Dick’s Sporting Goods Inc (NYSE:DKS) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as $26.22 and last traded at $26.21, with a volume of 2,421,012 shares trading hands. The stock had previously closed at $26.46.

Several research analysts have commented on DKS shares. Stifel Nicolaus set a $54.00 price objective on shares of Dick’s Sporting Goods and gave the company a “buy” rating in a research report on Wednesday, May 17th. B. Riley restated a “buy” rating and set a $58.00 price objective on shares of Dick’s Sporting Goods in a research report on Wednesday, May 17th. Cowen and Company set a $55.00 price objective on shares of Dick’s Sporting Goods and gave the company a “buy” rating in a research report on Wednesday, May 17th. Monness Crespi & Hardt restated a “buy” rating and set a $52.00 price objective (down from $60.00) on shares of Dick’s Sporting Goods in a research report on Wednesday, May 17th. Finally, Canaccord Genuity restated a “buy” rating and set a $67.00 price objective on shares of Dick’s Sporting Goods in a research report on Monday, May 8th. Four analysts have rated the stock with a sell rating, twenty-four have given a hold rating and seven have assigned a buy rating to the stock. Dick’s Sporting Goods presently has an average rating of “Hold” and a consensus target price of $42.57.

The company’s 50 day moving average price is $35.02 and its 200 day moving average price is $43.67. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of 9.52 and a beta of 0.47.

Dick’s Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Tuesday, August 15th. The sporting goods retailer reported $0.96 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by $0.04. The company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Dick’s Sporting Goods had a return on equity of 19.09% and a net margin of 3.74%. The company’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.82 EPS. Equities analysts expect that Dick’s Sporting Goods Inc will post $2.90 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.56%. The ex-dividend date is Thursday, September 7th. Dick’s Sporting Goods’s dividend payout ratio is presently 24.29%.

In related news, Director William J. Colombo purchased 20,000 shares of Dick’s Sporting Goods stock in a transaction that occurred on Tuesday, August 22nd. The shares were bought at an average price of $26.25 per share, with a total value of $525,000.00. Following the purchase, the director now directly owns 323,224 shares of the company’s stock, valued at approximately $8,484,630. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 23.09% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its position 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. Vanguard Group Inc. increased its position in Dick’s Sporting Goods by 2.0% in the second quarter. Vanguard Group Inc. now owns 6,802,340 shares of the sporting goods retailer’s stock valued at $270,937,000 after buying an additional 135,991 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in Dick’s Sporting Goods by 263.8% in the second quarter. TIAA CREF Investment Management LLC now owns 5,634,221 shares of the sporting goods retailer’s stock valued at $224,411,000 after buying an additional 4,085,414 shares in the last quarter. Northern Trust Corp increased its position in Dick’s Sporting Goods by 54.6% in the second quarter. Northern Trust Corp now owns 3,791,180 shares of the sporting goods retailer’s stock valued at $151,003,000 after buying an additional 1,339,379 shares in the last quarter. Finally, State Street Corp increased its position in Dick’s Sporting Goods by 2.2% in the first quarter. State Street Corp now owns 3,244,995 shares of the sporting goods retailer’s stock valued at $157,904,000 after buying an additional 69,237 shares in the last quarter. 76.35% of the stock is currently owned by institutional investors.

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About Dick’s Sporting Goods

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.

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