Dick’s Sporting Goods Inc (NYSE:DKS) had its price objective reduced by Wedbush from $54.00 to $51.00 in a report released on Wednesday morning, MarketBeat Ratings reports. They currently have an outperform rating on the sporting goods retailer’s stock. Wedbush also issued estimates for Dick’s Sporting Goods’ Q2 2018 earnings at $1.02 EPS, Q3 2018 earnings at $0.52 EPS, Q4 2018 earnings at $1.47 EPS, FY2018 earnings at $3.55 EPS, Q1 2019 earnings at $0.63 EPS, Q2 2019 earnings at $1.14 EPS, Q3 2019 earnings at $0.58 EPS, Q4 2019 earnings at $1.58 EPS and FY2019 earnings at $3.92 EPS.

Other analysts also recently issued reports about the company. Oppenheimer Holdings, Inc. reiterated a hold rating on shares of Dick’s Sporting Goods in a report on Saturday, May 13th. B. Riley reiterated a buy rating and issued a $64.00 price target on shares of Dick’s Sporting Goods in a report on Friday, May 12th. UBS AG downgraded Dick’s Sporting Goods from a buy rating to a neutral rating in a report on Tuesday, May 16th. Barclays PLC reiterated an equal weight rating and issued a $46.00 price target (down from $50.00) on shares of Dick’s Sporting Goods in a report on Wednesday, May 17th. Finally, Citigroup Inc. reiterated a buy rating and issued a $55.00 price target (down from $65.00) on shares of Dick’s Sporting Goods in a report on Wednesday, May 17th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nineteen have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $55.92.

Shares of Dick’s Sporting Goods (DKS) traded down 0.14% during midday trading on Wednesday, hitting $36.67. The stock had a trading volume of 1,380,309 shares. The stock has a market cap of $4.12 billion, a P/E ratio of 14.20 and a beta of 0.48. The stock has a 50-day moving average price of $38.56 and a 200-day moving average price of $46.21. Dick’s Sporting Goods has a 12-month low of $34.55 and a 12-month 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 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. Dick’s Sporting Goods had a return on equity of 18.61% and a net margin of 3.57%. The firm had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same period in the prior year, the firm earned $0.50 EPS. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. Equities analysts forecast that Dick’s Sporting Goods will post $3.66 earnings per share for the current year.

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

Several large investors have recently added to or reduced their stakes in the stock. Baird Financial Group Inc. boosted its stake in Dick’s Sporting Goods by 16.5% in the first quarter. Baird Financial Group Inc. now owns 63,312 shares of the sporting goods retailer’s stock worth $3,081,000 after buying an additional 8,984 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in Dick’s Sporting Goods by 6.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 292,898 shares of the sporting goods retailer’s stock worth $14,253,000 after buying an additional 18,198 shares during the period. UBS Asset Management Americas Inc. boosted its stake in Dick’s Sporting Goods by 69.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 437,486 shares of the sporting goods retailer’s stock worth $23,231,000 after buying an additional 179,276 shares during the period. Lazard Asset Management LLC boosted its stake in Dick’s Sporting Goods by 1,779.5% in the first quarter. Lazard Asset Management LLC now owns 70,782 shares of the sporting goods retailer’s stock worth $3,443,000 after buying an additional 67,016 shares during the period. Finally, Karp Capital Management Corp acquired a new stake in Dick’s Sporting Goods during the first quarter worth $1,468,000. 78.91% of the stock is currently owned by institutional investors.

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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