Dicks Sporting Goods (NYSE: DKS) recently received a number of ratings updates from brokerages and research firms:

  • 11/28/2016 – Dicks Sporting Goods was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Scoring a hat trick with earnings beat, DICK’S Sporting posted solid third-quarter fiscal 2016 results, driven by robust comps, gross margin expansion and tough inventory management. Further, the company is gaining from bankruptcy declared by major rivals like the Sports Authority, which is also expected to benefit its ongoing performance. Based on the robust results and expectations of market share gains in the future, the company’s management raised its fiscal 2016 view. However, the company’s guidance for the fourth quarter remained bleak, hinting at a weaker-than-expected holiday season – toning down investors’ optimism. Also, the company remains prone to macroeconomic challenges and stiff competition, which remain threats. Nonetheless, DICK’S Sporting’s constant shareholder-friendly moves, as well as focus on store expansion and undertaking investments in omni-channel business, bode well.”
  • 11/21/2016 – Dicks Sporting Goods had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $68.00 price target on the stock.
  • 11/18/2016 – Dicks Sporting Goods was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $66.00 price target on the stock. According to Zacks, “Scoring a hat trick with earnings beat, DICK’S Sporting posted solid third-quarter fiscal 2016 results, driven by robust comps, gross margin expansion and tough inventory management. Further, the company is gaining from bankruptcy declared by major rivals like the Sports Authority, which is also expected to benefit its ongoing performance. Based on the robust results and expectations of market share gains in the future, the company’s management raised its fiscal 2016 view. However, the company’s guidance for the fourth quarter remained bleak, hinting at a weaker-than-expected holiday season – toning down investors’ optimism. Also, the company remains prone to macroeconomic challenges and stiff competition, which remain threats. Nonetheless, DICK’S Sporting’s constant shareholder-friendly moves, as well as focus on store expansion and undertaking investments in omni-channel business, bode well.”
  • 11/16/2016 – Dicks Sporting Goods had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $68.00 price target on the stock.
  • 11/16/2016 – Dicks Sporting Goods had its price target raised by analysts at Royal Bank Of Canada from $66.00 to $68.00. They now have an “outperform” rating on the stock.
  • 11/16/2016 – Dicks Sporting Goods had its price target raised by analysts at RBC Capital Markets from $66.00 to $68.00. They now have an “outperform” rating on the stock.
  • 11/16/2016 – Dicks Sporting Goods was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Scoring a hat trick with earnings beat, DICK’S Sporting posted solid third-quarter fiscal 2016 results, driven by robust comps, gross margin expansion and tough inventory management. Further, the company is gaining from bankruptcy declared by major rivals like the Sports Authority, which is also expected to benefit its ongoing performance. Based on the robust results and expectations of market share gains in the future, the company’s management raised its fiscal 2016 view. However, the company’s guidance for the fourth quarter remained bleak, hinting at a weaker-than-expected holiday season – toning down investors’ optimism. Also, the company remains prone to macroeconomic challenges and stiff competition, which remain threats. Nonetheless, DICK’S Sporting’s constant shareholder-friendly moves, as well as focus on store expansion and undertaking investments in omni-channel business, bode well.”
  • 11/16/2016 – Dicks Sporting Goods had its “buy” rating reaffirmed by analysts at Brean Capital.
  • 11/11/2016 – Dicks Sporting Goods had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $68.00 price target on the stock.
  • 11/11/2016 – Dicks Sporting Goods was given a new $70.00 price target on by analysts at Canaccord Genuity. They now have a “buy” rating on the stock.
  • 11/1/2016 – Dicks Sporting Goods is now covered by analysts at Wedbush. They set an “outperform” rating and a $65.00 price target on the stock.
  • 10/24/2016 – Dicks Sporting Goods was upgraded by analysts at Cowen and Company from a “market perform” rating to an “outperform” rating. They now have a $64.00 price target on the stock.
  • 10/10/2016 – Dicks Sporting Goods had its “neutral” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $60.00 price target on the stock.
  • 10/6/2016 – Dicks Sporting Goods had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $70.00 price target on the stock.
  • 10/4/2016 – Dicks Sporting Goods was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $63.00 price target on the stock. According to Zacks, “DICK's Sporting has been gaining from the expansion of its omni-channel network, and powerful marketing and merchandising strategies. Also, the company's customer-oriented strategies, store growth plan and healthy financial status bode well. This is particularly reflected by its regular dividend payouts and constant share buybacks. With these plans underway, the company remains on track to reach its long-term revenue and store growth targets. However, the company expects to witness some near-term pressure, owing to the major liquidation going on in the sporting goods space. Stiff competition also remains a threat. Nonetheless, the company's raised fiscal 2016 earnings and comps outlook ushers in confidence about its future prospects. Estimates have been largely stable going into the third-quarter earnings release. The company has a mixed record of earnings surprises in recent quarters.”

Shares of Dicks Sporting Goods Inc (NYSE:DKS) traded up 1.77% during midday trading on Tuesday, hitting $60.28. The stock had a trading volume of 1,031,242 shares. Dicks Sporting Goods Inc has a 1-year low of $33.44 and a 1-year high of $62.88. The firm’s 50-day moving average price is $57.37 and its 200-day moving average price is $52.41. The stock has a market cap of $6.79 billion, a price-to-earnings ratio of 20.87 and a beta of 0.71.

Dicks Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Tuesday, November 15th. The sporting goods retailer reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.06. The company earned $1.87 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Dicks Sporting Goods had a return on equity of 18.15% and a net margin of 4.25%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.45 earnings per share. Analysts forecast that Dicks Sporting Goods Inc will post $3.10 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Friday, December 9th will be given a $0.1513 dividend. This represents a $0.61 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Wednesday, December 7th. Dicks Sporting Goods’s dividend payout ratio (DPR) is presently 21.11%.

In related news, EVP Lauren R. Hobart sold 24,015 shares of Dicks Sporting Goods stock in a transaction on Friday, November 18th. The stock was sold at an average price of $58.45, for a total transaction of $1,403,676.75. Following the completion of the sale, the executive vice president now owns 57,930 shares of the company’s stock, valued at $3,386,008.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Lee J. Belitsky sold 15,000 shares of Dicks Sporting Goods stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $58.50, for a total value of $877,500.00. Following the sale, the chief financial officer now directly owns 131,623 shares of the company’s stock, valued at approximately $7,699,945.50. The disclosure for this sale can be found here. 22.96% of the stock is owned by insiders.

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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