Dicks Sporting Goods Inc (DKS) Receives Consensus Rating of “Hold” from Analysts

Dicks Sporting Goods Inc (NYSE:DKS) has been assigned an average rating of “Hold” from the twenty-three brokerages that are covering the company, MarketBeat Ratings reports. Twelve equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $41.24.

Several equities research analysts have issued reports on DKS shares. Citigroup downgraded shares of Dicks Sporting Goods from a “buy” rating to a “neutral” rating and set a $40.00 price objective for the company. in a research report on Monday, December 3rd. JPMorgan Chase & Co. cut shares of Dicks Sporting Goods from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $46.00 to $41.00 in a report on Thursday, November 29th. Argus raised their target price on shares of Dicks Sporting Goods from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, December 11th. Canaccord Genuity set a $54.00 target price on shares of Dicks Sporting Goods and gave the stock a “buy” rating in a report on Thursday, December 20th. Finally, ValuEngine raised shares of Dicks Sporting Goods from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd.

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DKS stock traded down $0.91 during mid-day trading on Monday, hitting $38.09. 1,739,754 shares of the company were exchanged, compared to its average volume of 1,780,544. The company has a quick ratio of 0.19, a current ratio of 1.61 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $3.73 billion, a PE ratio of 12.65, a price-to-earnings-growth ratio of 1.80 and a beta of 0.54. Dicks Sporting Goods has a 1-year low of $29.53 and a 1-year high of $40.87.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 2.89%. This is an increase from Dicks Sporting Goods’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Thursday, March 14th. Dicks Sporting Goods’s dividend payout ratio is presently 29.90%.

A number of hedge funds have recently modified their holdings of the business. Norges Bank bought a new stake in Dicks Sporting Goods in the 4th quarter worth about $49,764,000. FMR LLC grew its position in Dicks Sporting Goods by 6.0% in the 4th quarter. FMR LLC now owns 1,080,575 shares of the sporting goods retailer’s stock worth $33,713,000 after purchasing an additional 61,114 shares in the last quarter. BW Gestao de Investimentos Ltda. bought a new stake in Dicks Sporting Goods in the 4th quarter worth about $370,000. HighPoint Advisor Group LLC grew its position in Dicks Sporting Goods by 25.2% in the 4th quarter. HighPoint Advisor Group LLC now owns 26,264 shares of the sporting goods retailer’s stock worth $994,000 after purchasing an additional 5,278 shares in the last quarter. Finally, APG Asset Management N.V. boosted its stake in Dicks Sporting Goods by 593.0% in the fourth quarter. APG Asset Management N.V. now owns 108,800 shares of the sporting goods retailer’s stock valued at $2,969,000 after acquiring an additional 93,100 shares during the last quarter. 80.04% of the stock is owned by institutional investors and hedge funds.

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.

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