Buckingham Research assumed coverage on shares of Dick’s Sporting Goods Inc (NYSE:DKS) in a research report report published on Monday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $45.00 target price on the sporting goods retailer’s stock.

A number of other brokerages have also recently issued reports on DKS. B. Riley reaffirmed a buy rating and issued a $58.00 target price on shares of Dick’s Sporting Goods in a report on Wednesday, May 17th. Cowen and Company set a $55.00 target price on shares of Dick’s Sporting Goods and gave the company a buy rating in a report on Wednesday, May 17th. Monness Crespi & Hardt reaffirmed a buy rating and issued a $52.00 target price (down from $60.00) on shares of Dick’s Sporting Goods in a report on Wednesday, May 17th. Canaccord Genuity reaffirmed a buy rating and issued a $67.00 target price on shares of Dick’s Sporting Goods in a report on Monday, May 8th. Finally, Stifel Nicolaus set a $54.00 target price on shares of Dick’s Sporting Goods and gave the company a buy rating in a report on Wednesday, May 17th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty-two have given a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $56.95.

Dick’s Sporting Goods (DKS) traded down 0.35% during midday trading on Monday, hitting $37.10. The stock had a trading volume of 111,668 shares. Dick’s Sporting Goods has a 12 month low of $35.87 and a 12 month high of $62.88. The stock has a 50 day moving average of $39.19 and a 200 day moving average of $46.94. The stock has a market cap of $4.17 billion, a price-to-earnings ratio of 14.37 and a beta of 0.48.

Dick’s Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Tuesday, May 16th. The sporting goods retailer reported $0.54 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.54. The firm had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Dick’s Sporting Goods had a net margin of 3.57% and a return on equity of 18.61%. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.50 earnings per share. Analysts expect that Dick’s Sporting Goods will post $3.68 EPS for the current fiscal year.

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The firm also recently announced a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, June 9th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date was Wednesday, June 7th. Dick’s Sporting Goods’s dividend payout ratio is presently 26.25%.

Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its position in shares of Dick’s Sporting Goods by 2,879.3% in the first quarter. BlackRock Inc. now owns 8,515,919 shares of the sporting goods retailer’s stock worth $414,382,000 after buying an additional 8,230,087 shares in the last quarter. OZ Management LP acquired a new position in shares of Dick’s Sporting Goods during the first quarter worth approximately $86,412,000. Renaissance Technologies LLC increased its position in shares of Dick’s Sporting Goods by 424.3% in the first quarter. Renaissance Technologies LLC now owns 2,054,600 shares of the sporting goods retailer’s stock worth $99,977,000 after buying an additional 1,662,700 shares in the last quarter. SRS Investment Management LLC acquired a new position in shares of Dick’s Sporting Goods during the first quarter worth approximately $72,194,000. Finally, TIAA CREF Investment Management LLC increased its position in shares of Dick’s Sporting Goods by 342.8% in the first quarter. TIAA CREF Investment Management LLC now owns 1,548,807 shares of the sporting goods retailer’s stock worth $75,365,000 after buying an additional 1,199,058 shares in the last quarter. 78.90% of the stock is currently owned by institutional investors and hedge funds.

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 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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