Dicks Sporting Goods Inc (DKS) Receives Average Rating of “Hold” from Brokerages

Shares of Dicks Sporting Goods Inc (NYSE:DKS) have been given an average rating of “Hold” by the twenty-seven research firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation and thirteen have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $37.48.

Several brokerages recently issued reports on DKS. Cowen raised their target price on shares of Dicks Sporting Goods from $37.00 to $42.00 and gave the stock a “hold” rating in a report on Thursday, August 23rd. Wedbush raised their target price on shares of Dicks Sporting Goods from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Tuesday, August 21st. Zacks Investment Research cut shares of Dicks Sporting Goods from a “buy” rating to a “hold” rating in a report on Friday, August 31st. OTR Global upgraded shares of Dicks Sporting Goods to a “positive” rating in a report on Wednesday, August 15th. Finally, ValuEngine upgraded shares of Dicks Sporting Goods from a “sell” rating to a “hold” rating in a research report on Thursday, August 16th.

DKS stock traded up $0.20 on Tuesday, hitting $33.05. The company had a trading volume of 2,399,109 shares, compared to its average volume of 2,381,836. Dicks Sporting Goods has a 12-month low of $23.88 and a 12-month high of $39.74. The company has a current ratio of 1.53, a quick ratio of 0.24 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $3.34 billion, a P/E ratio of 9.98, a P/E/G ratio of 1.50 and a beta of 0.38.



Dicks Sporting Goods (NYSE:DKS) last issued its earnings results on Wednesday, August 29th. The sporting goods retailer reported $1.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.14. Dicks Sporting Goods had a net margin of 3.82% and a return on equity of 17.72%. The company had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter last year, the company posted $0.96 earnings per share. The firm’s quarterly revenue was up .9% on a year-over-year basis. As a group, equities analysts predict that Dicks Sporting Goods will post 3.14 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 14th were given a $0.225 dividend. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $0.90 annualized dividend and a yield of 2.72%. Dicks Sporting Goods’s payout ratio is presently 29.90%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DKS. Principal Financial Group Inc. raised its position in shares of Dicks Sporting Goods by 3.2% during the 1st quarter. Principal Financial Group Inc. now owns 365,486 shares of the sporting goods retailer’s stock valued at $12,810,000 after purchasing an additional 11,315 shares during the period. Commonwealth Equity Services LLC raised its position in shares of Dicks Sporting Goods by 42.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 22,027 shares of the sporting goods retailer’s stock valued at $772,000 after purchasing an additional 6,549 shares during the period. Northwestern Mutual Investment Management Company LLC raised its position in shares of Dicks Sporting Goods by 56.2% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 16,921 shares of the sporting goods retailer’s stock valued at $593,000 after purchasing an additional 6,091 shares during the period. LPL Financial LLC raised its position in shares of Dicks Sporting Goods by 57.1% during the 1st quarter. LPL Financial LLC now owns 22,340 shares of the sporting goods retailer’s stock valued at $783,000 after purchasing an additional 8,117 shares during the period. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in shares of Dicks Sporting Goods during the 1st quarter valued at $1,483,000. Institutional investors and hedge funds own 73.69% of the company’s stock.

About Dicks Sporting Goods

Dick's Sporting Goods, Inc operates as a sporting goods retailer primarily in the eastern United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories. The company also owns and operates Golf Galaxy, Field & Stream, and other specialty concept stores; and e-commerce Websites, as well as Dick's Team Sports HQ, a youth sports digital platform that offers free league management services, mobile apps for scheduling, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.

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Analyst Recommendations for Dicks Sporting Goods (NYSE:DKS)

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