Dick’s Sporting Goods Inc (DKS) Given a $37.00 Price Target at BMO Capital Markets

BMO Capital Markets set a $37.00 target price on Dick’s Sporting Goods Inc (NYSE:DKS) in a research note issued to investors on Wednesday morning, Marketbeat reports. The firm currently has an outperform rating on the sporting goods retailer’s stock.

Several other equities research analysts also recently weighed in on DKS. Stifel Nicolaus reaffirmed an outperform rating and set a $65.00 target price on shares of Dick’s Sporting Goods in a research note on Sunday, April 23rd. Canaccord Genuity reaffirmed a buy rating and set a $67.00 target price on shares of Dick’s Sporting Goods in a research note on Monday, May 8th. B. Riley reaffirmed a buy rating and set a $64.00 target price on shares of Dick’s Sporting Goods in a research note on Friday, May 12th. Wedbush reaffirmed an outperform rating and set a $68.00 target price on shares of Dick’s Sporting Goods in a research note on Sunday, May 14th. Finally, Oppenheimer Holdings, Inc. reaffirmed a hold rating on shares of Dick’s Sporting Goods in a research note on Saturday, May 13th. Four investment analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $42.57.

Shares of Dick’s Sporting Goods (NYSE:DKS) opened at 26.99 on Wednesday. Dick’s Sporting Goods has a 12 month low of $26.32 and a 12 month high of $62.88. The stock’s 50 day moving average is $36.05 and its 200 day moving average is $44.26. The stock has a market capitalization of $2.92 billion, a PE ratio of 9.68 and a beta of 0.47.

Dick’s Sporting Goods (NYSE:DKS) last announced its earnings results on Tuesday, August 15th. The sporting goods retailer reported $0.96 earnings per share for the quarter, missing the consensus estimate of $1.00 by $0.04. Dick’s Sporting Goods had a return on equity of 19.09% and a net margin of 3.74%. The business had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.16 billion. During the same period in the previous year, the company earned $0.82 earnings per share. Dick’s Sporting Goods’s quarterly revenue was up 9.6% on a year-over-year basis. Analysts anticipate that Dick’s Sporting Goods will post $2.98 earnings per share for the current fiscal year.

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The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend is Thursday, September 7th. Dick’s Sporting Goods’s dividend payout ratio is currently 24.29%.

Institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC increased its position in shares of Dick’s Sporting Goods by 21.7% in the second quarter. Advisory Services Network LLC now owns 5,229 shares of the sporting goods retailer’s stock worth $208,000 after buying an additional 931 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Dick’s Sporting Goods by 56.3% in the second quarter. Public Employees Retirement System of Ohio now owns 60,311 shares of the sporting goods retailer’s stock worth $2,402,000 after buying an additional 21,718 shares during the last quarter. Delphi Management Inc. MA purchased a new position in shares of Dick’s Sporting Goods during the second quarter worth approximately $1,874,000. Castleark Management LLC increased its position in shares of Dick’s Sporting Goods by 40.6% in the second quarter. Castleark Management LLC now owns 724,257 shares of the sporting goods retailer’s stock worth $28,847,000 after buying an additional 209,141 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Dick’s Sporting Goods by 1.6% in the second quarter. The Manufacturers Life Insurance Company now owns 130,095 shares of the sporting goods retailer’s stock worth $5,182,000 after buying an additional 1,994 shares during the last quarter. Institutional investors own 76.35% of the company’s stock.

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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