Guggenheim began coverage on shares of Dick’s Sporting Goods Inc. (NYSE:DKS) in a research report report published on Tuesday morning. The brokerage issued a neutral rating on the sporting goods retailer’s stock.

Analyst Recommendations for Dick`s Sporting Goods (NYSE:DKS)

A number of other research analysts have also recently weighed in on DKS. Goldman Sachs Group Inc. upgraded Dick’s Sporting Goods from a neutral rating to a buy rating and set a $53.00 target price on the stock in a report on Thursday, May 26th. B. Riley restated a buy rating and set a $61.00 price objective on shares of Dick’s Sporting Goods in a research note on Friday, August 12th. TheStreet cut Dick’s Sporting Goods from a buy rating to a hold rating in a research note on Monday, May 23rd. MKM Partners restated a buy rating and set a $55.00 price objective on shares of Dick’s Sporting Goods in a research note on Wednesday, June 29th. Finally, Vetr upgraded Dick’s Sporting Goods from a hold rating to a buy rating and set a $57.00 price objective on the stock in a research note on Monday, August 15th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-two have assigned a buy rating to the stock. Dick’s Sporting Goods has a consensus rating of Buy and a consensus price target of $59.09.

Shares of Dick’s Sporting Goods (NYSE:DKS) opened at 61.59 on Tuesday. The firm has a market capitalization of $6.95 billion, a PE ratio of 21.57 and a beta of 0.83. The company has a 50 day moving average price of $58.05 and a 200-day moving average price of $48.51. Dick’s Sporting Goods has a 12 month low of $33.42 and a 12 month high of $61.94.

Dick’s Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, August 16th. The sporting goods retailer reported $0.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.13. Dick’s Sporting Goods had a return on equity of 18.43% and a net margin of 4.32%. The firm had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter last year, the firm earned $0.77 earnings per share. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. Equities research analysts expect that Dick’s Sporting Goods will post $3.06 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 9th will be paid a $0.1513 dividend. This represents a $0.61 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Wednesday, September 7th. Dick’s Sporting Goods’s payout ratio is presently 21.33%.

In related news, EVP Michele Willoughby sold 36,737 shares of the stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $58.78, for a total value of $2,159,400.86. Following the completion of the sale, the executive vice president now owns 98,923 shares in the company, valued at $5,814,693.94. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 22.96% of the stock is currently owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the stock. Capstone Asset Management Co. boosted its stake in Dick’s Sporting Goods by 0.4% in the second quarter. Capstone Asset Management Co. now owns 9,812 shares of the sporting goods retailer’s stock valued at $442,000 after buying an additional 40 shares during the last quarter. Shelton Capital Management raised its position in Dick’s Sporting Goods by 2.1% in the second quarter. Shelton Capital Management now owns 9,598 shares of the sporting goods retailer’s stock valued at $432,000 after buying an additional 200 shares during the period. Commonwealth Bank of Australia raised its position in Dick’s Sporting Goods by 1.6% in the second quarter. Commonwealth Bank of Australia now owns 13,100 shares of the sporting goods retailer’s stock valued at $589,000 after buying an additional 200 shares during the period. Pictet Asset Management Ltd. raised its position in Dick’s Sporting Goods by 0.6% in the second quarter. Pictet Asset Management Ltd. now owns 35,200 shares of the sporting goods retailer’s stock valued at $1,510,000 after buying an additional 200 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Dick’s Sporting Goods by 2.0% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 12,616 shares of the sporting goods retailer’s stock valued at $568,000 after buying an additional 253 shares during the period. Institutional investors and hedge funds own 72.16% of the company’s stock.

Dick’s Sporting Goods Company Profile

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 in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, as well as e-commerce Websites at www.DICKS.com, www.golfgalaxy.com, www.fieldandstreamshop.com and www.caliastudio.com.

5 Day Chart for NYSE:DKS

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