Canaccord Genuity reiterated their buy rating on shares of Dick’s Sporting Goods Inc (NYSE:DKS) in a research report sent to investors on Friday. They currently have a $52.00 price objective on the sporting goods retailer’s stock.

Other equities analysts have also issued reports about the stock. Oppenheimer Holdings, Inc. reaffirmed a hold rating on shares of Dick’s Sporting Goods in a research report on Saturday, May 13th. B. Riley reissued a buy rating and issued a $64.00 target price on shares of Dick’s Sporting Goods in a report on Friday, May 12th. UBS AG lowered shares of Dick’s Sporting Goods from a buy rating to a neutral rating in a report on Tuesday, May 16th. Barclays PLC reissued an equal weight rating and issued a $46.00 target price (down from $50.00) on shares of Dick’s Sporting Goods in a report on Wednesday, May 17th. Finally, Citigroup Inc. reissued a buy rating and issued a $55.00 target price (down from $65.00) on shares of Dick’s Sporting Goods in a report on Wednesday, May 17th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty-two have assigned a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $56.88.

Shares of Dick’s Sporting Goods (DKS) traded down 0.19% during mid-day trading on Friday, hitting $37.16. 948,618 shares of the stock traded hands. Dick’s Sporting Goods has a one year low of $35.87 and a one year high of $62.88. The firm has a market capitalization of $4.18 billion, a P/E ratio of 14.39 and a beta of 0.48. The company’s 50 day moving average is $39.19 and its 200 day moving average is $46.94.

Dick’s Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Tuesday, May 16th. The sporting goods retailer reported $0.54 EPS for the quarter, hitting analysts’ consensus estimates of $0.54. Dick’s Sporting Goods had a net margin of 3.57% and a return on equity of 18.61%. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same period last year, the firm earned $0.50 earnings per share. Dick’s Sporting Goods’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, equities analysts expect that Dick’s Sporting Goods will post $3.68 EPS for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, June 9th were paid a $0.17 dividend. The ex-dividend date was Wednesday, June 7th. This represents a $0.68 annualized dividend and a dividend yield of 1.83%. Dick’s Sporting Goods’s dividend payout ratio is currently 26.25%.

Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in Dick’s Sporting Goods by 2,879.3% in the first quarter. BlackRock Inc. now owns 8,515,919 shares of the sporting goods retailer’s stock valued at $414,382,000 after buying an additional 8,230,087 shares in the last quarter. OZ Management LP acquired a new stake in shares of Dick’s Sporting Goods during the first quarter worth approximately $86,412,000. Renaissance Technologies LLC raised its stake in shares of Dick’s Sporting Goods by 424.3% in the first quarter. Renaissance Technologies LLC now owns 2,054,600 shares of the sporting goods retailer’s stock worth $99,977,000 after buying an additional 1,662,700 shares during the period. SRS Investment Management LLC acquired a new stake in shares of Dick’s Sporting Goods during the first quarter worth approximately $72,194,000. Finally, TIAA CREF Investment Management LLC raised its stake in shares of Dick’s Sporting Goods by 342.8% in the first quarter. TIAA CREF Investment Management LLC now owns 1,548,807 shares of the sporting goods retailer’s stock worth $75,365,000 after buying an additional 1,199,058 shares during the period. Institutional investors own 78.90% 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 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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