Robert W. Baird restated their hold rating on shares of Dicks Sporting Goods (NYSE:DKS) in a report issued on Wednesday, January 3rd. The firm currently has a $32.00 price target on the sporting goods retailer’s stock.

Other analysts have also issued research reports about the stock. Morgan Stanley reissued an equal weight rating and issued a $28.00 price objective on shares of Dicks Sporting Goods in a research report on Thursday, December 14th. Wells Fargo & Co set a $29.00 target price on shares of Dicks Sporting Goods and gave the company a hold rating in a research report on Wednesday, October 11th. BMO Capital Markets decreased their target price on shares of Dicks Sporting Goods from $37.00 to $32.00 and set an outperform rating for the company in a research report on Wednesday, November 15th. Bank of America decreased their target price on shares of Dicks Sporting Goods from $35.00 to $30.00 and set a neutral rating for the company in a research report on Wednesday, November 15th. Finally, Wolfe Research downgraded shares of Dicks Sporting Goods from a peer perform rating to an underperform rating and set a $20.00 target price for the company. in a research report on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, twenty-two have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $33.36.

Shares of Dicks Sporting Goods (NYSE DKS) traded up $0.88 during trading on Wednesday, reaching $33.92. 2,215,200 shares of the company’s stock were exchanged, compared to its average volume of 3,761,992. The company has a market cap of $3,660.00, a P/E ratio of 12.52, a PEG ratio of 1.84 and a beta of 0.56. Dicks Sporting Goods has a 12-month low of $23.88 and a 12-month high of $54.03. The company has a current ratio of 1.61, a quick ratio of 0.25 and a debt-to-equity ratio of 0.28.

Dicks Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.04. Dicks Sporting Goods had a net margin of 3.54% and a return on equity of 17.95%. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter last year, the company posted $0.48 EPS. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. analysts forecast that Dicks Sporting Goods will post 2.98 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 8th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date was Thursday, December 7th. Dicks Sporting Goods’s payout ratio is currently 25.09%.

Several large investors have recently made changes to their positions in DKS. Vanguard Group Inc. grew its holdings in Dicks Sporting Goods by 2.0% during the 2nd 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 holdings in shares of Dicks Sporting Goods by 263.8% in the 2nd 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 acquiring an additional 4,085,414 shares during the period. Northern Trust Corp grew its stake in Dicks Sporting Goods by 54.6% during the 2nd quarter. Northern Trust Corp now owns 3,791,180 shares of the sporting goods retailer’s stock worth $151,003,000 after buying an additional 1,339,379 shares during the last quarter. Okumus Fund Management Ltd. acquired a new stake in Dicks Sporting Goods during the 3rd quarter worth about $46,406,000. Finally, Dimensional Fund Advisors LP lifted its position in Dicks Sporting Goods by 58.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,717,065 shares of the sporting goods retailer’s stock worth $46,379,000 after acquiring an additional 636,186 shares during the period. 73.71% of the stock is currently owned by hedge funds and other institutional investors.

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Dicks 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 Dicks Sporting Goods (NYSE:DKS)

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