Canaccord Genuity set a $32.00 price objective on Dicks Sporting Goods (NYSE:DKS) in a research note released on Tuesday morning, Marketbeat reports. The firm currently has a hold rating on the sporting goods retailer’s stock.

A number of other research firms have also recently weighed in on DKS. Bank of America increased their price target on Dicks Sporting Goods from $35.00 to $40.00 and gave the stock a neutral rating in a report on Thursday, March 15th. Robert W. Baird reiterated a hold rating and set a $34.00 price target on shares of Dicks Sporting Goods in a report on Thursday, March 15th. Credit Suisse Group reiterated a neutral rating and set a $35.00 price target (up from $24.00) on shares of Dicks Sporting Goods in a report on Thursday, March 15th. They noted that the move was a valuation call. ValuEngine cut Dicks Sporting Goods from a sell rating to a strong sell rating in a report on Wednesday, May 2nd. Finally, Zacks Investment Research cut Dicks Sporting Goods from a buy rating to a hold rating in a report on Wednesday, March 14th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twelve have assigned a buy rating to the stock. The stock has an average rating of Hold and an average price target of $35.32.

NYSE DKS opened at $36.60 on Tuesday. The firm has a market cap of $3.19 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 1.07 and a beta of 0.50. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.41 and a quick ratio of 0.21. Dicks Sporting Goods has a twelve month low of $23.88 and a twelve month high of $42.38.

Dicks Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Wednesday, May 30th. The sporting goods retailer reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.14. The business had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Dicks Sporting Goods had a return on equity of 16.86% and a net margin of 3.77%. The company’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.54 EPS. equities analysts expect that Dicks Sporting Goods will post 2.93 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 8th will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date is Thursday, June 7th. Dicks Sporting Goods’s dividend payout ratio is currently 29.90%.

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. raised its position in Dicks Sporting Goods by 1.3% in the 1st quarter. BlackRock Inc. now owns 7,031,950 shares of the sporting goods retailer’s stock valued at $246,469,000 after purchasing an additional 87,300 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Dicks Sporting Goods by 14.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,273,962 shares of the sporting goods retailer’s stock valued at $114,752,000 after purchasing an additional 401,849 shares in the last quarter. JPMorgan Chase & Co. raised its position in Dicks Sporting Goods by 268.7% in the 1st quarter. JPMorgan Chase & Co. now owns 2,603,116 shares of the sporting goods retailer’s stock valued at $91,238,000 after purchasing an additional 1,897,076 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Dicks Sporting Goods by 812.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,469,346 shares of the sporting goods retailer’s stock valued at $70,969,000 after purchasing an additional 2,198,746 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in Dicks Sporting Goods by 29.6% in the 4th quarter. Renaissance Technologies LLC now owns 2,041,800 shares of the sporting goods retailer’s stock valued at $58,681,000 after purchasing an additional 466,700 shares in the last quarter. 70.97% of the stock is currently owned by institutional investors.

About Dicks Sporting Goods

Dick's Sporting Goods, Inc operates as a sporting goods retailer primarily in the eastern United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories. The company also owns and operates Golf Galaxy, Field & Stream, and other specialty concept stores; and e-commerce Websites, as well as Dick's Team Sports HQ, a youth sports digital platform that offers free league management services, mobile apps for scheduling, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.

Analyst Recommendations for Dicks Sporting Goods (NYSE:DKS)

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