Dick’s Sporting Goods’ (DKS) “Outperform” Rating Reaffirmed at BMO Capital Markets

BMO Capital Markets restated their outperform rating on shares of Dick’s Sporting Goods Inc (NYSE:DKS) in a research note published on Thursday morning.

A number of other research analysts also recently commented on DKS. ValuEngine downgraded shares of Dick’s Sporting Goods from a buy rating to a hold rating in a research report on Friday, June 2nd. Argus reaffirmed a buy rating and issued a $55.00 target price (down from $66.00) on shares of Dick’s Sporting Goods in a research report on Friday, May 19th. Barclays PLC reaffirmed an equal weight rating and issued a $46.00 target price (down from $50.00) on shares of Dick’s Sporting Goods in a research report on Wednesday, May 17th. Morgan Stanley reaffirmed an equal weight rating and issued a $46.00 target price (down from $55.00) on shares of Dick’s Sporting Goods in a research report on Wednesday, May 17th. Finally, Robert W. Baird reaffirmed a neutral rating and issued a $45.00 target price (down from $52.00) on shares of Dick’s Sporting Goods in a research report on Wednesday, May 17th. Four equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and five have issued a buy rating to the company’s stock. Dick’s Sporting Goods presently has an average rating of Hold and an average target price of $39.67.

Shares of Dick’s Sporting Goods (NYSE:DKS) opened at 27.74 on Thursday. Dick’s Sporting Goods has a 1-year low of $25.94 and a 1-year high of $62.88. The firm has a market capitalization of $3.03 billion, a P/E ratio of 9.95 and a beta of 0.52. The stock’s 50 day moving average is $30.19 and its 200 day moving average is $41.01.

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

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The business also recently disclosed 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 dividend yield of 2.45%. The ex-dividend date is Thursday, September 7th. Dick’s Sporting Goods’s dividend payout ratio (DPR) is 24.29%.

In related news, Director William J. Colombo acquired 20,000 shares of Dick’s Sporting Goods stock in a transaction that occurred on Tuesday, August 22nd. The stock was purchased at an average price of $26.25 per share, for a total transaction of $525,000.00. Following the completion of the purchase, the director now directly owns 323,224 shares of the company’s stock, valued at $8,484,630. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 23.09% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Point72 Asia Hong Kong Ltd acquired a new stake in shares of Dick’s Sporting Goods in the first quarter valued at about $114,000. Creative Planning lifted its stake in shares of Dick’s Sporting Goods by 72.2% in the second quarter. Creative Planning now owns 2,667 shares of the sporting goods retailer’s stock valued at $106,000 after purchasing an additional 1,118 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Dick’s Sporting Goods by 30.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,823 shares of the sporting goods retailer’s stock valued at $113,000 after purchasing an additional 653 shares during the period. HPM Partners LLC acquired a new stake in shares of Dick’s Sporting Goods in the second quarter valued at about $272,000. Finally, Verity Asset Management Inc. acquired a new stake in shares of Dick’s Sporting Goods in the first quarter valued at about $206,000. Hedge funds and other institutional investors own 77.76% of the company’s stock.

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.

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

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