Dick’s Sporting Goods Inc. (NYSE:DKS) saw strong trading volume on Thursday . 1,860,119 shares traded hands during mid-day trading, a decline of 7% from the previous session’s volume of 2,001,849 shares.The stock last traded at $49.86 and had previously closed at $48.68.

A number of equities research analysts have weighed in on the company. Deutsche Bank AG reaffirmed a “buy” rating on shares of Dick’s Sporting Goods in a report on Monday, May 2nd. B. Riley reissued a “buy” rating and set a $51.00 price target on shares of Dick’s Sporting Goods in a research note on Tuesday, May 17th. Royal Bank Of Canada reissued a “hold” rating on shares of Dick’s Sporting Goods in a research note on Sunday, May 22nd. Sterne Agee CRT reissued a “buy” rating and set a $55.00 price target on shares of Dick’s Sporting Goods in a research note on Monday, May 16th. Finally, Vetr raised Dick’s Sporting Goods from a “buy” rating to a “strong-buy” rating and set a $51.50 price target on the stock in a research note on Thursday, May 5th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $50.04.

The firm’s 50-day moving average price is $43.68 and its 200-day moving average price is $42.42. The stock has a market capitalization of $5.63 billion and a P/E ratio of 17.56.

Dick’s Sporting Goods (NYSE:DKS) last released its earnings results on Thursday, May 19th. The sporting goods retailer reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.01. During the same quarter in the previous year, the company earned $0.53 EPS. The company earned $1.70 billion during the quarter, compared to analysts’ expectations of $1.67 billion. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. Equities analysts predict that Dick’s Sporting Goods Inc. will post $2.81 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Friday, June 10th were given a $0.1513 dividend. The ex-dividend date of this dividend was Wednesday, June 8th. This represents a $0.61 dividend on an annualized basis and a yield of 1.23%.

Other large investors recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its stake in Dick’s Sporting Goods by 33.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 36,218 shares of the sporting goods retailer’s stock worth $1,281,000 after buying an additional 8,989 shares during the last quarter. Tributary Capital Management LLC increased its stake in Dick’s Sporting Goods by 17.4% in the fourth quarter. Tributary Capital Management LLC now owns 38,040 shares of the sporting goods retailer’s stock worth $1,345,000 after buying an additional 5,640 shares during the last quarter. Arrow Financial Corp bought a new stake in Dick’s Sporting Goods during the fourth quarter worth about $1,484,000. State Treasurer State of Michigan increased its stake in Dick’s Sporting Goods by 21.4% in the fourth quarter. State Treasurer State of Michigan now owns 52,100 shares of the sporting goods retailer’s stock worth $1,842,000 after buying an additional 9,200 shares during the last quarter. Finally, Pensionfund DSM Netherlands bought a new stake in Dick’s Sporting Goods during the fourth quarter worth about $1,980,000.

DICK’S Sporting Goods, Inc is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories. The Company offers hardlines, such as sporting goods equipment, fitness equipment, golf equipment and hunting and fishing gear. The Company also owns and operates Golf Galaxy, Field & Stream and True Runner specialty stores.

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