Dick’s Sporting Goods Inc (DKS) Receives “Neutral” Rating from Guggenheim

Guggenheim reaffirmed their neutral rating on shares of Dick’s Sporting Goods Inc (NYSE:DKS) in a research note issued to investors on Wednesday morning.

Several other brokerages also recently weighed in on DKS. Zacks Investment Research raised shares of Dick’s Sporting Goods from a sell rating to a hold rating in a research report on Tuesday, July 18th. Barclays PLC reaffirmed an equal weight rating and issued a $46.00 target price (down previously from $50.00) on shares of Dick’s Sporting Goods in a research report on Wednesday, May 17th. B. Riley reaffirmed a buy rating and issued a $58.00 target price on shares of Dick’s Sporting Goods in a research report on Monday, May 22nd. UBS AG downgraded shares of Dick’s Sporting Goods from a buy rating to a neutral rating in a research report on Tuesday, May 16th. Finally, Citigroup Inc. downgraded shares of Dick’s Sporting Goods from a buy rating to a neutral rating and set a $30.00 target price for the company. in a research report on Wednesday. Four research analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $43.74.

Shares of Dick’s Sporting Goods (NYSE DKS) traded up 0.94% on Wednesday, reaching $27.96. The company’s stock had a trading volume of 2,491,946 shares. Dick’s Sporting Goods has a 12 month low of $26.32 and a 12 month high of $62.88. The stock has a 50 day moving average of $36.75 and a 200-day moving average of $44.56. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 10.03 and a beta of 0.47. Dick’s Sporting Goods also saw some unusual options trading activity on Monday. Investors acquired 9,392 put options on the stock. This is an increase of approximately 361% compared to the average daily volume of 2,036 put options.

Dick’s Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Tuesday, August 15th. The sporting goods retailer reported $0.96 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by $0.04. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.16 billion. Dick’s Sporting Goods had a net margin of 3.74% and a return on equity of 19.09%. Dick’s Sporting Goods’s revenue was up 9.6% on a year-over-year basis. During the same period last year, the business earned $0.82 EPS. On average, analysts anticipate that Dick’s Sporting Goods will post $3.30 EPS for the current year.

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The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be paid a $0.17 dividend. The ex-dividend date is Thursday, September 7th. This represents a $0.68 dividend on an annualized basis and a yield of 2.45%. Dick’s Sporting Goods’s dividend payout ratio is currently 24.29%.

Several large investors have recently made changes to their positions in DKS. Creative Planning boosted 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 buying an additional 1,118 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted 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 buying an additional 653 shares during the last quarter. Point72 Asia Hong Kong Ltd acquired a new stake in shares of Dick’s Sporting Goods during the first quarter valued at $114,000. James Investment Research Inc. boosted its stake in shares of Dick’s Sporting Goods by 7.3% in the first quarter. James Investment Research Inc. now owns 2,933 shares of the sporting goods retailer’s stock valued at $143,000 after buying an additional 200 shares during the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of Dick’s Sporting Goods by 0.5% in the second 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 last quarter. 76.35% of the stock is owned by hedge funds and other institutional investors.

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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