer’s stock worth $22,880,000 after acquiring an additional 14,814 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in Dicks Sporting Goods by 0.8% during the second quarter. Alliancebernstein L.P. now owns 58,027 shares of the sporting goods retailer’s stock worth $2,311,000 after acquiring an additional 455 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Dicks Sporting Goods by 30.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,823 shares of the sporting goods retailer’s stock worth $113,000 after acquiring an additional 653 shares in the last quarter. Finally, Teachers Advisors LLC lifted its holdings in Dicks Sporting Goods by 223.9% during the second quarter. Teachers Advisors LLC now owns 560,895 shares of the sporting goods retailer’s stock worth $22,340,000 after acquiring an additional 387,728 shares in the last quarter. Hedge funds and other institutional investors own 72.83% of the company’s stock.

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About Dicks 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 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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