Dicks Sporting Goods Inc (DKS) Receives Average Recommendation of “Hold” from Brokerages

Dicks Sporting Goods Inc (NYSE:DKS) has been assigned an average rating of “Hold” from the thirty-four research firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, twenty-five have given a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $31.46.

A number of analysts have recently weighed in on the stock. Oppenheimer restated a “hold” rating on shares of Dicks Sporting Goods in a research note on Tuesday, November 14th. Susquehanna Bancshares reduced their price objective on shares of Dicks Sporting Goods from $30.00 to $27.00 and set a “neutral” rating for the company in a research note on Friday, November 10th. Forward View upgraded shares of Dicks Sporting Goods from a “sell” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Thursday, November 16th. BMO Capital Markets restated an “outperform” rating on shares of Dicks Sporting Goods in a research note on Thursday, September 14th. Finally, Citigroup reduced their price objective on shares of Dicks Sporting Goods from $30.00 to $28.00 and set a “neutral” rating for the company in a research note on Thursday, November 16th.

Shares of Dicks Sporting Goods (NYSE:DKS) opened at $29.67 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.61 and a quick ratio of 0.25. The stock has a market cap of $3,186.65, a P/E ratio of 10.95, a price-to-earnings-growth ratio of 1.62 and a beta of 0.57. Dicks Sporting Goods has a one year low of $23.88 and a one year high of $56.25.

Dicks Sporting Goods (NYSE:DKS) last posted its earnings results on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.04. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.90 billion. Dicks Sporting Goods had a net margin of 3.54% and a return on equity of 17.95%. The company’s revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.48 earnings per share. equities research analysts predict that Dicks Sporting Goods will post 2.97 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Thursday, December 7th. Dicks Sporting Goods’s payout ratio is currently 25.09%.

Large investors have recently added to or reduced their stakes in the stock. Nordea Investment Management AB increased its holdings in Dicks Sporting Goods by 0.5% in the 2nd quarter. Nordea Investment Management AB now owns 5,106 shares of the sporting goods retailer’s stock valued at $203,000 after buying an additional 26 shares during the period. Northwestern Mutual Investment Management Company LLC increased its holdings in Dicks Sporting Goods by 1.6% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 15,395 shares of the sporting goods retailer’s stock valued at $694,000 after buying an additional 241 shares during the period. State of Tennessee Treasury Department increased its holdings in Dicks Sporting Goods by 0.4% in the 2nd quarter. State of Tennessee Treasury Department now owns 98,098 shares of the sporting goods retailer’s stock valued at $3,907,000 after buying an additional 398 shares during the period. Alliancebernstein L.P. increased its holdings in Dicks Sporting Goods by 0.8% in the 2nd quarter. Alliancebernstein L.P. now owns 58,027 shares of the sporting goods retailer’s stock valued at $2,311,000 after buying an additional 455 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Dicks Sporting Goods by 30.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,823 shares of the sporting goods retailer’s stock valued at $113,000 after buying an additional 653 shares during the period. Hedge funds and other institutional investors own 72.81% of the company’s stock.

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About Dicks 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.

Analyst Recommendations for Dicks Sporting Goods (NYSE:DKS)

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